Market revenue in 2023 | USD 446.0 million |
Market revenue in 2030 | USD 616.6 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 |
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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 39.8% in 2023. Horizon Databook has segmented the Russia hydrogen energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
With rising climate change concerns, some of the major European countries are making plans to enhance the utilization of hydrogen and improve hydrogen infrastructure in their countries. To utilize the emerging opportunities, Gazprom, a major Russian gas company, is looking to provide an emission-free variant of hydrogen for export in Europe.
Hydrogen is produced primarily for use in oil refinery, steel, and chemical industries. There are several producers of hydrogen, most of which are subsidiaries of the world’s leading brands such as Praxair, Air Liquide, and Linde. In Russia, hydrogen is often produced directly at the plant where it is used.
The Russian Ministry of Energy has drafted the road map for the development of hydrogen energy in Russia from 2020 to 2024. All these factors are expected to drive the hydrogen energy storage market in Russia.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia hydrogen energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Russia hydrogen energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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