Hydrogen Energy Storage Market to Reach $25.4 Bn, Globally, by 2027 at 6.5% CAGR: Allied Market Research
b'PORTLAND, Ore., April 13, 2021 /PRNewswire/ -- Allied Market Research published a report, titled," Hydrogen Energy Storage Market by Product Type (Liquid, Solid, and Gas), Application (Stationary Power and Transportation), and End User (Industrial and Commercial): Opportunity Analysis and Industry Forecast, 20202027."
- b'PORTLAND, Ore., April 13, 2021 /PRNewswire/ -- Allied Market Research published a report, titled," Hydrogen Energy Storage Market by Product Type (Liquid, Solid, and Gas), Application (Stationary Power and Transportation), and End User (Industrial and Commercial): Opportunity Analysis and Industry Forecast, 20202027."
- On the other hand, high capital cost is expected to curb the growth to some extent.
- Huge demand from the transportation sector and low storage cost of compressed hydrogen propels the segment growth.
- This is attributed to the increasing demand from the automotive and transport sectors.\nGet detailed COVID-19 impact analysis on the Hydrogen Energy Storage Market: https://www.alliedmarketresearch.com/request-for-customization/10943?req...\nBased on application, the transportation segment contributed to more than two-thirds of the global hydrogen energy storage market revenue in 2019, and is projected to rule the roost by 2027.