Report Highlights
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Global investments in building the hydrogen economy cost nearly $2 billion in 2009, and are expected to rise to exceed $2.2 billion in 2010, approaching $5.4 billion by 2015. These figures represent a compound annual growth rate (CAGR) of 19.3% over the next 5 years.
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Technologies for converting hydrogen to energy, particularly fuel cells, but also hydrogen internal-combustion engines and turbines in the out-years, account for the bulk of the market: $1.1 billion (56.9%) in 2009, increasing to $3.7 billion (69%) in 2015, a compound annual growth rate (CAGR) of 23.2%.
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Hydrogen production technologies, while increasing in value, are expected to lose market share, i.e., from $608 million (30.7%) in 2009 to $1.1 billion (20.7%) in 2015, a compound annual growth rate (CAGR) of 11.5%.
INTRODUCTION
- Executive summary
- Key enabling technologies for the hydrogen economy, their commercial or developmental status
- Developments that will influence commercial prospects/demand for hydrogen technologies
- Hydrogen technology market projections through 2015
- Key patents
- Government programs and policies in support of the hydrogen economy
- Technology vendor profiles.
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Report Highlights
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Global investments in building the hydrogen economy cost over $1.3 billion in 2006 and are expected to rise to nearly $1.7 billion in 2007 and $5.5 billion in 2012. These figures represent a CAGR of 27.0% over the next 5 years.
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Technologies for converting hydrogen to energy, particularly fuel cells but also hydrogen internal combustion engines and turbines in the out-years, account for the bulk of the market: 78% in 2006 to 2007, declining somewhat to 76% in 2012.
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Hydrogen storage and distribution technologies are also expected to lose market share (i.e., from 5.5% in 2006 to 3.9% in 2012). Hydrogen production technologies should increase their market share from 10.6% in 2006 to 14.3% in 2012, while other technologies' (mainly hydrogen sensors) share should remain steady at 5.9% of the market.
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