Hydrogen Energy Storage Market

Hydrogen Energy Storage Market by State (Liquid, Gas, Solid), Storage Technology (Compression, Liquefaction, Material based), End-User (Industrial, Commercial, Utilities), and Region - Global Forecast to 2024

Report Code: EP 7389 Oct, 2019, by marketsandmarkets.com

[139 Pages Report] The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.8 billion in 2019, at a CAGR of 5.8% during the forecast period. The growth is attributed to the increase in use of stored hydrogen for stationary and backup power application. In addition to this, the demand for hydrogen is also generated from the chemical industry where hydrogen is used in the processes of producing ammonia and methanol.  

Hydrogen energy storage Market

The gas segment is expected to be the largest contributor to the hydrogen energy storage market, by state, during the forecast period

The hydrogen energy storage market is segmented, by state, into liquid, gas, and solid. The gas segment is projected to hold the largest market share by 2024. Storing hydrogen as a gas via compression is the easiest and cost-effective method compared with liquefaction of hydrogen, which is the reason for its high demand in the hydrogen energy storage market globally.

The compression segment is expected to be the fastest-growing market during the forecast period

The hydrogen energy storage market, by storage technology, is segmented into compression, liquefaction, and material-based. Compression is the most preferred technology for storing hydrogen.  Hydrogen in the compressed mode is widely used in onboard mobile applications such as vehicles for road transportation, stationary application for dispensing hydrogen at refueling stations, and at sites for stationary power generation.

The utility segment is expected to be the fastest-growing market for the hydrogen energy storage, by end-user, during the forecast period

Hydrogen energy storage market has been categorized, based on end-user into industrial, commercial, and utilities. Utilities are expected to be the fastest-growing as the demand for power generation increases using renewable energy sources is likely to generate the need for hydrogen energy storage in the utility segment.

Hydrogen energy storage Market

North America is expected to be the largest market during the forecast period

In this report, the hydrogen energy storage market has been analyzed for five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to be the largest market from 2019 to 2024. Rise in fuel cell applications, tight regulations about emission control, and use of cleaner fuels is the major driving factor the growth of hydrogen energy storage market. US is the largest market in North America for hydrogen energy storage as the demand for hydrogen increases in oil refineries and chemical industries.

Key Market Players

The major players in the hydrogen energy storage market are Air Liquide (France), Linde (UK), Air Products and Chemicals (US), ITM Power (UK), Hydrogenics (Canada), Worthington Industries (US), Chart Industries (US), Hexagon Composites (Norway), FuelCell Energy (US), Nel Hydrogen (Norway), Plug Power (US) and others.

Air Liquide is a key player in this segment. The company actively focuses on organic and inorganic strategies to increase its global market share. For instance, in June 2018 Air Liquide entered into a partnership with STNE to accelerate the development of hydrogen mobility. This would further add up to the sale and development of hydrogen-powered vehicles serving clean mobility.

Another major player in the market is the ITM Power. The company opts for collaborations as its inorganic business strategy for increasing its clientele base globally. For instance, in May 2019 ITM Power entered into a collaboration with Shell with an agenda to cover all types of hydrogen vehicles from passenger cars to commercial vehicles. This collaboration is expected to continue until 2024.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

State, Storage Technology, End-User, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa and South America

Companies covered

Hydrogenics(Canada), ITM Power(UK), Hexagon Composites(Norway), Worthington Industries(US), Linde(UK), Nel Hydrogen(Norway), Plug Power(US), Chart Industries(US), Air Liquide(France), Air Products and Chemicals(US) and Hydrogenious(Germany)

This research report categorizes the hydrogen energy storage market by state, storage technology, capacity, end-user, and region.

The hydrogen energy storage market, by state, has been segmented as follows:

  • Liquid
  • Gas
  • Solid

The hydrogen energy storage market, by storage technology, has been segmented as follows:

  • Compression
  • Liquefaction
  • Material Based

The hydrogen energy storage market, by end-user, has been segmented as follows:

  • Industrial
  • Commercial
  • Utilities

The hydrogen energy storage market, by region, has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In February 2019, Hexagon Composites was awarded a contract from Audi. The aim is to supply high-pressure tanks for a multi-year hydrogen tank development as Audi is planning to launch a small series of hydrogen fuel cell cars by 2020.
  • In June 2018, Air Liquide entered into a partnership with STNE to accelerate the development of hydrogen mobility. This would further add up to the sale and development of hydrogen-powered vehicles serving clean movement.
  • In June 2017, Nel Hydrogen was awarded a contract by Deokyang, Korea’s largest hydrogen supplier. The aim was to establish a joint venture for sales and marketing of Nel’s H2Station hydrogen fueling stations in Korea.

