Dublin, Dec. 20, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Hydrogen Storage and Transportation Market: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific hydrogen storage and transportation market, valued at $436.1 million in 2023, is expected to reach $2.55 billion by 2033, exhibiting a robust CAGR of 19.34% during the forecast period 2023-2033.
The market for hydrogen storage and transportation in Asia-Pacific is being driven by the pressing need for decarbonization, which positions hydrogen as a crucial renewable energy source for a variety of industries. The safety, effectiveness, and affordability of hydrogen systems are being improved by technological developments, which is encouraging wider implementation throughout the area. 
Growing investments in renewable energy for the production of green hydrogen, together with encouraging government regulations and aggressive clean energy targets in nations like Australia, China, South Korea, and Japan, are driving market expansion. The increasing use of fuel cell automobiles and growing industrial applications in industries like steel, chemicals, and power generation are driving the development of hydrogen infrastructure, including fuelling stations.
The growing demand for reliable and scalable hydrogen storage and transportation solutions underscores APAC's commitment to a sustainable, low-carbon future. These advancements are crucial to achieving energy transition targets and fostering economic growth through clean energy innovation.
Benefits to Purchasing this Research Report
Product/Innovation Strategy
The product segment helps the reader understand the different application and product segments of hydrogen storage and transportation and their potential in APAC region. Moreover, the study gives the reader a detailed understanding of the end-use industries and different products offered with different regulations, consortiums and associations, and government programs impacting the hydrogen storage and transportation manufacturers for various purposes.
Growth/Marketing Strategy
The APAC hydrogen storage and transportation market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnership, collaboration, and joint venture activities to strengthen their position in the APAC hydrogen storage and transportation market.
Competitive Strategy
Key players in the APAC hydrogen storage and transportation market analyzed and profiled in the study involve hydrogen storage and transportation manufacturers, including market segments covered by distinct product kinds, applications served, and regional presence, as well as the influence of important market tactics employed.
Moreover, a detailed competitive benchmarking of the players operating in the APAC hydrogen storage and transportation market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some prominent names established in the market are:
- CIMC Enric Holdings Limited
- INOX India Limited
Key Attributes
| Report Attribute | Details |
| No. of Pages | 62 |
| Forecast Period | 2023-2033 |
| Estimated Market Value (USD) in 2023 | $436.1 Million |
| Forecasted Market Value (USD) by 2033 | $2.55 Billion |
| Compound Annual Growth Rate | 19.3% |
| Regions Covered | Asia Pacific |
Key Topics Covered
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends Shaping Hydrogen Storage and Transportation Market
1.1.2 Technological Advancements for More Efficient and Safe Hydrogen Storage
1.1.3 Surge in Infrastructural Development
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country and Company)
1.4 Regulatory Landscape
1.5 Market Dynamics Overview
1.5.1 Market Drivers
1.5.1.1 Decarbonization and Climate Change Initiatives
1.5.1.2 Technological Advancements and Cost Reduction
1.5.2 Market Restraints
1.5.2.1 Safety Concerns Regarding High Flammability of Hydrogen
1.5.2.2 Low Hydrogen Adoption Rate Compared to Other Energy Types
1.5.3 Market Opportunities
1.5.3.1 Rising Investments in Hydrogen Fueling Stations
1.5.3.2 Renewable Energy Integration
2 Regions
2.1 Regional Summary
2.2 Asia-Pacific
2.2.1 Key Market Participants in Asia-Pacific
2.2.2 Regional Overview
2.2.3 Driving Factors for Market Growth
2.2.4 Factors Challenging the Market
2.2.5 Application
2.2.6 Product
2.2.7 China
2.2.8 South Korea
2.2.9 Japan
2.2.10 India
2.2.11 Rest-of-Asia-Pacific
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Landscape
3.2 Next Frontiers
