Global Liquefied Hydrogen Storage Market will grow at a CAGR of 9.8% from 2024 to 2032, driven by the increasing adoption of hydrogen as a clean energy source. With advancements in storage technologies and rising investments in hydrogen infrastructure, the demand for efficient and safe liquefied hydrogen storage solutions is expanding. This growth is underpinned by the global push towards sustainable energy solutions and the need for reliable hydrogen storage systems to support clean energy transitions. For instance, as per the IEA, the number of planned projects for low-emission hydrogen production is growing quickly. If all announced projects are completed, annual production could reach 38 million tons by 2030, although 17 million tons are from projects still in early development stages. This represents a 50% increase in potential production compared to the figures reported in the IEA’s Global Hydrogen Review 2022. In addition, investments in renewable energy projects and green hydrogen production spur the need for storage solutions to support intermittent energy sources. Furthermore, the push for reducing carbon emissions and transitioning to sustainable energy sources boosts demand for hydrogen storage, stimulating the market growth outlook. The overall liquefied hydrogen storage market is categorized based on application and region. The transportation segment will witness significant growth over 2024-2032. The shift towards hydrogen-powered vehicles, including buses, trucks, and trains, is boosting the demand for liquefied hydrogen storage. Hydrogen fuel cells offer a cleaner alternative to traditional fossil fuels, enhancing the need for efficient storage solutions to support the growing fleet of hydrogen-powered transportation modes. This trend is driving innovation and investment in storage technologies to meet the needs of the transportation sector. North America liquefied hydrogen storage market will experience substantial growth from 2024 to 2032. The region's commitment to reducing carbon emissions, in line with advancements in hydrogen infrastructure, supports the rising demand for liquefied hydrogen storage solutions. The presence of major industrial players and government initiatives promoting clean energy further fuels market expansion. North America's robust regulatory framework and investment in hydrogen technologies are pivotal in driving the growth of the liquefied hydrogen storage market in the region.
- Chapter 1 Research Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Market estimates & forecast parameters
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market Definitions
- Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2032
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Application trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 North America
- 3.2.1.1 U.S.
- 3.2.1.1.1 Safety Regulations
- 3.2.1.1.2 Energy policy act, 2005
- 3.2.1.2 Canada
- 3.2.1.2.1 Hydrogen strategy for Canada
- 3.2.1.2.2 Government Initiatives
- 3.2.1.2.3 Clean Fuel Regulations
- 3.2.1.2.4 CAN/BNQ 1784-000 National Standards of Canadian Hydrogen Installation Code
- 3.2.1.3 Mexico
- 3.2.1.3.1 Mexican Official Standard NOM-017-CRE-2019
- 3.2.2 Europe
- 3.2.2.1 UK
- 3.2.2.2 Germany
- 3.2.2.3 Italy
- 3.2.2.5 Spain
- 3.2.2.6 France
- 3.2.3 Asia Pacific
- 3.2.3.1 China
- 3.2.3.2 India
- 3.2.3.3 Japan
- 3.2.3.4 Australia
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Shifting policy framework across the hydrogen industry
- 3.3.1.2 Growing investments toward hydrogen-based infrastructure
- 3.3.1.3 Increasing clean energy demand
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 High capital cost
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of supplier
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Strategic dashboard
- 4.2.1 Air Liquide
- 4.2.1.1 Investment
- 4.2.1.2 Partnership
- 4.2.1.3 Business expansion
- 4.2.1.4 Memorandum of Understanding (MoU)
- 4.2.1.5 Agreement
- 4.2.2 Linde plc
- 4.2.2.1 Business expansion
- 4.2.3 Air Products and Chemicals, Inc.
- 4.2.3.1 Contract
- 4.2.3.2 Business expansion
- 4.2.4 Nel ASA
- 4.2.4.1 Contract
- 4.2.5 SSE
- 4.2.5.1 Project development
- 4.2.6 ENGIE
- 4.2.6.1 Agreement
- 4.2.7 Other Strategies
- 4.3 Innovation and technology landscape
- 4.3.1 Air Products and Chemicals, Inc.
- 4.3.2 Linde plc
- 4.3.3 Other innovations
- Chapter 5 Market, By Application
- 5.1 Key trends
- 5.2 Industrial
- 5.3 Transportation
- 5.4 Stationary
- Chapter 6 Market, By Region
- 6.1 Key trends
- 6.2 North America
- 6.3 Europe
- 6.4 Asia Pacific
- 6.5 Rest of World
- Chapter 7 Company Profiles
- 7.1 ENGIE
- 7.1.1 Global Overview
- 7.1.2 Market/Business Overview
- 7.1.3 Financial Data
- 7.1.4 Product landscape
- 7.1.5 Strategic Outlook
- 7.1.6 SWOT Analysis
- 7.2 Air Liquide
- 7.2.1 Global Overview
- 7.2.2 Market/Business Overview
- 7.2.3 Financial Data
- 7.2.4 Product Landscape
- 7.2.5 Strategic Outlook
- 7.2.6 SWOT analysis
- 7.3 Linde plc
- 7.3.1 Global Overview
- 7.3.2 Market/Business Overview
- 7.3.3 Financial Data
- 7.3.4 Product Landscape
- 7.3.5 Strategic Outlook
- 7.3.6 SWOT Analysis
- 7.4 FuelCell Energy, Inc.
- 7.4.1 Global overview
- 7.4.2 Market/business overview
- 7.4.3 Financial data
- 7.4.4 Product landscape
- 7.4.5 SWOT analysis
- 7.5 Air Products and Chemicals Inc.
- 7.5.1 Global Overview
- 7.5.2 Market/Business Overview
- 7.5.3 Financial Data
- 7.5.4 Product landscape
- 7.5.5 Strategic Outlook
- 7.5.6 SWOT Analysis
- 7.6 McPhy Energy S.A
- 7.6.1 Global Overview
- 7.6.2 Market/Business Overview
- 7.6.3 Financial Data
- 7.6.4 Product landscape
- 7.6.5 SWOT Analysis
- 7.7 Nel ASA
- 7.7.1 Global Overview
- 7.7.2 Market/Business Overview
- 7.7.3 Financial Data
- 7.7.4 Product landscape
- 7.7.5 Strategic Outlook
- 7.7.6 SWOT Analysis
- 7.8 ITM Power PLC
- 7.8.1 Global Overview
- 7.8.2 Market/Business Overview
- 7.8.3 Financial Data
- 7.8.4 Product landscape
- 7.8.5 SWOT Analysis
- 7.9 GKN Hydrogen
- 7.9.1 Global Overview
- 7.9.2 Market/Business Overview
- 7.9.3 Financial Data
- 7.9.4 Product landscape
- 7.9.5 Strategic Outlook
- 7.9.6 SWOT Analysis
- 7.10 Gravitricity Ltd
- 7.10.1 Global Overview
- 7.10.2 Market/Business Overview
- 7.10.3 Financial Data
- 7.10.4 Product landscape
- 7.10.5 SWOT Analysis
- 7.11 SSE
- 7.11.1 Global Overview
- 7.11.2 Market/Business Overview
- 7.11.3 Financial Data
- 7.11.4 Product landscape
- 7.11.5 Strategic Outlook
- 7.11.6 SWOT Analysis
- 7.12 Cockerill Jingli Hydrogen
- 7.12.1 Global Overview
- 7.12.2 Market/Business Overview
- 7.12.3 Financial Data
- 7.12.4 Product landscape
- 7.12.5 SWOT Analysis
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