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Hydrogen Business Highlighted by Pipeline Development and Plant Modernization

BCC Research report identifies key trends and projects value of the global hydrogen market.

June 22, 2011 - PRLog -- Global Information Inc. is pleased to announce a new market research report, “Hydrogen as a Chemical Constituent and as an Energy Source” published by BCC Research. (Report URL: http://www.the-infoshop.com/report/bc174951-hydrogen-chem-cons.html)

Plant modernization and pipeline development are among the key trends to watch-out for in the global market for hydrogen in the chemical and energy sectors. Over the past several years, announcements have been made regarding multi-million dollar projects to launch new pipelines and build more hydrogen production facilities.

U.S. hydrogen production in 2010 was worth a total of $22 billion. Research analysts project this number to reach $25.5 billion in 5 years, growing at a compound annual growth rate (CAGR) of 3% through 2015. On a global level, the worldwide market value for hydrogen as an energy source and chemical constituent is forecast to increase from $120 billion in 2010 to reach $163 billion in 2015. The 5-year global compound annual growth rate (CAGR) is expected to hover at 6.3%.

Hydrogen is used in petroleum refining and also as a chemical intermediate, for example, in agricultural fertilizer manufacturing. Although hydrogen possesses some utility as a fuel source in transportation, numerous technical and economic barriers are preventing widespread installment of vehicles with hydrogen-powered engines and fuel cell-powered vehicles using stored hydrogen.

For researchers, laboratory and government personnel working in research or other professional settings, BCC Research’s report will be particularly useful. This study is a valuable resource for entities interested in hydrogen as a chemical intermediate or as an energy resource. The report covers a broad scope of topics and provides in-depth analyses. It is also recommended business reading for marketing managers, forecasters, strategic planners, and developers involved in the hydrogen industry.

Scope of the study:
•   Focus on key hydrogen technologies and applications
•   Structure of hydrogen industry, driving forces, competitive aspects, market segmentation, distribution channels, pricing and technology
•   Analysis of global market trends
•   Review of global environmental and energy regulations
•   Find data on size and growth of both captive and merchant hydrogen markets
•   Company profiles
•   Patent and industry trends
•   5-year compound annual growth rate (CAGR) and hydrogen demand projections through 2015

For more information, please visit: http://www.the-infoshop.com/report/bc174951-hydrogen-chem... or e-mail Press@gii.co.jp

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Source:Yuko, Global Information Inc.
Location:Farmington - Connecticut - United States
Industry:Energy, Industrial, Business
Tags:Hydrogen Industry, Market Research, Study, Information, Forecast, Outlook
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