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Hydrogen Storage: Materials, Technologies and Global Markets

Hydrogen Storage: Materials, Technologies and Global Markets

The global hydrogen storage materials and technologies market reached $3.6 billion in 2016. The market should reach nearly $5.4 billion by 2021, growing at a compound annual growth rate (CAGR) of 8.1% from 2016 to 2021.

Report Includes
An overview of the global markets for hydrogen storage materials technologies.
Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.
Analyses of the market by storage type, application, and end user/industry.
Detailed discussion of the impact of the key trends and key stakeholders in the market.
In-depth patent analysis of hydrogen storage material technologies that are currently under investigation or new in the market.
Profiles of manufacturers of hydrogen storage materials technologies.

Report Scope
Hydrogen is identified as a key future energy source. However, storing hydrogen can be a challenge and requires development of advanced storage methods. Hence, the hydrogen storage space requires the presence of companies that are specialized in various hydrogen storage technologies. BCC Research defines hydrogen storage technologies as various forms of materials, storage media and technology used to store hydrogen in a form that can be used as energy source as and when required.

Hydrogen can be stored physically or can be stored using chemical or material-based methods. Physical storage currently dominates the market, and in physical form, hydrogen can be stored as either a gas or a liquid. Materials-based hydrogen storage includes metal hydride, chemical hydrogen storage and sorbent materials.

Hydrogen storage is the key enabling technology for the advancement of hydrogen and fuel cell technologies in various end-user industries such as chemicals, oil refining, metal processing, and transportation. Of these, the chemicals end-user segment accounts for the majority of the market; however, the transportation end-user segment is witnessing the strongest growth in all geographical regions.

To calculate and segment the market, BCC Research has considered physical, chemical and material-based storage technologies for the hydrogen storage market. Along with product and solutions revenue, BCC Research has also considered services revenue that a company reports within its total revenue. The report includes distinct types of companies such as:

Hydrogen production, fuel cell and hydrogen storage material and technology providers.
Manufacturers of industrial gases and related products.
Metal and advanced material manufacturers.
Others, including storage (such as high-pressure cylinder) suppliers and manufacturers.

However, stand-alone service providers that most often provide post-sales services are out of the scope of this report. Services that are not directly related to hydrogen storage technologies such as education, consulting, training, etc., are beyond the scope of this report. Further, other forms of energy storage providers (companies) are beyond the scope of this report and hence are not covered.
The report begins by introducing the reader to how the market for hydrogen storage materials and technologies has evolved over time and how various factors impact the market. Building on this, the study proceeds to identify the following:

Primary forces with a direct impact on the hydrogen storage materials and technologies markets.
Secondary forces that have an indirect impact.
Key funding and financing in this space.
Some key challenges that may hinder the growth of this market.
Key trends visible in the market.
Leading applications of hydrogen storage technologies, along with leading end-user segments.
Demand in APAC, North America, Europe, MEA, and South America for hydrogen storage technologies.