Key Questions Addressed by the Report

  • What are the revolutionary technology trends that will be seen over the next five years?
  • Which of the hydrogen energy storage market elements will lead by 2024?
  • Which of the type segment will have the maximum opportunity to grow during the forecast period?
  • Which will be the leading region with the highest market share by 2024?
  • How are companies implementing organic and strategies to gain increased market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Break-Up of Primaries
    2.2 Scope
    2.3 Market Size Estimation
           2.3.1 Demand-Side Analysis
                    2.3.1.1 Key Assumptions
                    2.3.1.2 Calculation
           2.3.2 Forecast
           2.3.3 Supply-Side Analysis
                    2.3.3.1 Assumptions and Calculation

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Hydrogen Energy Storage Market
    4.2 Market, By Region
    4.3 North America Market, By State & Country
    4.4 Market, By Storage Technology
    4.5 Market, By End-User

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for Hydrogen in Chemical Industry
                    5.2.1.2 Demand for Hydrogen in Stationary and Portable Power Applications
           5.2.2 Restraints
                    5.2.2.1 High Capital Cost of Hydrogen Energy Storage
           5.2.3 Opportunities
                    5.2.3.1 Growing Commercialization of Power-To-Gas Technologies
                    5.2.3.2 Demand for Hydrogen as A Vehicle Fuel
           5.2.4 Challenges
                    5.2.4.1 Increasing Investments in Battery Storage Technologies

6 Hydrogen Energy Storage Market, By State (Page No. - 41)
    6.1 Introduction
    6.2 Gas
           6.2.1 Multiple Cost-Effective Methods to Store Hydrogen as A Gas Via Compression are Likely to Drive Its Demand in the Market
    6.3 Liquid
           6.3.1 Higher Energy Density and Wide Industrial Applications of Liquid Hydrogen are Likely to Foster Its Demand in Market
    6.4 Solid
           6.4.1 Large Quantities of Hydrogen Can Be Stored in Smaller Volumes, Which is Likely to Drive Its Demand

7 Hydrogen Energy Storage Market, By Storage Technology (Page No. - 46)
    7.1 Introduction
    7.2 Compression
           7.2.1 Easy and Cost-Efficient Hydrogen Storage Via Compression is Likely to Generate Its Demand in the Hydrogen Energy Storage Market
    7.3 Liquefaction
           7.3.1 Higher Volumetric Storage With Fewer Evaporation Losses is Likely to Foster the Demand for Liquefaction Hydrogen Storage Technology
    7.4 Material Based
           7.4.1 Higher Hydrogen Storage Capacity and Greater Reliability of Material Based Hydrogen Storage Technology are Likely to Drive Its Demand
                    7.4.1.1 Metal Hydrides
                    7.4.1.2 Chemical Hydrides

8 Hydrogen Energy Storage Market, By End-User (Page No. - 51)
    8.1 Introduction
    8.2 Utilities
           8.2.1 Growing Demand for Power Generation Through Renewable Energy Sources is Likely to Drive Its Demand in Hydrogen Energy Storage Market
    8.3 Industrial
           8.3.1 Increasing Applications of Hydrogen Energy Storage in the Chemical Industry & Oil Refineries are Likely to Foster Its Demand in Industrial Sector54
    8.4 Commercial
           8.4.1 Fuel Cell-Based Transport and Use of Hydrogen for Commercial Space Heating is Expected to Drive the Commercial Segment
                    8.4.1.1 Transportation
                    8.4.1.2 Space Heating

