LONDON, March 14, 2016 /PRNewswire/ -- This BCC Research report describes the key enabling technologies for the hydrogen economy, the challenges that must be overcome before they can be commercialized, the projected cost to implement them over the near to mid-term (i.e., through 2015) and the resulting market opportunities.
Use this report to:
Identify developments that will influence commercial prospects and demand for hydrogen technologies.
Focus on the business opportunities associated with the development and commercialization of various hydrogen technologies.
Learn about the pressurized hydrogen cylinders used to store and ship hydrogen to users whose requirements are not large enough to justify bulk shipments.
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.
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:
79.2% in 2014, increasing to 84% in 2020.
Hydrogen production technologies are expected to lose market share from 9% in 2014 to 8.4% in 2020.
This is an update of 2010 BCC Research report on the global hydrogen economy. Therehave been significant developments since the last report was published, most notably
with respect to the likelihood of large-scale commercialization of fuel cell vehicles during the study period, which has significant applications for the size and structure of
the market for hydrogen technologies.
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 of 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.
GOALS AND OBJECTIVES
The overall goal of this report is to comprehensively describe the key enabling technologies for the hydrogen economy, the challenges that must be overcome before
they can be commercialized, the projected cost to implement them over the near to mid-term (i.e., through 2015) and the resulting market opportunities.
SCOPE OF REPORT
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:
Key enabling technologies for the hydrogen economy, as well as their commercial or
Developments that will influence commercial prospects and demand for hydrogen
Hydrogen technology market projections through 2015.
Government programs and policies in support of the hydrogen economy.
Technology vendor profiles.
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