Chapter 1: Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2: Summary and Highlights
Chapter 3: Market and Technology Background
Need for Energy Storage
China
India
Hydrogen as an Energy Source and Hydrogen Storage
Hydrogen as an Alternative Fuel
Benefits of Hydrogen as a Fuel
Hydrogen Storage
Evolution of the Hydrogen Storage Market
Various Storage Types
Physical Storage
Material-based Storage
New Developments in the Hydrogen Storage Space
Growing Use of Electrolyzers
Hydrogen-powered Polymer Electrolyte Membrane Fuel Cells
Compact Mobile Hydrogen Carrier
Zero Emission Hydrogen Train
Expansion of Hydrogen Fuel Cell-powered Automobiles
Nanotechnology in Hydrogen Storage
Liquid Organic Hydrogen Carriers (LOHC)
Various Stakeholders in the Hydrogen Storage Materials and Technologies Market
Hydrogen Production, Fuel Cell and Hydrogen Storage Materials and Technology Providers
Manufacturers of Industrial Gases and Related Products
Metal and Advanced Material Manufacturers
Others, including Storage (such as High-pressure Cylinder) Suppliers and Manufacturers
Growth Forecast of the Hydrogen Storage Materials and Technologies Market
Major Market Forces
Government Regulations and Stringent Environmental Standards for Cleaner Fuel
Growing Demand for Transportation Fuels
Increase in Oil Consumption and its Declining Availability
Growing Knowledge of Impact of Crude Oil on Environment
Growing Urbanization and Growth in Disposable Income
Key Strategies in the Hydrogen Storage Materials and Technologies Market
Mergers and Acquisitions
Partnerships at Peer Level
Strategic Alliances, Joint Ventures and Partnerships
Geographic Expansion
Financing and Funding/Investments
Chapter 4: Market Breakdown by Storage Type
Physical Storage
Liquid Hydrogen for Space Exploration
Underground Hydrogen Storage
Chemical or Material-based Storage
Nanoconfinement
Liquid Organic Hydrogen Carriers (LOHC)
Chapter 5: Market Breakdown by End User
Chemical Industry
Oil Refining Industry
Metal Processing Industry
Transportation and Mobility Sector
Chapter 6: Market Breakdown by Application
Stationary Power
Portable Power
Transportation
Chapter 7: Market Breakdown by Region
Asia Pacific
China
Japan
South Korea
Australia
India
North America
The U.S
Canada
Europe
Germany
The U.K.
France
Italy
Middle East and Africa (MEA)
Hydrogen South Africa (HySA):
South America
Chapter 8: Patent Review, New Development
Chapter 9: Industry Structure
Overview
Competition among Existing Players
Threat of New Entrants
Key Trends in the Global Hydrogen Storage Materials and Technologies Market
Continued Strong Growth of APAC Region
Transportation Segment to Be the Strongest Growing Segment
Continued Partnership between Companies and Research Institutions
New Developments and Innovation in the Market
Entrance of New Companies to Continue
Venture Capital Funding and Investments
Industry Challenges and Concerns
Low Knowledge of Hydrogen Economy and Storage in Certain Regions
High Price of Hydrogen Fuel Cell Cars and Hence Their Limited Acceptance
Hydrogen Storage and Portability Issues
Slow Economic Development
Chapter 10: Company Profiles
About BCC Research
About BCC Research
BCC Membership
BCC Custom Research
List of Tables
Summary Table Global Market for Hydrogen Storage: Materials and Technologies, by Storage Type,
Through 2021 ($ Millions)
Table 1 Global Net Electricity Generation by Energy Source, 2012-2040 (Trillion Kilowatt Hours/kWh) 15
Table 2 Some Key Companies in the Global Hydrogen Storage Materials and Technologies Market
Table 3 Key Hydrogen Production, Fuel Cell and Hydrogen Storage Materials and Technology Providers
Table 4 Key Providers of Industrial Gases and Related Products
Table 5 Key Metal and Advanced Material Manufacturers
Table 6 Key Storage Suppliers, Manufacturers and Other Players in the Hydrogen Storage Materials and
Technologies Market
Table 7 Global Market for Hydrogen Storage Materials and Technologies, Through 2021 ($ Millions)
Table 8 Market Drivers and Their Impact on the Global Market for Hydrogen Storage Materials and
Technologies
Table 9 Global Market for Hydrogen Storage Materials and Technologies by Market Drivers and Region
Table 10 Recent Key Acquisitions in the Hydrogen Storage Materials and Technologies Market
Table 11 Key Partnerships at Peer Level in the Hydrogen Storage Materials and Technologies Market .. 34
Table 12 Key Partnerships among Different Stakeholders in the Hydrogen Storage Materials and
Technologies Market
Table 13 Key Funding and Investment Activity in the Hydrogen Storage Materials and Technologies
Market
Table 14 Global Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through
2021 ($ Millions)
Table 15 Global Market for Physical Storage, Through 2021 ($ Millions/%)
Table 16 Global Market for Chemical or Material-based Storage, Through 2021 ($ Millions/ %)
