According to the latest report by IMARC Group, the global hydrogen energy storage market size reached US$ 16.73 Billion in 2021.Hydrogen energy storage, or HES, refers to chemical energy storage that involves converting electrical power into hydrogen. The surplus of energy produced by renewables during low energy demand is used to power the electrolysis process to generate hydrogen, which can be used in combustion engines or fuel cells.

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Global Hydrogen
Energy Storage
Market Research
Report 2022-2027
Author: Elena Anderson
Marketing Manager
IMARC Group
© 2022 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
Global Hydrogen Energy Storage Market Outlook 2022-2027:
The latest report by IMARC Group, titled "Hydrogen Energy Storage Market: Global Industry Trends,
Share, Size, Growth, Opportunity, and Forecast 2022-2027," finds that the global hydrogen energy
storage market size reached US$ 16.73 Billion in 2021.
Hydrogen energy storage, or HES, refers to chemical energy storage that involves converting
electrical power into hydrogen. The surplus of energy produced by renewables during low energy
demand is used to power the electrolysis process to generate hydrogen, which can be used in
combustion engines or fuel cells.
HES offers high storage capacity than pumped storage hydropower (PSH) and compressed air energy
storage (CAES) while enhancing supply reliability, minimizing carbon emissions, and reducing overall
consumption of conventional fossil fuels. As a result, HES is widely employed to store hydrogen as
compressed gas, cryogenic liquid, and loosely bonded hydride compounds.
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market/requestsample

4. Report Description
Report Description and Highlights
Global Hydrogen Energy Storage Market Drivers/Constraints:
Over the years, there has been rising acceptance of alternative forms of energy since HES involves
storing energy in the form of hydrogen. This represents the primary factor driving the market growth.
Besides this, the increasing usage of stored hydrogen in stationary and backup power applications is
another major growth-inducing factor.
Additionally, with the growing environmental concerns and depleting conventional resources, hydrogen
is gaining traction as a fuel in fuel cell vehicles (FCVs) to minimize greenhouse gas (GHG) emissions and
environmental impact. This, along with the widespread adoption of hydrogen for industrial applications
in oil refineries and power generation in stationary fuel cells, has augmented the demand for HES.
Furthermore, governments of various countries are taking favorable initiatives, such as implementing
stringent regulations to promote sustainable energy sources and developing cost-effective and energy-
saving hydrogen stations, which have catalyzed the market growth.
Other factors, including the launch of innovative equipment for enhanced hydrogen production
efficiency, heavy investments in large-scale HES projects.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/hydrogen-energy-storage-
market/toc

5. Report Description
Report Description and Highlights
Key Market Segmentation
The research report includes the following segments:
Breakup by Product Type:
• Liquid
• Solid
• Gas
Breakup by Technology:
• Compression
• Liquefaction
• Material Based
Looking forward, IMARC Group expects the market to reach US$ 25.25 Billion by 2027, exhibiting at
a CAGR of 6.60% during 2022-2027.

6. Report Description
Report Description and Highlights
Breakup by Application:
• Stationary Power
• Transportation
Breakup by End User:
• Industrial
• Commercial
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

7. Report Description
Report Description and Highlights
Competitive Landscape:
• L'AIR LIQUIDE S.A
• Air Products and Chemicals Inc
• Caterpillar Inc
• Chart Industries Inc
• Cummins Inc
• H2GO Power Limited
• Hexagon Composites ASA
• ITM Power PLC
• Linde plc
• McPhy Energy S.A
• Plug Power Inc
• Pragma Industries SAS
Note: We are updating our reports, If you want the report with the latest primary and secondary
data (2022-2027) including industry trends, market size and Competitive landscape, etc.
Click here: https://www.imarcgroup.com/hydrogen-energy-storage-market/requestsample

8. Report Description
Key Questions Answered in the Report
1. What has been the historical growth rate of the global Hydrogen Energy Storage Market?
2. What has been the impact of COVID-19 on the global Hydrogen Energy Storage Market?
3. What are the key factors driving the global Hydrogen Energy Storage Market?
4. What is the breakup of the global Hydrogen Energy Storage Market based on the type?
5. What is the breakup of the global Hydrogen Energy Storage Market based on the application?
6. What is the breakup of the global Hydrogen Energy Storage Market based on the distribution
channel?
7. What are the key regions in the global Hydrogen Energy Storage Market?
8. Who are the key players/companies in the global Hydrogen Energy Storage Market?

9. Report Description Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends

10. Report Description Table of Contents
5 Global Hydrogen Energy Storage Market Industry
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Technology
5.6 Market Breakup by Application
5.7 Market Breakup by End User
5.8 Market Breakup by Region
Click here to visit the complete table of content with list of figures and tables:
https://www.imarcgroup.com/hydrogen-energy-storage-market/toc

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Partial List of Clients

12. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

13. Report Description
Report Description and Highlights
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