Companies Dominating the Industrial Hydrogen Energy Storage Landscape
- Air Liquide
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Air Products and Chemicals, Inc.
- Cockerill Jingli Compressed hydrogen
- ENGIE
- FuelCell Energy, Inc.
- GKN Compressed Hydrogen
- Gravitricity Ltd
- ITM Power PLC
- Linde plc
- McPhy Energy S.A.
- Bharat Petroleum Corp.
- Reliance Industries
- Nel ASA
- SSE
The key players are innovating in production, storage, and distribution, bringing diversity to hydrogen energy applications. They are also developing technologies to utilize the stored power through hydrogen fuel cell systems and associated storage solutions. In October 2024, Nel ASA’s EPC partner launched IVHY100, a new green hydrogen solution. This model is designed to empower large-scale industries with improved scalability and decarbonization systems. Such innovation will help the company to consolidate its position in the market. Some of the prominent market players include:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of industrial hydrogen energy storage is estimated at USD 13.45 billion.
The industrial hydrogen energy storage market size was valued at USD 12.56 billion in 2024 and is likely to cross USD 33.75 billion by 2037, expanding at more than 7.9% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is poised to dominate majority revenue share of 58.4% by 2037, owing to increasing demand for alternative power sources in the region.
The major players in the market include Air Liquide, Air Products and Chemicals, Inc., Cockerill Jingli Compressed Hydrogen, ENGIE, FuelCell Energy, Inc., GKN Compressed Hydrogen, Gravitricity Ltd, ITM Power PLC, Linde plc, McPhy Energy S.A., Bharat Petroleum Corp., Reliance Industries, Nel ASA, SSE, and others.
