Material Based Hydrogen Energy Storage Market
Material-based Hydrogen Energy Storage Market Forecasts to 2030 - Global Analysis By Material (Metal Hydrides, Chemical Hydrides, Carbon-based Materials, Porous Materials, Glass Microspheres and Other Materials), Storage Method, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $1.82 BN |
|
Projected Year Value (2030) |
US $8.46 BN |
|
CAGR (2024 - 2030) |
16.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Material-based Hydrogen Energy Storage Market is accounted for $1.82 billion in 2024 and is expected to reach $8.46 billion by 2030 growing at a CAGR of 16.2% during the forecast period. Material-based hydrogen energy storage refers to storing hydrogen using solid or liquid materials that absorb, adsorb, or chemically bond with hydrogen. This method enhances safety, efficiency, and storage density compared to conventional gas or liquid hydrogen storage. These materials enable reversible hydrogen storage and release under controlled conditions, making them suitable for fuel cells, renewable energy integration, and transportation applications.
According to the Energy Information Administration (EIA), solar, wind, and other non-hydroelectric renewables would be the fastest growing areas of the energy portfolio for the next two years.
Market Dynamics:
Driver:
Rising focus on reducing carbon emissions
Governments and industries worldwide are investing in hydrogen as a clean energy carrier to replace fossil fuels in transportation, power generation, and heavy industries. Material-based storage solutions, such as metal hydrides and MOFs, enable safe and efficient hydrogen storage, supporting the transition to green energy. Stricter emission regulations, carbon neutrality goals, and increasing adoption of hydrogen fuel cell technology further accelerate demand, fostering innovation and boosting market growth.
Restraint:
Storage efficiency & durability issues
Storage efficiency and durability issues in material-based hydrogen energy storage arise due to challenges in hydrogen absorption/desorption rates, material degradation, and energy losses during storage and release. Some materials, like metal hydrides and MOFs, suffer from slow kinetics, limited recyclability, and reduced capacity over repeated cycles. These inefficiencies impact long-term performance, increasing maintenance costs and limiting large-scale adoption. As a result, industries hesitate to invest, slowing market growth.
Opportunity:
Increasing applications in transportation
Material-based storage, using metal hydrides, MOFs, and chemical carriers, offers higher energy density and safety compared to traditional gaseous or liquid hydrogen storage. Governments and automakers are investing in hydrogen mobility, fueling market expansion. As transportation sectors push for zero-emission alternatives, advanced storage materials become essential, accelerating R&D, production, and adoption, thereby propelling the growth of the material-based hydrogen energy storage market.
Threat:
Safety & handling concerns
Safety and handling concerns in material-based hydrogen energy storage arise due to the high reactivity, flammability, and potential instability of hydrogen storage materials. Some materials, like metal hydrides and chemical hydrogen carriers, require specific temperature and pressure conditions, posing risks of leaks, thermal runaway, or hazardous reactions. These safety challenges increase regulatory scrutiny, complicate transportation logistics, and raise operational costs, thereby, slowing market adoption.
Covid-19 Impact:
The covid-19 pandemic initially disrupted the material-based hydrogen energy storage market due to supply chain disruptions, project delays, and reduced investments in R&D. However, post-pandemic recovery accelerated market growth as governments prioritized green energy initiatives for economic recovery. While short-term challenges affected production and deployment, long-term trends favoured material-based hydrogen storage, particularly in renewable energy integration, transportation, and industrial applications.
The grid stabilization segment is expected to be the largest during the forecast period
The grid stabilization segment is expected to account for the largest market share during the forecast period. Material-based hydrogen energy storage plays a crucial role in grid stabilization by addressing renewable energy intermittency. Advanced materials like metal hydrides, MOFs, and chemical hydrogen carriers enable efficient hydrogen storage and controlled release, providing a reliable energy supply during peak demand. This technology helps balance power fluctuations, enhances grid reliability, and supports large-scale renewable energy integration.
The heavy industries segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the heavy industries segment is predicted to witness the highest growth rate. Material-based hydrogen energy storage is crucial for decarbonizing heavy industries like steel, cement, and chemicals, which require continuous, high-energy processes. Metal hydrides, MOFs, and chemical hydrogen carriers enable safe, high-density hydrogen storage, providing a stable fuel source for industrial operations. This technology supports hydrogen-based heating, production of green steel, and ammonia synthesis while reducing reliance on fossil fuels.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to strong government support, rising clean energy demand, and increasing investments in hydrogen infrastructure. Countries like Japan, South Korea, and China lead the market with national hydrogen strategies, subsidies, and R&D funding. Japan is pioneering solid-state hydrogen storage, while China is advancing metal hydrides and chemical hydrogen carriers. Growing fuel cell vehicle adoption and renewable energy integration further drive demand.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by increasing government initiatives, clean energy targets, and investments in hydrogen infrastructure. The U.S. and Canada are driving market expansion with funding for hydrogen research, tax incentives, and collaborations between public and private sectors. Further, rising decarbonization efforts and technological innovations will continue to propel market growth.
Key players in the market
Some of the key players in Material-based Hydrogen Energy Storage market include Air Liquide, Linde plc, Air Products and Chemicals, Inc., ENGIE, FuelCell Energy, Inc., ITM Power PLC, GKN Hydrogen, McPhy Energy S.A., Plug Power Inc., Cummins Inc., Chart Industries, Hexagon Purus, Hydrogenious LOHC Technologies, HYGEAR, Cockerill Jingli Hydrogen, Pragma Industries, Uniper and Gravitricity Limited.
Key Developments:
In February 2024, Plug Power introduced innovative hydrogen storage tanks and a pioneering mobile liquid hydrogen refueler, significantly enhancing hydrogen storage and distribution capabilities. The newly launched hydrogen storage tanks are designed to efficiently store liquid hydrogen, supporting various applications across the energy and transportation sectors.
In August 2023, Uniper initiated the HyStorage research project at its Bierwang storage facility in Germany. This project aims to assess the feasibility of storing hydrogen in porous rock formations, marking a significant step toward large-scale underground hydrogen storage solutions.
Materials Covered:
• Metal Hydrides
• Chemical Hydrides
• Carbon-based Materials
• Porous Materials
• Glass Microspheres
• Other Materials
Storage Methods Covered:
• Physical Storage
• Chemical Storage
• Other Storage Methods
Applications Covered:
• Grid Stabilization
• Remote Power Supply
• Chemical Manufacturing
• Refining Processes
• Metal Processing
• Other Applications
End Users Covered:
• Data Centers
• Warehouses
• Heavy Industries
• Manufacturing Plants
• Utilities
• Automotives
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Material-based Hydrogen Energy Storage Market, By Material
5.1 Introduction
5.2 Metal Hydrides
5.3 Chemical Hydrides
5.4 Carbon-based Materials
5.5 Porous Materials
5.6 Glass Microspheres
5.7 Other Materials
6 Global Material-based Hydrogen Energy Storage Market, By Storage Method
6.1 Introduction
6.2 Physical Storage
6.2.1 High-pressure Gas Storage
6.2.2 Cryogenic Liquid Hydrogen Storage
6.3 Chemical Storage
6.3.1 Solid-state Hydrogen Storage
6.3.2 Liquid Hydrogen Carriers
6.4 Other Storage Methods
7 Global Material-based Hydrogen Energy Storage Market, By Application
7.1 Introduction
7.2 Grid Stabilization
7.3 Remote Power Supply
7.4 Chemical Manufacturing
7.5 Refining Processes
7.6 Metal Processing
7.7 Other Applications
8 Global Material-based Hydrogen Energy Storage Market, By End User
8.1 Introduction
8.2 Data Centers
8.3 Warehouses
8.4 Heavy Industries
8.5 Manufacturing Plants
8.6 Utilities
8.7 Automotives
8.8 Other End Users
9 Global Material-based Hydrogen Energy Storage Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.9 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.9 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.9 Middle East & Africa
