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Hydrogen Storage Market by Storage Form, Type of Storage, Application, and Region - Global Forecast to 2026

Hydrogen Storage Market: Global Forecast until 2026

  • January 2017
  • 142 pages
  • ID: 4604332
In this report:
The physical form of the hydrogen storage market is expected to grow faster than the material-based form during the forecast period; the overall hydrogen storage market was estimated to be USD ##.## million in 2015 and is expected to reach USD ##.## million by 2021, at a CAGR of ##.##%.
The physical hydrogen storage market in the Rest of Latin America region, which consists of small but important markets such as Argentina, Colombia, and Venezuela was estimated to be ##.## USD million, in 2015, and is expected to reach USD ##.## million, by 2021, at a CAGR of ##.##%.

Summary

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"Growth in consumption of transportation fuels to drive the hydrogen storage market"

The hydrogen storage market was estimated at $415.80M in 2015 and is projected to extend $969.60M by 2026, recording a compound annual growth rate (CAGR) of 8.10 percent between 2016 and 2026. The industry is largely driven by the transportation application in regions including Europe and North America (NA). Additionally, the growing awareness and use of cleaner, carbon free, and low emission fuels are fueling the demand of hydrogen storage. Nevertheless, the sales of fuel cells may decrease due to the limited availability of hydrogen refilling infrastructure in developing and some parts of developed economies, which will hamper the hydrogen storage market increase.

"Transportation sector is the quickest-increasing application segment of the hydrogen storage market"

Increase in demand for hydrogen powered cars in North America continent and Europe (EU) driven by the availability of hydrogen filling infrastructure, and stringent regulations on the use of low emission generating vehicles are driving the rise of the hydrogen storage market. Increase in applications of fuels cells in other means of transportation, including buses, ships & boats, unmanned vehicles, and bicycles is also growing the industry demand for hydrogen storage.

"Asia Pacific (APAC) to lead the hydrogen storage market during the outlook period"

China (CN) is the biggest market for hydrogen storage, globally. The primary drivers for the forecasted increase of the Asia-Pacific market are rise in consumption of gasoline and diesel in developing countries, including Indonesia, Malaysia (MY), and India (IN) among others; use of methanol in gasoline; stringent emission regulations in South Korea (KR) and Japan (JP); and increase in demand of ammonia for manufacturing fertilizers in China (CN), India (IN), and other South East Asian countries.

In the process of finding out and checking the market value for the different segments and sub-segments collected by secondary research, extensive primary audit sessions were conducted as follows:

- By Company Type: Tier 1 (60.0 percent), Tier 2 (25.0 percent), and 1/3 3 (15.0 percent).

- By Designation: C-level (25.0 percent), Director Level (55.0 percent), and Others (20.0 percent).

- By area: North america (NA) (15.0 percent), Europe (35.0 percent), Asia-Pacific (25.0 percent), Middle East & Africa (15.0 percent), and Latin America (10.0 percent)

Several main actors decribed in the industry report contain Air Liquide, Linde AG, Praxair, Incorporated, Worthington Sectors, Incorporated, Luxfer Holdings Plc, McPhy Energy S.A., HBank Technologies Inc., INOXCVA, VRV S.p.A., and Hexagon Composites ASA

Segment Research

This business report includes the hydrogen storage market, in terms value, and forecasts the market value until 2026. The study includes the market segmentation established on form of storage, type of storage, end-use application, and area. It also offers company analysis and competitive landscape approved by the key industry players in the overall hydrogen storage market.

Why acquiring this study can help you:

This market research is mostly focused on different levels of analysis-industry trends, market share study of main actors, supply chain research, and company descriptions, which together comprise and examine the global views on the competitive landscape; coming out and high-growth segments of the hydrogen storage market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on top manufacturers of hydrogen storage market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the hydrogen storage market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the sector for hydrogen storage

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall hydrogen storage market

Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the hydrogen storage market.

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