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Global Hydrogen Energy Storage Market Synopsis:
The detailed report published by Market Research Future (MRFR) projects that the global hydrogen energy storage market is marked to exhibit noteworthy expansion at a CAGR of 8.50% during the forecast period from 2016 to 2023 and generate significant revenue by the end of the review period.
Increased research activities for the development of alternative energy solutions in order to reduce the consumption of fossil fuels, increased emphasis on utilizing cleaner fuel, high demand for alternative power sources as a result of increased energy consumption due to rapid rise in population, and rising environmental concerns regarding the adverse effects caused due to vehicle emission are majorly propelling the growth of the global hydrogen energy storage market during the assessment period.
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Hydrogen Energy Storage Market Leading Players Analyzed are:
The key players profiled by Market Research Future (MRFR) that are operating in the global hydrogen energy storage market are Worthington Industries Inc., Praxair Inc, Linde AG., VRV S.P.A, Hbank Technologies Inc., Inoxcva, Mcphy Energy S.A, Luxfer Holdings PLC, Air Liquide, and others.
The players in the global hydrogen energy storage market are introducing innovative and technologically advanced solutions to ensure high quality and cost effectivity of the products in order to expand their businesses in the global hydrogen energy storage market. Strategically planned mergers and acquisitions along with collaborations in multiple projects are aiding these players in sustaining the competition in the global hydrogen energy storage market during the assessment period.
Global Hydrogen Energy Storage Market Segmental Analysis:
The global hydrogen energy storage market has been segmented on the basis of technology and end-users.
Based on technology, the global hydrogen energy storage market has been segmented into liquid hydrogen, metal hydrides, carbon absorption, and underground salt caverns. The liquid hydrogen segment commands for the major share of the global hydrogen energy storage market. The high demand for clean and effective energy source is fueling the growth of this segment in the global hydrogen energy storage market during the assessment period.
Based on end users, the global hydrogen energy storage market has been segmented into power generation, transportation, chemicals, metal working, and others.
Regional Analysis
Geographically, the global hydrogen energy storage market has been segmented into five major regions such as North America, South America, Asia Pacific (APAC), Europe, and the Middle East and Africa.
Region wise, Asia-Pacific held the largest market share of the global hydrogen energy storage Market in 2018. Rising demand for hydrogen storage in the Asia-Pacific region is mainly driven by strong demand for ammonia and methanol from countries such as China, India, and Australia. Also, stringent regulations in China on oil refineries for producing cleaner fuels is expected to further boost the hydrogen energy storage market. Moreover, the government in South Korea and Japan have announced subsidies for manufacturing hydrogen powered fuel cell vehicles and has also extended financial support in developing hydrogen infrastructure further driving the hydrogen energy storage market.
Industry Updates
In February 2019, Chroma, a leading test and measurement instrumentation manufacturer, has announced its collaboration with Hephas Energy, a supplier of fuel cell test equipment, in order to test hydrogen fuel cells to expand Chroma's product scope.
In February 2019, Shell, a global oil company, has announced its agreement to acquire 100 percent of Sonnen, a leading provider of smart energy storage systems and innovative energy services for household purposes.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
Continued……
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Hydrogen Energy Storage Market Share, By Technology, 2017 (%)
Continued……
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Contact Info:
Name: Market Research Future
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Organization: Market Research Future
Address: Market Research Future, Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/hydrogen-energy-storage-market-7216
Release ID: 88899726
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