Home / Energy / Global Hydrogen Energy Storage Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Hydrogen Energy Storage Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Jan 2020 | Published By: Acute Market Research

The global Hydrogen Energy Storage market is worth US$ 12.96 Bn in 2018 and expected to grow at a CAGR of 5.7% during the forecast period from 2019 to 2027.

Market Insights

Rising investment in green energy technology is driving

Growing applications of hydrogen and advancement in technology to store and utilize hydrogen potential is driving the global hydrogen energy storage market. Increasing adoption of hydrogen energy as fuel estimated to reduce carbon emission, increasing reliability of supply, and reduce consumption of conventional fossil fuels. New technologies such as direct injection of hydrogen into natural gas pipeline referred as power-to-gas and pre-conversion of hydrogen to methane to avoid various blending issues have large impact on the application of hydrogen as a fuel; thereby increasing the demand for storage facilities. Further, at the end of 2018, the global FCEV stocks reached at 11,200 units with around 4,000 sales in the same year. China produced over 2000 small trucks. With increasing number of refueling stations in Japan, Germany and the U.S. there will be growing sales of FCEV in coming years. Thereby, influencing the hydrogen energy storage market in the long run.

On the contrary, high capital cost of hydrogen storage and growing investment in the battery technology expected to restrain the market during the forecast period. Overall, the global hydrogen energy storage market was US$ 12.96 Bn in 2018 and expected to grow at a CAGR of 5.7% from 2019 to 2027. In 2027, the projected size of the global hydrogen energy storage market is estimated at US$ 21.15 Bn.

The overall hydrogen energy storage market is slightly fragmented in nature and it is growing at moderate rate. The growing investment from the government is influencing the market in a positive manner.

Industrial Developments

• In March 2019, the U.S. Department of Energy (DOE) announced about US$ 31 million funding to the H2@Scale concept for affordable and reliable large scale hydrogen generation, transport, storage and utilization across multiple sectors and industries of the U.S. This new funding from the government expected to strengthen energy security, resiliency, and strong domestic economy of the U.S.
• In January 2020, California Energy Commission (CEC) tabled over US$ 11 million for customer centric electrolytic hydrogen storage. With an aim to have 100% clean energy and diversion of longer duration storage technologies in the state, this funding expected to boom the hydrogen energy storage market in the region.

Key Market Movements:

• Globally, the hydrogen energy storage market is growing at a CAGR of 5.6% for the period from 2019 to 2027.
• Based on state, hydrogen energy storage market is segmented into gas, liquid and solid. As storing hydrogen in gas form is the easiest and cost-effective method, the gas segment captured the major share of the market in 2018.
• Based on storage technology, compression segment expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the simplest method of storing using compressor and pressure vessel.

List of Companies Covered:

• FuelCell Energy, Inc.
• Linde plc
• Air Liquide
• ITM Power
• Air Products and Chemicals, Inc.
• Hydrogenics
• Hexagon Composites ASA
• Nel ASA.
• PLUG POWER INC.
• Mcphy Energy S.A.
• and Others

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Hydrogen Energy Storage (HES) Market
2.2. Global HES Market, by State, 2018 (US$ Bn)
2.3. Global HES Market, by Storage Technology, 2018 (US$ Bn)
2.4. Global HES Market, by Storage Type, 2018 (US$ Bn)
2.5. Global HES Market, by End-use, 2018 (US$ Bn)
2.6. Global HES Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global HES Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Hydrogen Energy Storage (HES) Market, by State , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Gas
4.3. Liquid
4.4. Solid

5. Global Hydrogen Energy Storage (HES) Market, by Storage Technology, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Compression
5.3. Liquefaction
5.4. Material based

6. Global Hydrogen Energy Storage (HES) Market, by Storage Type, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Chemical Storage
6.3. Physical Storage
6.4. Stationary Storage

7. Global Hydrogen Energy Storage (HES) Market, by End-use, 2017 – 2027 (US$ Bn)
7.1. Overview
7.2. Oil Refineries
7.3. Chemical Industry
7.4. Transportation
7.5. Steel & Metal Works
7.6. Power Generation

8. North America Hydrogen Energy Storage (HES) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. North America HES Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. North America HES Market Value, By State, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America HES Market Value, By Storage Technology, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America HES Market Value, By Storage Type, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America HES Market Value, By End-use, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America HES Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Hydrogen Energy Storage (HES) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Europe HES Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Europe HES Market Value, By State, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe HES Market Value, By Storage Technology, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe HES Market Value, By Storage Type, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe HES Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe HES Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Hydrogen Energy Storage (HES) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific HES Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Asia Pacific HES Market Value, By State, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific HES Market Value, By Storage Technology, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific HES Market Value, By Storage Type, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific HES Market Value, By End-use, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific HES Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Hydrogen Energy Storage (HES) Market Analysis, 2017 – 2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World HES Market Value and Growth, 2017 – 2027, (US$ Bn)
11.2. Rest of the World HES Market Value, By State, 2017 – 2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World HES Market Value, By Storage Technology, 2017 – 2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World HES Market Value, By Storage Type, 2017 – 2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World HES Market Value, By End-use, 2017 – 2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World HES Market Value, By Region, 2017 – 2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. FuelCell Energy, Inc.
12.2. Linde plc
12.3. Air Liquide
12.4. ITM Power
12.5. Air Products and Chemicals, Inc.
12.6. Hydrogenics
12.7. Hexagon Composites ASA
12.8. Nel ASA.
12.9. PLUG POWER INC.
12.10. Mcphy Energy S.A.