9 Hydrogen Energy Storage Market, By Region (Page No. - 56)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Increasing Usage of Hydrogen in Oil Refineries and Chemical Industry is Expected to Boost the Demand for the Us Market
           9.2.2 Canada
                    9.2.2.1 Growing Demand for Hydrogen Powered Fuel Cells in Canada is Likely to Drive the Canadian Market
           9.2.3 Mexico
                    9.2.3.1 Production of Hydrogen for Consumption in Oil Refining & Ammonia Production is Expected to Drive the Demand for the Mexican Market
    9.3 Europe
           9.3.1 France
                    9.3.1.1 Hydrogen Can Be Stored in Large Amounts for Extended Period—This is Driving the Market
           9.3.2 Germany
                    9.3.2.1 Increase in Fuel Cell Based Electric Vehicles and Hydrogen Storage Infrastructure are Driving the Hydrogen Energy Storage Market
           9.3.3 Russia
                    9.3.3.1 Growing Refinery Capacities and the Need for Meeting Cleaner Fuel Regulations are Driving the Market
           9.3.4 UK
                    9.3.4.1 Hydrogen Can Be Used A Substitute for Natural Gas is Driving the Market
           9.3.5 Rest of Europe
    9.4 Asia Pacific
           9.4.1 Australia
                    9.4.1.1 Export Opportunities for Hydrogen are Driving the Market
           9.4.2 China
                    9.4.2.1 Hydrogen as A Substitute for Natural Gas is Driving the Market
           9.4.3 India
                    9.4.3.1 Increasing Investments in Hydrogen Application are Driving the Market
           9.4.4 Japan
                    9.4.4.1 Increase in Use of Hydrogen Fuel Cell Vehicles is Driving the Market
           9.4.5 Rest of Asia Pacific
    9.5 Middle East & Africa
           9.5.1 South Africa
                    9.5.1.1 Growing Usage of Renewable Energy Sources for Power Generation is Expected to Increase the Demand for the South African Hydrogen Energy Storage Market
           9.5.2 Saudi Arabia
                    9.5.2.1 Rising Demand for Low-Sulfur Fuel for Transportation is Expected to Boost the Saudi Arabian Hydrogen Energy Storage Market
    9.6 South America
           9.6.1 By Storage Technology
           9.6.2 By End-User
           9.6.3 By Country
           9.6.4 Brazil
                    9.6.4.1 Rising Demand for Hydrogen for Producing Ammonia is Expected to Boost the Brazilian Market
           9.6.5 Argentina
                    9.6.5.1 Rise in Oil Refining Activities is Expected to Boost the Market in Argentina
           9.6.6 Rest of South America

10 Competitive Landscape (Page No. - 92)
     10.1 Introduction
     10.2 Market Share Analysis
     10.3 Competitive Scenario
             10.3.1 New Product Developments
             10.3.2 Contracts & Agreements
             10.3.3 Mergers & Acquisitions
             10.3.4 Investments & Expansions
             10.3.5 Partnerships
     10.4 Competitive Leadership Mapping
             10.4.1 Visionary Leaders
             10.4.2 Innovators
             10.4.3 Dynamic
             10.4.4 Emerging

11 Company Profile (Page No. - 98)
(Overview, Offerings, Recent Developments, SWOT Analysis, and MnM View)* 
     11.1 Air Liquide
     11.2 Chart Industries
     11.3 Hexagon Composites
     11.4 ITN Power
     11.5 Nel Hydrogen
     11.6 Plug Power
     11.7 Worthington Industries
     11.8 Hydrogenics
     11.9 Linde
     11.10 Hydrogenious Lohc Technologies
     11.11 Inoxcva
     11.12 Air Products and Chemicals
     11.13 Mcphy Energy
     11.14 Fuelcell Energy
     11.15 Pragma Industries
     11.16 Grz Technologies
     11.17 H2go Power
     11.18 Areva H2gen
     11.19 Hydrogen in Motion
     11.20 Hydrocell
*Details on Overview, Offerings, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 133)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (72 Tables)

