Press release
Hydrogen Energy Storage Market 2019 Rapid Development by Manufactures, Opportunities and Forecast By Players - Hbank Technologies, Inoxcva, Mcphy Energy S.A, Luxfer Holdings PLC, Worthington Industries, Praxair Inc.
Hydrogen Energy Storage Market
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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.
Key Players
The key players of the global Hydrogen Energy Storage Market are 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, among others.
Segmentation
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, the hydrogen energy storage market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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List Of Tables
Table 1 Global Hydrogen Energy Storage Market, By Region, 2016-2023 (USD Million)
Table 2 North America Hydrogen Energy Storage Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Hydrogen Energy Storage Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Hydrogen Energy Storage Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Hydrogen Energy Storage Market, By Region, 2016-2023 (USD Million)
Table 6 South America Hydrogen Energy Storage Market, By Region, 2016-2023 (USD Million)
Table 7 Global Hydrogen Energy Storage Market, By Technology, 2016-2023 (USD Million)
Table 8 North America Hydrogen Energy Storage Market, By Technology, 2016-2023 (USD Million)
Table 9 Europe Hydrogen Energy Storage Market, By Technology, 2016-2023 (USD Million)
Table 10 Asia-Pacific Hydrogen Energy Storage Market, By Technology, 2016-2023 (USD Million)
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