Summary Global investments in building the hydrogen economy cost more than REDACTED in 2018, are expected to exceed REDACTED in 2019 and approach REDACTED by 2024. The compound annual growth rate (CAGR) of REDACTED from 2019 through 2024.
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Scope of Report The report covers the global market for technologies used in the supply, 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 market figures represent estimated investment costs based on data from manufacturers and a variety of other sources. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
Reasons for Doing This Study This is an update of a 2018 BCC Research report on the global hydrogen economy. There have been some significant developments since the last report was published, such as the accelerated development of a network of hydrogen fueling stations in a number of developed markets.
The transition to a hydrogen economy will require large investments in capital equipment and durable goods at every stage of the hydrogen chain, from production of hydrogen through its distribution and storage to its conversion to useful work or energy. These investments are economic challenges to the extent that they require the mobilization of sufficient financial resources, as well as business opportunities for providers of related goods and services.
Report Scope: The report covers the global market for technologies used in the supply, 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 market figures represent estimated investment costs based on data from manufacturers and a variety of other sources. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
- 39 data tables
- An overview of the technologies and opportunities for the hydrogen economy market
- Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates (CAGRs) through 2024
- Brief description about hydrogen economy, its definitions and characteristics
- Coverage of the market’s dynamics, specifically growth drivers, inhibitors and opportunities
- Information on technologies used for production, storage and distribution of hydrogen along with electrochemical energy conversion technologies
- Identification of challenges and how to overcome from those to reach its commercialization potential
- A look at the government programs and policies in support of the hydrogen economy
- Relevant patent analysis
- Detailed company profiles of major players in the market, including Advanced Materials Corp., HCE LLC, Luxfer, Mitsubishi Hitachi Power Systems, Powertech Labs Inc., Yangtze Energy Technologies Inc. and ZTEK Corp.
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Companies Mentioned: ACTA SPA Advanced Extraction Technologies Inc. ADVANCED MATERIALS CORP. AIR PRODUCTS AND CHEMICALS INC. ALCHEMIX CORP. ALUMIFUEL POWER CORP. Amec Foster Wheeler Corp. AMMINEX A/S Asia Pacific Fuel Cell Technologies Ltd. AVALENCE LLC BALLARD POWER SYSTEMS Batelle Memorial Institute BAYERISCHE MOTOREN WERKE AG Bloom Energy Corp. CERAMATEC CHEMICAL DESIGN INC. DIVERSIFIED ENERGY CORP. E. I. DU PONT DE NEMOURS AND COMPANY Element One EPRIDA TECHNOLOGIES ERGENICS ETUDES CHEMIQUES ET PHYSIQUES SARL FUEL CELL ENERGY INC. GAS TECHNOLOGY INSTITUTE GENERAL ATOMICS H2SCAN HALDOR TOPSOE A/S HCE LLC HTC PURENERGY HY9 CORP. HYDROGENICS CORP. Hyundai Motors INNOVATEK INC. INTELLIGENT ENERGY ITM POWER PLC Jetstream Energy Technologies Inc. LINDE AG LUXFER HOLDINGS PLC MAGNA STEYR AG & CO. KG Makel Engineering Inc. MEMBRANE TECHNOLOGY AND RESEARCH INC. MERITOR INC. Mitsubishi Hitachi Power Systems Ltd. MO-SCI CORP. NANOMIX INC. NATIONAL CENTER FOR HYDROGEN TECHNOLOGY NEL HYDROGEN AS NUVERA FUEL CELLS LLC PLASTIC OMNIUM GROUP PLUG POWER LLC POWERTECH LABS INC. PROTON ONSITE QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE INC. SECAT INC. SOTACARBO S.P.A. TECHNIPFMC TOSHIBA CORP. Toyota Motors UHDE GMBH US FUEL CELL WELDSHIP CORP. XEBEC INC. Yangtze Energy Technologies Inc. ZTEK CORP.
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