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4Q 2021

Hydrogen Storage Technologies Market

Review of the State of Hydrogen Storage Technologies: Forecast and Analysis

To combat climate change, carbon emissions globally must be cut 25% by 2030. To achieve this goal, a strong emphasis on decarbonization across all energy needs is required. Sector-coupling, an avenue in which green hydrogen is an integral fuel for facilitating a transition to net zero, is gaining momentum. Given its versatility, hydrogen has applications in industrial decarbonization, fueling the transportation sector, district heating and agriculture, refineries, and the electric power sector. Hence, it is anticipated that global hydrogen demand will increase two-fold by 2030 and approximately five-fold by 2050 in comparison with its demand for 2020 (approximately 90 million tons of hydrogen).

To satisfy this forecast increase in hydrogen demand, scaling up infrastructure across generation, transmission, distribution, and storage is imperative. Owing to inherent variability along the hydrogen supply-demand chain, hydrogen storage is critical to the development of the hydrogen economy. Hydrogen can be stored in three different states (gas, liquid, and solid) governed by land availability, the presence of excess renewable energy, and the maturity of storage technology and the associated costs.

This Guidehouse Insights report provides forecasts for the market potential for hydrogen storage technologies. The chief objective of this report is to determine the status of this emerging industry and the potential future growth of hydrogen technologies. All major global regions are included (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and the report examines a 10-year forecast period through 2030. The report also notes market drivers and barriers and technology trends in the hydrogen storage technologies space.

Pages 49
Tables | Charts | Figures 40
  • What is driving adoption of hydrogen storage technologies?
  • What market barriers are limiting growth of the hydrogen storage technologies market?
  • What are the key differences among hydrogen storage technologies?
  • How does the hydrogen storage technologies market vary by region?
  • What is the expected global revenue and capacity of hydrogen storage technologies in 2030?
  • Electrolyzer manufacturers
  • Government agencies
  • Hydrogen nonprofits and research organizations
  • Renewable technology developers
  • Utilities
  • On-road and off-road transportation companies
  • Investor community

1. Executive Summary

1.1   Emerging Need for Hydrogen Storage Technologies

1.2   Global Outlook

2. Market Issues

2.1   Introduction

2.2   Hydrogen Storage Technologies

2.2.1   Gaseous Hydrogen Storage

2.2.2   Liquid Hydrogen Storage

2.2.3   Metal Hydrides

2.2.4   Comparison of Different Hydrogen Storage Methods

2.3   Market Drivers

2.3.1   Hydrogen’s Decarbonization Potential

2.3.2   Increased Need for Hydrogen to Provide Flexible Power and Mobility

2.3.3   Potential for Hydrogen Storage to Leverage Existing Infrastructure

2.3.4   Global Government Support

2.4   Market Barriers

2.4.1   Higher Costs of Green Hydrogen Production

2.4.2   Value Chain Complexity and Infrastructure Needs

2.4.3   Storage Costs  

2.4.4   Challenges to Hydrogen Storage Technologies

2.5   Key Performance Indicators

3. Market Forecasts

3.1   Methodology

3.2   Global Market Overview

3.2.1   Hydrogen Storage Capacity Forecast

3.2.2   Hydrogen Storage Revenue Forecast

3.2.3   Hydrogen Storage Forecast by Technology

3.2.4   Hydrogen Storage Forecast by Application

3.3   Regional Market Overview

3.3.1   North America

3.3.2   Europe

3.3.3   Asia Pacific

3.3.4   Rest of the World

4. Conclusions and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8.   Scope of Study, Sources, and Methodology, Notes

  • Hydrogen Storage Technology Capacity by Region, World Markets: 2021-2030
  • Hydrogen Storage Technology Revenue by Region, World Markets: 2021-2030
  • Hydrogen Storage Capacity by Technology, World Markets: 2021-2030
  • Hydrogen Storage Revenue by Technology, World Markets: 2021-2030
  • Hydrogen Storage Capacity by Application, World Markets: 2021-2030
  • Hydrogen Storage Capacity by Technology, North America: 2021-2030
  • Hydrogen Storage Revenue by Technology, North America: 2021-2030
  • Hydrogen Storage Capacity by Application, North America: 2021-2030
  • Hydrogen Storage Capacity by Application, Europe: 2021-2030
  • Hydrogen Storage Capacity by Technology, Europe: 2021-2030
  • Hydrogen Storage Revenue by Technology, Europe: 2021-2030
  • Hydrogen Storage Capacity by Application, Asia Pacific: 2021-2030
  • Hydrogen Storage Capacity by Technology, Asia Pacific: 2021-2030
  • Hydrogen Storage Revenue by Technology, Asia Pacific: 2021-2030
  • Hydrogen Storage Capacity by Technology, Rest of the World: 2021-2030
  • Hydrogen Storage Revenue by Technology, Rest of the World: 2021-2030
  • Hydrogen Storage Technology Capacity by Region, World Markets: 2021-2030
  • Hydrogen Storage Technology Revenue by Region, World Markets: 2021-2030
  • Hydrogen Storage Capacity by Technology, World Markets: 2021-2030
  • Hydrogen Storage Revenue by Technology, World Markets: 2021-2030
  • Hydrogen Storage Capacity by Application, World Markets: 2021-2030
  • Hydrogen Storage Capacity by Technology, North America: 2021-2030
  • Hydrogen Storage Revenue by Technology, North America: 2021-2030
  • Hydrogen Storage Capacity by Application, North America: 2021-2030
  • Hydrogen Storage Capacity by Technology, Europe: 2021-2030
  • Hydrogen Storage Revenue by Technology, Europe: 2021-2030
  • Hydrogen Storage Capacity by Application, Europe: 2021-2030
  • Hydrogen Storage Capacity by Technology, Asia Pacific: 2021-2030
  • Hydrogen Storage Revenue by Technology, Asia Pacific: 2021-2030
  • Hydrogen Storage Capacity by Application, Asia Pacific: 2021-2030
  • Hydrogen Storage Capacity by Technology, Latin America: 2021-2030
  • Hydrogen Storage Revenue by Technology, Latin America: 2021-2030
  • Hydrogen Storage Capacity by Application, Latin America: 2021-2030
  • Hydrogen Storage Capacity by Technology, Middle East & Africa: 2021-2030
  • Hydrogen Storage Revenue by Technology, Middle East & Africa: 2021-2030
  • Hydrogen Storage Capacity by Application, Middle East & Africa: 2021-2030
  • Hydrogen Storage Capacity by Technology, Rest of the World: 2021-2030
  • Hydrogen Storage Revenue by Technology, Rest of the World: 2021-2030
  • Hydrogen Storage Capacity by Application, Rest of the World: 2021-2030
  • Comparison of Different Hydrogen Storage Technologies
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