Research Methodology on Hydrogen Energy Storage Market
Market Research Future(MRFR) adopts an extensive methodology to generate comprehensive insights into the Hydrogen Energy Storage Market. The data presented herein is based on thorough research and analysis performed based on inputs collected from key players in the Hydrogen Energy Storage Market. These players include carriers, providers, producers, associations, and government bodies. This extensive pool of secondary data is analyzed to draw out insights which are based on facts and figures.
Primary Research
A corporate survey of over 40+ hydrogen energy storage leaders across the globe allows market participants to collect information about market trends, revenue generation, competitive landscape, and growth strategies. This analysis provides a unique competitive landscape view of the Hydrogen Energy Storage Market from the perspectives of prominent market participants.
The first step of this process involves the identification of key players in the hydrogen energy storage market. The list of identified players is as follows:
- Hydrogenics
- NRG Energy
- Plug Power
- Hydrogenics
- Ballard Power Systems
- McPhy Energy
- Convergent Energy & Power
- Bosch
- Solar Turbines
- Toshiba Energy Systems
- Nel Hydrogen
- Green Hydrogen Systems
- ITM Power
- Electro Power Systems
MRFR contacted the primary respondents through emails or telephone calls, requesting information to obtain an in-depth insight into the market. Email interactions and/or telephone interviews are conducted with key industry experts and opinion leaders or executives from identified participants.
In addition to this, to verify the data obtained from primary respondents, credible secondary research sources such as Bloomberg, Hoovers, and Factiva are used. This helps to gain a deeper understanding of the regional and global markets.
Secondary Research
Secondary research involves the identification of data collected from credible sources. These include annual reports, company websites, white papers, industry databases, websites, and press releases. The data depicted focuses on both regional and global scales, providing an in-depth understanding of the current market outlook and future growth trends.
Data Triangulation
The data triangulation method is used to verify and validate the market size derived from both secondary and primary sources. The data triangulation method consists of the validation of the estimated market figures and their breakdown into the various segmentations using a third approach by using secondary and primary sources. This includes bottom-up, and top-down approaches to identify the market size and the share of each segment in the market.
Market Breakdown and Data Analysis
The secondary data for the Hydrogen Energy Storage Market is collected from various sources, including publications such as Data monitor and Bloomberg, industry white papers, and other credible sources. The data collected is then segmented based on various criteria such as technology, storage, and end-user industry.
Market Estimation
The estimated figures are validated by industry experts and stakeholders through primary research. This helps to generate a consensus view of the market size, which helps to narrow down the estimated market size. The estimated figures are projected and studied further to arrive at a finalized market size.