Hydrogen Storage Market Trends, Growth | Industry Report, 2020-2026

1. Welcome To DataIntelo Hydrogen Storage Market Trends, Growth | Industry Report, 2020-2026 The global hydrogen storage market size is expected to enlarge during the forecast period, 2020-2026. Hydrogen storage is a matter of grave concern that is relevant for portable applications. Ideal storage conditions should enable high gravimetric and volumetric energy densities, release of fuel, quick uptake and adjustability to room temperatures. Currently, complex thermal management systems, low efficiency and other operating issues have created significant roadblocks for the industry. As a result, use of compressed hydrogen and storage techniques are been sought as robust solution and demonstrating a viable storage option for portability. Hydrogen storage ensures high efficiency for end-use operations since it is efficient for conducting water electrolysis with more than 80% heat recovery. Use of fuel

2. cells such as proton exchange membrane can achieve more than 55% efficiency which yields in combination of other fuel cells. And according to United States Department of Energy, electric vehicles need around 60% conversion efficiency between electric energy to mechanical work. Therefore, it can be presumed that although efficiency of battery vehicles can be raised, the improvement areas remain small. Market Trends, Drivers, Restraints and Opportunity: •Global Hydrogen storage market is anticipated to witness a huge surge in the following years attributing to the rise in demand as vehicle fuel and increasing commercialization. In addition, the market growth is induced by effective use of hydrogen for fuel cells for electricity •In addition, fuel cells occur in several types such as molten carbonate fuel cells (MCFC), polymer electrolyte membranes (PEM) and phosphoric acid fuel cells (PAFC). The significance of PEM is gaining a huge momentum for hydrogen storage •Hydrogen storage in transport vehicles is a growing trend and somehow it comes with various challenges. For instance, the storage is in either gaseous, solid or liquid form thereby creating transportation challenges. Despite the storage challenges, hydrogen is still preferred for transportation and it continues to be a trend •Increase in demand for hydrogen is expected to result in gaseous emissions that may lead to environmental concerns. Moreover, production costs are also expected to create growth challenges in the coming future Request for Free Sample: https://dataintelo.com/request- sample/?reportId=615 Scope of the Report: The report on global hydrogen storage market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenarios. Segment overview and dynamics have been included in the report. Attributes Details Base Year 2019

3. Historic Data 2018-2019 Forecast Period 2026 North America, Latin America, Europe, Asia Pacific, Middle-East and Africa. Regional Scope Market scope, analysis, share, competitive analysis, growth factors, restraints, opportunities and revenue forecast. Report Coverage Hydrogen Storage Market Segment Share Insights: Physical storage form dominated the market growth By storage form, hydrogen storage market can be segmented as physical and material. Physical storage form dominated the global market attributing to rise in use of hydrogen for various end-use sectors such as glass production, metal works and crude oil refining. North America maintains a high dominance in the global market By region, hydrogen storage market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. North America accounted for a high significance in the global market owing to government policies and specifications pertaining to chemical storage and ongoing incidences of R&D activities. In addition, the region facilitates in a high storage infrastructure complying with safety regulations. Commercial demand for hydrogen is also expected to play a significant role in the growth of regional markets. Europe is anticipated to witness a steady demand owing to stringent norms and regulations by governing authorities. Competitive Landscape: Some of the key players in the hydrogen storage market are Air Liquide, Worthington Industries Inc., Luxfer Holdings Inc., INOXCVA, McPhy Energy S.p.A., HBank Technologies. The key players are adopting innovative methods for product

4. launch to strengthen their geographical presence. Mergers & acquisitions, strategic collaboration and partnership alliances are some of the growth strategies identified. Segments Covered in the Report: The global hydrogen storage market can be segmented based on storage type, storage form and region. By Storage Type: •On-site •On-board •Cylinder By Storage Form: •Physical •Material By Region: •North America •LAMEA •Europe •Asia Pacific •Middle-East •Africa Discover More @ https://dataintelo.com