9.9.1 Saudi Arabia
9.9.2 UAE
9.9.3 Qatar
9.9.4 South Africa
9.9.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Air Liquide
11.2 Linde plc
11.3 Air Products and Chemicals, Inc.
11.4 ENGIE
11.5 FuelCell Energy, Inc.
11.6 ITM Power PLC
11.7 GKN Hydrogen
11.8 McPhy Energy S.A.
11.9 Plug Power Inc.
11.10 Cummins Inc.
11.11 Chart Industries
11.12 Hexagon Purus
11.13 Hydrogenious LOHC Technologies
11.14 HYGEAR
11.15 Cockerill Jingli Hydrogen
11.16 Pragma Industries
11.17 Uniper
11.18 Gravitricity Limited
List of Tables
1 Global Material-based Hydrogen Energy Storage Market Outlook, By Region (2022-2030) ($MN)
2 Global Material-based Hydrogen Energy Storage Market Outlook, By Material (2022-2030) ($MN)
3 Global Material-based Hydrogen Energy Storage Market Outlook, By Metal Hydrides (2022-2030) ($MN)
4 Global Material-based Hydrogen Energy Storage Market Outlook, By Chemical Hydrides (2022-2030) ($MN)
5 Global Material-based Hydrogen Energy Storage Market Outlook, By Carbon-based Materials (2022-2030) ($MN)
6 Global Material-based Hydrogen Energy Storage Market Outlook, By Porous Materials (2022-2030) ($MN)
7 Global Material-based Hydrogen Energy Storage Market Outlook, By Glass Microspheres (2022-2030) ($MN)
8 Global Material-based Hydrogen Energy Storage Market Outlook, By Other Materials (2022-2030) ($MN)
9 Global Material-based Hydrogen Energy Storage Market Outlook, By Storage Method (2022-2030) ($MN)
10 Global Material-based Hydrogen Energy Storage Market Outlook, By Physical Storage (2022-2030) ($MN)
11 Global Material-based Hydrogen Energy Storage Market Outlook, By High-pressure Gas Storage (2022-2030) ($MN)
12 Global Material-based Hydrogen Energy Storage Market Outlook, By Cryogenic Liquid Hydrogen Storage (2022-2030) ($MN)
13 Global Material-based Hydrogen Energy Storage Market Outlook, By Chemical Storage (2022-2030) ($MN)
14 Global Material-based Hydrogen Energy Storage Market Outlook, By Solid-state Hydrogen Storage (2022-2030) ($MN)
15 Global Material-based Hydrogen Energy Storage Market Outlook, By Liquid Hydrogen Carriers (2022-2030) ($MN)
16 Global Material-based Hydrogen Energy Storage Market Outlook, By Other Storage Methods (2022-2030) ($MN)
17 Global Material-based Hydrogen Energy Storage Market Outlook, By Application (2022-2030) ($MN)
18 Global Material-based Hydrogen Energy Storage Market Outlook, By Grid Stabilization (2022-2030) ($MN)
19 Global Material-based Hydrogen Energy Storage Market Outlook, By Remote Power Supply (2022-2030) ($MN)
20 Global Material-based Hydrogen Energy Storage Market Outlook, By Chemical Manufacturing (2022-2030) ($MN)
21 Global Material-based Hydrogen Energy Storage Market Outlook, By Refining Processes (2022-2030) ($MN)
22 Global Material-based Hydrogen Energy Storage Market Outlook, By Metal Processing (2022-2030) ($MN)
23 Global Material-based Hydrogen Energy Storage Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Material-based Hydrogen Energy Storage Market Outlook, By End User (2022-2030) ($MN)
25 Global Material-based Hydrogen Energy Storage Market Outlook, By Data Centers (2022-2030) ($MN)
26 Global Material-based Hydrogen Energy Storage Market Outlook, By Warehouses (2022-2030) ($MN)
27 Global Material-based Hydrogen Energy Storage Market Outlook, By Heavy Industries (2022-2030) ($MN)
28 Global Material-based Hydrogen Energy Storage Market Outlook, By Manufacturing Plants (2022-2030) ($MN)
29 Global Material-based Hydrogen Energy Storage Market Outlook, By Utilities (2022-2030) ($MN)
30 Global Material-based Hydrogen Energy Storage Market Outlook, By Automotives (2022-2030) ($MN)
31 Global Material-based Hydrogen Energy Storage Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
