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Hydrogen Energy Storage Market

Growing application as an alternative to fossil fuel and rise in demand for sustainable power source drive the growth of the global hydrogen energy storage market. On the other hand, high capital cost is expected to curb the growth to some extent. However, robust investment and government support are expected to create lucrative opportunities for the key players in the industry.

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Hydrogen Energy Storage Market

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Hydrogen Energy Storage Market by Product Type, Application and End User: Opportunity Analysis and Industry Forecast, 2020-2027 • Pages: 445 Tables: 213 Charts: 62

  2. Global Hydrogen Energy Storage Market Outlook (2020 – 2027) • Top Impacting Factors: • The global hydrogen energy storage market size was valued at $15.4 billion in 2019, and is projected to reach $25.4 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027. • Hydrogen energy storage is the process to store the excess amount of energy through electrolysis. • Hydrogen energy storage is widely used in fuel cell technologies for stationary power and transport applications. • Hydrogen energy storage as a replacement of conventional fossil fuel energy is expected to foster the market growth. • Based on product type, gas type emerged as the market leader. • Pages: 445 Tables: 213 Charts: 62

  3. Global Hydrogen Energy Storage Market Outlook (2020 – 2027) • Based on application, the stationary power segment garnered highest market growth, owing to increase in demand for renewable power sources. • Asia-Pacific accounted for highest revenue share, owing to the impact of productivity improvements. • Proliferating demand for sustainable energy resource is expected to drive the hydrogen energy storage market growth. • Hydrogen energy storage as a replacement of conventional fossil fuel energy is expected to foster the market growth. • Pages: 445 Tables: 213 Charts: 62

  4. Global Hydrogen Energy Storage Market Outlook (2020 – 2027) • Key Findings of The Water as a fuel Market : •  The solid hydrogen storage segment is projected to grow at the highest CAGR of approximately 9.2%, in terms of revenue, during the forecast period. • By application, the transportation segment held more than 50% market share with a CAGR of 6.1%, in terms of revenue, during the forecast period. • The Asia-pacific region dominated the hydrogen energy storage market with around 47% revenue share in 2019. • Pages: 445 Tables: 213 Charts: 62

  5. The key players profiled in the report include: • LINDE PLC • Plug Power • Air Products an • Chemicals • Hexagon Composites ASA • Fuel Cell Energy • ITM • Power • Worthington Industries • Nel Hydrogen • Air Liquide • Cummins Inc. Global Hydrogen Energy Storage Market Outlook (2020 – 2027) • Pages: 445 Tables: 213 Charts: 62

  6. Global Hydrogen Energy Storage Market Outlook (2020 – 2027) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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