Hydrogen Storage Market: Growing Preference of Low Emission Fuels Driving Demand
ALBANY, New York, July 3, 2017 – The demand in the global hydrogen storage market will increment at a strong CAGR during the forecast period of 2017 to 2025, primarily gaining from the growing preference of low emission fuels, according a recent report by Transparency Market Research (TMR). The report, titled “Hydrogen Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” has been developed by a group of professional market research analysts, representing the current scenario and future prospects of the market for hydrogen storage to targeted audiences such as hydrogen storage manufacturers, suppliers, production companies, fuel cells associations, raw material suppliers, and government and research organizations.
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Besides providing in-depth analysis of all driving and restraining factors, the report divides the market into smaller segments to gauge their valuations, and profiles a number of leading companies in order to understand the competitive landscape as well as the entrance opportunities for the new players. The report also highlights the most lucrative regional markets for hydrogen storage.
Apart from escalating preference of low emission fuels, the global hydrogen storage market is expected to gain from factors such as growing demand for ammonia and methanol across the world, increasing private and public partnerships, and increasing usage of hydrogen storage tanks in the transportation application. On the other hand, the lack of infrastructure for hydrogen refueling in a number of emerging economies is somewhat hindering the market from achieving its true potential. Nevertheless, the development of low weight storage tanks, which ideally suit the transportation requirements and its application in hydrogen powered fuel cells is expected to open new opportunities for the vendors of the global hydrogen storage market, provided they can counter the already well-established infrastructure for electric cars.
Based on the form of storage, the global hydrogen storage market can be segmented into physical and material-based. On the basis of storage type, the market can be classified into merchant or bulk, cylinder, on-board, and on-site. End-use applications of hydrogen storage can be categorized into chemical, transportation, oil refining, metal working, and general industries.
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Geographically, the report analyzes the potential of hydrogen storage market in all important region such as North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Currently, vastly populated and home of several emerging economies, Asia Pacific, is the most lucrative region for the vendors of this market, and is expected to remain so throughout the forecast period.
Some of the leading companies in the global hydrogen storage market are Sigma-Aldrich Co. LLC, Cella Energy Inc., American Elements, Hexagon Composites ASA, ATM GmbH, Eutectix LLC, Hanwha Chemicals, H Bank Technology Inc., Ilika Technologies Ltd., and Pragma Industries.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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