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Hydrogen Storage Alloys Market to Boom in Near Future by 2028: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects

09-12-2022 03:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Hydrogen storage alloys are classified into intermetallic compounds of several types such as AB5, AB2, AB, and A2B. Where group A elements basically consist of La, Ti, Zr, Mg, etc. and B consist of Ni, Co, Fe, Mn, etc. whose hydrides are thermodynamically stable and unstable, respectively. Among these AB5 and AB2 are the most promising and widely used hydrogen storage alloys. These alloys are metallic materials that have a unique ability to reversibly absorb and release significant amounts of hydrogen from the gas phase or electrochemically.

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Growing Surge in Hydrogen Generation and Storage Systems:

According to our latest market study on "Hydrogen Storage Alloys Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (AB5 and AB2) and Application (Rechargeable Batteries, Cooling Devices, Fuel Cells and Others)," the market was valued at US$ 2,406.88 million in 2019 and is projected to reach US$ 4,535.53 million by 2028; it is expected to grow at a CAGR of 7.3% from 2020 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

The List of companies - Global Hydrogen Storage Alloys Market

1.JMC (Japan Metals & Chemicals Co., Ltd.)
2.Merck KGaA
3.Ajax Tocco Magnethermic Corporation
4.Baotou Santoku Battery Materials Co. Ltd.
5.Santoku Corporation
6.American Elements
7.AMG Titanium Alloys & Coatings LLC
8.Jiangmen Kanhoo Industry Co. Ltd
9.Xiamen Tungsten Co. Ltd

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If you have any queries about this report or would like further information, please contact us:

North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686
Email: sales@theinsightpartners.com

ABOUT US:
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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