Hydrogen Energy Storage Market - Top Companies and Manufacturers

In the year 2024, the industry size of hydrogen energy storage is evaluated at USD 13.77 Billion.

The hydrogen energy storage market size was over USD 12.9 Billion in 2023 and is poised to exceed USD 33.03 Billion by the end of 2036, growing at over 7.5% CAGR during the forecast period i.e., between 2024-2036. The rising demand for hydrogen from various end-use industries and the growing use of stored hydrogen for stationary and backup power applications are the major factors driving the growth of the hydrogen Energy storage market.

Europe industry is predicted to be the largest with a share of about 30% by 2036, impelled by increasing emphasis placed on developing a greener economy and the rising investment in clean energy together with augmenting fuel cells technology collaboration programs in the region.

Nel ASA, Air Liquide SA, Praxair Inc., VRV S.P.A, Linde AG, Hank Technologies Inc., Murphy Energy S.A., Luxfer Holdings PLC, Hexagon Composites ASA, Worthington Industries, Inc.