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Solid State Hydrogen Storage Solution Market Size to Grow USD 423.9 Million by 2030 at a CAGR of 31.6% | Valuates Reports

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BANGALORE, India, June 21, 2024 /PRNewswire/ — Solid State Hydrogen Storage Solution Market is Segmented by Type (Physical Adsorption Hydrogen Storage, Chemical Hydride Hydrogen Storage), by Application (Power Battery, Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Solid State Hydrogen Storage Solution market was valued at USD 65 million in 2023 and is anticipated to reach USD 423.9 million by 2030, witnessing a CAGR of 31.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Solid State Hydrogen Storage Solution Market:

The market for solid-state hydrogen storage solutions is rising quickly because there is an increasing need for safe and effective hydrogen storage solutions for a range of uses, such as industrial operations, transportation, and renewable energy. The use of solid-state storage systems has several benefits over more conventional techniques, including reduced pressure for storing hydrogen, increased energy density, and enhanced safety. These advantages are essential for hydrogen’s acceptance as a clean energy source, particularly for fuel cell automobiles and renewable energy projects. Investments in solid-state hydrogen storage technologies are rising as the need for sustainable energy solutions grows on a worldwide scale. This is propelling industry expansion and encouraging innovation in materials and storage methods.

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TRENDS INFLUENCING THE GROWTH OF THE SOLID STATE HYDROGEN STORAGE SOLUTION MARKET

The market for solid-state hydrogen storage solutions is expanding due to the availability of chemical hydride hydrogen storage, which is a convenient, secure, and effective way to store hydrogen under ambient circumstances. This is especially true for applications involving transportation. With the use of chemical substances like metal hydrides, this technique offers a high-density hydrogen storage choice by releasing hydrogen gas when it reacts with water or breaks down thermally. These qualities fit the needs of the transportation industry very well, since fuel cell vehicles need portable and dependable hydrogen storage options. Therefore, the growing use of hydrogen in transportation as a clean energy source is encouraging the advancement and commercialization of solid-state hydrogen storage technologies, increasing their marketability and scalability.

The market for solid-state hydrogen storage solutions is expanding due to physical adsorption hydrogen storage, which makes use of cutting-edge materials including carbon-based nanomaterials and metal-organic frameworks (MOFs). These materials offer a high storage capacity in a compact shape because they can absorb significant amounts of hydrogen at low temperatures and moderate pressures. Applications like fuel cell vehicles that need for efficient and lightweight hydrogen storage will find this technology very appealing. Innovation and the use of physical adsorption techniques are propelling advances and investments in the solid-state hydrogen storage market as the need for clean and sustainable energy solutions grows.

The solid-state hydrogen storage solution market is expanding as a result of increased demand for power batteries, especially for electric and hybrid cars. The limits of conventional batteries in terms of energy density and charge durations underscore the need for supplementary energy storage solutions as the car industry shifts to greener technology. Solid-state hydrogen storage is a desirable addition or substitute for conventional batteries since it provides faster refueling and higher energy densities. As industries work to incorporate adaptable and efficient energy storage systems to fulfill a variety of power demands, this synergy is stimulating research and development in solid-state hydrogen storage technology.

The market for solid-state hydrogen storage solutions is significantly influenced by environmental sustainability. There is a deliberate attempt to switch from fossil fuels to greener energy sources as public awareness of climate change and the negative effects of greenhouse gas emissions grows. For many energy applications, hydrogen presents an emission-free option, especially when derived from renewable resources. Transportation, industry, and domestic energy sectors can all benefit from the broad adoption of solid-state hydrogen storage systems like metal hydrides and chemical hydrides, which offer a safe and effective way to store hydrogen. These solutions support the objectives of global sustainability by lowering the carbon footprint. To encourage the use of hydrogen, governments and international organizations are enacting strict rules and providing incentives, which is further propelling the market’s growth.

