Global Hydrogen Energy Storage Market Size Study & Forecast, by Technology (Compression, Liquefaction) and Application (Residential, Commercial) and Regional Forecasts 2025-2035

Description

The Global Hydrogen Energy Storage Market is valued at approximately USD 16.62 billion in 2024 and is projected to expand at a CAGR of 4.50% throughout the forecast period of 2025-2035, with historical data analyzed for 2023 and 2024 and 2024 designated as the base year for estimation. Hydrogen energy storage has rapidly emerged as a strategic pillar within the broader clean energy ecosystem, as it allows surplus renewable power to be converted into storable chemical energy and deployed on demand. By bridging the intermittency gap associated with solar and wind generation, hydrogen storage systems are increasingly being written into national energy transition strategies, particularly as grid operators and policymakers scale up long-duration energy storage infrastructure.

Market growth is being driven by a confluence of accelerating renewable capacity additions, heightened energy security concerns, and intensifying decarbonization mandates across major economies. As governments and private stakeholders double down on hydrogen roadmaps, investments are being channeled into compression, liquefaction, and material-based storage technologies to improve volumetric density and cost efficiency. Advancements in electrolyzer performance, declining renewable power costs, and the rise of green hydrogen projects are collectively pushing adoption forward. However, capital-intensive infrastructure requirements and efficiency losses across storage and reconversion stages continue to temper growth, even as long-term strategic value outweighs near-term constraints during the forecast period of 2025-2035.

The detailed segments and sub-segments included in the report are:

By Technology:

Compression
Liquefaction

By Physical State:

Solid
Liquid
Gas

By Application:

Residential
Commercial

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Compression-based hydrogen storage is expected to dominate the market over the forecast horizon, as it continues to be the most commercially deployed and technologically mature solution across residential and small-scale commercial applications. Compressed hydrogen systems benefit from relatively simpler infrastructure requirements and established safety standards, which makes them easier to roll out alongside distributed energy systems. While liquefaction technologies are gaining visibility-particularly for large-scale and long-distance energy transport-compression remains the preferred option due to lower upfront complexity and faster deployment timelines.

From a revenue perspective, gaseous hydrogen storage currently leads the market, accounting for the largest share of global revenues. Gas-phase storage is widely adopted across pilot projects, refueling infrastructure, and decentralized energy systems, driven by its compatibility with compression technologies and existing handling frameworks. Liquid and solid-state storage solutions, although smaller in current revenue contribution, are emerging as high-potential segments. Liquid hydrogen is being increasingly explored for bulk transport and industrial-scale storage, while solid-state solutions are drawing R&D interest for their safety and energy density advantages, positioning them as longer-term growth opportunities.

The key regions considered for the Global Hydrogen Energy Storage Market include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe currently holds a leading position, supported by robust hydrogen strategies, cross-border energy collaboration, and strong funding mechanisms aimed at scaling green hydrogen infrastructure. North America follows closely, driven by federal incentives, private sector innovation, and expanding hydrogen hubs across the United States. Asia Pacific is expected to witness the fastest growth over the forecast period, as countries such as Japan, South Korea, China, and Australia aggressively invest in hydrogen supply chains to enhance energy resilience and meet net-zero targets. Meanwhile, the Middle East & Africa and Latin America are gradually emerging as strategic production and storage hubs, leveraging abundant renewable resources and export-oriented hydrogen ambitions.

Major market players included in this report are:

Air Liquide
Linde plc
Siemens Energy AG
Cummins Inc.
Nel ASA
Plug Power Inc.
Shell plc
Air Products and Chemicals, Inc.
Engie SA
ITM Power plc
Mitsubishi Heavy Industries, Ltd.
Hexagon Purus
Hydrogenics Corporation
Toshiba Corporation
Bloom Energy Corporation

Global Hydrogen Energy Storage Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast their values over the coming decade. The report is designed to blend qualitative insights with quantitative analysis, capturing how technology maturity, regulatory momentum, and infrastructure readiness are shaping the future of the Global Hydrogen Energy Storage Market. It further identifies critical growth drivers, challenges, and emerging opportunities, while offering a comprehensive competitive assessment and strategic overview of key players operating across the hydrogen value chain.

