Market for Hydrogen Production and Automation Systems to Experience Significant Growth

New ARC Advisory Group research on the Hydrogen Production and Management Systems market reveals that hydrogen and primary energy have a long-shared history. Hydrogen powered the first internal combustion engines in the past and is now an integral part of the refining industry. It is lightweight, storable, has a high energy density, and produces no direct emissions of pollutants or greenhouse gases. However, for hydrogen to make a significant contribution to a clean energy transition, it must be used in sectors where it has been almost completely absent, such as transportation, stationary heating, and power generation. This report provides a comprehensive and independent overview of the control equipment market in the three most important hydrogen applications: where things stand today; how hydrogen can help achieve a clean, secure, and affordable energy future; as well as what the market development for control equipment looks like.

"The market evolution for automation technology in the hydrogen world differs from other industries. Investment decisions in industry are usually made on the basis of return on investment, this is different for hydrogen plants. In order to achieve the global climate goals, Governments in Europe, America, and Asia have created Hydrogen Funds. These funds refinance the hydrogen plants, and the plant engineering and control equipment suppliers benefit from this. More than 200 projects have already been announced for the period up to 2030. These projects will be financed by the funds previously described. The market for automation technology in hydrogen plants will therefore develop faster than average and decouple from normal market growth," according to Thomas Menze, Senior Consultant and key author of ARC's Hydrogen Production and Management Systems Emerging Market Analysis Report.

About the Hydrogen Production and Management Systems Emerging Market Analysis Report Research

The Hydrogen Production and Management Systems Emerging Market Analysis Report explores current and future market performance and related technology and business trends. The report includes a comprehensive list of suppliers active in the market along with a select number of supplier profiles. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes five-year market forecasts segmented by World Region, Automation, End Equipment Type, Hydrogen Production Type, Revenue Category, Storage Type, Transportation Type, and Customer.

This new research is available as a Concise Market Analysis Report (PDF) which provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.

For more information on this and other available ARC market research, please visit our Market Data & Studies section.

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