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SOLID STATE HYDROGEN STORAGE SOLUTION MARKET SHARE ANALYSIS

NPROXX, H2GO Power, Shanghai Hyfun Energy Technology, GKN Hydrogen, Whole Win (Beijing) New Energy Technology, and other prominent global players in the Solid State Hydrogen Storage Solution market. Nearly 40% of all manufacturers worldwide are in the top five.

With a market share of about 40%, Asia-Pacific is the largest market for solid state hydrogen storage solutions, followed by North America and Europe.

Key Players:

Shanghai Hyfun Energy TechnologyGKN HydrogenGrz TechnologiesLAVOMcPhyH2GO PowerWhole Win (Beijing) New Energy TechnologyGeneral Research Institute for Nonferrous MetalsHystorsysPlasma KineticsAE&MNPROXX

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Solid Hydrogen Storage Material Market

–  Hydrogen Gas Market

–  The global Hydrogen Fuel Cells market size is estimated to be worth USD 4526 million in 2022 and is forecast to a readjusted size of USD 25510 million by 2028 with a CAGR of 33.4% during the review period.

–  The global green hydrogen market was valued at USD 2.5 Billion in 2022, and is projected to reach USD 143.8 Billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

–  The global Blue Hydrogen market was valued at USD 2124 million in 2023 and is anticipated to reach USD 4645 million by 2030, witnessing a CAGR of 12.0% during the forecast period 2024-2030.

–  Hydrogen Generation Systems Market

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–  Hydrogen Peroxide Industry Research Report

–  Hydrogen Storage Cascades Market

–  The global Hydrogen Generation Rectifier market was valued at USD 258 million in 2023 and is anticipated to reach USD 549 million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.

–  Catalyst For Hydrogen Production Market

–  The global market for Hydrogen Analyzers was estimated to be worth USD 143 million in 2023 and is forecast to a readjusted size of USD 180.2 million by 2030 with a CAGR of 3.7% during the forecast period 2024-2030

–  Hydrogen Fuel Cell Catalyst Market

–  The global Hydrogen Water Machine market was valued at USD 775 million in 2023 and is anticipated to reach USD 1117.4 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

–  Hydrogen Priority Panel Market

–  Hydrogen Fuel Cell Gas Diffusion Layer was estimated at USD 611.16 million in the year 2022, is projected to reach a revised size of USD 4,059.74 million by 2029, growing at a CAGR of 30.14% during the forecast period 2023-2029.

–  Renewables-to-Hydrogen Technology Service Market

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–  The global Hydrogen Gas market size is expected to reach USD 223770 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029.

–  Hydrogen Recovery System Market

–  Blue Hydrogen Market

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–  The global Vehicle Hydrogen Storage Bottle Valve market was valued at USD 127 million in 2023 and is anticipated to reach USD 1103 million by 2030, witnessing a CAGR of 37.2% during the forecast period 2024-2030.

–  Hydrogen Storage Equipment Market

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–  The global Nitrogen Hydrogen Tracer Gas Leak Detectors (Nitrogen-Hydrogen Air Leak Testers) market was valued at USD 100 million in 2023 and is anticipated to reach USD 125.6 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.

–  Hydrogen Fuel Cell Vehicle-Mounted Hydrogen Supply System Market

–  Hydrogen Inhalers Market

–  Renewable Hydrogen Market

–  The global market for Cryogenics Liquid Hydrogen Storage was estimated to be worth USD 61 million in 2023 and is forecast to a readjusted size of USD 128.4 million by 2030 with a CAGR of 10.6% during the forecast period 2024-2030.

–  Type III Hydrogen Storage Tank and Type IV Hydrogen Storage Tank Market

–  The global Hydrogen-Powered Aircraft market was valued at USD 172 million in 2023 and is anticipated to reach USD 1114.6 million by 2030, witnessing a CAGR of 28.9% during the forecast period 2024-2030.