Table 17 Key Companies in the Chemical or Material-based Storage Space
Table 18 Global Market for Hydrogen Storage Materials and Technologies, by End User, Through 2021
($ Millions)
Table 19 Global Market for Hydrogen Storage Materials and Technologies in the Chemical Industry,
Through 2021 ($ Millions/%)
Table 20 Global Market for Hydrogen Storage Materials and Technologies in Oil Refining, Through 2021
($ Millions/%)
Table 21 Global Market for Hydrogen Storage Materials and Technologies in Metal Processing, Through
2021 ($ Millions/%)
Table 22 Global Market for Hydrogen Storage Materials and Technologies in Transportation and
Mobility, Through 2021 ($ Millions/%)
Table 23 Global Market for Hydrogen Storage Materials and Technologies, by Application, Through 2021
($ Millions)
Table 24 Global Market for Hydrogen Storage Materials and Technologies in Stationary Power, Through
2021 ($ Millions/%)
Table 25 Global Market for Hydrogen Storage Materials and Technologies in Portable Power, Through
2021 ($ Millions/%)
Table 26 Global Market for Hydrogen Storage: Materials and Technologies in Transportation, Through
2021 ($ Millions/%)
Table 27 Application Segments and their Current Growth and Attractiveness in the Global Market for
Hydrogen Storage Materials and Technologies
Table 28 Global Market for Hydrogen Storage Materials and Technologies, by Region, Through 2021
($ Millions)
Table 29 Global Market Share for Hydrogen Storage Materials and Technologies, by Region, 2015-2021
(%)
Table 30 APAC Market for Hydrogen Storage Materials and Technologies, by Country, Through 2021
($ Millions)
Table 31 APAC Market Share for Hydrogen Storage Materials and Technologies, by Country, 2015-2021
(%)
Table 32 APAC Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through
2021 ($ Millions)
Table 33 APAC Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2015-
2021 (%)
Table 34 APAC Market for Hydrogen Storage Materials and Technologies, by Application, Through 2021
($ Millions)
Table 35 APAC Market Share for Hydrogen Storage Materials and Technologies, by Application, 2015-
2021 (%)
Table 36 APAC Market for Hydrogen Storage Materials and Technologies, by End User, Through 2021 ($
Millions)
Table 37 APAC Market Share for Hydrogen Storage Materials and Technologies, by End User, 2015-2021
(%)
Table 38 The China Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 39 The Japan Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 40 The South Korea Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 41 The Australia Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 42 The India Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 43 The North America Market for Hydrogen Storage Materials and Technologies, by Country,
Through 2021 ($ Millions)
Table 44 The North America Market for Hydrogen Storage Materials and Technologies, by Country,
2015-2021 (%)
Table 45 The North America Market for Hydrogen Storage Materials and Technologies, by Storage Type,
Through 2021 ($ Millions)
Table 46 The North America Market for Hydrogen Storage Materials and Technologies, by Storage Type,
2015-2021 (%)
Table 47 The North America Market for Hydrogen Storage Materials and Technologies, by Application,
Through 2021 ($ Millions)
Table 48 The North America Market for Hydrogen Storage Materials and Technologies, by Application,
2015-2021 (%)
Table 49 The North America Market for Hydrogen Storage Materials and Technologies, by End User,
Through 2021 ($ Millions)
Table 50 The North America Market for Hydrogen Storage Materials and Technologies, by End User,
2015-2021 (%)
Table 51 The U.S. Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 52 The Canadian Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 53 The Europe Market for Hydrogen Storage Materials and Technologies, by Country, Through
2021 ($ Millions)
Table 54 The European Market for Hydrogen Storage Materials and Technologies, by Country, 2015-
2021 (%)
Table 55 The European Market for Hydrogen Storage Materials and Technologies, by Storage Type,
Through 2021 ($ Millions)
Table 56 The European Market for Hydrogen Storage Materials and Technologies, by Storage Type,
2015-2021 (%)
Table 57 The European Market for Hydrogen Storage Materials and Technologies, by Application,
Through 2021 ($ Millions)
Table 58 The European Market for Hydrogen Storage Materials and Technologies, by Application, 2015-
2021 (%)
Table 59 The European Market for Hydrogen Storage Materials and Technologies, by End User, Through
2021 ($ Millions)
Table 60 The European Market for Hydrogen Storage Materials and Technologies, by End User, 2015-
2021 (%)
Table 61 The German Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 62 The U.K. Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 63 The French Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 64 The Italian Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions/%)
