The Global Hydrogen Storage Market is set to experience substantial growth according to a research report by Spherical Insights & Consulting, with projections indicating a rise from USD 1.93 billion in 2024 to USD 16.98 billion by 2035, at a CAGR of 21.86% during the period 2025-2035. Factors such as increasing demand for clean energy alternatives, technological innovations in storage materials, and the rise of hydrogen infrastructure projects across various sectors are fueling this growth. The market is segmented into material-based and physical storage, with physical storage dominating the market in 2024. Applications such as hydrogen filling stations, fuel cell automobiles, and industrial operations are driving the demand for advanced storage methods. The cylinder segment, which led the market in 2024, is expected to grow rapidly due to its applications in sectors requiring reliable hydrogen sources like metallurgy and electronics. Leading players in the market include Air Liquide, Croyolor, Worthington Industries, Inc., and other key companies. However, the market faces challenges such as high capital costs, low energy density, technical safety issues related to hydrogen's flammability, and the lack of standardization and regulations. These challenges hinder the economic competitiveness of hydrogen compared to other energy sources. Addressing these challenges will be crucial for the widespread adoption of hydrogen storage systems in the future.