Key Takeaways:

Market estimates and forecasts for 10 years from 2025 to 2035.
Annualized revenue and regional-level analysis for each market segment.
Detailed geographical insights with country-level evaluation.
Competitive landscape analysis covering major industry participants.
Strategic recommendations for long-term market positioning.
Comprehensive demand-side and supply-side assessment of the market.

Chapter 1. Global Hydrogen Energy Storage Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Hydrogen Energy Storage Market Forces Analysis

3.1. Market Forces Shaping The Global Hydrogen Energy Storage Market (2024-2035)
3.2. Drivers
- 3.2.1. Surging confluence of accelerating renewable capacity additions
- 3.2.2. heightened energy security concerns
3.3. Restraints
- 3.3.1. capital-intensive infrastructure requirements
3.4. Opportunities
- 3.4.1. intensifying decarbonization mandates

Chapter 4. Global Hydrogen Energy Storage Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Hydrogen Energy Storage Market Size & Forecasts by Technology 2025-2035

5.1. Market Overview
5.2. Global Hydrogen Energy Storage Market Performance - Potential Analysis (2025)
5.3. Compression
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Liquefaction
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Hydrogen Energy Storage Market Size & Forecasts by Physical State 2025-2035

6.1. Market Overview
6.2. Global Hydrogen Energy Storage Market Performance - Potential Analysis (2025)
6.3. Solid
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Liquid
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Gas
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Hydrogen Energy Storage Market Size & Forecasts by Application 2025-2035

7.1. Market Overview
7.2. Global Hydrogen Energy Storage Market Performance - Potential Analysis (2025)
7.3. Residential
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Commercial
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Hydrogen Energy Storage Market Size & Forecasts by Region 2025-2035

8.1. Growth Hydrogen Energy Storage Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Hydrogen Energy Storage Market
- 8.3.1. U.S. Hydrogen Energy Storage Market
  - 8.3.1.1. Technology breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Hydrogen Energy Storage Market
  - 8.3.2.1. Technology breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe Hydrogen Energy Storage Market
- 8.4.1. UK Hydrogen Energy Storage Market
  - 8.4.1.1. Technology breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Hydrogen Energy Storage Market
  - 8.4.2.1. Technology breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France Hydrogen Energy Storage Market
  - 8.4.3.1. Technology breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Hydrogen Energy Storage Market
  - 8.4.4.1. Technology breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Hydrogen Energy Storage Market
  - 8.4.5.1. Technology breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Hydrogen Energy Storage Market
  - 8.4.6.1. Technology breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Hydrogen Energy Storage Market
- 8.5.1. China Hydrogen Energy Storage Market
  - 8.5.1.1. Technology breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India Hydrogen Energy Storage Market
  - 8.5.2.1. Technology breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Hydrogen Energy Storage Market
  - 8.5.3.1. Technology breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Hydrogen Energy Storage Market
  - 8.5.4.1. Technology breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Hydrogen Energy Storage Market
  - 8.5.5.1. Technology breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Hydrogen Energy Storage Market
  - 8.5.6.1. Technology breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America Hydrogen Energy Storage Market
- 8.6.1. Brazil Hydrogen Energy Storage Market
  - 8.6.1.1. Technology breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Hydrogen Energy Storage Market
  - 8.6.2.1. Technology breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Hydrogen Energy Storage Market
- 8.7.1. UAE Hydrogen Energy Storage Market
  - 8.7.1.1. Technology breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Hydrogen Energy Storage Market
  - 8.7.2.1. Technology breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Hydrogen Energy Storage Market
  - 8.7.3.1. Technology breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Physical State breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Air Liquide
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Linde plc
9.4. Siemens Energy AG
9.5. Cummins Inc.
9.6. Nel ASA
9.7. Plug Power Inc.
9.8. Shell plc
9.9. Air Products and Chemicals, Inc.
9.10. Engie SA
9.11. ITM Power plc
9.12. Mitsubishi Heavy Industries, Ltd.
9.13. Hexagon Purus
9.14. Hydrogenics Corporation
9.15. Toshiba Corporation
9.16. Bloom Energy Corporation