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Industrial Hydrogen Energy Storage Market Share

Report ID: GMI11004
Published Date: Aug 2024
Report Format: PDF

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Industrial Hydrogen Energy Storage Market Share

Air Liquide has established itself as a key player in the industrial hydrogen energy storage industry, driven by its robust production capabilities, dedication to technological advancement, and strategic collaborations with leading hydrogen producers. The company’s focus on innovation has led to the creation of cutting-edge hydrogen energy storage technologies that address the growing need for high-performance and eco-friendly power solutions.

Industrial Hydrogen Energy Storage Market Companies

Major companies operating in the industrial hydrogen energy storage industry are:

Air Liquide
Air Products and Chemicals, Inc.
Cockerill Jingli Compressed hydrogen
ENGIE
FuelCell Energy, Inc.
GKN Compressed Hydrogen
Gravitricity Ltd
ITM Power PLC
Linde plc
McPhy Energy S.A.
Nel ASA
SSE

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of industrial hydrogen energy storage reached USD 11.2 billion in 2023 and is set to grow at 7.8% CAGR during 2024-2032, led by the need to reduce carbon emissions.

The material-based segment is set to surpass USD 450 million by 2032, as it offers high storage densities and stability, which are critical for efficient and safe hydrogen storage.

Asia Pacific market is anticipated to exceed USD 11.9 billion by 2032, driven by heavy investment in developing hydrogen infrastructure, including production, storage, and distribution networks.

Air Liquide, Air Products and Chemicals, Inc, Cockerill Jingli Compressed hydrogen, ENGIE, FuelCell Energy, Inc, GKN Compressed Hydrogen, Gravitricity Ltd among others.