Hydrogen Storage Market, By Form, By Type, By Application, By Geography

Description

Global Hydrogen Storage Market is estimated to be valued at USD 1.97 Bn in 2025 and is expected to reach USD 8.50 Bn by 2032, growing at a compound annual growth rate (CAGR) of 23.2% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 1.97 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	23.20%	2032 Value Projection:	USD 8.50 Bn

Figure. Hydrogen Storage Market Share (%), By Region 2025

pHydrogen storage refers to techniques that bind hydrogen to lightweight materials in order to increase the gravimetric or volumetric density of hydrogen to enable hydrogen dispensing. Hydrogen storage technologies help address challenges related to limits of onboard capacity and ensure smooth operations in the mobility sector. Growing demand for hydrogen storage systems from the transportation industry is expected to drive the market during the forecast period. Furthermore, policies and initiatives supporting hydrogen as an alternative fuel for automobiles would positively impact the hydrogen storage industry. Government mandates and targets related to carbon emission reduction along with technological advancements are anticipated to offer new growth opportunities for hydrogren storage technology providers globally.

Market Dynamics

The global hydrogen storage market is driven by several factors, such as growing demand for fuel cell vehicles, support through government policies and initiatives, and ongoing technological advancements in hydrogen storage technologies. Fuel cell vehicles run on hydrogen and emit only water, making them more environment-friendly compared to conventional fuel-powered vehicles. Therefore, rising focus on developing hydrogen infrastructure to support fuel cell vehicles will augment the need for effective hydrogen storage systems during the forecast period. However, high costs associated with hydrogen storage tanks and lack of hydrogen fueling stations currently inhibit the large-scale adoption of this technology. On the positive side, ongoing R&D efforts to reduce costs and improve storage capacity and efficiency open up new opportunities.

Key Features of the Study

This report provides an in-depth analysis of the global hydrogen storage market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hydrogen storage market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Air Liquide, Air Products and Chemicals, Inc., Hexagon Purus, Worthington Industries, Inc., Linde plc, Luxfer Holdings PLC, Chart Industries , INOXCVA, HBank Technologies Inc., Pragma Industries
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hydrogen storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydrogen storage market

Detailed Segmentation:

Form:
- Physical Storage
- Material-based Storage
Type:
- Cylinder
- Merchant/Bulk
- Onsite
- On-Board
Application:
- Oil Refineries
- Chemicals
- Industrial
- Automotive & Transportation
- Others (Metalworking, etc.)
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Air Liquide
- Air Products and Chemicals, Inc.
- Hexagon Purus
- Worthington Industries, Inc.
- Linde plc
- Luxfer Holdings PLC
- Chart Industries
- INOXCVA
- HBank Technologies Inc.
- Pragma Industries

Product Code: CMI6823

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Form
- Market Snippet, By Type
- Market Snippet, By Application
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Hydrogen Storage Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Hydrogen Storage Market - COVID-19
Impact Analysis

5. Global Hydrogen Storage Market, By Form, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Physical Storage
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Material-based Storage
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends

6. Global Hydrogen Storage Market, By Type, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Cylinder
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Merchant/Bulk
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Onsite
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
On-Board
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends

7. Global Hydrogen Storage Market, By Application, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Oil Refineries
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Chemicals
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Industrial
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Automotive & Transportation
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Others (Metalworking, etc.)
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends

8. Global Hydrogen Storage Market, By Region, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Form, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Form, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Form, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Form, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
- Market Size and Forecast, By Form, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Type, 2020- 2032 (US$ Bn)
- Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Air Liquide
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Air Products and Chemicals, Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Hexagon Purus
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Worthington Industries, Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Linde plc
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Luxfer Holdings PLC
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Chart Industries
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- INOXCVA
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- HBank Technologies Inc.
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates
- Pragma Industries
  - Company Overview
  - Form Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact