North America hydrogen storage Market –registering a CAGR of 2.60 %, Industry Trends, Highest Revenue Growth, Top Players, Regional Outlook

Data Bridge Market Research analyses that the North America hydrogen storage market was valued at USD 1554.45 million in 2021 and is expected to reach USD 1908.78 million by 2029, registering a CAGR of 2.60 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Market Definition

Hydrogen can be extracted from biomass and fossil fuels from water, or from a mix of both. Hydrogen can be stored in various ways, such as physically as either a liquid or gas. Storage of hydrogen as a liquid requires cryogenic temperatures due to their boiling point which is −252.8°C at one-atmosphere pressure. Storage of hydrogen as a gas usually needs high-pressure tanks (350–700 bar [5,000–10,000 psi] tank pressure).

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North America Hydrogen Storage Market Scope

North America hydrogen storage market is segmented on the basis of form, type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Form

·         Physical

·         Material Based

Type

·         Cylinder

·         Merchant

·         On-Site

·         On-Board

Distribution

·         Pipelines

·         On-Site Production

·         Road Transport

·         Application

·         Stationary Power

·         Portable Power

·         Transportation

 End-User

·         Chemicals

·         Oil Refining

·         Transportation

·         Industrial

·         Metal Working

·         Others

Competitive Landscape and North America Hydrogen Storage Market Share Analysis

North America hydrogen storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrogen storage market.

Some of the major players operating in the North America hydrogen storage market are:

·         Linde plc (Ireland)

·         Air Liquide (France)

·         Hexagon Composites ASA (Norway)

·         Luxfer Gas Cylinders (UK)

·         Worthington Industries, (US)

·         McPhy Energy S.A (France)

·         General Motors (Us)

·         Toshiba Energy Systems & Solutions Corporation (Japan)

·         HYDROGEN COMPONENTS, INC. (US)

·         Steelhead Composites, INC (US)

·         Process Kana (US)

·         Hydrogenics (Canada)

·         FuelCell Energy, Inc (US)

·         Air Products and Chemicals, Inc (US)

·         Panasonic Corporation (Japan)

·         Cummins Inc (US)

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Hydrogen Storage Market Regional Analysis/Insights

 North America hydrogen storage market is analysed and market size insights and trends are provided by country, form, type, application and end-user as referenced above.

The countries covered in the North America hydrogen storage market report are U.S., Canada and Mexico in North America.

U.S dominates the hydrogen storage market during the forecast period. This is due to large number of physical storage in the U.S. is made up of hydrogen storage and growing demand for low emission fuel overall U.S. also drives the market with growing investment in production of hydrogen storage in Canada.

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Our research and insights assist our clients in identifying business partners.

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About Data Bridge Market Research (DBMR):

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

 

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.

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