Table 65 The MEA Market for Hydrogen Storage Materials and Technologies, Through 2021 ($ Millions)
Table 66 The South American Market for Hydrogen Storage Materials and Technologies, Through 2021
($ Millions)
Table 67 Key Funding and Investments in the Global Market for Hydrogen Storage Materials and
Technologies
Table 68 Key Challenges and their Impact on the Global Market for Hydrogen Storage Materials and
Technologies
List of Figures
Summary Figure: Global Market for Hydrogen Storage: Materials and Technologies, by Storage Type,
2015-2021 ($ Millions)
Figure 1 Global Net Electricity Generation by Energy Source, 2012-2040 (Trillion kilowatt hours/kWh)
Figure 2 Global Market for Hydrogen Storage Materials and Technologies, 2015-2021 ($ Millions)
Figure 3 Global Market for Hydrogen Storage Materials and Technologies, by Storage Type, 2015-2021
($ Millions)
Figure 4 Global Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2015
(%)
Figure 5 Global Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2016
(%)
Figure 6 Global Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2021
(%)
Figure 7 Global Market for Physical Storage, 2015-2021 ($ Millions/%)
Figure 8 Global Market for Chemical or Material-based Storage, 2015-2021 ($ Millions/%)
Figure 9 Global Market for Hydrogen Storage Materials and Technologies, by End User, 2015-2021 ($
Millions)
Figure 10 Global Market Share for Hydrogen Storage Materials and Technologies, by End User, 2015 (%)
Figure 11 Global Market Share for Hydrogen Storage Materials and Technologies, by End User, 2016 (%)
Figure 12 Global Market Share for Hydrogen Storage Materials and Technologies, by End User, 2021 (%)
Figure 13 Global Market for Hydrogen Storage Materials and Technologies in Chemical Industry, 2015-
2021 ($ Millions/%)
Figure 14 Global Market for Hydrogen Storage Materials and Technologies in Oil Refining, 2015-2021
($ Millions/%)
Figure 15 Global Market for Hydrogen Storage Materials and Technologies in Metal Processing, 2015-
2021 ($ Millions/%)
Figure 16 Global Market for Hydrogen Storage Materials and Technologies in Transportation and
Mobility, 2015-2021 ($ Millions/%)
Figure 17 Global Market for Hydrogen Storage Materials and Technologies, by Application, 2015-2021
($ Millions)
Figure 18 Global Market Share for Hydrogen Storage Materials and Technologies, by Application, 2015
(%)
Figure 19 Global Market Share for Hydrogen Storage Materials and Technologies, by Application, 2016
(%)
Figure 20 Global Market Share for Hydrogen Storage Materials and Technologies, by Application, 2021
(%)
Figure 21 Global Market for Hydrogen Storage Materials and Technologies in Stationary Power, 2015-
2021 ($ Millions/%)
Figure 22 Global Market for Hydrogen Storage Materials and Technologies in Portable Power, 2015-
2021 ($ Millions/%)
Figure 23 Global Market for Hydrogen Storage Materials and Technologies in Transportation, 2015-2021
($ Millions/%)
Figure 24 Global Market for Hydrogen Storage Materials and Technologies, by Region, 2015-2021
($ Millions)
Figure 25 Global Market Share for Hydrogen Storage Materials and Technologies, by Region, 2015 (%)
Figure 26 Global Market Share for Hydrogen Storage Materials and Technologies, by Region, 2016 (%)
Figure 27 Global Market Share for Hydrogen Storage Materials and Technologies, by Region, 2021 (%)
Figure 28 APAC Market for Hydrogen Storage Materials and Technologies, by Country, 2015-2021
($ Millions)
Figure 29 APAC Market Share for Hydrogen Storage Materials and Technologies, by Country, 2015 (%)
Figure 30 APAC Market Share for Hydrogen Storage Materials and Technologies, by Country, 2016 (%)
Figure 31 APAC Market Share for Hydrogen Storage Materials and Technologies, by Country, 2021 (%)
Figure 32 APAC Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2015-
2021 ($ Millions)
Figure 33 APAC Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2015
(%)
Figure 34 APAC Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2016
(%)
Figure 35 APAC Market Share for Hydrogen Storage Materials and Technologies, by Storage Type, 2021
(%)
Figure 36 APAC Market for Hydrogen Storage Materials and Technologies, by Application, 2015-2021
($ Millions)
Figure 37 APAC Market Share for Hydrogen Storage Materials and Technologies, by Application, 2015
(%)
Figure 38 APAC Market Share for Hydrogen Storage Materials and Technologies, by Application, 2016
(%)
Figure 39 APAC Market Share for Hydrogen Storage Materials and Technologies, by Application, 2021
(%)
Figure 40 APAC Market for Hydrogen Storage Materials and Technologies, by End User, 2015-2021
($ Millions)
Figure 41 APAC Market Share for Hydrogen Storage Materials and Technologies, by End User, 2015 (%)
