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Material-Based Hydrogen Energy Storage Market Share

Report ID: GMI10917
Published Date: Aug 2024
Report Format: PDF

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Material-Based Hydrogen Energy Storage Market Share

Material-Based Hydrogen Energy Storage Company Market Share Analysis, 2023

Air Liquide has emerged as a leading player in the Asia-Pacific material-based hydrogen energy storage industry, thanks to its strong production capabilities, commitment to technological innovation, and strategic partnerships with top hydrogen producers. The company’s emphasis on innovation has resulted in the development of advanced hydrogen energy storage technologies that meet the increasing demand for high-performance and environmentally sustainable power solutions.

Material-Based Hydrogen Energy Storage Market Companies

Eminent players operating in the material-based hydrogen storage industry include:

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 material-based hydrogen energy storage was worth over USD 288.6 million in 2023 and will expand at a 12.1% CAGR between 2024 and 2032, owing to increasing investments in renewable energy and the need for efficient energy storage solutions.

Material-based hydrogen energy storage market from the transportation segment will surpass USD 70 million by 2032, propelled by the growing adoption of hydrogen fuel cell vehicles.

Asia Pacific material-based hydrogen energy storage industry will cross over USD 185.5 million by 2032, due to rapid industrialization and strong government support for clean energy initiatives.

Major players including 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, and SSE, are operating in the material-based hydrogen energy storage industry.