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Underground Hydrogen Storage Market Size, Share 2024
The global Underground Hydrogen Storage market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million.
Porous Media Storage Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Underground Hydrogen Storage include Air Liquide, Air Products and Chemicals, Inc., Engie, Linde plc, Texas Brine Company, LLC, Uniper SE and WSP, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Underground hydrogen storage?is the practice of?hydrogen storage?in?caverns, salt domes and depleted oil/gas fields. The storage of large quantities of hydrogen underground in solution-mined salt domes, aquifers, excavated rock caverns, or mines can function as grid energy storage, essential for the hydrogen economy.
This report aims to provide a comprehensive presentation of the global market for Underground Hydrogen Storage, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Underground Hydrogen Storage. This report contains market size and forecasts of Underground Hydrogen Storage in global, including the following market information:
Global Underground Hydrogen Storage Market Revenue, 2020-2024, 2025-2030, ($ millions)
Global top five companies in 2023 (%)
We surveyed the Underground Hydrogen Storage companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Underground Hydrogen Storage Market, by Type, 2020-2024, 2025-2030 ($ millions)
Global Underground Hydrogen Storage Market Segment Percentages, by Type, 2023 (%)
Porous Media Storage
Salt Caverns
Engineered Cavities
Global Underground Hydrogen Storage Market, by Application, 2020-2024, 2025-2030 ($ millions)
Global Underground Hydrogen Storage Market Segment Percentages, by Application, 2023 (%)
Refineries
Chemical Plants
Power Generation
Others
Global Underground Hydrogen Storage Market, By Region and Country, 2020-2024, 2025-2030 ($ Millions)
Global Underground Hydrogen Storage Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Underground Hydrogen Storage revenues in global market, 2020-2024 (estimated), ($ millions)
Key companies Underground Hydrogen Storage revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Air Liquide
Air Products and Chemicals, Inc.
Engie
Linde plc
Texas Brine Company, LLC
Uniper SE
WSP
Outline of Major Chapters:
Chapter 1: Introduces the definition of Underground Hydrogen Storage, market overview.
Chapter 2: Global Underground Hydrogen Storage market size in revenue.
Chapter 3: Detailed analysis of Underground Hydrogen Storage company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Underground Hydrogen Storage in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
| Report Attributes |
Report Details |
| Report Title |
Underground Hydrogen Storage Market, Global Outlook and Forecast 2024-2030 |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2023 |
| Forecast Year |
2031 |
| Number of Pages |
68 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Underground Hydrogen Storage Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Underground Hydrogen Storage Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Underground Hydrogen Storage Overall Market Size
2.1 Global Underground Hydrogen Storage Market Size: 2023 VS 2030
2.2 Global Underground Hydrogen Storage Market Size, Prospects & Forecasts: 2020-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Underground Hydrogen Storage Players in Global Market
3.2 Top Global Underground Hydrogen Storage Companies Ranked by Revenue
3.3 Global Underground Hydrogen Storage Revenue by Companies
3.4 Top 3 and Top 5 Underground Hydrogen Storage Companies in Global Market, by Revenue in 2023
3.5 Global Companies Underground Hydrogen Storage Product Type
3.6 Tier 1, Tier 2 and Tier 3 Underground Hydrogen Storage Players in Global Market
3.6.1 List of Global Tier 1 Underground Hydrogen Storage Companies
3.6.2 List of Global Tier 2 and Tier 3 Underground Hydrogen Storage Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Underground Hydrogen Storage Market Size Markets, 2023 & 2030
4.1.2 Porous Media Storage
4.1.3 Salt Caverns
4.1.4 Engineered Cavities
4.2 By Type - Global Underground Hydrogen Storage Revenue & Forecasts
4.2.1 By Type - Global Underground Hydrogen Storage Revenue, 2020-2024
4.2.2 By Type - Global Underground Hydrogen Storage Revenue, 2025-2030
4.2.3 By Type - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Underground Hydrogen Storage Market Size, 2023 & 2030
5.1.2 Refineries
5.1.3 Chemical Plants
5.1.4 Power Generation
5.1.5 Others
5.2 By Application - Global Underground Hydrogen Storage Revenue & Forecasts
5.2.1 By Application - Global Underground Hydrogen Storage Revenue, 2020-2024
5.2.2 By Application - Global Underground Hydrogen Storage Revenue, 2025-2030
5.2.3 By Application - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
6 Sights by Region
6.1 By Region - Global Underground Hydrogen Storage Market Size, 2023 & 2030
6.2 By Region - Global Underground Hydrogen Storage Revenue & Forecasts
6.2.1 By Region - Global Underground Hydrogen Storage Revenue, 2020-2024
6.2.2 By Region - Global Underground Hydrogen Storage Revenue, 2025-2030
6.2.3 By Region - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
6.3 North America
6.3.1 By Country - North America Underground Hydrogen Storage Revenue, 2020-2030
6.3.2 US Underground Hydrogen Storage Market Size, 2020-2030
6.3.3 Canada Underground Hydrogen Storage Market Size, 2020-2030
6.3.4 Mexico Underground Hydrogen Storage Market Size, 2020-2030
6.4 Europe
6.4.1 By Country - Europe Underground Hydrogen Storage Revenue, 2020-2030