3.3 Company Profiles
3.3.1 CIMC Enric Holdings Limited
3.3.1.1 Overview
3.3.1.2 Top Products/Product Portfolio
3.3.1.3 Top Competitors
3.3.1.4 Target Customers
3.3.1.5 Key Personnel
3.3.1.6 Analyst View
3.3.1.7 Market Share
3.3.2 INOX India Limited
3.3.2.1 Overview
3.3.2.2 Top Products/Product Portfolio
3.3.2.3 Top Competitors
3.3.2.4 Target Customers
3.3.2.5 Key Personnel
3.3.2.6 Analyst View
3.3.2.7 Market Share
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
List of Figures
Figure 1: Hydrogen Storage and Transportation Market (by Region), $Million, 2022, 2026, and 2033
Figure 2: Pricing Analysis for Hydrogen Storage and Transportation Market (by Global and Region), $ per Unit, 2022, 2026, and 2033
Figure 3: Asia-Pacific Hydrogen Storage and Transportation Market (by Application), $Million, 2022, 2026, and 2033
Figure 4: Asia-Pacific Hydrogen Storage and Transportation Market (by Product), $Million, 2022, 2026, and 2033
Figure 5: Key Events
Figure 6: Investment Needed to Develop Announced Projects Covering the Hydrogen Value Chain through 2030 ($Billion)
Figure 7: Supply Chain Analysis for Hydrogen Storage and Transportation Market
Figure 8: Patent Filed (by Country), January 2020-December 2023
Figure 9: Patent Filed (by Company), January 2020-December 2023
Figure 10: Impact Analysis of Hydrogen Storage and Transportation Market Navigating Factors, 2023-2033
Figure 11: Minimum Ignition Energy (mJ)
Figure 12: Share of Energy Sources, 2021
Figure 13: China Hydrogen Storage and Transportation Market, $Million, 2022-2033
Figure 14: South Korea Hydrogen Storage and Transportation Market, $Million, 2022-2033
Figure 15: Japan Hydrogen Storage and Transportation Market, $Million, 2022-2033
Figure 16: India Hydrogen Storage and Transportation Market, $Million, 2022-2033
Figure 17: Rest-of-Asia-Pacific Hydrogen Storage and Transportation Market, $Million, 2022-2033
Figure 18: Strategic Initiatives, January 2020-February 2024
Figure 19: Share of Strategic Initiatives, January 2020-February 2024
Figure 20: Data Triangulation
Figure 21: Top-Down and Bottom-Up Approach
Figure 22: Assumptions and Limitations
List of Tables
Table 1: Market Snapshot
Table 2: Opportunities across Regions
Table 3: Regulatory Scenario for Four Leading Countries
Table 4: Hydrogen Storage and Transportation Market (by Region), $Million, 2022-2033
Table 5: Hydrogen Storage and Transportation Market (by Region), Unit, 2022-2033
Table 6: Asia-Pacific Hydrogen Storage and Transportation Market (by Application), $Million, 2022-2033
Table 7: Asia-Pacific Hydrogen Storage and Transportation Market (by Storage), $Million, 2022-2033
Table 8: Asia-Pacific Hydrogen Storage and Transportation Market (by Distribution), $Million, 2022-2033
Table 9: China Hydrogen Storage and Transportation Market (by Application), $Million, 2022-2033
Table 10: China Hydrogen Storage and Transportation Market (by Storage), $Million, 2022-2033
Table 11: China Hydrogen Storage and Transportation Market (by Distribution), $Million, 2022-2033
Table 12: South Korea Hydrogen Storage and Transportation Market (by Application), $Million, 2022-2033
Table 13: South Korea Hydrogen Storage and Transportation Market (by Storage), $Million, 2022-2033
Table 14: South Korea Hydrogen Storage and Transportation Market (by Distribution), $Million, 2022-2033
Table 15: Japan Hydrogen Storage and Transportation Market (by Application), $Million, 2022-2033
Table 16: Japan Hydrogen Storage and Transportation Market (by Storage), $Million, 2022-2033
Table 17: Japan Hydrogen Storage and Transportation Market (by Distribution), $Million, 2022-2033
Table 18: India Hydrogen Storage and Transportation Market (by Application), $Million, 2022-2033
Table 19: India Hydrogen Storage and Transportation Market (by Storage), $Million, 2022-2033
Table 20: India Hydrogen Storage and Transportation Market (by Distribution), $Million, 2022-2033
Table 21: Rest-of-Asia-Pacific Hydrogen Storage and Transportation Market (by Application), $Million, 2022-2033
Table 22: Rest-of-Asia-Pacific Hydrogen Storage and Transportation Market (by Storage), $Million, 2022-2033
Table 23: Rest-of-Asia-Pacific Hydrogen Storage and Transportation Market (by Distribution), $Million, 2022-2033
Table 24: Market Share, 2022
For more information about this report visit https://www.researchandmarkets.com/r/iclwyi
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