Solution
Industries
Resources
About
Beacon Search

Building the Global Hydrogen Economy: Technologies and Opportunities

Report Code: EGY055B

Publish Date: May 2010

Publisher: BCC Publishing

Category: Energy

Customize This Report

EXPLORE OFFERS

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

  • 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%.

INTRODUCTION

STUDY BACKGROUND
 
This report is an update of an earlier (2007) BCC report on the global hydrogen economy.   There have been significant developments since the last report was published, most notably the reduced 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.  
 
Otherwise, 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 the conversion of the hydrogen to useful work or energy.  These investments are both an economic challenge, to the extent that they require the mobilization of sufficient financial resources, and a business opportunity 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, 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.
 
INTENDED AUDIENCE
 
This report is intended especially for executives, entrepreneurs, investors, venture capitalists and other readers with a need to know where the market for hydrogen related technologies is headed in the next 5 years. The report’s findings and conclusions should also be of interest to the energy research and policy communities.
 

Report Scope

 
The report covers the worldwide 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 the following major elements: 
  • 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. 
METHODOLOGY AND INFORMATION SOURCES
 
The findings and conclusions of this report are based on information gathered from producers and users of hydrogen production, storage, distribution, conversion and using equipment, as well as engineering and consulting firms and government and academic research organizations. Interview data were combined with information gathered through an extensive review of secondary sources, such as trade publications, trade associations, company literature, and online databases to produce the market projections contained in this report. 
 
The base-year for analysis and projection is 2009.    With 2009 as a baseline, market projections were developed for 2010 through 2015. These projections are based on a combination of a consensus among the primary contacts combined with our understanding of the key market drivers and their impact from a historical and analytical perspective.
 
The methodologies and assumptions used to develop the market projections in this report are discussed at length under the various types of hydrogen-related plant and equipment addressed. The report carefully documents data sources and assumptions. This way, readers can see how the market estimates were developed and, if they so desire, test the impact on the final numbers of changing various assumptions.
 

Analyst Credentials

 
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel, LLC. He is the author of numerous other BCC business opportunity analyses of related areas, including the previous edition of this report. Other recent BCC reports by Mr. McWilliams include CHM041C The Global Industrial Gas Business, EGY053B Advanced Materials and Devices for Renewable Energy, CHM020C Catalysts for Environmental and Energy Applications, and ENV011A: The U.S. Market for Clean Technologies.
 
BCC ONLINE SERVICES
 
BCC offers an online information retrieval service. BCC’s home page, located at www.bccresearch.com, enables readers to:  
  • Examine BCC’s complete catalog of Market Research Reports and place direct orders
  • Subscribe to any of BCC’s many industry newsletters
  • Read announcements of recently published reports and newly launched newsletters
  • Register for BCC’s well-known conferences
  • Request additional information on any BCC product
  • Take advantage of special offers
DISCLAIMER
 
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW
Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
[+] Show Chapter Details
Title/Chapter NamePagesMember Price
Full Report: Building the Global Hydrogen Economy: Technologies and Opportunities166Free
Chapter- 1: INTRODUCTION4Free
Chapter- 2: EXECUTIVE SUMMARY2Free
Chapter- 3: OVERVIEW11Free
Chapter- 4: GOVERNMENT-SUPPORTED HYDROGEN INITIATIVES22Free
Chapter- 5: HYDROGEN PRODUCTION31Free
Chapter- 6: HYDROGEN STORAGE26Free
Chapter- 7: BULK HYDROGEN DISTRIBUTION18Free
Chapter- 8: ELECTROCHEMICAL ENERGY CONVERSION13Free
Chapter- 9: DIRECT COMBUSTION OF HYDROGEN7Free
Chapter- 10: OTHER HYDROGEN-RELATED TECHNOLOGIES6Free
Chapter- 11: C. CRAMER & CO. GMBH26Free
Published - Jun-2007| Analyst - Andrew McWilliams| Code - EGY055A

Report Highlights

  • 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.

Related Reports

Recent Reports

Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets

Published - Apr 2025 | Publisher - BCC Publishing | Code - EGY072F

The global market for building integrated photovoltaic (BIPV) technologies is estimated to increase from $17.1 billion in 2024 to reach $42.0 billion by 2029, at a compound annual growth rate (CAGR) of 19.7% from 2024 through 2029.

Grid-Scale Electricity Storage Technologies: Global Markets

Published - Mar 2025 | Publisher - BCC Publishing | Code - EGY142C

The global market for grid-scale electricity storage technologies is estimated to grow from $40.7 billion in 2024 to reach $151.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 30.0% from 2024 through 2029.

Carbon Capture, Utilization & Storage Technologies

Published - Feb 2025 | Publisher - BCC Publishing | Code - EGY037G

The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.

Energy Retrofits for Commercial and Public Buildings: Global Markets

Published - Jan 2025 | Publisher - BCC Publishing | Code - EGY074C

The global market for energy retrofits in commercial and public buildings is expected to grow from $134.7 billion in 2024 to $191.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.3% from 2024 through 2029.

Hydrogen Fuel Cell: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - EGY186B

The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.

Top Trending Reports

Carbon Capture, Utilization & Storage Technologies

Published - Feb 2025 | Publisher - BCC Publishing | Code - EGY037G

The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.

2024 Semiconductor Manufacturing Research Review

Published - Mar 2025 | Publisher - BCC Publishing | Code - SMC086G

This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.

Generative AI: Global Markets

Published - Jan 2025 | Publisher - BCC Publishing | Code - IFT308A

The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.

CRISPR Technology: Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC258C

The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.

Global Diabetic Care Devices Market

Published - Feb 2025 | Publisher - BCC Publishing | Code - MDS019B

The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Building the Global Hydrogen Economy: Technologies and Opportunities
Customize This Report
Customize Report
Stay Informed

Join our mailing list for the latest report releases and upcoming event notifications.

Headquartered in Boston, Mass., for over 50 years, BCC Research takes pride in being your trusted custom research and data analysts. Our mission is to provide businesses with reputable data and market research reports, so that they gain new perspectives into their field and better understand their target audience. We enable companies to access reliable information, accurate forecasts, and actionable insights, so that they may become leaders in their industry.
Contact
© 2025 BCC Research
Privacy Policy |Site Map|Terms & Conditions