6.4.2 Germany Underground Hydrogen Storage Market Size, 2020-2030
6.4.3 France Underground Hydrogen Storage Market Size, 2020-2030
6.4.4 U.K. Underground Hydrogen Storage Market Size, 2020-2030
6.4.5 Italy Underground Hydrogen Storage Market Size, 2020-2030
6.4.6 Russia Underground Hydrogen Storage Market Size, 2020-2030
6.4.7 Nordic Countries Underground Hydrogen Storage Market Size, 2020-2030
6.4.8 Benelux Underground Hydrogen Storage Market Size, 2020-2030
6.5 Asia
6.5.1 By Region - Asia Underground Hydrogen Storage Revenue, 2020-2030
6.5.2 China Underground Hydrogen Storage Market Size, 2020-2030
6.5.3 Japan Underground Hydrogen Storage Market Size, 2020-2030
6.5.4 South Korea Underground Hydrogen Storage Market Size, 2020-2030
6.5.5 Southeast Asia Underground Hydrogen Storage Market Size, 2020-2030
6.5.6 India Underground Hydrogen Storage Market Size, 2020-2030
6.6 South America
6.6.1 By Country - South America Underground Hydrogen Storage Revenue, 2020-2030
6.6.2 Brazil Underground Hydrogen Storage Market Size, 2020-2030
6.6.3 Argentina Underground Hydrogen Storage Market Size, 2020-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Underground Hydrogen Storage Revenue, 2020-2030
6.7.2 Turkey Underground Hydrogen Storage Market Size, 2020-2030
6.7.3 Israel Underground Hydrogen Storage Market Size, 2020-2030
6.7.4 Saudi Arabia Underground Hydrogen Storage Market Size, 2020-2030
6.7.5 UAE Underground Hydrogen Storage Market Size, 2020-2030
7 Underground Hydrogen Storage Companies Profiles
7.1 Air Liquide
7.1.1 Air Liquide Company Summary
7.1.2 Air Liquide Business Overview
7.1.3 Air Liquide Underground Hydrogen Storage Major Product Offerings
7.1.4 Air Liquide Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.1.5 Air Liquide Key News & Latest Developments
7.2 Air Products and Chemicals, Inc.
7.2.1 Air Products and Chemicals, Inc. Company Summary
7.2.2 Air Products and Chemicals, Inc. Business Overview
7.2.3 Air Products and Chemicals, Inc. Underground Hydrogen Storage Major Product Offerings
7.2.4 Air Products and Chemicals, Inc. Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.2.5 Air Products and Chemicals, Inc. Key News & Latest Developments
7.3 Engie
7.3.1 Engie Company Summary
7.3.2 Engie Business Overview
7.3.3 Engie Underground Hydrogen Storage Major Product Offerings
7.3.4 Engie Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.3.5 Engie Key News & Latest Developments
7.4 Linde plc
7.4.1 Linde plc Company Summary
7.4.2 Linde plc Business Overview
7.4.3 Linde plc Underground Hydrogen Storage Major Product Offerings
7.4.4 Linde plc Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.4.5 Linde plc Key News & Latest Developments
7.5 Texas Brine Company, LLC
7.5.1 Texas Brine Company, LLC Company Summary
7.5.2 Texas Brine Company, LLC Business Overview
7.5.3 Texas Brine Company, LLC Underground Hydrogen Storage Major Product Offerings
7.5.4 Texas Brine Company, LLC Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.5.5 Texas Brine Company, LLC Key News & Latest Developments
7.6 Uniper SE
7.6.1 Uniper SE Company Summary
7.6.2 Uniper SE Business Overview
7.6.3 Uniper SE Underground Hydrogen Storage Major Product Offerings
7.6.4 Uniper SE Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.6.5 Uniper SE Key News & Latest Developments
7.7 WSP
7.7.1 WSP Company Summary
7.7.2 WSP Business Overview
7.7.3 WSP Underground Hydrogen Storage Major Product Offerings
7.7.4 WSP Underground Hydrogen Storage Revenue in Global Market (2020-2024)
7.7.5 WSP Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Underground Hydrogen Storage Market Opportunities & Trends in Global Market
Table 2. Underground Hydrogen Storage Market Drivers in Global Market
Table 3. Underground Hydrogen Storage Market Restraints in Global Market
Table 4. Key Players of Underground Hydrogen Storage in Global Market
Table 5. Top Underground Hydrogen Storage Players in Global Market, Ranking by Revenue (2023)
Table 6. Global Underground Hydrogen Storage Revenue by Companies, (US$, Mn), 2020-2024
Table 7. Global Underground Hydrogen Storage Revenue Share by Companies, 2020-2024
Table 8. Global Companies Underground Hydrogen Storage Product Type
Table 9. List of Global Tier 1 Underground Hydrogen Storage Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Underground Hydrogen Storage Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 11. By Type ? Global Underground Hydrogen Storage Revenue, (US$, Mn), 2023 & 2030
Table 12. By Type - Underground Hydrogen Storage Revenue in Global (US$, Mn), 2020-2024
Table 13. By Type - Underground Hydrogen Storage Revenue in Global (US$, Mn), 2025-2030
Table 14. By Application ? Global Underground Hydrogen Storage Revenue, (US$, Mn), 2023 & 2030
Table 15. By Application - Underground Hydrogen Storage Revenue in Global (US$, Mn), 2020-2024
Table 16. By Application - Underground Hydrogen Storage Revenue in Global (US$, Mn), 2025-2030
Table 17. By Region ? Global Underground Hydrogen Storage Revenue, (US$, Mn), 2023 & 2030
Table 18. By Region - Global Underground Hydrogen Storage Revenue (US$, Mn), 2020-2024
Table 19. By Region - Global Underground Hydrogen Storage Revenue (US$, Mn), 2025-2030
Table 20. By Country - North America Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2024
Table 21. By Country - North America Underground Hydrogen Storage Revenue, (US$, Mn), 2025-2030
Table 22. By Country - Europe Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2024
Table 23. By Country - Europe Underground Hydrogen Storage Revenue, (US$, Mn), 2025-2030
