Market Research Report
Hydrogen Storage: Materials, Technologies and Global Markets
|Published by||BCC Research||Product code||547927|
|Published||Content info||163 Pages
Delivery time: 1-2 business days
|Hydrogen Storage: Materials, Technologies and Global Markets|
|Published: August 22, 2017||Content info: 163 Pages||
The global hydrogen storage materials and technologies market reached $3.6 billion in 2016. The market should reach nearly $5.4 billion by 2021, growing at a compound annual growth rate (CAGR) of 8.1% from 2016 to 2021.
Hydrogen is identified as a key future energy source. However, storing hydrogen can be a challenge and requires development of advanced storage methods. Hence, the hydrogen storage space requires the presence of companies that are specialized in various hydrogen storage technologies. BCC Research defines hydrogen storage technologies as various forms of materials, storage media and technology used to store hydrogen in a form that can be used as energy source as and when required.
Hydrogen can be stored physically or can be stored using chemical or material-based methods. Physical storage currently dominates the market, and in physical form, hydrogen can be stored as either a gas or a liquid. Materials-based hydrogen storage includes metal hydride, chemical hydrogen storage and sorbent materials.
Hydrogen storage is the key enabling technology for the advancement of hydrogen and fuel cell technologies in various end-user industries such as chemicals, oil refining, metal processing, and transportation. Of these, the chemicals end-user segment accounts for the majority of the market; however, the transportation end-user segment is witnessing the strongest growth in all geographical regions.
To calculate and segment the market, BCC Research has considered physical, chemical and material-based storage technologies for the hydrogen storage market. Along with product and solutions revenue, BCC Research has also considered services revenue that a company reports within its total revenue. The report includes distinct types of companies such as:
However, stand-alone service providers that most often provide post-sales services are out of the scope of this report. Services that are not directly related to hydrogen storage technologies such as education, consulting, training, etc., are beyond the scope of this report. Further, other forms of energy storage providers (companies) are beyond the scope of this report and hence are not covered.
The report begins by introducing the reader to how the market for hydrogen storage materials and technologies has evolved over time and how various factors impact the market. Building on this, the study proceeds to identify the following:
Ritam Biswas has more than 10 years of experience in the market research and financial research space and has written and consulted on several research and advisory projects in various technology verticals. He has worked as a team leader and lead analyst in several technology businesses and has written numerous reports in areas such as disruptive technology, innovative and new technologies, advanced end-user computing, cloud security, virtualization security, mobile security and deep packet inspection.