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 according to
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EGY Energy XXI (Bermuda) Ltd 055A), 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 CAGR
See: Compound Annual Growth Rate ) 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 is the main technological problem of a viable hydrogen economy. Some attention has been given to the role of hydrogen to provide grid energy storage for unpredictable energy sources, like and distribution technologies are also expected to lose market share (i.e., from 5.5% in 2006 to 3.9% in 2012). Hydrogen production Hydrogen production is commonly completed from hydrocarbon fossil fuels via a chemical path. Hydrogen may also be extracted from water via biological production in an algae bioreactor, or using electricity (by electrolysis) or heat (by thermolysis); these methods are presently not 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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