Report Highlights
The global hydrogen technologies market should reach $38.5 billion by 2027 from $21.0 billion in 2022 at a compound annual growth rate (CAGR) of 12.9% for the forecast period of 2022 to 2027.
Report Includes
- 33 data tables and 43 additional tables
- An overview of the technologies and opportunities for the hydrogen economy market
- Analyses of global market trends, with data from 2021, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
- Brief description about hydrogen economy, its definitions and characteristics and 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 discussion on how to overcome from those to reach its commercialization potential
- A look at the government programs and policies in support of the hydrogen economy
- Information on recent mergers, acquisitions, collaborations, agreements, partnerships, product launches, and expansions in the market and a relevant patent analysis
- Detailed company profiles of major players in the market, including Air Liquide, Cummins Inc., Engie S.A., ITM Power PLC and Linde Group
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.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||
| Forecast period considered | 2022 to 2027 | ||||||||||||||||||
| Base year market size | $19.4 billion | ||||||||||||||||||
| Market size forecast | $38.5 billion | ||||||||||||||||||
| Growth rate | CAGR of 12.9% for the forecast period of 2022-2027 | ||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||
| Segments covered | electrochemical conversion, bulk distribution, storage, and other hydrogen technologies | ||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
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 Highlights
The global market for hydrogen plant and equipment investments will grow from $6.0 billion in 2017 to nearly $14.1 billion by 2022 with a compound annual growth rate (CAGR) of 18.6 % for the period of 2017-2022.
Report Highlights
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.
Report Highlights
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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.
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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%.
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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%.
Report Highlights
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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.
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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.
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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.
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