Table 24. By Region - Asia Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2024
Table 25. By Region - Asia Underground Hydrogen Storage Revenue, (US$, Mn), 2025-2030
Table 26. By Country - South America Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2024
Table 27. By Country - South America Underground Hydrogen Storage Revenue, (US$, Mn), 2025-2030
Table 28. By Country - Middle East & Africa Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2024
Table 29. By Country - Middle East & Africa Underground Hydrogen Storage Revenue, (US$, Mn), 2025-2030
Table 30. Air Liquide Company Summary
Table 31. Air Liquide Underground Hydrogen Storage Product Offerings
Table 32. Air Liquide Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 33. Air Liquide Key News & Latest Developments
Table 34. Air Products and Chemicals, Inc. Company Summary
Table 35. Air Products and Chemicals, Inc. Underground Hydrogen Storage Product Offerings
Table 36. Air Products and Chemicals, Inc. Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 37. Air Products and Chemicals, Inc. Key News & Latest Developments
Table 38. Engie Company Summary
Table 39. Engie Underground Hydrogen Storage Product Offerings
Table 40. Engie Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 41. Engie Key News & Latest Developments
Table 42. Linde plc Company Summary
Table 43. Linde plc Underground Hydrogen Storage Product Offerings
Table 44. Linde plc Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 45. Linde plc Key News & Latest Developments
Table 46. Texas Brine Company, LLC Company Summary
Table 47. Texas Brine Company, LLC Underground Hydrogen Storage Product Offerings
Table 48. Texas Brine Company, LLC Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 49. Texas Brine Company, LLC Key News & Latest Developments
Table 50. Uniper SE Company Summary
Table 51. Uniper SE Underground Hydrogen Storage Product Offerings
Table 52. Uniper SE Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 53. Uniper SE Key News & Latest Developments
Table 54. WSP Company Summary
Table 55. WSP Underground Hydrogen Storage Product Offerings
Table 56. WSP Underground Hydrogen Storage Revenue (US$, Mn) & (2020-2024)
Table 57. WSP Key News & Latest Developments
List of Figures
Figure 1. Underground Hydrogen Storage Segment by Type in 2023
Figure 2. Underground Hydrogen Storage Segment by Application in 2023
Figure 3. Global Underground Hydrogen Storage Market Overview: 2023
Figure 4. Key Caveats
Figure 5. Global Underground Hydrogen Storage Market Size: 2023 VS 2030 (US$, Mn)
Figure 6. Global Underground Hydrogen Storage Revenue, 2020-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Underground Hydrogen Storage Revenue in 2023
Figure 8. By Type - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 9. By Application - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 10. By Type - Global Underground Hydrogen Storage Revenue, (US$, Mn), 2023 & 2030
Figure 11. By Type - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 12. By Application - Global Underground Hydrogen Storage Revenue, (US$, Mn), 2023 & 2030
Figure 13. By Application - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 14. By Region - Global Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 15. By Country - North America Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 16. US Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 17. Canada Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 18. Mexico Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 19. By Country - Europe Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 20. Germany Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 21. France Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 22. U.K. Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 23. Italy Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 24. Russia Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 25. Nordic Countries Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 26. Benelux Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 27. By Region - Asia Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 28. China Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 29. Japan Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 30. South Korea Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 31. Southeast Asia Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 32. India Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 33. By Country - South America Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 34. Brazil Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 35. Argentina Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 36. By Country - Middle East & Africa Underground Hydrogen Storage Revenue Market Share, 2020-2030
Figure 37. Turkey Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 38. Israel Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 39. Saudi Arabia Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 40. UAE Underground Hydrogen Storage Revenue, (US$, Mn), 2020-2030
Figure 41. Air Liquide Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 42. Air Products and Chemicals, Inc. Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 43. Engie Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 44. Linde plc Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 45. Texas Brine Company, LLC Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 46. Uniper SE Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
Figure 47. WSP Underground Hydrogen Storage Revenue Year Over Year Growth (US$, Mn) & (2020-2024)
