Market Forecast By Type of Storage (Cylinder, Merchant, On-board, On-site), By Applications (Transportation, Oil Refining, Industrial, Chemicals & Others), By Regions (North America, Latin America, Asia Pacific, Europe, Middle East & Africa), By Key Countries And Competitive Landscape
Product Code: ETC004530 | Publication Date: Oct 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Energy storage is increasing across the world and is anticipated to efficiently contribute to fundamentally changing the market dynamics of the electricity industry. A spur in digitization and increased innovation is expected to drive potential growth prospects for the global energy storage market in the coming timeframe. The development in the field of the automotive industry is posing bountiful opportunities for the growth of various energy-providing resources and hydrogen storage is also one of them. The increase in the need for providing the durability of vehicular movements over long distances is anticipated to be a potential driver in the growth of the Global Hydrogen Storage Market. A rise in the efforts of the respective governments towards decarbonization and promotion of fuel-efficient and sustainable future of the environment is expected to be a potential driver for an increase in the adoption of hydrogen storage in the coming years. Advancements in digital technology, predictive analysis for the deployment of efficient energy storage systems, and the introduction of artificial intelligence are expected to the potential drivers of the global hydrogen storage market in the coming timeframe and offer bountiful opportunities to the active industrialists to seek vast investment scope in the market in the coming years.
According to 6Wresearch, the Global Hydrogen Storage Market size is anticipated to register growth during 2020-26. The massive outbreak of COVID-19 has led to the destruction of varied industrial sectors across the world. However, between this unprecedented outbreak of the coronavirus outbreak, sustainability and clean energy fuel need still remains the need of the hour and has evolved as a challenging task for the economy globally. The hydrogen sector has reached its pre-commercialization phase and has been proven evident in the promotion of clean energy and a sustainable environment. The rising greed for decarbonizing the environment is expected to pose a need for increment in the clean energy provided by the efficient use of hydrogen and is anticipated to be a potential driver for the growth of the sector. However, the outbreak of COVID-19 has posed a delay in the adoption of such mechanisms as the three respective challenges which were faced by the industry pre-COVID period namely shortage of adequate funds, less inclined investors, and a shortfall in liquidity and these challenges have been worsened by the outbreak of the disease as the economic recession has been approached as a consequence of the virus spread. However, the growth of the market is expected to be ramped up post COVID period as the investors seek inclination towards the energy storage sector.
Proliferation towards the use of Renewable Energy is anticipated to Shape the Market Landscape of the Global Hydrogen Storage Market.
An increase in renewable energy use across the world is expected to be a vital growth driver for the increase in the adoption of hydrogen storage in the coming years. Renewable energy is playing a crucial role all across the globe towards a sustainable and carbon dioxide-free environment and has been proven evident in providing a safe and ambient industrial atmosphere in the coming timeframe. The share of the energy source is increasing each day across the globe but, fixing the same for a sustainable future in the existing grid and ongoing industrial processes to maintain individual flexibility is still a challenge. However, the efficient use of renewable energy to convert to hydrogen and then using the same as a replacement in grid systems to combat the emission of carbon dioxide is anticipated to provide immense industrial benefit and as a result, is expected to witness a proliferation in the coming years, which as a result is expected to leave a positive impact on the growth of the overall global hydrogen storage market as the greed for the need of sustainability increases across the world.
The Global Hydrogen Storage market report thoroughly covers the market by Type of Storage, Applications, and key regions including the Asia Pacific, Latin America, Middle East, Europe, North America, and Africa. The Global Hydrogen Storage market outlook report provides an unbiased and detailed analysis of the ongoing Global Hydrogen Storage market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The global hydrogen storage market is anticipated to witness substantial growth in the forthcoming years backed by the increased petroleum refining in the developed and developing countries where high use of hydrogen taken place concurrently with the increased demand for hydrogen storage. Several key players operating in the global hydrogen storage market are Eutectix LLC, Hanwha chemicals, H bank technology Inc, Sigma Aldrich Co-LLC, Hexagon composites ASA, Pragma industries, and like technologies LTD.
