Building the Global Hydrogen Economy: Technologies and Opportunities
Global investments in building the hydrogen economy cost more than $3.4 billion in 2014, and they are expected to approach $4.8 billion in 2015 and $21.8 billion by 2020, with a compound annual growth rate (CAGR) of 35.5% from 2015 to 2020.
- An overview of the global Hydrogen economy with regard to technology and opportunities.
- Analyses of global market trends, with data from 2014, 2015, and projections of CAGRs through 2020.
- Comprehensive descriptions of key enabling technologies used in the production, storage, and distribution of hydrogen, its conversion to other forms of energy or direct consumption as a fuel, and miscellaneous other types of hydrogen-related technology such as hydrogen sensors.
- A look at challenges that must be overcome to reach commercialization potential.
- Evaluations of government programs and policies in support of the hydrogen economy.
- Coverage of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
- Relevant patent analysis.
- Profiles of major players in the industry.
The report covers the global market for technologies used in the production, storage and distribution of hydrogen; its conversion to other forms of energy or direct consumption as a fuel; and miscellaneous other types of hydrogen-related technology, such as hydrogen sensors.
The study format includes:
- Executive summary.
- Key enabling technologies for the hydrogen economy, as well as their commercial or developmental status.
- Developments that will influence commercial prospects and 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.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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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.
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%.
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%.
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.
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.
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.