Hydrogen Storage Equipment Market size is estimated to be USD 12.5 Billion in 2024 and is expected to reach USD 27.2 Billion by 2033 at a CAGR of 9.5% from 2026 to 2033.
In 2024, the global hydrogen storage equipment market was valued at approximately $3.45 billion and is projected to reach around $7.89 billion by 2030, reflecting a compound annual growth rate (CAGR) of 14.8% during the forecast period. Regionally, North America held a significant market share of 39.6%, driven by the presence of major gas companies and strong governmental support for hydrogen infrastructure development. The United States, as one of the top consumers of hydrogen globally, has well developed production and storage facilities to meet extensive domestic needs. The favorable business environment in countries like the U.S. and Canada has attracted substantial investments for establishing large scale production linked storage facilities near hydrogen consuming industrial clusters. Europe accounted for approximately 36.31% of the global market in 2023, with a valuation of $551.9 million. This dominance is stimulated by Europes robust policy framework and substantial investments aimed at transitioning to a low carbon economy. The European Unions Hydrogen Strategy, part of the European Green Deal, plays a critical role by setting ambitious targets for hydrogen production and infrastructure development. Asia Pacific is poised to grow at the highest CAGR of 16.44% in the forthcoming years, bolstered by significant advancements and increased investments in hydrogen technologies across the region. Countries such as China, Japan, and South Korea are leading this growth trajectory, with robust national strategies and substantial funding dedicated to developing hydrogen economies. Chinas emergence as a potential hydrogen powerhouse is marked by the announcement of over 50 hydrogen projects, including 28 transportation projects involving trains, ships, trucks, cars, and other mobility applications, boosting the demand for onboard hydrogen storage systems.
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Linde
Air Liquide
Air Products and Chemicals
Chart Industries
CIMC Enric
SINOPAC
Chiyoda Corporation
Hydrogenious
Jiangsu GUOFU Hydrogen Energy Equipment Co
Ltd
Beijing Whole Win Materials Sci&Tech
Luoyang Sunrui Special Equipment Co.
Ltd
Beijing Jingcheng Machinery Electric Holding
Shenyang Gas Cylinder Safety Technology Co.
Ltd
Sinoma Science & Technology
Beijing ChinaTank Industry Co
Ltd
Shanghai Sunwise
China Aerospace Science and Technology Corporation
Beijing Fullcryo
Wuhan Hynertech
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hydrogen Storage Equipment Market
Compressed Hydrogen Storage
Metal Hydrides
Chemical Hydrogen Storage
Liquid Hydrogen Storage
Adsorption-based Storage
Fuel Cells
Transportation
Industrial
Power Generation
Energy Storage Systems
Automotive
Aerospace
Industrial Manufacturing
Energy and Utilities
Residential and Commercial
Small Scale (up to 100 kg)
Medium Scale (100 kg to 1,000 kg)
Large Scale (over 1,000 kg)
Portable Systems
Stationary Systems
Storage Tanks
Pipelines and Valves
Compressors
Pressure Relief Devices
Monitoring and Control Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hydrogen Storage Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hydrogen Storage Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydrogen Storage Equipment Market, By Type
6. Global Hydrogen Storage Equipment Market, By Application
7. Global Hydrogen Storage Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hydrogen Storage Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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