Germany Hydrogen Energy Storage Market Size & Outlook
Germany hydrogen energy storage market, 2018-2030 (US$M)
Related Markets
Germany hydrogen energy storage market highlights
- The Germany hydrogen energy storage market generated a revenue of USD 837.4 million in 2023 and is expected to reach USD 1,146.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.6% 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 837.4 million |
| Market revenue in 2030 | USD 1,146.1 million |
| Growth rate | 4.6% (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, Germany accounted for 5.2% 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 Europe, Germany hydrogen energy storage market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 757.6 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 |
|---|
Germany 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 40.92% in 2023. Horizon Databook has segmented the Germany hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The German Ministry of Transport took the initiative in June 2012 to establish a countrywide hydrogen network and boost hydrogen infrastructure for hydrogen refueling stations. The ministry signed a letter of intent (LoI) with industry players such as Total, The Linde Group, Air Products and Chemicals, Inc., Daimler AG, and Air Liquide as part of this initiative.
Under such terms, industry players were given a target to construct at least 50 hydrogen fueling stations by 2015 in Germany's metropolitan cities and significant corridors. In 2014, six participants of the Clean Energy Partnership (CEP), including Shell, Linde, Total, Air Liquide, OMV, and Daimler, established a joint venture known as H2 MOBILITY to enhance the pace of the establishment of hydrogen fueling stations across Germany.
The joint venture aimed to set up around 400 hydrogen fueling stations in Germany based on the increase in fuel cell vehicles on road. The initial goal was to establish 100 hydrogen fueling stations in conurbations such as Nuremberg, Hamburg, Munich, Berlin, Stuttgart, Frankfurt, and Rhine-Ruhr by the end of 2019.
Reasons to subscribe to Germany 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 Germany 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 Germany hydrogen energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Germany hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Germany hydrogen energy storage market size, by application, 2018-2030 (US$M)
Germany 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
