Hydrogen Economy Market Detailed Analytical Overview by 2024

02/mag/2020 16:24:45 Ethan Smith Contatta l'autore

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The global hydrogen plant and equipment investments market should reach $26.8 billion by 2024 from $16.1 billion in 2019 at a compound annual growth rate (CAGR) of 10.7% for the period of 2019 to 2024.

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.

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Report Includes:

- 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.

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.

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