Hydrogen Storage Systems Market Report 2025 (Global Edition)

Global Hydrogen Storage Systems Market Report 2025 Market Size Split by Storage Type Outlook: (Onsite, On-board, Merchant / Bulk), by Outer Material Outlook: (Metal Hydride, Steel, Aluminum, Fiberglas...

Hydrogen Storage Systems Market Report Description

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Competitive Landscape of the Hydrogen Storage Systems Market

In the Hydrogen Storage Systems Market's competitive landscape, numerous key competitors are driving innovation and growth. The market research study on hydrogen storage systems has profiled key companies based on a number of factors, including company and financial overviews, business strategies, product portfolios, business sectors, and recent developments.

In March 2021, Luxfer Holdings Inc. purchased Worthington Industries Inc.'s SCI (Structural Composites Industries) division in order to take advantage of the expanding hydrogen market. The SCI team will join Luxfer's gas cylinders team. (Source: https://www.luxfercylinders.com/news/luxfer-acquires-structural-composites-industries/) In July 2021, Octopus Hydrogen and Luxfer Gas Cylinders, a division of Luxfer Holdings Inc., have joined forces to make the aviation and goods transportation sectors greener and cleaner. (Source: https://www.luxfer.com/press/announcing-supply-partnership-between-octopus-hydrogen-and-luxfer/) In March 2022, A combined venture between Air Liquide and Lotte Chemical aims to expand the hydrogen supply chain for mobility sectors. (Source: https://www.gasworld.com/story/air-liquide-and-lotte-chemical-strengthen-hydrogen-cooperation/2126138.article/#:~:text=LOTTE%2DAir%20Liquide%20Ener'Hy%20was%20established%20in%20December%202022,the%20second%20half%20of%202024.)

Top Companies Market Share in Hydrogen Storage Systems Industry: (In no particular order of Rank)

• Air Liquide
• Air Products Inc.
• Cummins Inc.
• Engie
• ITM Power
• Iwatani Corporation
• Linde plc
• Nedstack Fuel Cell Technology BV
• Nel ASA
• Steelhead Composites Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Hydrogen Storage Systems Market

Which Region Dominates the Hydrogen Storage Systems Market in 2024?

According to Cognitive Market Research, North America currently dominates the Hydrogen Storage Systems market, and the region is expected to have significant growth during the projected period. This is because of the region's governments' increased emphasis on lowering their carbon emissions and India's determination to lead the world in hydrogen production and storage.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), because the car industry in these areas is using more hydrogen and adopting more modern technologies.

The current report Scope analyzes Hydrogen Storage Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Hydrogen Storage Systems Market Analysis

According to Cognitive Market Research, the global Hydrogen Storage Systems Market size was estimated at USD 3142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1257.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Hydrogen Storage Systems Market with a market size of USD 991.77 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. The U.S. market's Stringent governmental regulations against pollution.
• The Canada Hydrogen Storage Systems Market had a market share of USD 150.84 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 114.39 million in 2024.

Europe Hydrogen Storage Systems Market Analysis

According to Cognitive Market Research, the global Hydrogen Storage Systems Market size was estimated at USD 3142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 942.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• The United Kingdom Hydrogen Storage Systems Market had a market share of USD 158.38 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. In the UK, Hydrogen Storage Systems sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 86.73 million in 2024.
• According to Cognitive Market Research, the German Hydrogen Storage Systems Market size was valued at USD 186.66 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. In Germany, Hydrogen Storage Systems surged due to the Increased focus of the manufacturers and major market players.
• The Italy Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 81.08 million in 2024.
• The Russia Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 146.13 million in 2024.
• The Spain Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD 77.31 million in 2024
• The Luxembourg Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 29.23 million in 2024.
• The Portugal Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 19.80 million in 2024.
• The Greece Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 11.31 million in 2024.
• The Rest of Europe's Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 146.13 million in 2024.

Asia Pacific Hydrogen Storage Systems Market Analysis

According to Cognitive Market Research, the global Hydrogen Storage Systems Market size was estimated at USD 3142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 722.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Hydrogen Storage Systems Market size was valued at USD 325.25 million in 2024 and is projected to grow at a CAGR of 13.7% during the forecast period. Hydrogen Storage Systems surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 99.74 million in 2024.
• The India Hydrogen Storage Systems Market had a market share of USD 86.73 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. India's rising awareness among the populations .
• The South Korean Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 72.28 million in 2024.
• The Australian Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 37.58 million in 2024.
• The South East Asia Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 49.87 million in 2024.
• The Rest of Asia Pacific Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 51.32 million in 2024.

