Mexico Hydrogen Energy Storage Market Size & Outlook
Mexico hydrogen energy storage market, 2018-2030 (US$M)
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Mexico hydrogen energy storage market highlights
- The Mexico hydrogen energy storage market generated a revenue of USD 257.2 million in 2023 and is expected to reach USD 358.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.9% 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 257.2 million |
| Market revenue in 2030 | USD 358.6 million |
| Growth rate | 4.9% (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, Mexico accounted for 1.6% 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 North America, U.S. hydrogen energy storage market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,099.2 million by 2030.
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Hydrogen Energy Storage Market Scope
Hydrogen Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 39.74% in 2023. Horizon Databook has segmented the Mexico hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico provides huge opportunities for alternative energies and hydrogen technologies to flourish within the country. The growing end-use industry for hydrogen in Mexico is anticipated to drive the hydrogen energy storage market over the forecast period. In addition, the increased spending by the government for cleaner and greener energy generation is also likely to drive the market.
Some of the major large-capacity hydrogen generation plants that utilize steam methane reforming technology includes gas hydrogen generation plant, that are operated by Praxair and Air Liquide of capacity 803.8 and 275.0 Nm3/h respectively with both the plants located in Monterrey, Mexico.
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Target buyers of Mexico 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 Mexico hydrogen energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Mexico hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico hydrogen energy storage market size, by application, 2018-2030 (US$M)
Mexico Hydrogen Energy Storage Market Outlook Share, 2023 & 2030 (US$M)
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