Market revenue in 2023 | USD 5,986.7 million |
Market revenue in 2030 | USD 8,066.6 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 |
Key market players worldwide | Lincoln Electric Holdings Inc, Air Products & Chemicals Inc, Cummins Inc, Engie SA, ITM Power PLC, Iwatani Corp, Linde PLC, NEL ASA, Steelhead Composites |
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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 40.63% in 2023. Horizon Databook has segmented the Asia Pacific hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific hydrogen energy storage market consists of major countries such as China, Japan, South Korea, India, Australia, among other South East Asian countries. Asia Pacific is the largest region, in terms of revenue owing to high demand in hydrogen production from numerous industrial users in some of major countries of this region.
Further, presence of high number of refineries in China and India has driven the utilization of hydrogen energy storage in the region. Further, governments of Japan and Australia are evaluating greener and cleaner technologies for hydrogen generation.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hydrogen energy storage market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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