Table 1 Hydrogen Energy Storage Market Snapshot
Table 2 Initial Investment Cost of Hydrogen Energy Storage
Table 3 Hydrogen Energy Storage Market Size, By State, 2017–2024 (USD Million)
Table 4 Gas: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Liquid: Market Size, By Region, 2017–2024 (USD Million)
Table 6 Solid: Hydrogen Storage Technologies Market Size, By Region, 2017–2024 (USD Million)
Table 7 Hydrogen Energy Storage Market Size, By Storage Technology, 2017–2024 (USD Million)
Table 8 Compression: Market Size, By Region,2017–2024 (USD Million)
Table 9 Liquefaction: Market Size, By Region, 2017–2024 (USD Million)
Table 10 Material Based: Hydrogen Storage Technologies Market Size, By Region, 2017–2024 (USD Million)
Table 11 Hydrogen Energy Storage Market Size, By End-User, 2017–2024 (USD Million)
Table 12 Utilities: Market Size, By Region, 2017–2024 (USD Million)
Table 13 Industrial: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Commercial: Hydrogen Storage Technologies Market Size, By Region, 2017–2024 (USD Million)
Table 15 Global Market Size, By Region, 2017–2024 (USD Million)
Table 16 North America: Market Size, By State, 2017–2024 (USD Million)
Table 17 North America: Market Size, By Storage Technologies, 2017–2024 (USD Million)
Table 18 North America: Market Size, By End-User, 2017–2024 (USD Million)
Table 19 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 20 US: Market Size, By State, 2017–2024 (USD Million)
Table 21 US: Market Size, By End-User,2017–2024 (USD Million)
Table 22 Canada: Market Size, By State, 2017–2024 (USD Million)
Table 23 Canada: Market Size, By End-User, 2017–2024 (USD Million)
Table 24 Mexico: Market Size, By State, 2017–2024 (USD Million)
Table 25 Mexico: Market Size, By End-User, 2017–2024 (USD Million)
Table 26 Europe: Market Size, By State, 2017–2024 (USD Million)
Table 27 Europe: Market Size, By Storage Technology, 2017–2024 (USD Million)
Table 28 Europe: Market Size, By End-User, 2017–2024 (USD Million)
Table 29 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 30 France: Market Size, By State, 2017–2024 (USD Million)
Table 31 France: Market Size, By End-User,2017–2024 (USD Million)
Table 32 Germany: Market Size, By State, 2017–2024 (USD Million)
Table 33 Germany: Market Size, By End-User, 2017–2024 (USD Million)
Table 34 Russia: Market Size, By State, 2017–2024 (USD Million)
Table 35 Russia: Market Size, By End-User, 2017–2024 (USD Million)
Table 36 UK: Market Size, By State, 2017–2024 (USD Million)
Table 37 UK: Market Size, By End-User, 2017–2024 (USD Million)
Table 38 Rest of Europe: Market Size, By State, 2017–2024 (USD Million)
Table 39 Rest of Europe: Market Size, By End-User, 2017–2024 (USD Million)
Table 40 Asia Pacific: Market Size, By State, 2017–2024 (USD Million)
Table 41 Asia Pacific: Market Size, By Storage Technology, 2017–2024 (USD Million)
Table 42 Asia Pacific: Market Size, By End-User, 2017–2024 (USD Million)
Table 43 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 44 Australia: Market Size, By State, 2017–2024 (USD Million)
Table 45 Australia: Market Size, By End-User, 2017–2024 (USD Million)
Table 46 China: Market Size, By State, 2017–2024 (USD Million)
Table 47 China: Market Size, By End-User, 2017–2024 (USD Million)
Table 48 India: Market Size, By State, 2017–2024 (USD Million)
Table 49 India: Market Size, By End-User, 2017–2024 (USD Million)
Table 50 Japan: Market Size, By State, 2017–2024 (USD Million)
Table 51 Japan: Market Size, By End-User, 2017–2024 (USD Million)
Table 52 Rest of Asia Pacific: Market Size, By State, 2017–2024 (USD Million)
Table 53 Rest of Asia Pacific: Market Size, By End-User, 2017–2024 (USD Million)
Table 54 Middle East & Africa: Market Size, By State, 2017–2024 (USD Million)
Table 55 Middle East & Africa: Market Size, By Storage Technologies, 2017–2024 (USD Million)
Table 56 Middle East & Africa: Market Size, By End-User, 2017–2024 (USD Million)
Table 57 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 58 South Africa: Market Size, By State, 2017–2024 (USD Million)
Table 59 South Africa: Market Size, By End-User, 2017–2024 (USD Million)
Table 60 Saudi Arabia: Market Size, By State, 2017–2024 (USD Million)
Table 61 Saudi Arabia: Market Size, By End-User, 2017–2024 (USD Million)
Table 62 South America: Market Size, By State, 2017–2024 (USD Million)
Table 63 South America: Market Size, By Storage Technology, 2017–2024 (USD Million)
Table 64 South America: Market Size, By End-User, 2017–2024 (USD Million)
Table 65 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 66 Brazil: Market Size, By State, 2017–2024 (USD Million)
Table 67 Brazil: Market Size, By End-User, 2017–2024 (USD Million)
Table 68 Argentina: Market Size, By State, 2017–2024 (USD Million)
Table 69 Argentina: Market Size, By End-User, 2017–2024 (USD Million)
Table 70 Rest of South America: Market Size,By State, 2017–2024 (USD Million)
Table 71 Rest of South America: Market Size,By End-User, 2017–2024 (USD Million)
Table 72 Developments By Key Players in the Market, January 2015–August 2019


