Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1813827
PUBLISHER: Grand View Research | PRODUCT CODE: 1813827
Underground Hydrogen Storage Market Size, Share & Trends Analysis Report By Type (Porous Media Storage, Salt Caverns, Engineered Cavities), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2025 - 2033
PUBLISHED:
PAGES: 120 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Underground Hydrogen Storage Market Summary
The global underground hydrogen storage market demand was estimated at 2780.67 MCM in 2024 and is projected to reach 6,249.05 MCM by 2033, growing at a CAGR of 9.2% from 2025 to 2033. The market is expected to grow steadily during the forecast period, driven by supportive government policies, increasing net-zero targets, and heightened focus on hydrogen as a clean energy carrier for industry, transport, and power generation sectors.
Growing investments in green hydrogen infrastructure and rising adoption of renewable energy sources are accelerating the demand for safe and scalable hydrogen storage technologies. Underground hydrogen storage involves storing hydrogen gas in large geological formations such as salt caverns, depleted oil and gas fields, or aquifers, enabling the buffering of supply and demand in large-scale hydrogen energy systems. This method stabilizes hydrogen supply chains by offering long-duration energy storage solutions essential for decarbonized energy grids. Advancements in subsurface engineering and the repurposing of existing gas storage facilities further enhance underground hydrogen storage's commercial viability.
Underground hydrogen storage is primarily used to balance supply and demand in hydrogen energy systems and support large-scale hydrogen deployment. While smaller above-ground storage solutions exist, they are not economically viable for handling seasonal fluctuations or industrial-scale volumes. Therefore, geological formations like salt caverns, depleted oil and gas fields, and aquifers are increasingly utilized due to their high capacity and long-duration storage capabilities. Projects integrating underground hydrogen storage with green hydrogen production and fuel cell deployment, particularly in Europe, the United States, and Asia-Pacific countries like Japan and Australia, are gaining momentum. Supportive regulatory frameworks, national hydrogen strategies, and investment in hydrogen hubs are key factors driving the development of underground hydrogen storage infrastructure.
Global Underground Hydrogen Storage Market Report Segmentation
This report forecasts volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global underground hydrogen storage market report based on storage type, and region:
- Storage Type Outlook (Volume, MCM, 2021 - 2033)
- Porous Media Storage
- Salt Caverns
- Engineered Cavities
- Regional Outlook (Volume, MCM, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Algeria
- Egypt
- Libya
- UAE
Product Code: GVR-4-68040-028-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Underground Hydrogen Storage Market: Type Estimates & Trend Analysis
- 4.1. Underground Hydrogen Storage Market: Type Movement Analysis, 2024 & 2033
- 4.2. Porous Media Storage
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 4.3. Salt Caverns
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 4.4. Engineered Cavities
Chapter 5. Underground Hydrogen Storage Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2024 & 2033
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.2.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.2.3.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.2.4.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.2.5.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.3.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.3.3.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.3.4.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.3.5.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.4.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.4.3.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.4.4.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.4.5.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.4.6. Australia
- 5.4.6.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.4.6.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.5. Latin America
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.5.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.5.3.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.5.4. Mexico
- 5.5.4.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.6.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.6.3. Algeria
- 5.6.3.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.6.3.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.6.4. Egypt
- 5.6.4.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.6.4.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.6.5. Libya
- 5.6.5.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.6.5.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
- 5.6.6. UAE
- 5.6.6.1. Market estimates and forecasts, 2021 - 2033 (MCM)
- 5.6.6.2. Market estimates and forecasts, by type, 2021 - 2033 (MCM)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments By Key Market Participants
- 6.2. Company Categorization
- 6.3. List of Key Component Suppliers & Channel Partners
- 6.4. Company Market Share & Positioning Analysis, 2024
- 6.5. Heat Map Analysis
- 6.6. Vendor Landscape
- 6.6.1. List of Raw Material Suppliers
- 6.6.2. List of Distributors/Traders
- 6.6.3. List of Other Prominent Manufacturers
- 6.7. List of Prospective End Users
- 6.8. Strategy Mapping
- 6.9. Company Profiles/Listing
- 6.9.1. Air Liquide
- 6.9.1.1. Company Overview
- 6.9.1.2. Financial Performance
- 6.9.1.3. Product Benchmarking
- 6.9.2. Air Products and Chemicals, Inc.
- 6.9.2.1. Company Overview
- 6.9.2.2. Financial Performance
- 6.9.2.3. Product Benchmarking
- 6.9.3. Engie
- 6.9.3.1. Company Overview
- 6.9.3.2. Financial Performance
- 6.9.3.3. Product Benchmarking
- 6.9.4. Linde plc
- 6.9.4.1. Company Overview
- 6.9.4.2. Financial Performance
- 6.9.4.3. Product Benchmarking
- 6.9.5. Texas Brine Company, LLC
- 6.9.5.1. Company Overview
- 6.9.5.2. Financial Performance
- 6.9.5.3. Product Benchmarking
- 6.9.6. Uniper SE
- 6.9.6.1. Company Overview
- 6.9.6.2. Financial Performance
- 6.9.6.3. Product Benchmarking
- 6.9.7. WSP
- 6.9.7.1. Company Overview
- 6.9.7.2. Financial Performance
- 6.9.7.3. Product Benchmarking
- 6.9.1. Air Liquide
Product Code: GVR-4-68040-028-6
List of Tables
- Table 1 Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 2 Porous media storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 3 Salt Caverns market estimates & forecasts, 2021 - 2033 (MCM)
- Table 4 Engineered cavities market estimates & forecasts, 2021 - 2033 (MCM)
- Table 5 North America Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 6 North America Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 7 U.S. Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 8 U.S. Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 9 Canada Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 10 Canada Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 11 Mexico Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 12 Mexico Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 13 Europe Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 14 Europe Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 15 Germany Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 16 Germany Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 17 France Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 18 France Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 19 UK Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 20 UK Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 21 Asia Pacific Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 22 Asia Pacific Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 23 China Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 24 China Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 25 Japan Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 26 Japan Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 27 Australia Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 28 Australia Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 29 India Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 30 India Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 31 Latin America Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 32 Latin America Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 33 Brazil Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 34 Brazil Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 35 Mexico Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 36 Mexico Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 37 Middle East & Africa Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 38 Middle East & Africa Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 39 Algeria Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 40 Algeria Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 41 Egypt Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 42 Egypt Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 43 Libya Underground Hydrogen Storage market estimates & forecasts, 2021 - 2033 (MCM)
- Table 44 Libya Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
- Table 45 UAE Underground Hydrogen Storage market estimates & forecast, 2021 - 2033 (MCM)
- Table 46 UAE Underground Hydrogen Storage market estimates & forecasts by type, 2021 - 2033 (MCM)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook - Type
- Fig. 8 Competitive Outlook
- Fig. 9 Underground Hydrogen Storage market outlook, 2021 - 2033 (MCM)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Underground Hydrogen Storage market, by type: Key takeaways
- Fig. 15 Underground Hydrogen Storage market, by type: Market share, 2024 & 2033
- Fig. 16 Underground Hydrogen Storage market: Regional analysis, 2024 & 2033
- Fig. 17 Underground Hydrogen Storage market, by region: Key takeaways
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.