Hydrogen Storage Market to Grow by 5.31% from 2022 to 2027|Air Products and Chemicals Inc., Air Liquide SA, American Elements, and more to emerge as key players -Technavio

NEW YORK, July 13, 2023 /PRNewswire/ -- The hydrogen storage market is estimated to grow at a CAGR of 5.31% between 2022 and 2027. The size of the market is forecast to increase by USD 3,884.93 million, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including - Air Products and Chemicals Inc., Air Liquide SA, American Elements, Calvera Maquinaria e Instalaciones S.L., Chart Industries Inc., Cummins Inc., HBank Technologies Inc., Hexagon Composites ASA, HPS Home Power Solutions GmbH, Hydrexia, Hydrogen In Motion Inc., Inox Leasing and Finance Ltd., Linde Plc, Luxfer Holdings Plc, McPhy Energy SA, Plug Power Inc., Pragma Industries SAS, Quantum Fuel Systems Technologies Worldwide Inc., SAS HySiLabs, and Worthington Industries Inc. View Sample Report!

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Hydrogen Storage Market Insights -

• Vendors: 15+, Air Products and Chemicals Inc., Air Liquide SA, American Elements, Calvera Maquinaria e Instalaciones S.L., Chart Industries Inc., Cummins Inc., HBank Technologies Inc., Hexagon Composites ASA, HPS Home Power Solutions GmbH, Hydrexia, Hydrogen In Motion Inc., Inox Leasing and Finance Ltd., Linde Plc, Luxfer Holdings Plc, McPhy Energy SA, Plug Power Inc., Pragma Industries SAS, Quantum Fuel Systems Technologies Worldwide Inc., SAS HySiLabs, and Worthington Industries Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (physical and material-based), Application (chemicals, oil refining, industrial, and others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

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Major Drivers -The rising use of hydrogen storage tanks in transportation applications drives market growth. Some of the main options for storing hydrogen in transportation applications include compressed gas, liquid hydrogen, metal hydride, and chemical carrier. In comparison to other fuels, hydrogen has the highest mass and thus hydrogen storage plays a vital role in the development of hydrogen and fuel cell technologies in areas including fixed electricity, portable power, and mobility. Furthermore, there is an increasing demand for hydrocarbons as there is a limited supply of economically usable hydrocarbon resources globally. Hence, such factors are expected to drive market growth during the forecast period.

Significant Trends - Price reduction of fuel cells is a primary trend in the market.

Key challenges - The limited availability of hydrogen refueling infrastructure is expected to significantly hinder market growth during the forecast period. 

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a  sample report!

The hydrogen storage market report provides critical information and factual data, with a qualitative and quantitative market study based on market drivers, limitations, and future prospects.

What are the key data covered in this Hydrogen Storage Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Hydrogen Storage Market between 2023 and 2027
• Precise estimation of the size of the Hydrogen Storage Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Hydrogen Storage Market industry across APAC, North America, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Hydrogen Storage Market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global hydrogen storage market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global hydrogen storage market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Physical - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Physical - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Physical - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Physical - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Physical - Year-over-year growth 2022-2027 (%)

• 6.4 Material-based - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Material-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Material-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Material-based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Material-based - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Chemicals - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Chemicals - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Chemicals - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)

• 7.4 Oil refining - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Oil refining - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Oil refining - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Oil refining - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Oil refining - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Air Products and Chemicals Inc. 
• Exhibit 116: Air Products and Chemicals Inc. - Overview
• Exhibit 117: Air Products and Chemicals Inc. - Business segments
• Exhibit 118: Air Products and Chemicals Inc. - Key news
• Exhibit 119: Air Products and Chemicals Inc. - Key offerings
• Exhibit 120: Air Products and Chemicals Inc. - Segment focus

• 12.4 Air Liquide SA
• Exhibit 121: Air Liquide SA - Overview
• Exhibit 122: Air Liquide SA - Business segments
• Exhibit 123: Air Liquide SA - Key news
• Exhibit 124: Air Liquide SA - Key offerings
• Exhibit 125: Air Liquide SA - Segment focus

• 12.5 American Elements
• Exhibit 126: American Elements - Overview
• Exhibit 127: American Elements - Product / Service
• Exhibit 128: American Elements - Key offerings

• 12.6 Calvera Maquinaria e Instalaciones S.L. 
• Exhibit 129: Calvera Maquinaria e Instalaciones S.L. - Overview
• Exhibit 130: Calvera Maquinaria e Instalaciones S.L. - Product / Service
• Exhibit 131: Calvera Maquinaria e Instalaciones S.L. - Key offerings

• 12.7 Chart Industries Inc. 
• Exhibit 132: Chart Industries Inc. - Overview
• Exhibit 133: Chart Industries Inc. - Business segments
• Exhibit 134: Chart Industries Inc. - Key news
• Exhibit 135: Chart Industries Inc. - Key offerings
• Exhibit 136: Chart Industries Inc. - Segment focus

• 12.8 Cummins Inc.
• Exhibit 137: Cummins Inc. - Overview
• Exhibit 138: Cummins Inc. - Business segments
• Exhibit 139: Cummins Inc. - Key offerings
• Exhibit 140: Cummins Inc. - Segment focus

• 12.9 Hexagon Composites ASA 
• Exhibit 141: Hexagon Composites ASA - Overview
• Exhibit 142: Hexagon Composites ASA - Business segments
• Exhibit 143: Hexagon Composites ASA - Key offerings
• Exhibit 144: Hexagon Composites ASA - Segment focus

• 12.10 Hydrogen In Motion Inc. 
• Exhibit 145: Hydrogen In Motion Inc. - Overview
• Exhibit 146: Hydrogen In Motion Inc. - Product / Service
• Exhibit 147: Hydrogen In Motion Inc. - Key offerings

• 12.11 Inox Leasing and Finance Ltd. 
• Exhibit 148: Inox Leasing and Finance Ltd. - Overview
• Exhibit 149: Inox Leasing and Finance Ltd. - Product / Service
• Exhibit 150: Inox Leasing and Finance Ltd. - Key offerings

• 12.12 Linde Plc
• Exhibit 151: Linde Plc - Overview
• Exhibit 152: Linde Plc - Business segments
• Exhibit 153: Linde Plc - Key news
• Exhibit 154: Linde Plc - Key offerings
• Exhibit 155: Linde Plc - Segment focus

• 12.13 Luxfer Holdings Plc
• Exhibit 156: Luxfer Holdings Plc - Overview
• Exhibit 157: Luxfer Holdings Plc - Business segments
• Exhibit 158: Luxfer Holdings Plc - Key offerings
• Exhibit 159: Luxfer Holdings Plc - Segment focus

• 12.14 McPhy Energy SA
• Exhibit 160: McPhy Energy SA - Overview
• Exhibit 161: McPhy Energy SA - Product / Service
• Exhibit 162: McPhy Energy SA - Key offerings

• 12.15 Plug Power Inc.
• Exhibit 163: Plug Power Inc. - Overview
• Exhibit 164: Plug Power Inc. - Product / Service
• Exhibit 165: Plug Power Inc. - Key offerings

• 12.16 Pragma Industries SAS 
• Exhibit 166: Pragma Industries SAS - Overview
• Exhibit 167: Pragma Industries SAS - Product / Service
• Exhibit 168: Pragma Industries SAS - Key offerings

• 12.17 Worthington Industries Inc. 
• Exhibit 169: Worthington Industries Inc. - Overview
• Exhibit 170: Worthington Industries Inc. - Business segments
• Exhibit 171: Worthington Industries Inc. - Key offerings
• Exhibit 172: Worthington Industries Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations
• Exhibit 179: List of abbreviations

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