Global Hydrogen Storage Alloys Market is accounted for $2,633.13 million in 2020 and is expected to reach $5,402.69 million by 2028 growing at a CAGR of 9.4% during the forecast period. Some of the key factors propelling the market growth include the surge in hydrogen generation and storage systems, increasing demand of environmentally friendly technologies for the automotive industry, and growing demand for hydrogen storage alloys for electrochemical applications.
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On the basis of geography, North America region is expected to have considerable market growth during the forecast period, due to rising demand of environmentally friendly technologies for the automotive industry increases exponentially, and this opens new possibilities for a novel player in the mobility sector.
Some of the key players in Hydrogen Storage Alloys Market include Liaoning Kingpowers Group, China Northern Rare Earth (Group) High-Tech, Guangdong Rising Nonferrous Metals Group, Chuo Denki Kogyo, Merck KGaA, Japan Metals & Chemicals, Whole Win (Beijing) Materials Science and Technology Company, Ajax Tocco Magnethermic Corporation, Baotou Santoku Battery Materials Co., Ltd., Xiamen Tungsten Co. Ltd, H Bank Technology, Santoku Corporation, AMG Titanium Alloys & Coatings LLC, Jiangmen Kanhoo Industry Co. Ltd, Mitsui, Lab Tech, and American Elements.
Types Covered in Hydrogen Storage Alloys Market
• AB2
• AB5
Alloy Types Covered:
• Zirconium Hydrogen Storage
• Rare Earth Hydrogen Storage
• Titanium Hydrogen Storage
• Magnesium (Mg) Hydrogen Storage
• Iron (Fe) Hydrogen Storage
Sales Channels Covered:
• Distributor
• Direct Sales
Applications Covered:
• Cooling Devices
• Rechargeable Batteries
• Fuel Cells
• Hydrogen Recovery Or Separation
• Refrigeration and Heating Equipment
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