Hydrogen Storage Alloy Research: CAGR of 8.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Hydrogen Storage Alloy- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Hydrogen Storage Alloy was estimated to be worth US$ 278 million in 2024 and is forecast to a readjusted size of US$ 438 million by 2031 with a CAGR of 6.8% during the forecast period 2025-2031.

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Hydrogen Storage Alloy Market Summary

Hydrogen Storage Alloy (HSA) is a type of alloy that can absorb and release hydrogen gas reversibly. It works by forming a metal hydride, a solid-state compound, when hydrogen is absorbed. This process allows for the safe and efficient storage of hydrogen, a crucial element in clean energy technologies. HSAs are particularly useful in applications like fuel cell vehicles and portable energy devices.

According to the new market research report "Global Hydrogen Storage Alloy Market Report 2025-2031", published by QYResearch, the global Hydrogen Storage Alloy market size is projected to reach USD 0.44 billion by 2030, at a CAGR of 8.6% during the forecast period.

Figure00001. Global Hydrogen Storage Alloy Market Size (US$ Million), 2020-2031

Hydrogen Storage Alloy

Above data is based on report from QYResearch: Global Hydrogen Storage Alloy Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00002. Global Hydrogen Storage Alloy Top 10 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Hydrogen Storage Alloy

Above data is based on report from QYResearch: Global Hydrogen Storage Alloy Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Hydrogen Storage Alloy include XTC New Energy, Jiangxi Tungsten Holding, China Northern Rare Earth, Santoku, Japan Metals & Chemicals, Nippon Denko, Baotou FDK, Shenjiang Technology, Mitsui-Kinzoku, Whole Win, etc.

In 2024, the global top five players had a share approximately 53.0% in terms of revenue.

Figure00003. Hydrogen Storage Alloy, Global Market Size, Split by Product Segment

Hydrogen Storage Alloy

Based on or includes research from QYResearch: Global Hydrogen Storage Alloy Market Report 2025-2031.

In terms of product type, currently AB5 Type is the largest segment, hold a share of 92.5%.

In terms of product application, currently Battery Industry is the largest segment, hold a share of 86.5%.

Key Drivers:

Driver 1: Growing Demand for Clean Energy

Transition to Renewable Energy: As the world shifts towards renewable energy sources to reduce carbon emissions, hydrogen, a clean energy carrier, is gaining prominence.

Hydrogen Fuel Cell Vehicles: The increasing adoption of hydrogen fuel cell vehicles, particularly in the transportation sector, drives the need for efficient hydrogen storage solutions.

Driver 2: Government Initiatives and Policies

Subsidies and Incentives: Governments worldwide are implementing supportive policies, including subsidies and tax breaks, to promote the development and adoption of hydrogen technologies, including hydrogen storage alloys.

Research and Development Funding: Significant investments in research and development are being made to advance hydrogen storage technologies, leading to advancements in alloy materials and performance.

Driver 3: Increasing Industrial Demand

Hydrogen Production and Storage: Industries such as steel, chemicals, and refining are increasingly adopting hydrogen technologies for various processes, driving the demand for efficient hydrogen storage solutions.

Key Challenges:

C1: High Cost

Production Costs: The production process of hydrogen storage alloys, especially those involving rare earth elements, can be expensive.

Material Costs: The raw materials used in these alloys, such as rare earth metals, can be costly and subject to price fluctuations.

C2: Limited Storage Capacity

Weight and Volume: Current hydrogen storage alloys often require significant weight and volume to store a reasonable amount of hydrogen, limiting their practical applications, particularly in transportation.

C3: Lack of Mature Hydrogen Infrastructure

Limited Refueling Stations: The lack of a well-developed hydrogen refueling infrastructure can hinder the adoption of hydrogen-powered vehicles and other applications that rely on hydrogen storage alloys.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Hydrogen Storage Alloy market is segmented as below:
By Company
Santoku
American Elements
Nippon Denko
Mitsui-Kinzoku
Advanced Refractory Metals
Japan Metals & Chemicals
Zhongke Xueda New Energy Technology
Shenjiang Technology
Whole Win
AE&M JITRI
Xiamen Tungsten
Baotou FDK
China Northern Rare Earth
Jiangxi Tungsten

Segment by Type
AB5 Type
AB2 Type
AB Type
A2B Type
Others

Segment by Application
Battery Industry
Energy Storage Industry

Each chapter of the report provides detailed information for readers to further understand the Hydrogen Storage Alloy market:

Chapter 1: Introduces the report scope of the Hydrogen Storage Alloy report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Hydrogen Storage Alloy manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Hydrogen Storage Alloy market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Hydrogen Storage Alloy in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Hydrogen Storage Alloy in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Hydrogen Storage Alloy competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Hydrogen Storage Alloy comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Hydrogen Storage Alloy market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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