Hydrogen energy storage market by state, technology,

Dublin, Sept. 22, 2022 (GLOBE NEWSWIRE) — “Global Hydrogen Energy Storage Market by State (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material-Based), Application (Stationary Power, Transportation), End by user (Electric Utilities, Industrial, Commercial), Region – Forecast to 2027” added report ResearchAndMarkets.com offer.

The global hydrogen energy storage market is expected to reach USD 119.2 billion by 2027, from an estimated market size of USD 13.8 billion in 2022, at a CAGR of 54.0% during the forecast period.

The market has promising growth potential due to several factors including the role of hydrogen energy storage in reducing carbon emissions and the rise in fuel cell electric vehicles and hydrogen storage infrastructure is driving the hydrogen energy storage market.

Gas: The fastest growing segment of the hydrogen energy storage market by state

Hydrogen as a gas is colorless, flammable and the lightest of all other elements. It is used in the production of synthetic ammonia and methanol, in oil refining, in the hydrogenation of organic materials, and in rocket fuel. Hydrogen has the highest energy per mass of all fuels. However, its low ambient temperature density results in low energy per unit volume, necessitating the development of advanced storage methods that have the potential for higher energy density.

Compression: The fastest growing segment of the hydrogen energy storage market by technology

The compression segment of the hydrogen energy storage market will be the fastest growing segment during the forecast period. The compression segment mainly caters to end users such as industrial sectors. Compression is the simple and cost-effective storage of hydrogen using compression technology is likely to drive demand in the hydrogen energy storage market.

Transportation: The fastest growing segment of the hydrogen energy storage market by application

The transportation segment of the hydrogen energy storage market will be the fastest growing segment during the forecast period. Fuel cell vehicle applications include the use of fuel cells in forklifts and other cargo handling vehicles such as airport baggage trucks, light duty vehicles (LDVs) such as cars and vans, buses and trucks, trains and trams, ferries and smaller vehicles. boats Focusing on the decarbonization of the transport sector will contribute to the growth of the market.

Europe: The fastest growing region in the hydrogen energy storage market

The European region is expected to be the fastest growing market during the forecast period. The growth of the European hydrogen energy storage market is expected to be driven by the increase in the number of electric vehicles based on fuel cells and hydrogen storage infrastructure.

Key topics covered:

1. Introduction

2 Research methodology

3 Summary

4 premium insights
4.1 Attractive market opportunities
4.2 Market by region
4.3 European market by end user and country
4.4 Market by state
4.5 Market by program
4.6 Market by End User

5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Increased demand for hydrogen in the industrial sector
5.2.1.2 Growing demand for hydrogen in stationary and mobile energy systems
5.2.1.3 Development of hydrogen infrastructure in different countries
5.2.2 Limitations
5.2.2.1 High capital costs associated with hydrogen energy storage
5.2.3 Opportunities
5.2.3.1 Growing commercialization of electricity-to-gas conversion technologies
5.2.3.2 Increasing demand for hydrogen as a vehicle fuel
5.2.3.3 Strengthening of government initiatives to support the development of the hydrogen economy
5.2.4 Challenges
5.2.4.1 Increasing investments in battery storage technologies
5.2.4.2 Technical problems related to the production of energy from hydrogen
5.3 Impact of COVID-19
5.4 Trends/Disruptions Affecting Customers’ Businesses
5.4.1 Change in income and new sources of income in the market
5.5 Analysis of pricing
5.5.1 Indicative analysis of pricing
5.6 Value chain analysis
5.7 Technological analysis
5.8 Trade analysis
5.9 Key conferences and events, 2022-2023
5.10 Market map
5.11 Innovations and Patent Registration
5.12 Analysis of the example
5.12.1 with renewable hydrogen technology, the Electric Hydrogen Partnership hopes to repeat its success
5.13 Tariffs and regulatory framework
5.14 Analysis of Porter’s five forces
5.15 Key Stakeholders and Purchase Criteria

6 Hydrogen energy storage market by country
6.1 Introduction
6.2 Gas
6.2.1 Storage of hydrogen in gaseous form is cost-effective
6.3 Liquid
6.3.1 Liquid hydrogen has high energy density and wide industrial applications
6.4 Solid
6.4.1 Large amounts of hydrogen can be stored in smaller volumes in solid form

7 Hydrogen energy storage market by technology
7.1 Introduction
7.2 Compression
7.2.1 Compression is a simple and cost-effective hydrogen storage technology
7.3 Dilution
7.3.1 Greater storage volume and lower evaporation losses to drive demand for liquefaction
7.4 Material basis
7.4.1 Higher hydrogen storage capacity and greater reliability of materials-based hydrogen storage technology likely to drive demand
7.4.2 Metal hydrides
7.4.2.1 Metal hydrides help store hydrogen in place for long periods of time
7.4.3 Carbon absorption
7.4.3.1 The high strength of the interaction between a carbon atom and a hydrogen molecule ensures the efficient storage of hydrogen energy

8 Hydrogen Energy Storage Market, by Application
8.1 Introduction
8.2 Stationary power
8.2.1 Application of Hydrogen Fuel Cells for Backup Power Generation During Grid Outages to Drive Market Growth
8.3 Transportation
8.3.1 Focus on decarbonising the transport sector to drive market growth

9 Hydrogen Energy Storage Market by End User
9.1 Introduction
9.2 Power supply
9.2.1 Growth of electricity generation from renewable sources to increase demand for hydrogen energy storage systems
9.3 Industrial
9.3.1 Growing use of hydrogen in the chemical industry to drive demand for hydrogen storage systems
9.4 Commercial
9.4.1 Use of hydrogen for heating commercial premises for the development of the commercial segment

10 Regional analysis

11 Competitive landscape
11.1 Overview
11.2 Share Analysis of Key Players, 2021
11.3 Structure of market evaluation
11.4 Segment analysis of revenue of leading market players
11.5 Recent events
11.5.1 Agreements
11.5.2 Others
11.6 Maps of competitive leadership
11.6.1 Star
11.6.2 Appearance of the leader
11.6.3 Common
11.6.4 Participant
11.7 Startup/Small Business Assessment Quadrant, 2021
11.7.1 Progressive Company
11.7.2 Responsive Company
11.7.3 Dynamic Company
11.7.4 Starting unit
11.8 Competitive Benchmarking

12 Company profiles
12.1 Key Players
12.1.1 Siemens Energy
12.1.2 Linde plc
12.1.3 Engie
12.1.4 Air Liquide
12.1.5 Air Products Inc.
12.1.6 Industry diagram
12.1.7 In Asa
12.1.8 Pure hexagon
12.1.9 Fuelcell Energy Inc.
12.1.10 Itm Power
12.1.11 Hydrogenious Lohc technologies
12.1.11.1 Overview of activities and finances
12.1.12 Genh2
12.1.13 Hygear
12.1.14 Hps Home Power Solutions GmbH
12.1.15 Hydrogen in motion
12.2 Other Players
12.2.1 Pragma Industries
12.2.2 Inox India Pvt Ltd
12.2.3 Jingly Hydrogen Rooster
12.2.4 Power from the outlet
12.2.5 Mcphy Energy SA

13 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/shkcaq

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