Key Highlights of the Report:
Markets Covered
The Global Hydrogen Storage Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Hydrogen Storage Market Overview |
3.1. Global Hydrogen Storage Market Revenues, 2016-2026F |
3.2. Global Hydrogen Storage Market Revenue Share, By Type of Storage, 2019 & 2026F |
3.3. Global Hydrogen Storage Market Revenue Share, By Applications, 2019 & 2026F |
3.5. Global Hydrogen Storage Market Revenue Share, By Regions, 2019 & 2026F |
3.6. Global Hydrogen Storage Market Industry Life Cycle |
3.7. Global Hydrogen Storage Market- Porter’s Five Forces |
4. Global Hydrogen Storage Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Hydrogen Storage Market Trends |
6. Global Hydrogen Storage Market Overview, By Type of Storage |
6.1. Global Hydrogen Storage Market Revenues, By Cylinder, 2016-2026F |
6.2. Global Hydrogen Storage Market Revenues, By Merchant, 2016-2026F |
6.3. Global Hydrogen Storage Market Revenues, By On-board, 2016-2026F |
6.4. Global Hydrogen Storage Market Revenues, By On-site, 2016-2026F |
7. Global Hydrogen Storage Market Overview, By Applications |
7.1. Global Hydrogen Storage Market Revenues, By Transportation, 2016-2026F |
7.2. Global Hydrogen Storage Market Revenues, By Oil Refining, 2016-2026F |
7.3. Global Hydrogen Storage Market Revenues, By Industrial, 2016-2026F |
7.4. Global Hydrogen Storage Market Revenues, By Chemical, 2016-2026F |
7.5. Global Hydrogen Storage Market Revenues, By Others, 2016-2026F |
8. Asia Pacific Hydrogen Storage Market Overview |
8.1. Asia Pacific Hydrogen Storage Market Revenue and Volume, 2016-2026F |
8.2. Asia Pacific Hydrogen Storage Market Revenue Share, By Type of Storage, 2018 & 2026F |
8.3. Asia Pacific Hydrogen Storage Market Revenue Share, By Applications, 2018 & 2026F |
8.4. Asia Pacific Hydrogen Storage Market Revenue Share, By Countries, 2018 & 2026F |
9. North America Hydrogen Storage Market Overview |
9.1. North America Hydrogen Storage Market Revenue and Volume, 2016-2026F |
9.2. North America Hydrogen Storage Market Revenue Share, By Type of Storage, 2019 & 2026F |
9.3. North America Hydrogen Storage Market Revenue Share, By Applications, 2019 & 2026F |
9.4. North America Hydrogen Storage Market Revenue Share, By Countries, 2019 & 2026F |
10. Latin America Hydrogen Storage Market Overview |
10.1. Latin America Hydrogen Storage Market Revenue and Volume, 2016-2026F |
10.2. Latin America Hydrogen Storage Market Revenue Share, By Type of Storage, 2019 & 2026F |
10.3. Latin America Hydrogen Storage Market Revenue Share, By Applications, 2019 & 2026F |
10.4. Latin America Hydrogen Storage Market Revenue Share, By Countries, 2019 & 2026F |
11. Europe Hydrogen Storage Market Overview |
11.1. Europe Hydrogen Storage Market Revenue and Volume, 2016-2026F |
11.2. Europe Hydrogen Storage Market Revenue Share, By Type of Storage, 2019 & 2026F |
11.3. Europe Hydrogen Storage Market Revenue Share, By Applications, 2019 & 2026F |
11.4. Europe Hydrogen Storage Market Revenue Share, By Countries, 2019 & 2026F |
12. Middle East Hydrogen Storage Market Overview |
12.1. Middle East Hydrogen Storage Market Revenue and Volume, 2016-2026F |
12.2. Middle East Hydrogen Storage Market Revenue Share, By Type of Storage, 2019 & 2026F |
12.3. Middle East Hydrogen Storage Market Revenue Share, By Applications, 2019 & 2026F |
12.4. Middle East Hydrogen Storage Market Revenue Share, By Countries, 2019 & 2026F |
13. Africa Hydrogen Storage Market Overview |
13.1. Africa Hydrogen Storage Market Revenue and Volume, 2016-2026F |
13.2. Africa Hydrogen Storage Market Revenue Share, By Type of Storage, 2019 & 2026F |
13.3. Africa Hydrogen Storage Market Revenue Share, By Applications, 2019 & 2026F |
13.4. Africa Hydrogen Storage Market Revenue Share, By Countries, 2019 & 2026F |
14. Global Hydrogen Storage Market Competitive Landscape |
14.1. Global Hydrogen Storage Market, By Companies, 2019 |
14.2. Asia Pacific Hydrogen Storage Market, By Companies, 2019 |
14.3. North America Hydrogen Storage Market, By Companies, 2019 |
14.4. Latin America Hydrogen Storage Market, By Companies, 2019 |
14.5. Europe Hydrogen Storage Market, By Companies, 2019 |
14.7. Middle East Hydrogen Storage Market, By Companies, 2019 |
14.8. Africa Hydrogen Storage Market, By Companies, 2019 |
15. Company Profiles |
16. Key Strategic Recommendations |