Japan Hydrogen Energy Storage Market Size & Outlook
Japan hydrogen energy storage market, 2018-2030 (US$M)
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Japan hydrogen energy storage market highlights
- The Japan hydrogen energy storage market generated a revenue of USD 831.2 million in 2023 and is expected to reach USD 1,141.0 million by 2030.
- The Japan 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 831.2 million |
| Market revenue in 2030 | USD 1,141.0 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, Japan 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 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.
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Hydrogen Energy Storage Market Scope
Hydrogen Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 40.72% in 2023. Horizon Databook has segmented the Japan hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
In October 2018, Japan held the world's first "Hydrogen Energy Ministerial Meeting” (“HEM”) under the main theme of "Realization of a Hydrogen-Based Society" and, as a result, the "Tokyo Statement" was released.
In March 2020, the world's largest (10 MW) renewable hydrogen production facility "Fukushima Hydrogen Energy Research Field (“FH2R”)" was opened in Namie Town, in Fukushima Prefecture. As of July 2020, there were 131 hydrogen refueling stations in Japan.
In addition, the household fuel cell, ENE-FARM, is widely used due to a subsidy system from the government. These developments will boost the growth of hydrogen energy storage market in the country over the forecast period.
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Target buyers of Japan 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 country-level data and insights on the Japan hydrogen energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Japan hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan hydrogen energy storage market size, by application, 2018-2030 (US$M)
Japan Hydrogen Energy Storage Market Outlook Share, 2023 & 2030 (US$M)
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