Key Players of Hydrogen Storage Market With Market Size | Manufacturers 2025

Key Players of Hydrogen Storage Market With Market Size

The hydrogen storage market is shaped significantly by key players who drive innovation and development in this burgeoning field. Companies like Air Liquide, Linde PLC, and Air Products and Chemicals, Inc. play crucial roles in advancing storage technologies and expanding the infrastructure necessary for hydrogen utilization. These organizations invest in research and development to improve the efficiency and safety of hydrogen storage solutions, such as compressed gas, liquid hydrogen, and hydrogen carriers. Their collaborations with governmental bodies and research institutes further aid in overcoming the technical and economic challenges associated with hydrogen storage, thus accelerating the transition towards a hydrogen-based economy.

Furthermore, the market for hydrogen storage is expanding as a result of developments in electrolysis technology. Electrolyzers separate water into hydrogen and oxygen gas using renewable energy sources like solar or wind power. In addition to producing clean hydrogen, this technology offers a way to store extra renewable energy for use in peak demand periods. As per 6Wresearch, as of 2025, the market size is valued at approximately $16.5 billion, with expectations to reach around $27 billion by 2031. This growth is driven by a CAGR of about 11.6% during the forecast period.

List of Leading Companies in the Hydrogen Storage Market

1. Air Liquide

Air Liquide is a global leader in gases, technologies, and services for industry and health. The company is heavily invested in hydrogen energy solutions, focusing on developing innovative storage and transportation technologies.

2. Linde

Linde is at the forefront of industrial gas and engineering, with a significant focus on hydrogen. They provide comprehensive hydrogen storage solutions to support sustainability and energy transition initiatives worldwide.

3. Ballard Power Systems

Specializing in fuel cell technology, Ballard Power Systems contributes to the hydrogen market by providing effective solutions for storing hydrogen, which plays a crucial role in renewable energy sectors.

4. Hydrogenics (Cummins Inc.)

A leading player in hydrogen technology, Hydrogenics, now part of Cummins Inc., focuses on the production and storage of hydrogen for various commercial applications, including transport and industrial use.

5. FuelCell Energy

FuelCell Energy is a key player in clean energy technologies, with products and services designed to store and utilize hydrogen efficiently, boasting a significant impact on clean energy transition.

6. Nel ASA

Nel ASA is a world leader in hydrogen production and storage solutions. The company is committed to providing efficient hydrogen storage systems and has a strong presence in renewable energy projects.

7. Plug Power

As a leading provider of hydrogen solutions, Plug Power stands out with its comprehensive storage solutions that support both commercial and industrial applications aimed at reducing carbon footprints.

8. Hexagon Composites

Hexagon Composites specializes in lightweight storage solutions for hydrogen and other gases. Their innovation focuses on enhancing the efficiency and safety of hydrogen transport and storage.

9. Toyota Tsusho

Toyota Tsusho is an influential player in the hydrogen economy, offering advanced storage solutions to support automotive and industrial sectors' growing hydrogen needs.

10. Chart Industries

Known for precision engineering, Chart Industries provides innovative equipment and systems for storing and handling liquefied gases, including hydrogen, with an emphasis on supporting the energy transition.

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