Investments in Hydrogen Economy to Reach $5.5 Billion by 2012

WELLESLEY, MA /BUSINESS WIRE/ -- According to the published BCC Research report "Building the Global Hydrogen Economy: Technologies and Opportunities" (EGY055A), 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 compound annual growth rate (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. This segment of the market is growing at a 26.2% CAGR and will reach over $4 billion by 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. This segment is projected to increase at a 37.5% CAGR to reach a value of $786.4 million by 2012. Other technologies' (mainly hydrogen sensors) share should remain steady at 5.9% of the market.

BCC Research is the source and publisher of "Building the Global Hydrogen Economy: Technologies and Opportunities" (EGY055A). For information on the report, contact BCC Research at 40 Washington St., Ste. 110, Wellesley, MA; 866-285-7215, [email protected], or via the Web. The electronic user price is $4850.

Suggested Articles

4D imaging radar helps cars see objects better than before, including bridge and tunnel clearances

Siemens has built rugged industrial PCs on the new Atom x6000E series to add graphics for machine vision on the shop floor

Sidewalk is designed to allow neighbors to share a wireless network for IoT devices