Hydrogen Storage Market 2025-2031: Innovations in Composite Cylinders & Renewable Energy Integration | Key Players are Air Liquide, Linde plc, H Bank Technology Inc.

The Global Hydrogen Storage Market is estimated to reach at a high CAGR during the forecast period 2025-2031.

According to DataM Intelligence has published a new research report on "Hydrogen Storage Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Hydrogen storage systems enable the safe containment and transport of hydrogen for energy, industrial, and mobility applications. Storage methods include compressed gas, liquefied hydrogen, and solid-state materials like metal hydrides. Effective storage is critical for hydrogen adoption as a clean fuel. Technologies aim to improve energy density, safety, and cost efficiency. Growth is driven by renewable energy integration and fuel-cell vehicle development.

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➣ Recent Developments:

✅ In July 2025, Toyota Research Institute unveiled an advanced solid-state hydrogen storage material capable of storing 30% more hydrogen at lower pressures. The innovation supports safer fuel cell vehicle applications.

✅ In June 2025, Linde commissioned a large-scale liquid hydrogen storage facility in Germany. The installation supports industrial hydrogen distribution and mobility infrastructure across the EU.

✅ In May 2025, Hexagon Purus partnered with Nikola Corporation to develop next-generation Type IV composite hydrogen cylinders. The collaboration aims to improve range and reduce vehicle weight for heavy-duty trucks.

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➣ Top Industry Players:

Air Liquide, Linde plc, H Bank Technology Inc., Hexagon Composites ASA, Cella Energy Limited, Praxair Technology Inc., VRV SPA, Pragma Industries, Eutectix LLC, and McPhy Energy SA.

➣ Latest News

Germany launched its largest hydrogen storage demonstration project at Storag Etzel in Lower Saxony (May 2025).​

India advanced tank and composite material R&D for mobility and grid storage under the Green Hydrogen Mission, with Indian Oil's 10,000 tonne/year green hydrogen plant at Panipat pushing storage technology commercialization.​

Hexagon Purus secured major contracts for European public transport and U.S. aerospace, maintaining global competitiveness despite market volatility.​

Underground hydrogen storage (UHS) in salt caverns and depleted fields is gaining momentum, with new pilot projects in Europe, the U.S., and China..

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➣ Market Segments:

By Type:
The market is segmented into physical-based storage and material-based storage. Physical-based storage focuses on storing substances through mechanical or physical processes, while material-based storage relies on chemical or material properties to hold and release energy or compounds. Each type supports different industrial demands and operational efficiencies.

By Application:
Key application areas include transportation, chemicals, oil refining, and metal working. Transportation uses storage solutions for fuel, energy, and operational fluids, while the chemicals sector depends on them for safe handling of raw materials and intermediates. Oil refining requires robust storage systems to manage various petroleum products, and metal working uses specialized storage to support lubrication, cooling, and process efficiency.

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