Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Hydrogen Energy Storage Market

Hydrogen Energy Storage Market Share

Report ID: GMI5692
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Hydrogen Energy Storage Market Share

Global Hydrogen Energy Storage Company Market Share Analysis, 2024

Air Liquide has become a significant force in the hydrogen energy storage industry, supported by its strong production capacity, commitment to advancing technology, and strategic partnerships with major hydrogen producers. Its emphasis on innovation has resulted in the development of advanced hydrogen energy storage solutions designed to meet the increasing demand for efficient and environmentally friendly power systems.

Hydrogen Energy Storage Market Companies

Some of the major key players operating across the hydrogen energy storage industry are:

Air Liquide
Air Products
Cockerill Jingli Hydrogen
Engie
FuelCell Energy
GKN Hydrogen
Gravitricity
Hydrogen in Motion
ITM Power
Linde
McPhy Energy
Nel
SSE

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The global market for hydrogen energy storage was reached USD 18.4 billion in 2024 and is expected to grow at a CAGR of 8.7% from 2025 to 2034, driven by the growing adoption of renewable energy sources like solar and wind.

The liquefaction segment is expected to reach USD 6.2 billion by 2034, due to its high energy density and suitability for large-scale applications.

The industrial segment is projected to expand at a CAGR of over 7.7% through 2034 as industries prioritize decarbonization and energy efficiency.

The U.S. hydrogen energy storage market is projected to exceed USD 5.4 billion by 2034, led by increasing investments in renewable energy and decarbonization efforts.

Key players in the hydrogen energy storage industry include Air Liquide, Air Products, Cockerill Jingli Hydrogen, Engie, FuelCell Energy, GKN Hydrogen, Gravitricity, Hydrogen in Motion, ITM Power, Linde, McPhy Energy, Nel, and SSE.