Press release
Hydrogen Storage Market Deep Research Report with Forecast by 2032 | Eutectix , Air Liquide, Cella Energy
Some of the Top Leading Key Players:
• Air Liquide (France)
• Linde plc (Ireland)
• Praxair Technology Inc. (U.S.)
• Worthington Industries (U.S.)
• McPhy Energy S.A. (France)
• Luxfer Holdings PLC (U.K.)
• Hexagon Composites ASA (Norway)
• H Bank Technologies Inc. (Taiwan)
• Inoxwind (India)
• VRV S.r.L. (Italy)
• Cella Energy (U.K.)
• American Elements (U.S.)
• Sigma-Aldrich Co. (US)
• Hanwha Solutions/Chemical Corporation (South Korea)
• Eutectix (U.S.)
• Pragma Industries (France)
Hydrogen Storage Market Size Was Valued at USD 1.45 Billion in 2023, and is Projected to Reach USD 8.06 Billion by 2032, Growing at a CAGR of 21% From 2024-2032.
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Hydrogen can be stored as a liquid or a gas. While storing hydrogen gas often involves the use of high-pressure tanks storing hydrogen liquid frequently necessitates freezing conditions to prevent it from boiling back into a gas. Hydrogen can be kept inside a solid as well as on its surface.
Segmentation Analysis of the Hydrogen Storage Market
By Storage Form
• Physical
• Material-Based
By Storage Type
• Cylinder
• Merchant
• On-Site
• On-board
By End-Users
• Chemicals
• Oil Refineries
• Industrial
• Automotive & Transportation
• Metalworking
Hydrogen Storage Market Trend Analysis
Growing Demand for Fuels with Low Emissions
Hydrogen gas is mostly used in oil refineries to de-sulfurize fuels like gasoline and diesel for use in transportation. The need for hydrogen will increase dramatically as more sour and heavier crude oil is consumed globally.
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Key Industry Developments in the Hydrogen Storage Market:
In January 2023: Hexagon Purus opens a new hydrogen cylinder manufacturing facility in Westminster, Maryland, USA. The demand for zero-emission mobility & infrastructure is rising as the world is becoming ever more committed to combatting climate change.
Regional Analysis
Asia Pacific is Expected to Dominate the Market Over the Forecast period
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Strategic Points Covered in Table of Content of Hydrogen Storage Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Hydrogen Storage Market Landscape
Chapter Four: Hydrogen Storage Market by Type
Chapter Five: Hydrogen Storage Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Hydrogen Storage Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
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