–  Natural Hydrogen Market

–  White Hydrogen Market

–  Coal To Hydrogen Market

–  Hydrogen Liquefaction Market

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Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

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Infidigit Welcomes Pinaki Gupta as an Advisor to Foster Leadership and Drive Strategic Growth

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MUMBAI, India, Dec. 26, 2024 /PRNewswire/ — Infidigit, an AI-enabled digital growth partner known for delivering exceptional results in SEO, CRO, and digital growth, welcomes Pinaki Gupta as Director – Strategy and Oversight. Pinaki’s vast experience in driving business transformation and fostering innovation will be instrumental in shaping Infidigit’s strategic direction and positioning the organisation for long-term success.

With a career spanning global enterprises such as Tata Interactive Systems and MPS Interactive and as the founder of Pisarto, a prominent home decor marketplace, Pinaki has consistently driven innovation and growth. His expertise will play a pivotal role in further scaling Infidigit’s vision and helping it explore untapped opportunities in the dynamic digital marketing ecosystem.

Sharing his thoughts, Pinaki Gupta, said, “Infidigit’s rise as a leader in digital marketing has been remarkable. Kaushal and his team have built an organisation with a strong culture of innovation and performance that truly sets them apart. I am excited to join Infidigit as an Advisor to bring a new perspective and help evaluate business opportunities and accelerate their growth journey. Together, we will focus on building strategic frameworks that ensure Infidigit continues to thrive in an evolving digital-first world.”

Kaushal Thakkar, Founder and Managing Director of Infidigit, said, “Pinaki and I share a long and fruitful professional history, during which I’ve consistently been impressed by his incisive strategic mind. His knack for challenging the status quo and driving transformative change makes him an ideal fit for Infidigit’s ambitious growth trajectory. We’re excited to leverage his mentorship as we reach new heights, fortify our leadership team, and continue delivering exceptional results for our clients.”

Infidigit, under Kaushal Thakkar’s leadership, has consistently set benchmarks in SEO, CRO, and digital growth strategies. With over 100 award-winning campaigns, Infidigit has delivered measurable results across industries. Pinaki’s addition to the leadership team further strengthens its mission of combining innovation, leadership, and performance to help businesses grow sustainably.

About Infidigit:

Infidigit, an AI-enabled digital growth partner, empowers top brands to achieve impactful results through SEO, ASO, CRO, and data-driven digital strategies. At the forefront of AI innovation in marketing, Infidigit is developing a SaaS product to further simplify SEO. With a proven track record of measurable success, Infidigit partners with startups, MSMEs, and enterprises across diverse industries, enabling them to thrive in the digital-first economy. Their commitment to excellence is underscored by over 100 award-winning campaigns recognized by prestigious platforms such as the SMX, APAC Search Awards, ET BrandEquity Shark Awards, Sparkies and Exchange4Media IDMA. Infidigit continues to set new standards in digital marketing, driving sustainable growth and unparalleled success for its clients.

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AU NOMO Credit Card: A Smart Way to Leverage Fixed Deposits

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AHMEDABAD, India, Dec. 26, 2024 /PRNewswire/ — AU Small Finance Bank (AU SFB) has unveiled its latest offering, the AU NOMO Credit Card, a groundbreaking financial product that allows individuals to access credit while still growing their savings. This innovative credit card leverages the power of Fixed Deposits (FDs) as collateral, providing cardholders with enhanced purchasing power without compromising their long-term savings goals.

The AU NOMO Credit Card enables users to use their fixed deposits to secure a credit limit, offering a unique opportunity for first-time credit card applicants or individuals wanting to build their credit scores responsibly. This solution particularly benefits those with limited documentation or a lack of traditional credit history.

Key Features of the AU NOMO Credit Card

Contactless Payments: Enjoy secure and seamless tap-and-pay transactions for daily purchases.Card Liability Protection: Safeguards user against unauthorized transactions, card skimming, and online fraud with comprehensive liability coverage.Reward Points Program: User can earn reward points on retail, utility, and insurance transactions to maximize the value of their spending.Milestone Rewards: Unlock additional rewards for meeting specific quarterly spending goals.Lounge Access Benefits: Get complimentary access to domestic airport and railway lounges, subject to meeting spending criteria.Fuel Surcharge Waiver: Save on fuel transactions within a specified range with a surcharge waiver.

