Global Investments in Plant and Equipment for the Hydrogen Economy to Reach $5.5 Billion by 2012 Says BCC Research Report.

WELLESLEY, Mass. -- 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.

Published: June 2007 Electronic User Price: $4850

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