Figure 42 APAC Market Share for Hydrogen Storage Materials and Technologies, by End User, 2016 (%)
Figure 43 APAC Market Share for Hydrogen Storage Materials and Technologies, by End User, 2021 (%)
Figure 44 The China Market for Hydrogen Storage Materials and Technologies, 2015-2021 ($ Millions/%)
Figure 45 The Japan Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 46 The South Korea Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 47 The Australia Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 48 The India Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 49 The North America Market for Hydrogen Storage Materials and Technologies, by Country,
2015-2021 ($ Millions)
Figure 50 The North America Market for Hydrogen Storage Materials and Technologies, by Country,
2015 (%)
Figure 51 The North America Market for Hydrogen Storage Materials and Technologies, by Country,
2016 (%)
Figure 52 The North America Market for Hydrogen Storage Materials and Technologies, by Country,
2021 (%)
Figure 53 The North America Market for Hydrogen Storage Materials and Technologies, by Storage
Type, 2015-2021 ($ Millions)
Figure 54 The North America Market for Hydrogen Storage Materials and Technologies, by Storage
Type, 2015 (%)
Figure 55 The North America Market for Hydrogen Storage Materials and Technologies, by Storage
Type, 2016 (%)
Figure 56 The North America Market for Hydrogen Storage Materials and Technologies, by Storage
Type, 2021 (%)
Figure 57 The North America Market for Hydrogen Storage Materials and Technologies, by Application,
2015-2021 ($ Millions)
Figure 58 The North America Market for Hydrogen Storage Materials and Technologies, by Application,
2015 (%)
Figure 59 The North America Market for Hydrogen Storage Materials and Technologies, by Application,
2016 (%)
Figure 60 The North America Market for Hydrogen Storage Materials and Technologies, by Application,
2021 (%)
Figure 61 The North America Market for Hydrogen Storage Materials and Technologies, by End User,
2015-2021 ($ Millions)
Figure 62 The North America Market for Hydrogen Storage Materials and Technologies, by End User,
2015 (%)
Figure 63 The North America Market for Hydrogen Storage Materials and Technologies, by End User,
2016 (%)
Figure 64 The North America Market for Hydrogen Storage Materials and Technologies, by End User,
2021 (%)
Figure 65 The U.S. Market for Hydrogen Storage Materials and Technologies, 2015-2021 ($ Millions/%)
Figure 66 The Canadian Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 67 The European Market for Hydrogen Storage Materials and Technologies, by Country, 2015-
2021 ($ Millions)
Figure 68 The European Market for Hydrogen Storage Materials and Technologies, by Country, 2015
(%)
Figure 69 The European Market for Hydrogen Storage Materials and Technologies, by Country, 2016
(%)
Figure 70 The European Market for Hydrogen Storage Materials and Technologies, by Country, 2021
(%)
Figure 71 The European Market for Hydrogen Storage Materials and Technologies, by Storage Type,
2015-2021 ($ Millions)
Figure 72 The European Market for Hydrogen Storage Materials and Technologies, by Storage Type,
2015 (%)
Figure 73 The European Market for Hydrogen Storage Materials and Technologies, by Storage Type,
2016 (%)
Figure 74 The European Market for Hydrogen Storage Materials and Technologies, by Storage Type,
2021 (%)
Figure 75 The European Market for Hydrogen Storage Materials and Technologies, by Application, 2015-
2021 ($ Millions)
Figure 76 The European Market for Hydrogen Storage Materials and Technologies, by Application, 2015
(%)
Figure 77 The European Market for Hydrogen Storage Materials and Technologies, by Application, 2016
(%)
Figure 78 The European Market for Hydrogen Storage Materials and Technologies, by Application, 2021
(%)
Figure 79 The European Market for Hydrogen Storage Materials and Technologies, by End User, 2015-
2021 ($ Millions)
Figure 80 The European Market for Hydrogen Storage Materials and Technologies, by End User, 2015
(%)
Figure 81 The European Market for Hydrogen Storage Materials and Technologies, by End User, 2016
(%)
Figure 82 The European Market for Hydrogen Storage Materials and Technologies, by End User, 2021
(%)
Figure 83 The German Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 84 The U.K. Market for Hydrogen Storage Materials and Technologies, 2015-2021 ($ Millions/%)
Figure 85 The French Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 86 The Italian Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions/%)
Figure 87 The MEA Market for Hydrogen Storage Materials and Technologies, 2015-2021 ($ Millions/%)
Figure 88 The South American Market for Hydrogen Storage Materials and Technologies, 2015-2021
($ Millions)
Figure 89 Patent Filings by Company in Hydrogen Storage: Materials and Technologies

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