Stationary Hydrogen Energy Storage Market Size - By Method (Compression, Liquefaction, Material-Based) & Forecast, 2024 – 2032

Stationary Hydrogen Energy Storage Market Size

Stationary Hydrogen Energy Storage Market size was assessed at USD 3.86 billion in 2023 and is projected to grow at a CAGR of 8.7% between 2024 and 2032. Innovations in hydrogen storage technologies, such as solid-state and liquid hydrogen storage, are enhancing efficiency and reducing costs. These advancements are critical for improving the performance and economic viability of hydrogen storage solutions. The push towards decarbonization and the integration of renewable energy sources is fueling demand for effective hydrogen storage solutions. Hydrogen is increasingly seen as a key component in balancing intermittent renewable energy sources and providing grid stability.
 

Substantial investments are being made in hydrogen infrastructure, including production, storage, and distribution facilities. This is supported by both public and private sector funding, aiming to scale up hydrogen storage capacities and reduce infrastructure costs. Governments and regulatory bodies are implementing policies and incentives to promote hydrogen energy. These include subsidies, tax incentives, and strategic frameworks to support the development and deployment of hydrogen storage technologies.
 

Stationary Hydrogen Energy Storage Market Trends

There is a growing trend towards strategic collaborations between industry leaders, technology providers, and research institutions. These partnerships are fostering innovation and accelerating the deployment of hydrogen storage solutions. Hydrogen energy storage is gaining traction due to its potential to reduce greenhouse gas emissions and provide a flexible energy storage solution. Its role in achieving net-zero targets is becoming increasingly recognized. The market is expanding globally, with significant growth observed in regions such as Europe, North America, and Asia-Pacific. This expansion is driven by regional initiatives and investments in hydrogen technology.
 

Stationary Hydrogen Energy Storage Market Analysis

Based on method, the stationary hydrogen energy storage market encompasses compression, liquefaction, and material-based. The compression segment is anticipated to exceed USD 6.5 billion by 2032. As hydrogen becomes a more prominent energy carrier, the need for efficient and scalable storage solutions is rising. Compression technology is essential for storing hydrogen at high pressures, making it more feasible for various applications.
 

Technological improvements in compression systems, such as enhanced efficiency, reduced energy consumption, and increased safety, are driving the growth of the compression segment. Innovations in materials and engineering are contributing to more reliable and cost-effective compression solutions.
 

The Asia Pacific stationary hydrogen energy storage market is anticipated to exceed USD 3.25 billion by 2032. The Asia-Pacific region is witnessing rapid development in hydrogen storage technologies, including innovations in high-pressure compression, liquefaction, and solid-state storage. These advancements aim to improve the efficiency, safety, and cost-effectiveness of hydrogen storage solutions. Governments across the Asia-Pacific region are implementing supportive policies and incentives to promote the adoption of hydrogen technologies. Initiatives include subsidies, tax incentives, and strategic frameworks designed to facilitate the development of hydrogen infrastructure and storage solutions.
 

The U.S. market is seeing substantial advancements in hydrogen storage technologies, such as high-pressure compression, liquefaction, and advanced solid-state storage solutions. These innovations are enhancing the efficiency, safety, and scalability of hydrogen storage systems. Federal and state governments are enacting supportive policies and regulations to encourage the development and adoption of hydrogen energy storage.
 

Stationary Hydrogen Energy Storage Market Share

Air Liquide has arisen as a key player in the stationary hydrogen energy storage industry, driven by its robust manufacturing capabilities, commitment to technological innovation, and strategic collaborations with top hydrogen producers. Air Liquide’s emphasis on transformation has led to the development of enhanced hydrogen energy storage technologies that encourage the bolstering demand for eco-friendly and high-performance power solutions.
 

Stationary Hydrogen Energy Storage Market Companies

Top companies operating in the stationary hydrogen energy 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
   

Stationary Hydrogen Energy Storage Industry News

• In May 2021, Gravitricity has launched a stored energy demonstrator that improves its underground hydrogen storage compentencies by combining hydrogen and heat storage with its gravity energy system. This initiative aims to meet the rising demand for cost-effective and secure hydrogen storage and renewable energy solutions.
   
• In September 2020, Air Products and Chemicals, Inc. has teamed up with the European Clean Hydrogen Alliance to help drive the region's shift toward a competitive and sustainable economy. This collaboration is focused on bolstering Europe's position as a leader in hydrogen, positioning the groundwork for a robust EU stationary hydrogen network. The partnership enhances the company's presence in the region and further cements its leadership in the hydrogen industry.
   

The stationary hydrogen energy storage market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

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Market, By Method

• Compression
• Liquefaction
• Material-Based

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
• Rest of World