Low Emission Hydrogen Storage and Transportation

According to a survey, the global hydrogen storage market will reach US$15.6 billion in 2022 and US$26.9 billion in 2030 at a CAGR of 7.1% (Figure 1). As hydrogen energy becomes more and more important to all countries, the development of hydrogen energy and its storage technology has also become one of the key development projects. In the Asia-Pacific region, especially in China, Korea, Japan, and India, industrial hydrogen demand and power shortages have led to increased investment in hydrogen storage projects; the Asia-Pacific region's market share of the hydrogen storage market has now reached 38%, higher than that of Europe and North America.