*Hear we are using HES as a short form for Hydrogen Energy Storage

TABLE 1 Market Snapshot: Global Hydrogen Energy Storage (HES) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global HES Market, by State, 2017-2027, (US$ Bn)
TABLE 5 Global HES Market, by Storage Technology, 2017 – 2027, (US$ Bn)
TABLE 5 Global HES Market, by Storage Type, 2017 – 2027, (US$ Bn)
TABLE 5 Global HES Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 7 Global HES Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 8 North America HES Market, by State, 2017-2027, (US$ Bn)
TABLE 9 North America HES Market, by Storage Technology, 2017 – 2027, (US$ Bn)
TABLE 9 North America HES Market, by Storage Type, 2017 – 2027, (US$ Bn)
TABLE 9 North America HES Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 11 North America HES Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 12 Europe HES Market, by State, 2017-2027, (US$ Bn)
TABLE 13 Europe HES Market, by Storage Technology, 2017 – 2027, (US$ Bn)
TABLE 13 Europe HES Market, by Storage Type, 2017 – 2027, (US$ Bn)
TABLE 13 Europe HES Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 15 Europe HES Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific HES Market, by State, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific HES Market, by Storage Technology, 2017 – 2027 (US$ Bn)
TABLE 17 Asia Pacific HES Market, by Storage Type, 2017 – 2027 (US$ Bn)
TABLE 17 Asia Pacific HES Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific HES Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World HES Market, by State, 2017 - 2027, (US$ Bn)
TABLE 21 Rest of the World HES Market, by Storage Technology, 2017 – 2027, (US$ Bn)
TABLE 21 Rest of the World HES Market, by Storage Type, 2017 – 2027, (US$ Bn)
TABLE 21 Rest of the World HES Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 23 Rest of the World HES Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 24 FuelCell Energy, Inc.: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Linde plc: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Air Liquide: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 ITM Power: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Air Products and Chemicals, Inc.: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Hydrogenics: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Hexagon Composites ASA: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Nel ASA: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 PLUG POWER INC.: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Mcphy Energy S.A.: Company Snapshot (Business Description; Storage Technology Portfolio; Financial Information; Business Overview and Recent Development)

FIG. 1 Global Hydrogen Energy Storage (HES) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global HES Market Segmentation
FIG. 4 Global HES Market, by State, 2018, (US$ Bn)
FIG. 5 Global HES Market, by Storage Technology, 2018, (US$ Bn)
FIG. 5 Global HES Market, by Storage Type, 2018, (US$ Bn)
FIG. 5 Global HES Market, by End-use, 2018, (US$ Bn)
FIG. 7 Global HES Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global HES Market Value, 2017 - 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key HES Manufacturers, 2018
FIG. 11 Global HES Market Value Share, by State, 2018 & 2027 (Value %)
FIG. 12 Global HES Market Value for Gas, 2017 – 2027, (US$ Bn)
FIG. 13 Global HES Market Value for Liquid, 2017 – 2027, (US$ Bn)
FIG. 13 Global HES Market Value for Solid, 2017 – 2027, (US$ Bn)
FIG. 15 Global HES Market Value Share by Storage Technology, 2018 & 2027 (Value %)
FIG. 16 Global HES Market Value for Compression, 2017 – 2027, (US$ Bn)
FIG. 17 Global HES Market Value for Liquefaction, 2017 – 2027, (US$ Bn)
FIG. 18 Global HES Market Value for Material based, 2017 – 2027, (US$ Bn)
FIG. 15 Global HES Market Value Share by Storage Type, 2018 & 2027 (Value %)
FIG. 16 Global HES Market Value for Chemical, 2017 – 2027, (US$ Bn)
FIG. 17 Global HES Market Value for Physical, 2017 – 2027, (US$ Bn)
FIG. 18 Global HES Market Value for Stationary, 2017 – 2027, (US$ Bn)
FIG. 15 Global HES Market Value Share by End-use, 2018 & 2027 (Value %)
FIG. 16 Global HES Market Value for Oil Refineries, 2017 – 2027, (US$ Bn)
FIG. 17 Global HES Market Value for Chemical Industry, 2017 – 2027, (US$ Bn)
FIG. 18 Global HES Market Value for Transportation, 2017 – 2027, (US$ Bn)
FIG. 18 Global HES Market Value for Steel & Metal Works, 2017 – 2027, (US$ Bn)
FIG. 18 Global HES Market Value for Power Generation, 2017 – 2027, (US$ Bn)
FIG. 24 North America HES Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe HES Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific HES Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Rest of the World HES Market Value, 2017 – 2027, (US$ Bn)

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