Eligibility Criteria

Here’s what one must know for eligibility criteria for AU NOMO credit card: 

Age: 18 to 75 yearsCitizenship: Indian ResidentFixed Deposit: Creation and maintenance of a fixed deposit with AU Small Finance Bank

The AU NOMO Credit Card (Credit Card against FD) offers an easy and seamless application process with a digital interface, making it accessible to anyone looking to leverage their savings for immediate spending power. The card promises to meet the needs of those starting their credit journey and those seeking additional flexibility in their financial dealings.

The AU NOMO Credit Card redefines the traditional approach to credit by allowing users to continue earning interest on their Fixed Deposits while enjoying the purchasing power that comes with a credit card. Whether for essential daily expenses or significant purchases, the AU NOMO Credit Card perfectly balances saving and spending, empowering individuals to achieve their financial goals without compromise.

For more information on the AU NOMO Credit Card, visit https://www.aubank.in/personal-banking/credit-cards/nomo-credit-card

About AU Small Finance Bank

AU Small Finance Bank, one of India’s leading small finance banks, is committed to transforming banking by focusing on customer-centric services and a deep understanding of the Indian market. More details on AU Small Finance Bank and its financial products like credit cards can be found online.

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Treat Yourself to a New Christmas Experience by Self-Gifting viaim’s AI Recording Earbuds, Perfect for a More Pleasant and Efficient Workplace

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — As Christmas approaches, the concept of self-gifting has become more popular with top business executives to help them get into the holiday mood. Especially designed for the office, a gift of AI recording true wireless earbuds launched by viaim, an AI technology hardware company deeply rooted in the smart office sector, can improve work efficiency, thereby lifting the spirits and improving quality of life for busy workplace elites ahead of the busy and stressful holiday period.

The person who understands themselves best is themselves. It is in this spirit that viaim is encouraging people to give themselves some extra love and care during this holiday season because they deserve it. The Christmas self-gifting trend that has been gaining popularity in recent years sees people pay more and more attention to creating a higher quality life for themselves in their busy work lives. Especially towards the end of the year, consumers are choosing to treat themselves with practical and pleasant gifts for Christmas. Earbuds have become a solid choice for self-gifting because of their usefulness in multiple scenarios, allowing users to enjoy a quality listening experience during work meetings and holiday relaxation time.

The amazing features of the Viaim Nano+ and Viaim Air open-ear AI recording true wireless earbuds make them the perfect choice for self-gifting this Christmas

13 language transcription and real-time translation: During the Christmas holidays, many business professionals travel internationally with friends or spend the holidays with family in countries that don’t speak their native language. viaim headphones allow users to communicate with local people around the world, jumping the language barrier and making cross-border communication smoother and the journey more interactive, fun, and memorable.VIAIM AI Smart Assistant: Generate Summaries and To-Do Lists with one click to help quickly complete an annual report or New Year’s business plan, allowing the festive atmosphere to be enjoyed without missing any key points.Flash Record function: Whether it is to conceive new ideas for next year’s project or suddenly think of a perfect Christmas gift list, inspiration during the holidays is often fleeting. Long press the viaim earbuds for one-click flash recording to capture ideas as soon as the spark of inspiration comes to mind.Noise reduction and a comfortable wearing experience: High-quality 45db noise reduction can provide users with a moment of quietness at Christmas parties, and the comfortable and lightweight design is suitable for long-term wear, meaning a quiet and enjoyable listening atmosphere can be enjoyed during the holidays.

Cecile from VIAIM shared: “Christmas is the time of year to relax and be grateful. It is of course a time to give gifts and be generous to others, but we also must remember to be kind to the person that knows us best – ourselves. Through our brand vision of “work smarter, not harder,” we hope to help people find their own special holiday moments in their busy work life by using our super-efficient office earbuds, so that everyone can enjoy a more productive and enjoyable life experience. I would like to personally wish all our customers, both new and old, a peaceful, relaxing, and happy Christmas.”

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

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