Hydrogen is available in the form of pure water or gas which is a cleaner and zero-emission source of energy. Hydrogen is accepted as best alternative for vehicle fuel and also promoted by the government so as to reduce harmful effects of emission of vehicles. Hydrogen storage is an essential technology for the advancement of hydrogen usage as an alternate of other energy sources. Increasing demand for power consumption on account of rapid urbanization and industrialization is anticipated to drive hydrogen storage in forth coming years. Favorable government initiatives such as new funding opportunity (FOA) to increase the adoption of hydrogen storage technologies across the globe is one more plus point for this market.
Increasing funds and promotion activities carried by regulatory body
Growing demand for hydrogen powered vehicles and Favorable government regulations for producing fuel alternatives
Growing adaptability of low emission fuels, Increasing need of high energy and power supply due to rising population and Available financial incentives on purchase of eco-friendly vehicle
The Manufacturers Covered in the Study are:
Air Liquide (France), Linde AG (Germany), Praxair Inc (United States), Worthington Industries Inc (United States), Luxfer Holdings Plc (United Kingdom), Panasonic (Japan), Toshiba (Japan), General Motors (United States), H2ME (Sweden), Hexagon Composites ASA (Norway) and INOXCVA (India)
List of players that can be included in the study on immediate basis are McPhy Energy S.A. (France), HBank Technologies Inc (China) and VRV S.P.A. (United States).