Global Underground Hydrogen Storage Industry

2023-2029 Global Underground Hydrogen Storage Industry Research & Trends Analysis Report

Global Underground Hydrogen Storage Industry

2023-2029 Global Underground Hydrogen Storage Industry Research & Trends Analysis Report


Underground Hydrogen Storage Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast - is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.


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According to the latest research analysis,the global market for Underground Hydrogen Storage should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

China Underground Hydrogen Storage market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

The United States Underground Hydrogen Storage market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

In terms of type, Porous Media Storage segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Refineries has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.


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 2022, the global top five players hold 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 study of the global market for Underground Hydrogen Storage.
Data-Driven Insights: Highlights from Our Report

(1) Global Underground Hydrogen Storage market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.

(2) Global Underground Hydrogen Storage market competitive situation, revenue and market share, from 2018 to 2022.

(3) China Underground Hydrogen Storage market competitive situation, revenue and market share, from 2018 to 2022.

(4) Global Underground Hydrogen Storage segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Underground Hydrogen Storage segment by type and by application and regional segment by type and by application.

(6) Underground Hydrogen Storage industry supply chain, upstream, midstream and downstream analysis.


Breaking Down Market Segments by Region: A Deep Dive Analysis

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa


Understanding Market Segments by Type: A Comparative Analysis

Porous Media Storage

Salt Caverns

Engineered Cavities


Market Segmentation by Application: Dividing Key Markets and Identifying Opportunities

Refineries

Chemical Plants

Power Generation

Others


Understanding Market Segments by Key Players: Insights and Opportunities

Air Liquide

Air Products and Chemicals, Inc.

Engie

Linde plc

Texas Brine Company, LLC

Uniper SE

WSP

1 Market Overview

1.1 Product Overview and Scope of Underground Hydrogen Storage

1.2 Global Underground Hydrogen Storage Market Size and Forecast

1.3 China Underground Hydrogen Storage Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Underground Hydrogen Storage Share in Global Market, 2018-2029

1.4.2 Underground Hydrogen Storage Market Size: China VS Global, 2018-2029

1.5 Underground Hydrogen Storage Market Dynamics

1.5.1 Underground Hydrogen Storage Market Drivers

1.5.2 Underground Hydrogen Storage Market Restraints

1.5.3 Underground Hydrogen Storage Industry Trends

1.5.4 Underground Hydrogen Storage Industry Policy

2 Global Competitive Situation by Company

2.1 Global Underground Hydrogen Storage Revenue by Company (2018-2023)

2.2 Global Underground Hydrogen Storage Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Underground Hydrogen Storage Concentration Ratio

2.4 Global Underground Hydrogen Storage Mergers & Acquisitions, Expansion Plans

2.5 Global Underground Hydrogen Storage Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Underground Hydrogen Storage Revenue by Company (2018-2023)

3.2 China Underground Hydrogen Storage Underground Hydrogen Storage Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Underground Hydrogen Storage, Revenue Percentage of Local Players VS Foreign Manufacturers (2018-2023)

4 Industry Chain Analysis

4.1 Underground Hydrogen Storage Industry Chain

4.2 Underground Hydrogen Storage Upstream Analysis

4.3 Underground Hydrogen Storage Midstream Analysis

4.4 Underground Hydrogen Storage Downstream Analysis

5 Sights by Type

5.1 Underground Hydrogen Storage Classification

5.1.1 Porous Media Storage

5.1.2 Salt Caverns

5.1.3 Engineered Cavities

5.2 By Type, Global Underground Hydrogen Storage Market Size & CAGR, 2018 VS 2022 VS 2029

5.3 By Type, Global Underground Hydrogen Storage Revenue, 2018-2029

6 Sights by Application

6.1 Underground Hydrogen Storage Segment by Application

6.1.1 Refineries

6.1.2 Chemical Plants

6.1.3 Power Generation

6.1.4 Others

6.2 By Application, Global Underground Hydrogen Storage Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Application, Global Underground Hydrogen Storage Revenue, 2018-2029

7 Sales Sights by Region

7.1 By Region, Global Underground Hydrogen Storage Market Size, 2018 VS 2022 VS 2029

7.2 By Region, Global Underground Hydrogen Storage Market Size, 2018-2029

7.3 North America

7.3.1 North America Underground Hydrogen Storage Market Size & Forecasts, 2018-2029

7.3.2 By Country, North America Underground Hydrogen Storage Market Size Market Share

7.4 Europe

7.4.1 Europe Underground Hydrogen Storage Market Size & Forecasts, 2018-2029

7.4.2 By Country, Europe Underground Hydrogen Storage Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Underground Hydrogen Storage Market Size & Forecasts, 2018-2029

7.5.2 By Country/Region, Asia Pacific Underground Hydrogen Storage Market Size Market Share

7.6 South America

7.6.1 South America Underground Hydrogen Storage Market Size & Forecasts, 2018-2029

7.6.2 By Country, South America Underground Hydrogen Storage Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Underground Hydrogen Storage Market Size & CAGR，2018 VS 2022 VS 2029

