The Hydrogen Storage Market is projected to expand by USD 4.35 billion at a compound annual growth rate (CAGR) of 5.62% from 2023 to 2028, according to Technavio. Key factors driving this growth include the rising use of hydrogen storage tanks in transportation, reflecting the global shift towards cleaner energy. The market is also benefiting from increased fertilizer demand and expanded refining capacities. Together, these elements emphasize the importance of hydrogen storage in advancing sustainability. Additional market drivers include rising demand for renewable energy and technological advancements in fuel cells. Key trends involve increased hydrogen adoption in transportation, energy storage, and industrial applications, along with innovations in large-scale hydrogen storage systems.

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