Underground Hydrogen Storage Market Size, Share and Report, 2030

Global Underground Hydrogen Storage Market Research Report: Forecast (2024-2030)

Underground Hydrogen Storage Market Report - By Type of Storage (Salt Caverns, Porous Media, [Depleted Gas Reservoir, Aquifer], Others (Engineered Rock Caverns, etc.)), By Hydrogen...... Purity (Pure Hydrogen, Blended Hydrogen), By End Users (Energy (Power Generation & Heating), Industrial (Feedstock & Reducing Agent), Transportation (Logistics & Mobility)), Others Read more

Energy
Feb 2024
Pages 205
Report Format: PDF, Excel, PPT

Market Definition

The process of storing hydrogen produced in underground reservoirs or caverns is known as underground hydrogen storage. This method of storing hydrogen is predicted to balance the energy demand and supply, reduce volatility in energy prices in the forthcoming years, and thus advance the development of the hydrogen economy across the globe.

Market Insights & Analysis: Global Underground Hydrogen Storage Market (2024-30):

The Global Underground Hydrogen Storage Market is estimated to grow at a CAGR of around 28.45% during the forecast period, i.e., 2024-30. The continuously increasing global carbon emissions due to the incessantly fueling energy demand from the past years have directed the world’s need for clean energy. The growing global population & urbanization have also been pushing the need for clean energy with low or no carbon emissions to support day-to-day activities. As per the International Energy Agency, in 2022, the global carbon emission from energy combustion & industrial use stood at nearly 36.8 Gt, which is approximately a 0.9% increase from 2021.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	28.45%
Regions Covered	North America: US, Canada
	Europe: Germany, The UK, France, Spain, France, The Netherlands, Others
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	Latin America: Mexico, Brazil, Argentina, Rest of Latin America
	Middle East & Africa: UAE, Saudi Arabia, Oman, Rest of MEA
Key Companies Profiled	ACES Delta LLC, HyStock (A Gasunie Company), RAG Austria AG, EWE, Enagas SA, Air Liquide, Linde Plc, Engie, Uniper SE, Texas Brine Company, LLC, WSP, Hychico SA, H2eart for Europe, Atco Mining Inc., and others
Market Value	USD Million/Billion

Hydrogen has not only proven to be an effective clean energy carrier but also portrays a considerably high energy density, around 120 MJ/kg, more than that of conventional gasoline or diesel. This notable energy density positions hydrogen as a viable option for numerous sectors, potentially offering a complete substitution for fossil fuels. Moreover, given that the current hydrogen production primarily relies on fossil fuels, there is a necessity for clean production processes.

Furthermore, the political tension and uncertainties amongst the nations around the world have created fear amongst the energy-dependent nations & resulted in volatile prices in recent years. Global disruptions such as the Russia-Ukraine war and the Israel-Hamas war have only proved the need for energy storage. The conventional production of hydrogen and the capture & storage of carbon during the process is also a viable solution only if there is a continuous supply of fossil fuels at economical prices.

With surging research & development in the application of hydrogen in various sectors, the demand for hydrogen is predicted to soar rapidly. In line with the soaring demand for hydrogen, nations across the globe have been consistently investing to develop sufficient production facilities to satiate the future demand. In 2024, a European hydrogen storage alliance, ‘H2eart for Europe,’ underlined the need for hydrogen storage facilities in Europe, considering the future rising demand for hydrogen and the under-construction of hydrogen projects.

Thus, the increasing hydrogen demand and unstable production of low-carbon hydrogen have generated the demand for storage facilities and are estimated to further stimulate the Global Underground Hydrogen Market in the forecast years.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Hydrogen Industry Outlook, 2023
1. Current Scenario
  1. Production vs Consumption (in MMT)
  2. Conventional Hydrogen Vs Clean Hydrogen
  3. Government Initiatives Towards Production of Green Hydrogen
2. Hydrogen Value Chain Analysis
Global Hydrogen Use Case Critical Analysis, 2023
1. Current Uses (Industrial Feedstock)
2. Future Potential (Hydrogen Economy)
Global Clean (Blue + Green) Hydrogen Projects, 2023
Global Underground Hydrogen Storage Consortium & Associations, 2023
Global Underground Hydrogen Storage Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Global Underground Hydrogen Storage Market Policies & Regulations
Global Underground Hydrogen Storage Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Volume (Billion Cubic Meters)
2. Market Share & Analysis
  1. By Type of Storage
    1. Salt Caverns - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Porous Media - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
      1. Depleted Gas Reservoir
      2. Aquifer
    3. Others (Engineered Rock Caverns, etc.) - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
  2. By Hydrogen Purity
    1. Pure Hydrogen - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Blended Hydrogen - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
  3. By End Users
    1. Energy (Power Generation & Heating) - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Industrial (Feedstock & Reducing Agent) - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    3. Transportation (Logistics & Mobility) - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
  4. By Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia-Pacific
    5. The Middle East & Africa
North America Underground Hydrogen Storage Market Development, 2020-2030F
1. Market Size & Analysis
  1. By Volume (Billion Cubic Meters)
2. Market Share & Analysis
  1. By Country
    1. The US - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Others - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
3. Country-wise Readiness for Underground Hydrogen Storage
  1. The US
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  2. Canada
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
Latin America Underground Hydrogen Storage Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Volume (Billion Cubic Meters)
2. Market Share & Analysis
  1. By Country
    1. Argentina - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Others - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
3. Country-wise Readiness for Underground Hydrogen Storage
  1. Mexico
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  2. Brazil
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  3. Argentina
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  4. Rest of Latin America
Europe Underground Hydrogen Storage Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Volume (Billion Cubic Meters)
2. Market Share & Analysis
  1. By Country
    1. The UK - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Germany - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    3. The Netherlands - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    4. Spain - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    5. France - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    6. Others - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
3. Country-wise Readiness for Underground Hydrogen Storage
  1. The UK
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  2. Germany
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  3. The Netherlands
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  4. Spain
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  5. France
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  6. Italy
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  7. Rest of Europe
Asia-Pacific Underground Hydrogen Storage Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Volume (Billion Cubic Meters)
2. Market Share & Analysis
  1. By Country
    1. China - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
    2. Others - Market Size & Forecast in Billion Cubic Meters, 2020-2030F
3. Country-wise Readiness for Underground Hydrogen Storage
  1. China
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  2. India
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  3. Japan
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  4. South Korea
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  5. Australia
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  6. Rest of Asia-Pacific
The Middle East & Africa Underground Hydrogen Storage Market Development, 2020-2030F
1. Country-wise Readiness for Underground Hydrogen Storage
  1. The UAE
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  2. Saudi Arabia
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  3. Oman
    1. Potential Storage Capacity
    2. Research & Development
    3. Future Hydrogen Demand in the Country
    4. Government Initiatives to Boost Hydrogen Development
    5. Others
  4. Others
Global Underground Hydrogen Storage Market Key Stakeholders
1. Hydrogen Producers
2. Storage Facility Providers
3. Company Profiles
  1. Advanced Clean Energy Storage I, LLC
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. HyStock (A Gasunie Company)
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. RAG Austria AG
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. EWE
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Enagas SA
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Air Liquide
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Linde Plc
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Engie
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Uniper SE
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Texas Brine Company, LLC,
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. WSP
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Hychico S.A.
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. H2eart for Europe
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Atco Mining Inc.
    1. Business Description
    2. Product & Service Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

Full Name*:

Company Name*:

Business Email*:

Country Name*:

Contact Number*:

Message:

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now

Inquire Before Buying