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/PRNewswire/ The "Hydrogen Storage Alloys Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type; Application" report has been added to.
Global Hydrogen Storage Alloys Market Forecast to 2027 - COVID-19 Impact and Analysis
June 02, 2021 04:53 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The global Hydrogen Storage Alloys market was valued at US$ 2,406.88 million in 2019 and is projected to reach US$ 4,535.53 million by 2027; it is expected to grow at a CAGR of 8.24% from 2019 to 2027.
Hydrogen storage alloys are classified into intermetallic compounds of several types such as AB5, AB2, AB, and A2B. Where group A elements basically consist of La, Ti, Zr, Mg, etc. and B consist of Ni, Co, Fe, Mn, etc. whose hydrides are thermodynamically stable and unstable, respectively. Among these AB5 and AB2 are the most promising and widely used hydrogen storage alloys. These alloys are metallic materials that have a unique ability to reversibly absorb and release significant amounts of hydrogen from the gas phase