Global Hydrogen Energy Storage Market Size & Outlook
Global hydrogen energy storage market, 2018-2030 (US$M)
Related Markets
Global hydrogen energy storage market highlights
- The global hydrogen energy storage market generated a revenue of USD 15,973.0 million in 2023 and is expected to reach USD 21,610.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, industrial accounted for a revenue of USD 6,440.4 million in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 15,973.0 million |
| Market revenue in 2030 | USD 21,610.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 25.8% of the global hydrogen energy storage market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 209.3 million by 2030.
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Hydrogen Energy Storage Market Scope
Hydrogen Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hydrogen energy storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrogen energy storage market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 40.32% in 2023. Horizon Databook has segmented the Global hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hydrogen Energy Storage Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
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Target buyers of Global hydrogen energy storage market databook
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Our clientele includes a mix of hydrogen energy storage market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global hydrogen energy storage market , including forecasts for subscribers. This global databook contains high-level insights into Global hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global hydrogen energy storage market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hydrogen energy storage market size, 2023 (US$M)
Global hydrogen energy storage market share, by application, 2023 & 2030 (%, US$M)
Hydrogen energy storage market: Opportunity assessment by country
Global hydrogen energy storage market, by region, 2023 (US$M)
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