Energy can be stored in the form of hydrogen power that can be further used in different applications. Electrolysis is generally used to produce hydrogen from different energy sources and the hydrogen is stored in various containers. These containers are either stored under cryogenic temperature or under high pressure. This study provides information on use of hydrogen energy storage market in various end users. The study is segmented on the basis of product type, application, end user, and region. The study mostly deals with the applications of hydrogen energy storage market in power generation and transport. In addition, the report also includes key drivers, restraints, and opportunities in the market.

Battery swapping is a process in which a drained electric vehicle battery is exchanged for a fully charged battery at a battery swapping station. These stations act as battery aggregators that provide the infrastructure where a number of batteries are kept in charging and charged batteries are made available to electric vehicle drivers. Customers or drivers can simply exchange the discharged batteries with batteries that are fully charged at these stations and they do not have to wait a long time and can exchange batteries as often as they desire. Customers can subscribe to monthly or annual battery swapping plans or can adopt pay-per-use model as per their needs. Market players also provide innovative solutions that utilize artificial intelligence, Internet of Things (IoT), GPS tracking, and facial recognition to improve battery swapping services and customer experience.

In the 5G network deployment race, countries are pushing goals toward advanced 5G plans and building a more comprehensive core network of base stations, switches, and routers. Countries such as China, the U.S., South Korea, and Japan have made significant strides toward being 5G ready and are investing heavily in 5G development. China is one of the leading countries, which is excelling in various aspects of 5G deployment. This is mainly due to strategic planning by the government and their coordination with 5G-based industry players. Telecommunication vendors are manufacturing 5G infrastructure components and getting full support from governments of different countries. The positive impacts of the 5G roll-out on a nation’s economic position incentivize various national governments to accelerate its deployment. For instance, the Chinese government has invested a bulk amount of $400 billion for 5G deployment in close coordination with 5G equipment manufacturers and technology providers. With the fast pace of 5G deployment, the demand for thermal interface materials is expected to significantly shoot up in the global market, providing ample growth opportunities to thermal interface material manufacturing companies.

Synthesis gas, referred to as syngas, is a fuel gas composed mostly of carbon monoxide, hydrogen, and a certain amount of carbon dioxide. Syngas is the result of gasification and the major application of syngas is electricity generation. It serves as an ideal choice for processing of liquid and gaseous fuel. Power generation companies are turning to a number of alternatives, including syngas. Furthermore, rise in environmental issues and implementation of government policies to encourage use of renewable fuels boost the market growth.

1-4 月，全国规模以上电厂发电量25276 亿千瓦时，同比增长16.8%，增速比上年同期提高21.8 个百分点。其中：全国规模以上电厂火电发电量18901 亿千瓦时，同比增长18.9%，增速比上年同期提高24.8 个百分点；水电发电量2727 亿千瓦时，同比增长1.1%，增速比上年同期提高10.5个百分点。1-4 月，全国发电设备累计平均利用小时1214 小时，比上年同期增加107 小时；全国基建新增发电生产能力2972 万千瓦，比上年同期增加963 万千瓦。

2021年全年展望：基本面向好，煤价中枢上移。动力煤：供紧需旺，价格高位已成定局。炼焦煤：供给趋于收紧，有望助力价格走强。焦炭：焦价预期仍将偏强震荡运行。碳中和深化行业供改，龙头煤企最受益。四维度布局：稳健业绩+高分红，类债券属性凸显；新产业布局，激发中长期增长潜力；国改深化，专业化整合提升主业实力；经济复苏带动高弹性股业绩增长。

4月全社会用电量同比增长 13.2%，增速较 3 月环比下降6.2 个百分点。4 月发电量同比增长11.0%，其中火电延续高增长，4月单月增速12.5%，水电增速由负转正至3.3%（3 月为-11.5%）。（1）水电：业绩增长+高比例分红+有装机增长，继续推荐大水电。a）2021年业绩增长可期：根据目前的来水及电力供需情况，预计水电有望维持去年的增长态势；b）高比例分红：20 年华能水电提高分红比例至60%，21 年长江电力将进入新的分红阶段，按照不低于70%分红；c）新机组即将投产：2021 年7 月，多个在建水电站将进入投产期，包括三峡集团的乌东德白鹤滩，雅砻江中游的两河口杨房沟。推荐未来有装机增长的大水电长江电力、华能水电、国投电力、川投能源。（2）火电：Q2 电量有望持续高增，但受制于煤价上涨，业绩或承压。预计Q2 火电发电量将延续高增长态势，但由于动力煤价上涨较多，预计Q2 业绩将承压。

4月全社会用电量同比增长13.2%，累计同比增长16.8%。需求维持景气，一方面在于2020 年的低基数，另一方面在于稳健的经济基本盘，4月中国制造业采购经理指数、非制造业商务活动指数和综合PMI 产出指数分别为51.1%、54.9%和53.8%，仍保持在扩张区间。分产业来看，第一、二、三产业分别同比增长16.4%、12.3%和31.3%，二、三产业用电增速在渐增的基数下略有放缓；城乡居民生活用电量同比下降0.9%。

国家能源局正式下发《关于2021 年风电、光伏发电开发建设有关事项的通知》，明确户用光伏补贴规模5 亿元，保障性并网规模不低于90GW。】招标方面，2021 年初至今不完全统计风机招标量出炉，总和超22GW，其中国家能源、国家电投、大唐集团领先招标需求；中标方面，2021 年初至今不完全统计风机定标总量超22GW，其中明阳智能、运达股份、远景能源份额领先。上游硅料涨价，硅片环节中环股份率先涨价，隆基跟进；单晶硅片产量不及预期，多晶硅片涨势持续，压力传导至下游电池片、组件厂商，组件开工率低迷，玻璃价格持续下滑回到去年起涨前价格低点。

冷冬后需求不减，煤价淡季不淡：除了国际政治经济形势、国内供给受限和市场非理性炒作等因素外，我们认为，煤价此次快速上行主要是受到电力供需两端状态变化的影响。二产维持高景气度、三产反弹势头强劲，前4 个月累计增速达到20.7%、29.0%，两年CAGR 为7.4%、8.4%。水电疲弱、核电受限，火电贡献了八成发电增量，利用小时达到2015年以来同期最高。机组出力的大幅提升必然带来对电煤的增量需求。在煤炭供给侧无法满足的情况下，市场化下电煤价格的暴涨在所难免。