Industrial Hydrogen Energy Storage Market Analysis

Method (Compression, Liquefaction, Material-based)

Compression segment is predicted to capture industrial hydrogen energy storage market share of around 83.2% by the end of 2037. Compression is a crucial component for the distribution and storage of hydrogen-generated energy. The growth of this segment is followed by the increase in the usage of hydrogen power storage for transportation. This method of energy storage has made the deployment more feasible. A variety of options for technology including mechanical, ionic, and electrochemical can be employed for hydrogen compression. Further, allowing consumers to choose according to their application, budget, and efficiency. In addition, advancements in technology and developments in storage materials are expected to enhance the functionality of this segment.

Our in-depth analysis of the global market includes the following segments:

Method

Compression
Liquefaction
Material-based

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the industrial hydrogen energy storage market was over USD 12.5 billion.

The market size for the industrial hydrogen energy storage market is projected to reach USD 31.5 billion by the end of 2037 expanding at a CAGR of 8% during the forecast period i.e., between 2025-2037.

The major players in the market are Air Liquide, Air Products and Chemicals, Inc., Cockerill Jingli Compressed Hydrogen, ENGIE, FuelCell Energy, Inc., GKN Compressed Hydrogen, Gravitricity Ltd, ITM Power PLC, Linde plc, McPhy Energy S.A., Bharat Petroleum Corp., Reliance Industries, Nel ASA, SSE, and others.

In terms of method, the compression segment is anticipated to garner the largest market share of 83.2% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 58.4% by the end of 2037 and provide more business opportunities in the future.

Industrial Hydrogen Energy Storage Market Analysis