Australia Hydrogen Energy Storage Market Size & Outlook
Australia hydrogen energy storage market, 2018-2030 (US$M)
Related Markets
Australia hydrogen energy storage market highlights
- The Australia hydrogen energy storage market generated a revenue of USD 575.0 million in 2023 and is expected to reach USD 794.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Hydrogen energy storage market data book summary
| Market revenue in 2023 | USD 575.0 million |
| Market revenue in 2030 | USD 794.6 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, Australia accounted for 3.6% of the global hydrogen energy storage market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hydrogen energy storage market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,047.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hydrogen Energy Storage Market Scope
Hydrogen Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 41.08% in 2023. Horizon Databook has segmented the Australia hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The hydrogen energy storage market in Australia is driven by government initiatives to develop hydrogen infrastructure in the country. After the launch of Hydrogen Roadmap by the government in 2008, the Australian Association for Hydrogen Energy was set up to dedicatedly work to support the growth of hydrogen infrastructure.
Currently, the Australian Renewable Energy Agency has been providing funds for the development of clean generation technologies for hydrogen in the country. For instance, the Australian Renewable Energy Agency in August 2019 provided funding of USD 950,000 BOC which is a gas company to set up a project for renewable hydrogen production and refueling station in Queensland.
Reasons to subscribe to Australia hydrogen energy storage market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia hydrogen energy storage market databook
-
Our clientele includes a mix of hydrogen energy storage market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Australia hydrogen energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Australia hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia hydrogen energy storage market size, by application, 2018-2030 (US$M)
Australia Hydrogen Energy Storage Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
