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PUBLISHER: IMARC | PRODUCT CODE: 1722721
PUBLISHER: IMARC | PRODUCT CODE: 1722721
Hydrogen Energy Storage Market Report by Product Type (Liquid, Solid, Gas), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Industrial, Commercial), and Region 2025-2033
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PAGES: 145 Pages
DELIVERY TIME: 2-3 business days
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The global hydrogen energy storage market size reached USD 20.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 33.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5.21% during 2025-2033.
Hydrogen energy storage (HES) is a process involving the utilization of power electrolysis through the surplus energy generated by renewables during the low energy demand. It assists in increasing the reliability of supply and reducing carbon emissions and the overall consumption of conventional petroleum fuels. It provides ancillary grid services and fuel for material handling equipment (MHE), such as forklifts and airport tugs. It also offers high storage capacity as compared with pumped storage hydropower (PSH) and compressed air energy storage (CAES). As a result, HES is used to store hydrogen as compressed gas, cryogenic liquid, and loosely bonded hydride compounds.
Hydrogen Energy Storage Market Trends:
The growing demand for HES to utilize excess electric energy represents one of the key factors driving the market. Moreover, its increasing application in stationary power for providing clean, efficient, and reliable off-grid power to homes, businesses, and utilities is propelling the market growth. In addition, there is a rise in the employment of hydrogen as a fuel as it does not emit greenhouse gases and harmfully affects the environment. This, along with the augmenting use of hydrogen as a fuel cell in electric vehicles (EVs), is contributing to the growth of the market. Besides this, HES offers multiple opportunities to increase resiliency and improve the economics of energy supply systems comprising electric grid and gas pipelines. This, coupled with stringent regulations imposed by the government of several countries to encourage the use of sustainable energy sources, is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to develop enhanced equipment for improving the production efficiency of hydrogen.
Key Market Segmentation:
Breakup by Product Type:
- Liquid
- Solid
- Gas
Breakup by Technology:
- Compression
- Liquefaction
- Material Based
Breakup by Application:
- Stationary Power
- Transportation
Breakup by End User:
- Industrial
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Air Products and Chemicals Inc., Chart Industries Inc., H2go Power, Hexagon Composites ASA, ITM Power plc, Linde plc, McPhy Energy S.A., Plug Power Inc. and Pragma Industries.
Key Questions Answered in This Report
- 1. How big is the global hydrogen energy storage market?
- 2. What is the expected growth rate of the global hydrogen energy storage market during 2025-2033?
- 3. What are the key factors driving the global hydrogen energy storage market?
- 4. What has been the impact of COVID-19 on the global hydrogen energy storage market?
- 5. What is the breakup of the global hydrogen energy storage market based on the product type?
- 6. What is the breakup of the global hydrogen energy storage market based on the technology?
- 7. What is the breakup of the global hydrogen energy storage market based on the application?
- 8. What is the breakup of the global hydrogen energy storage market based on the end user?
- 9. What are the key regions in the global hydrogen energy storage market?
- 10. Who are the key players/companies in the global hydrogen energy storage market?"
Product Code: SR112025A4932
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Hydrogen Energy Storage Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Liquid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Solid
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Gas
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Compression
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Liquefaction
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Material Based
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Stationary Power
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Transportation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End User
- 9.1 Industrial
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Air Liquide S.A.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Air Products and Chemicals Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Chart Industries Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 H2go Power
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Hexagon Composites ASA
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 ITM Power plc
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Linde plc
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 McPhy Energy S.A.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Plug Power Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Pragma Industries
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.1 Air Liquide S.A.
Product Code: SR112025A4932
List of Figures
- Figure 1: Global: Hydrogen Energy Storage Market: Major Drivers and Challenges
- Figure 2: Global: Hydrogen Energy Storage Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Hydrogen Energy Storage Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Hydrogen Energy Storage Market: Breakup by Product Type (in %), 2024
- Figure 5: Global: Hydrogen Energy Storage Market: Breakup by Technology (in %), 2024
- Figure 6: Global: Hydrogen Energy Storage Market: Breakup by Application (in %), 2024
- Figure 7: Global: Hydrogen Energy Storage Market: Breakup by End User (in %), 2024
- Figure 8: Global: Hydrogen Energy Storage Market: Breakup by Region (in %), 2024
- Figure 9: Global: Hydrogen Energy Storage (Liquid) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Hydrogen Energy Storage (Liquid) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Hydrogen Energy Storage (Solid) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Hydrogen Energy Storage (Solid) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Hydrogen Energy Storage (Gas) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Hydrogen Energy Storage (Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Hydrogen Energy Storage (Compression) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Hydrogen Energy Storage (Compression) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Hydrogen Energy Storage (Liquefaction) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Hydrogen Energy Storage (Liquefaction) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Hydrogen Energy Storage (Material Based) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Hydrogen Energy Storage (Material Based) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Hydrogen Energy Storage (Stationary Power) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Hydrogen Energy Storage (Stationary Power) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Hydrogen Energy Storage (Transportation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Hydrogen Energy Storage (Transportation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Hydrogen Energy Storage (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Hydrogen Energy Storage (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Hydrogen Energy Storage (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Hydrogen Energy Storage (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: North America: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: North America: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: United States: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: United States: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Canada: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Canada: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Asia-Pacific: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Asia-Pacific: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: China: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: China: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: Japan: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: Japan: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: India: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: India: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: South Korea: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: South Korea: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Australia: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Australia: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Indonesia: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Indonesia: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Others: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Others: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Europe: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Europe: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Germany: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Germany: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: France: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: France: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: United Kingdom: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: United Kingdom: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Italy: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Italy: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Spain: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Spain: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Russia: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Russia: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Others: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Others: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Latin America: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Latin America: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Brazil: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Brazil: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Mexico: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Mexico: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Others: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Others: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Middle East and Africa: Hydrogen Energy Storage Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Middle East and Africa: Hydrogen Energy Storage Market: Breakup by Country (in %), 2024
- Figure 77: Middle East and Africa: Hydrogen Energy Storage Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Global: Hydrogen Energy Storage Industry: SWOT Analysis
- Figure 79: Global: Hydrogen Energy Storage Industry: Value Chain Analysis
- Figure 80: Global: Hydrogen Energy Storage Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Hydrogen Energy Storage Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Hydrogen Energy Storage Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 3: Global: Hydrogen Energy Storage Market Forecast: Breakup by Technology (in Million USD), 2025-2033
- Table 4: Global: Hydrogen Energy Storage Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Hydrogen Energy Storage Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 6: Global: Hydrogen Energy Storage Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Hydrogen Energy Storage Market: Competitive Structure
- Table 8: Global: Hydrogen Energy Storage Market: Key Players
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