Hydrogen Energy Storage Market 2019 Latest Industry Development, upcoming Trends, Industry Analysis, Prominent Players: VRV S.P.A, Hbank Technologies, Inoxcva, Mcphy Energy S.A, Luxfer Holdings PLC, Praxair Inc, Linde AG.

The global hydrogen energy storage market is projected to grow at a moderate rate during the forecast period. Technological advancement in addition to growing fuel cell demand will positively trigger the global hydrogen energy storage market. Moreover, growing investments in research and development of fuel cell technology present opportunity for industry expansion. For instance, in 2017, Kia motors, South American company, announced the launch of H2 based hybrid automobile fuel cell system driving clean feet implementation, thus driving the demand for hydrogen energy storage market.

Prominent Players:

VRV S.P.A, Hbank Technologies Inc., Inoxcva, Mcphy Energy S.A, Luxfer Holdings PLC, Worthington Industries Inc., Praxair Inc, Linde AG., and Air Liquide

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Industry Highlights:

The need for complete energy storage solution has become more important where fields of wind turbines are generating gigawatts of electricity, often with a significant amount of grid power generation not matching with the demand. So, to efficiently store this extra power, hydrogen energy storage process is used to store the electricity produced through hydrogen. The hydrogen energy storage mainly focuses on hydrogen utilization in various applications such as fuel cells and catalytic combustion of hydrogen.

Hydrogen Energy Storage Market Segments Analysis:

Global hydrogen energy storage market has been segmented based on technology, end-user, and region.

Based on technology, the market has been classified as liquid hydrogen, metal hydrides, carbon absorption, and underground salt caverns. Liquid hydrogen segment dominates the market due to demand for clean and effective energy source.

Based on end-user, the market has been segmented as power generation, transportation, chemicals, metal working, and others. Power generation segment is expected to dominate the market during the forecast period as increasing renewable energy generation present an opportunity for hydrogen energy storage market. Hydrogen produced by renewable electrolysis offers a promising solution for electric power as well as transportation sector.

Based on region, Asia-Pacific held the largest market share of the global hydrogen energy storage Market in 2018. Rising demand for hydrogen storage in the Asia-Pacific region is mainly driven by strong demand for ammonia and methanol from countries such as China, India, and Australia. Also, stringent regulations in China on oil refineries for producing cleaner fuels is expected to further boost the hydrogen energy storage market. Moreover, the government in South Korea and Japan have announced subsidies for manufacturing hydrogen powered fuel cell vehicles and has also extended financial support in developing hydrogen infrastructure further driving the hydrogen energy storage market.

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Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights
Continued…….

List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top Down & Bottom Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis
Continued……

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