Press release
Global Hydrogen Energy Storage Market to reach $51.4 billion: COVID Impact, Opportunities, Trends and Forecast
Evolve Business Intelligence
For more information on the report: https://evolvebi.com/product/hydrogen-energy-storage-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Hydrogen Energy Storage market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the Hydrogen Energy Storage market report also includes the following data points:
• COVID19 Impact on Hydrogen Energy Storage market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Hydrogen Energy Storage market
Analyst View
According to Parimal, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to provide a small push for the hydrogen energy storage market growth. The industry is moving from human-centric to remotely operable energy storage system which can be accessed and maintained without needing huge labor. Various changes in government policies for energy storage have led to increased demand for energy storage in this sector.
Competitive Scenario
Some of the major Hydrogen Energy Storage players holding high market share include Hydrogenics, ITM Power, Hexagon composites, and Worthington industries. These players use new product development and partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
Segmental Analysis
The report's aim is to provide a holistic market overview based on State, Storage technology, and End-user. Based on State, the Hydrogen Energy Storage market is segmented into Liquid, Gas, and Solid. On the basis of Storage technology, the market is classified into Compression, Liquefaction, and material-based. The Hydrogen Energy Storage market is segmented based on End-user into Industrial, Commercial, and Utilities.
Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Hydrogen Energy Storage market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.
The key players profiled in the report are:
• Hydrogenics
• ITM Power
• Hexagon Composites
• Worthington Industries
• Linde
• Nel Hydrogen
• Plug Power
• Chart Industries
• Air Liquide
• Air Products and Chemicals
To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/hydrogen-energy-storage-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.
Report Objectives
• To define, describe, and forecast the Hydrogen Energy Storage market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the Hydrogen Energy Storage market
• To provide an overview of the value chain analysis pertaining to the Hydrogen Energy Storage industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall Hydrogen Energy Storage market
• To analyze opportunities in the market by identifying high-growth segments of the Hydrogen Energy Storage market
• To profile key players in the Hydrogen Energy Storage market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Hydrogen Energy Storage market
Evolve Business Intelligence
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Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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