Global Hydrogen Economy: Merchant Hydrogen and Hydrogen Purification Technologies

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 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.

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 Includes

• 39 tables
• An overview of the global hydrogen economy with regard to technology and opportunities
• Analyses of global market trends, with data from 2016, 2017, and projections of compound annual growth rates (CAGRs) through 2022
• Comprehensive descriptions of key enabling 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 technologies, such as hydrogen sensors
• A look at challenges that must be overcome to reach its commercialization potential
• Evaluations of government programs and policies in support of the hydrogen economy
• Coverage of the market's dynamics, specifically growth drivers, inhibitors, and opportunities
• Relevant patent analysis
• Comprehensive company profiles of major players in the market, including Alchemix Corp., Bayerische Motoren Werke Ag, Diversified Energy Corp., Hce Llc, Luxfer Group Ltd., Materials and Systems Research Inc. and Ztek Corp.

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 Includes

• An overview of the global Hydrogen economy with regard to technology and opportunities.
• Analyses of global market trends, with data from 2014, 2015, and projections of CAGRs through 2020.
• Comprehensive descriptions of key enabling 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.
• A look at challenges that must be overcome to reach commercialization potential.
• Evaluations of government programs and policies in support of the hydrogen economy.
• Coverage of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
• Relevant patent analysis.
• Profiles of major players in the industry.

• 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%.

• 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.