Hydrogen Storage Material Trends and Forecast
The future of the global hydrogen storage material market looks promising with opportunities in the automotive and power generation markets. The global hydrogen storage material market is expected to grow with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are surging demand for clean energy solutions, government initiatives and investments in hydrogen infrastructure, and technological advancements enhancing the efficiency and safety of hydrogen.
• Lucintel forecasts that hydrogen storage metal & alloy is expected to witness the higher growth over the forecast period.
• Within this market, automotive is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Air Products expands hydrogen storage material production; Linde PLC collaborates on innovative solutions, backed by govÄX%$%Xt clean energy goals.
Japan: Toyota, Panasonic develop advanced hydrogen storage materials for vehicles and stationary applications, aligned with govÄX%$%Xt hydrogen adoption targets.
Europe: Nel ASA, Hydrogenics expand product portfolios for renewable energy storage; collaborative efforts accelerate hydrogen storage material commercialization, supporting EU decarbonization goals.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hydrogen Storage Material by Segment
The study includes a forecast for the global hydrogen storage material by type, application, and region.
Hydrogen Storage Material Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hydrogen Storage Metal & Alloy
• Nanomaterials
• Zeolite
• Others
Hydrogen Storage Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Power Generation
• Others
Hydrogen Storage Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hydrogen Storage Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hydrogen storage material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hydrogen storage material companies profiled in this report include-
• Japan Metals & Chemicals
• Chou Denki Kogyo
• Santoku
• Mitsui
• GFE
• Treibacher
• Xiamen Tungsten
Recent Development in the Hydrogen Storage Material Market
Air Products and Chemicals Inc.: Expanding production capacity for hydrogen storage materials to meet growing demand in the clean energy sector.
Linde PLC: Collaborating with research institutions to develop innovative hydrogen storage materials for various applications, supporting advancements in hydrogen technologies.
Toyota Motor Corporation: Partnering with material suppliers to optimize hydrogen storage solutions for fuel cell vehicles, enhancing vehicle performance and range.
Panasonic Corporation: Investing in research and development to improve the performance and durability of hydrogen storage materials for stationary energy storage systems.
Nel ASA: Launching new hydrogen storage materials tailored for renewable energy storage applications, contributing to the transition to clean energy.
Hydrogenics Corporation: Partnering with automotive manufacturers to develop lightweight and high-capacity hydrogen storage materials for fuel cell vehicles, advancing the adoption of hydrogen as a sustainable energy carrier.
Features of the Global Hydrogen Storage Material Market
Market Size Estimates: Hydrogen storage material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hydrogen storage material market size by type, application, and region in terms of value ($B).
Regional Analysis: Hydrogen storage material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the hydrogen storage material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hydrogen storage material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for hydrogen storage material market?
Answer: The global hydrogen storage material market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the hydrogen storage material market?
Answer: The major drivers for this market are surging demand for clean energy solutions, government initiatives and investments in hydrogen infrastructure, and technological advancements enhancing the efficiency and safety of hydrogen.
Q3. What are the major segments for hydrogen storage material market?
Answer: The future of the global hydrogen storage material market looks promising with opportunities in the automotive and power generation markets.
Q4. Who are the key hydrogen storage material market companies?
Answer: Some of the key hydrogen storage material companies are as follows:
• Japan Metals & Chemicals
• Chou Denki Kogyo
• Santoku
• Mitsui
• GFE
• Treibacher
• Xiamen Tungsten
Q5. Which hydrogen storage material market segment will be the largest in future?
Answer: Lucintel forecasts that hydrogen storage metal & alloy is expected to witness the higher growth over the forecast period.
Q6. In hydrogen storage material market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hydrogen storage material market by type (hydrogen storage metal & alloy, nanomaterials, zeolite, and others), application (automotive, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Hydrogen Storage Material Market, Hydrogen Storage Material Market Size, Hydrogen Storage Material Market Growth, Hydrogen Storage Material Market Analysis, Hydrogen Storage Material Market Report, Hydrogen Storage Material Market Share, Hydrogen Storage Material Market Trends, Hydrogen Storage Material Market Forecast, Hydrogen Storage Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.