List of Figures (40 Figures)

Figure 1 Hydrogen Energy Storage Market: Research Design
Figure 2 Main Metrics Considered While Constructing and Assessingthe Demand for the Market
Figure 3 Year-On-Year Capacity Addition of Liquid, Gas, and Solid State Hydrogen is the Determining Factor for the Global Market
Figure 4 Increase in Investment is the Determining Factor for the Global Market
Figure 5 North America Dominated the Hydrogen Energy StorageMarket in 2018
Figure 6 Gas Segment is Expected to Hold the Largest Share of the Market, By State, During the Forecast Period
Figure 7 Compression Segment is Expected to Lead the Market, By Capacity, During the Forecast Period
Figure 8 Industrial Segment is Expected to Lead the Market, By End-User, During the Forecast Period
Figure 9 Increase in Demand for Stored Hydrogen in Chemical Industry is Expected to Drive the Market, 2019–2024
Figure 10 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Gas Segment and Us Dominated the North America Market in 2018
Figure 12 Compression Segment is Expected to Dominate the Market, By Storage Technology, By 2024
Figure 13 Industrial Segment is Expected to Dominate the Market, By End-User, By 2024
Figure 14 World Supply of Ammonia, 2015–2020 (Thousand Tonnes
Figure 15 Fuel Cell Shipments By Application, 2014–2018
Figure 16 Renewable Net Capacity Addition By Resources (In Gw), 2011–2018
Figure 17 Stock of Fuel Cell Vehicles in 2017
Figure 18 Continued Dominance of Lithium-Ion
Figure 19 Gas Segment Accounted for the Largest Market Share in 2018
Figure 20 Compression Segment Accounted for the Largest MarketShare in 2018
Figure 21 Industrial Segment Accounted for the Largest Market Share in 2018
Figure 22 North America is the Fastest Growing Country in the Market
Figure 23 Hydrogen Energy Storage Market Share (Value), By Region, 2018
Figure 24 North America: Regional Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Key Developments in Market, During January 2015–August 2019
Figure 27 Market Share Analysis, 2018
Figure 28 Hydrogen Energy Storage Market (Global) Competitive Leadership Mapping, 2018
Figure 29 Air Liquide: Company Snapshot
Figure 30 Chart Industries: Company Snapshot
Figure 31 Hexagon Composites: Company Snapshot
Figure 32 ITN Power: Company Snapshot
Figure 33 Nel Hydrogen: Company Snapshot
Figure 34 Plug Power: Company Snapshot
Figure 35 Worthington Industries: Company Snapshot
Figure 36 Hydrogenics: Company Snapshot
Figure 37 Linde: Company Snapshot
Figure 38 Air Products and Chemicals: Company Snapshot
Figure 39 Mcphy Energy: Company Snapshot
Figure 40 Fuelcell Energy: Company Snapshot

This study involved four major activities in estimating the current size of the hydrogen energy storage market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as industry publications, several newspaper articles, Statista Industry Journal, Factiva, and hydrogen energy storage journal to identify and collect information useful for a technical, market-oriented, and commercial study of the hydrogen energy storage market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The hydrogen energy storage market comprise several stakeholders such as companies related to the industry, consulting companies in the energy and power sector, power generation companies, government & research organizations, organizations, forums, alliances & associations, hydrogen energy storage technology providers, state & national utility authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by capacity addition of liquid, gas, and solid-state hydrogen across the countries and regions considered under the scope. Also, estimation of investments by technology manufacturers in hydrogen energy storage technologies with respect to the new installations across countries and regions were considered. Moreover, the demand is also driven by an increase in demand for stored hydrogen for portable & stationary power application and transportation. The supply side is characterized by the increasing demand for contracts & agreements and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Hydrogen energy storage Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global hydrogen energy storage market and its dependent submarkets. These methods were also extensively used to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the hydrogen energy storage sector.

Report Objectives

  • To define, describe, segment, and forecast the hydrogen energy storage market based on state, storage technologies, end-user, and region
  • To provide detailed information on the significant factors influencing the growth of the hydrogen energy storage market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the hydrogen energy storage market for individual growth trends, prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and to provide a detailed competitive landscape for market leaders
  • To forecast the revenue of the market segments for five main regions (along with countries), namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze competitive developments such as new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions in the hydrogen energy storage market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
EP 7389
Published ON
Oct, 2019
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