Global Hydrogen Energy Storage Market 2026 by Company, Regions, Type and Application, Forecast to 2032
Description
According to our (Global Info Research) latest study, the global Hydrogen Energy Storage market size was valued at US$ 2485 million in 2025 and is forecast to a readjusted size of US$ 6756 million by 2032 with a CAGR of 15.5% during review period.
Hydrogen energy storage is a method of storing energy in the form of hydrogen gas, which can later be converted back into electricity or used as a clean fuel. The process typically begins with electrolysis, where renewable electricity (from solar, wind, or hydro) splits water into hydrogen and oxygen. The produced hydrogen can then be compressed, liquefied, or stored in solid carriers (like metal hydrides or chemical compounds) for later use. When needed, hydrogen can be used in fuel cells, burned in modified turbines, or applied directly in industrial processes, releasing energy without producing carbon dioxide.
This storage approach plays a critical role in addressing the intermittency of renewable energy by enabling long-term, large-scale storage that batteries alone cannot provide. Hydrogen energy storage supports grid balancing, seasonal energy storage, and sector coupling by supplying clean energy to transportation, industry, and heating. Challenges include high production costs, energy losses in conversion, infrastructure limitations, and safety considerations in storage and transport. However, with advances in electrolyzer efficiency, hydrogen carriers, and global hydrogen infrastructure, hydrogen energy storage is increasingly viewed as a cornerstone of the future low-carbon energy system.
High-pressure gaseous hydrogen storage has a long history in hydrogen energy storage and holds a significant market share. High-pressure gaseous hydrogen storage primarily utilizes high-pressure cylinders. With the recent rise of cryogenic liquid hydrogen storage technology, the proportion of high-pressure gaseous hydrogen storage has been declining. Cryogenic liquid hydrogen storage technology has been developed overseas for some time, achieving significant cost reductions at scale, with costs now only a factor of 10 or even 1/20 of similar domestic solutions. Cryogenic liquid hydrogen storage technology has also been rapidly developing in China in recent years, with the emergence of numerous related companies. Once the technology is implemented and costs are reduced, it will also see rapid growth in the future.
The other two technologies, solid-state hydrogen storage and transportation and liquid organic hydrogen storage and transportation, are currently in the demonstration phase and have yet to be deployed on a large scale. Research in solid-state materials for solid-state hydrogen storage and transportation encompasses a wide range of areas, including metal hydrides, nanomaterials, carbonaceous hydrogen storage materials, and coordination hydride hydrogen storage. Currently, metal hydride materials are the primary product, primarily used in fuel cell vehicles. Organic liquid hydrogen storage can be implemented using petroleum equipment and offers significant hydrogen storage capacity, suggesting significant potential for future development. Fuel cell vehicles and the construction of related supporting facilities are the main driving force for the development of the hydrogen storage industry. However, there is currently a bottleneck in the sales of fuel cell vehicles, and the construction of related supporting facilities is insufficient. These are all constraints on the development of the hydrogen storage industry. However, all countries have formulated future hydrogen energy development strategies, and the industry is expected to develop rapidly in the future.
This report is a detailed and comprehensive analysis for global Hydrogen Energy Storage market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Hydrogen Energy Storage market size and forecasts, in consumption value ($ Million), 2021-2032
Global Hydrogen Energy Storage market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Hydrogen Energy Storage market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Hydrogen Energy Storage market shares of main players, in revenue ($ Million), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hydrogen Energy Storage
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hydrogen Energy Storage market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hexagon Purus, Faurecia, Iljin Hysolus, Toyota, Jiangsu Guofu Hydrogen Energy Equipment, Faber Industrie, Quantum Fuel Systems, Luxfer Group, Worthington Industries, NPROXX, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Hydrogen Energy Storage market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Compressed Gas
Cold Compressed Liquid Hydrogen
Solid Compound Hydrogen Storage and Distribution
Organic Liquid Hydrogen Storage and Distribution
Market segment by Application
New Energy Automobile
Chemical
Aerospace
Others
Market segment by players, this report covers
Hexagon Purus
Faurecia
Iljin Hysolus
Toyota
Jiangsu Guofu Hydrogen Energy Equipment
Faber Industrie
Quantum Fuel Systems
Luxfer Group
Worthington Industries
NPROXX
Sinoma Science & Technology
Chart Industries
Gardner Cryogenics
Plastic Omnium
Iwatani
Mahytec (HENSOLDT)
The Japan Steel Works
Kawasaki
Whole Win (Beijing) Materials Sci. & Tech
Hydrogenious LOHC Technologies
Hynertech
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Hydrogen Energy Storage product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Hydrogen Energy Storage, with revenue, gross margin, and global market share of Hydrogen Energy Storage from 2021 to 2026.
Chapter 3, the Hydrogen Energy Storage competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Hydrogen Energy Storage market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Hydrogen Energy Storage.
Chapter 13, to describe Hydrogen Energy Storage research findings and conclusion.
