The factors such as rising demand of environmentally friendly technologies for the automotive industry, custom designed to fulfil customer applications, increasing demand for electronic products and technological advancements and growth in the electronic industry are likely to contribute to the healthy growth of the market.
New York, July, 2021: Axiom Market Research & Consulting™ added a report on global Hydrogen Storage Alloys market which includes study on type, application across various countries of key regions across the globe. The global Hydrogen Storage Alloys market was projected to grow at a CAGR of 7.89% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Hydrogen Storage Alloys market.
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The report analyses the global Hydrogen Storage Alloys industry based on type, application and geography. The major type of Hydrogen Storage Alloys are Titanium Hydrogen Storage, Zirconium Hydrogen Storage, Fe Hydrogen Storage, Rare Earth Hydrogen Storage, Mg Hydrogen Storage. Several applications of the industry are segmented into Hydrogen Recovery or Separation, Rechargeable Battery, Refrigeration and Heating Equipment. The global Hydrogen Storage Alloys market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The key competitors of this market include JMC (United States), Merck KGaA (Germany), Ajax Tocco Magnethermic Corporation (United States), Botou Santoku Battery Materials Co. Ltd (China), Santoku Corporation (China), American Elements (United States), AMG Titanium Alloys & Coatings LLC (United States), Jiangmen Kanhoo Industry Co. Ltd (China), Xiamen Tungsten Co. Ltd (China), CHOU DENKI KOGYO, Mitsui (Tokyo), H bank Technology (Taiwan), Magnethermic Corporation (United States) and Lab Tech (United States).
Hydrogen Storage Alloys Market Regional Trends
North America is expected to witness the fastest growth in upcoming years owing to hold significant share. The growing demand is due to increased investment in research and development of fuel cell technologies. Nevertheless, better scope of exploring the possibilities of this materials will lead the market growth in upcoming years. United States followed by Mexico and Canada is projected to be the fastest growing market due to increasing consumers of products in the region.
Hydrogen Storage Alloys Market Segmental Highlights
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Research Objectives of Hydrogen Storage Alloys Market Report:
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