8.2 By Country, Global Underground Hydrogen Storage Market Size, 2018-2029

8.3 U.S.

8.3.1 U.S. Underground Hydrogen Storage Market Size, 2018-2029

8.3.2 By Company, U.S. Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.3.3 By Type, U.S. Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.3.4 By Application, U.S. Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.4 Europe

8.4.1 Europe Underground Hydrogen Storage Market Size, 2018-2029

8.4.2 By Company, Europe Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.4.3 By Type, Europe Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.4.4 By Application, Europe Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.5 China

8.5.1 China Underground Hydrogen Storage Market Size, 2018-2029

8.5.2 By Company, China Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.5.3 By Type, China Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.5.4 By Application, China Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.6 Japan

8.6.1 Japan Underground Hydrogen Storage Market Size, 2018-2029

8.6.2 By Company, Japan Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.6.3 By Type, Japan Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.6.4 By Application, Japan Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.7 South Korea

8.7.1 South Korea Underground Hydrogen Storage Market Size, 2018-2029

8.7.2 By Company, South Korea Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.7.3 By Type, South Korea Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.7.4 By Application, South Korea Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.8 Southeast Asia

8.8.1 Southeast Asia Underground Hydrogen Storage Market Size, 2018-2029

8.8.2 By Company, Southeast Asia Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.8.3 By Type, Southeast Asia Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.8.4 By Application, Southeast Asia Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.9 India

8.9.1 India Underground Hydrogen Storage Market Size, 2018-2029

8.9.2 By Company, India Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.9.3 By Type, India Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.9.4 By Application, India Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.10 Middle East & Asia

8.10.1 Middle East & Asia Underground Hydrogen Storage Market Size, 2018-2029

8.10.2 By Company, Middle East & Asia Underground Hydrogen Storage Revenue Market Share, 2018-2023

8.10.3 By Type, Middle East & Asia Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

8.10.4 By Application, Middle East & Asia Underground Hydrogen Storage Revenue Market Share, 2022 VS 2029

9 Global Manufacturers Profile

9.1 Air Liquide

9.1.1 Air Liquide Company Information, Head Office, Market Area and Industry Position

9.1.2 Air Liquide Company Profile and Main Business

9.1.3 Air Liquide Underground Hydrogen Storage Models, Specifications and Application

9.1.4 Air Liquide Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.1.5 Air Liquide Recent Developments

9.2 Air Products and Chemicals, Inc.

9.2.1 Air Products and Chemicals, Inc. Company Information, Head Office, Market Area and Industry Position

9.2.2 Air Products and Chemicals, Inc. Company Profile and Main Business

9.2.3 Air Products and Chemicals, Inc. Underground Hydrogen Storage Models, Specifications and Application

9.2.4 Air Products and Chemicals, Inc. Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.2.5 Air Products and Chemicals, Inc. Recent Developments

9.3 Engie

9.3.1 Engie Company Information, Head Office, Market Area and Industry Position

9.3.2 Engie Company Profile and Main Business

9.3.3 Engie Underground Hydrogen Storage Models, Specifications and Application

9.3.4 Engie Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.3.5 Engie Recent Developments

9.4 Linde plc

9.4.1 Linde plc Company Information, Head Office, Market Area and Industry Position

9.4.2 Linde plc Company Profile and Main Business

9.4.3 Linde plc Underground Hydrogen Storage Models, Specifications and Application

9.4.4 Linde plc Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.4.5 Linde plc Recent Developments

9.5 Texas Brine Company, LLC

9.5.1 Texas Brine Company, LLC Company Information, Head Office, Market Area and Industry Position

9.5.2 Texas Brine Company, LLC Company Profile and Main Business

9.5.3 Texas Brine Company, LLC Underground Hydrogen Storage Models, Specifications and Application

9.5.4 Texas Brine Company, LLC Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.5.5 Texas Brine Company, LLC Recent Developments

9.6 Uniper SE

9.6.1 Uniper SE Company Information, Head Office, Market Area and Industry Position

9.6.2 Uniper SE Company Profile and Main Business

9.6.3 Uniper SE Underground Hydrogen Storage Models, Specifications and Application

9.6.4 Uniper SE Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.6.5 Uniper SE Recent Developments

9.7 WSP

9.7.1 WSP Company Information, Head Office, Market Area and Industry Position

9.7.2 WSP Company Profile and Main Business

9.7.3 WSP Underground Hydrogen Storage Models, Specifications and Application

9.7.4 WSP Underground Hydrogen Storage Revenue and Gross Margin, 2018-2023

9.7.5 WSP Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Underground Hydrogen Storage Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What is the major concern of the players in the Underground Hydrogen Storage Market?
As manufacturers prepare to scale up, Underground Hydrogen Storage companies must be clear and transparent about the impact of such volatility on the balance sheet.
How big is the Underground Hydrogen Storage Market by 2030?
It is expected that the Underground Hydrogen Storage Market will reach USD XX million by 2030.
Is further segmentation possible given the scope of the Underground Hydrogen Storage Market study?
Yes, the add-on segmentation is available in the premium customised version of the Underground Hydrogen Storage Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
Who should consider the Underground Hydrogen Storage Market study?
The Underground Hydrogen Storage Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.