Hydrogen energy storage is a method of storing energy in the form of hydrogen gas, which can later be converted back into electricity or used as a clean fuel. The process typically begins with electrolysis, where renewable electricity (from solar, wind, or hydro) splits water into hydrogen and oxygen. The produced hydrogen can then be compressed, liquefied, or stored in solid carriers (like metal hydrides or chemical compounds) for later use. When needed, hydrogen can be used in fuel cells, burned in modified turbines, or applied directly in industrial processes, releasing energy without producing carbon dioxide.
This storage approach plays a critical role in addressing the intermittency of renewable energy by enabling long-term, large-scale storage that batteries alone cannot provide. Hydrogen energy storage supports grid balancing, seasonal energy storage, and sector coupling by supplying clean energy to transportation, industry, and heating. Challenges include high production costs, energy losses in conversion, infrastructure limitations, and safety considerations in storage and transport. However, with advances in electrolyzer efficiency, hydrogen carriers, and global hydrogen infrastructure, hydrogen energy storage is increasingly viewed as a cornerstone of the future low-carbon energy system.
High-pressure gaseous hydrogen storage has a long history in hydrogen energy storage and holds a significant market share. High-pressure gaseous hydrogen storage primarily utilizes high-pressure cylinders. With the recent rise of cryogenic liquid hydrogen storage technology, the proportion of high-pressure gaseous hydrogen storage has been declining. Cryogenic liquid hydrogen storage technology has been developed overseas for some time, achieving significant cost reductions at scale, with costs now only a factor of 10 or even 1/20 of similar domestic solutions. Cryogenic liquid hydrogen storage technology has also been rapidly developing in China in recent years, with the emergence of numerous related companies. Once the technology is implemented and costs are reduced, it will also see rapid growth in the future.
The other two technologies, solid-state hydrogen storage and transportation and liquid organic hydrogen storage and transportation, are currently in the demonstration phase and have yet to be deployed on a large scale. Research in solid-state materials for solid-state hydrogen storage and transportation encompasses a wide range of areas, including metal hydrides, nanomaterials, carbonaceous hydrogen storage materials, and coordination hydride hydrogen storage. Currently, metal hydride materials are the primary product, primarily used in fuel cell vehicles. Organic liquid hydrogen storage can be implemented using petroleum equipment and offers significant hydrogen storage capacity, suggesting significant potential for future development. Fuel cell vehicles and the construction of related supporting facilities are the main driving force for the development of the hydrogen storage industry. However, there is currently a bottleneck in the sales of fuel cell vehicles, and the construction of related supporting facilities is insufficient. These are all constraints on the development of the hydrogen storage industry. However, all countries have formulated future hydrogen energy development strategies, and the industry is expected to develop rapidly in the future.
This report is a detailed and comprehensive analysis for global Hydrogen Energy Storage market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Hydrogen Energy Storage market size and forecasts, in consumption value ($ Million), 2021-2032
Global Hydrogen Energy Storage market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Hydrogen Energy Storage market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Hydrogen Energy Storage market shares of main players, in revenue ($ Million), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hydrogen Energy Storage
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hydrogen Energy Storage market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hexagon Purus, Faurecia, Iljin Hysolus, Toyota, Jiangsu Guofu Hydrogen Energy Equipment, Faber Industrie, Quantum Fuel Systems, Luxfer Group, Worthington Industries, NPROXX, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Hydrogen Energy Storage market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Compressed Gas
Cold Compressed Liquid Hydrogen
Solid Compound Hydrogen Storage and Distribution
Organic Liquid Hydrogen Storage and Distribution
Market segment by Application
New Energy Automobile
Chemical
Aerospace
Others
Market segment by players, this report covers
Hexagon Purus
Faurecia
Iljin Hysolus
Toyota
Jiangsu Guofu Hydrogen Energy Equipment
Faber Industrie
Quantum Fuel Systems
Luxfer Group
Worthington Industries
NPROXX
Sinoma Science & Technology
Chart Industries
Gardner Cryogenics
Plastic Omnium
Iwatani
Mahytec (HENSOLDT)
The Japan Steel Works
Kawasaki
Whole Win (Beijing) Materials Sci. & Tech
Hydrogenious LOHC Technologies
Hynertech
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Hydrogen Energy Storage product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Hydrogen Energy Storage, with revenue, gross margin, and global market share of Hydrogen Energy Storage from 2021 to 2026.
Chapter 3, the Hydrogen Energy Storage competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Hydrogen Energy Storage market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Hydrogen Energy Storage.
Chapter 13, to describe Hydrogen Energy Storage research findings and conclusion.
Table of Contents
160 Pages
- 1 Market Overview
- 2 Company Profiles
- 3 Market Competition, by Players
- 4 Market Size Segment by Type
- 5 Market Size Segment by Application
- 6 North America
- 7 Europe
- 8 Asia-Pacific
- 9 South America
- 10 Middle East & Africa
- 11 Market Dynamics
- 12 Industry Chain Analysis
- 13 Research Findings and Conclusion
- 14 Appendix
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