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.
This is an update of a 2018 report on the global hydrogen economy. There have been some significant developments since the last report was published, such as the accelerated development of a network of hydrogen fueling stations in a number of developed markets.
The transition to a hydrogen economy will require large investments in capital equipment and durable goods at every stage of the hydrogen chain, from the production of hydrogen through its distribution and storage to its conversion to useful work or energy. These investments are economic challenges to the extent that they require the mobilization of sufficient financial resources, as well as business opportunities for providers of related goods and services.
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Related Topics: Renewable Energy
Copyright Business Wire 2019
Source: Business Wire
(July 29, 2019 - 7:43 AM EDT)