South America Hydrogen Storage Systems Market Analysis

According to Cognitive Market Research, the global Hydrogen Storage Systems Market size was estimated at USD 3142.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 157.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Hydrogen Storage Systems Market size was valued at USD 67.25 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Hydrogen Storage Systems flourished in Brazil due to increasing demand for sustainable energy source.
• Argentina's Hydrogen Storage Systems Market had a market share of USD 26.40 million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. Argentina's rising investments.
• Colombia Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 13.98 million in 2024.
• Peru Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 12.88 million in 2024.
• Chile Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 11.31 million in 2024.
• The Rest of Latin America's Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 25.30 million in 2024.

Middle East Hydrogen Storage Systems Market Analysis

According to Cognitive Market Research, the global Hydrogen Storage Systems Market size was estimated at USD 3142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 62.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031..

• The GCC Countries Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 26.90 million in 2024. Hydrogen Storage Systems sales flourish due to the presence of major market players.
• The Egypt Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 6.60 million in 2024.
• The South Africa Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 9.93 million in 2024. Hydrogen Storage Systems sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 5.41 million in 2024.
• The Nigeria Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 6.60 million in 2024.
• The Rest of the MEA Hydrogen Storage Systems Market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 7.42 million in 2024.

Hydrogen Storage Systems Market Analysis

How are Segments Performing in the Global Hydrogen Storage Systems Market?

Hydrogen Storage Systems Market Storage Type Segment Analysis

According to Cognitive Market Research, onsite systems are likely to dominate the Hydrogen Storage Systems Market over the forecast period. Reliance on outside sources and possible interruptions in the hydrogen supply chain are decreased when storage facilities are situated right at the point of usage. It gives more control over the availability of hydrogen, particularly in isolated places or those with inadequate infrastructure for hydrogen distribution.

The bulk system is the fastest-growing segment in the Hydrogen Storage Systems Market. The growing demand for large-scale hydrogen storage in industrial applications, the integration of renewable energy sources, and hydrogen refueling stations are the main factors propelling the bulk storage segment of the market for hydrogen storage systems. It guarantees effective supply management for the transportation and energy industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hydrogen Storage Systems Industry. Request a Free Sample PDF!

Hydrogen Storage Systems Market Outer material Segment Analysis

According to Cognitive Market Research, the metal hydride segment holds the largest share of the market. Metal hydride storage systems are very appealing for applications where weight and space are crucial, like portable electronics or hydrogen fuel cartridges, because of their large store capacity.

In the Hydrogen Storage Systems Market, the steel has been expanding at a rapid pace, due to its strength, resilience to high pressures, and durability. It is widely utilized to guarantee safe and dependable hydrogen containment and delivery in both industrial and transportation applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hydrogen Storage Systems Form Outlook: Segment Analysis

Hydrogen Storage Systems Market Form Segment Analysis

According to Cognitive Market Research, The solid segment holds the largest market share. Solid hydrogen storage, or storage in another material, is one of the newer market niches. Techniques involving a material's ability to absorb or adsorb hydrogen are among the ways to store hydrogen in solid form.

In the Hydrogen Storage Systems Market, the rapidly growing sector is the liquid category. At this time, liquid hydrogen storage is only used for specific, high-tech purposes, such space travel, and for industrial bulk storage.

• Gaseous
• Liquid
• solid

Hydrogen Storage Systems Component Outlook: Segment Analysis

Hydrogen Storage Systems Market Component Segment Analysis

According to Cognitive Market Research, the pipe segment dominates the market, because essential to the safe movement of hydrogen from storage to end-use applications. These pipes, which are made of materials with great strength, guarantee integrity under high pressure, stopping leaks and preserving system effectiveness.

Valve is projected to be the fastest-growing segment in the Hydrogen Storage Systems Market, because crucial for controlling the flow, pressure, and safety of hydrogen. These valves are essential for stopping leaks, guaranteeing safe operation, and ensuring effective distribution in storage systems since they are made to endure high pressures.

• Pipe
• Valve
• Pump
• Tank

Hydrogen Storage Systems End-use industry Outlook: Segment Analysis

Hydrogen Storage Systems Market End-use industry Segment Analysis

According to Cognitive Market Research, the transportation segment dominates the market. The demand for hydrogen-powered fuel cell vehicles in the North American and European markets as a result of legislation requiring less CO2-emitting vehicles are the main factors propelling the growth of the physical hydrogen storage market in this category.p>

Chemical is projected to be the fastest-growing segment in the Hydrogen Storage Systems Market. For the chemical industry to produce a variety of chemicals, such as ammonia, methanol, and hydrogenation processes, hydrogen is an essential feedstock. These substances function as building blocks for a variety of goods, including synthetic fuels, fertilizers, polymers, and medications.

• Chemical
• Oil & Gas
• Transportation
• Metal Working
• Others

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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