- What is driving adoption of hydrogen power generation technologies?
- What market barriers are limiting growth of the hydrogen power generation technologies market?
- What are the key differences between hydrogen power generation technologies?
- How does the hydrogen power generation technologies market vary by region?
- What is the expected global revenue and capacity of hydrogen power generation technologies in 2030?
3Q 2021
Hydrogen Power Generation Technologies
Hydrogen Gas Turbine and Stationary Fuel Cell Capacity and Revenue: Global Market Analysis and Forecasts
The market for hydrogen power generation technologies is transitioning toward maturity and wider adoption, buoyed by improving economics, growing government support, and demand for clean and reliable power. Since around 2016, the hydrogen economy has gained significant momentum as countries, cities, organizations, and industries look to decarbonize. The emergence of commercially viable hydrogen vehicles and massive investments in electrolyzers for green hydrogen production have pushed hydrogen’s potential to new levels. Although hydrogen’s role in the power sector accounts for less than 1% of electricity production, hydrogen power generation technologies are increasingly being entertained as viable power solutions as the hydrogen economy grows.
This report focuses on the market potential for hydrogen power generation technologies including gas turbines and several types of stationary fuel cells. Stationary fuel cells are more commercially established than hydrogen gas turbines but have limited levels of deployment. The stationary fuel cell market defined by this report includes molten carbonate fuel cells (MCFCs), phosphoric acid fuel cells (PAFCs), solid oxide fuel cells (SOFCs), proton exchange membrane fuel cells (PEMFCs), and alkaline fuel cells (AFCs).
This Guidehouse Insights report analyzes the global market for hydrogen power generation technologies based on geographic region. The study provides an analysis of current market issues, opportunities, drivers, and key market players regarding electrolyzers. Global market forecasts for capacity and revenue extend from 2021 through 2030.
Pages
43
Tables | Charts | Figures
37
Key Questions Addressed
Who Needs This Report
- Electrolyzer manufacturers
- Biomass gasifier manufacturers
- Government agencies
- Hydrogen nonprofits and research organizations
- Renewable technology developers
- Utilities
- Investor community
Table Of Contents
1. Executive Summary
1.1 Emergence of Hydrogen Power Generation Technologies
1.2 Global Outlook
2. Market Issues
2.1 Introduction
2.2 Market Drivers
2.2.1 Hydrogen’s Decarbonization Potential
2.2.1.1 Green Hydrogen’s Cost Declines
2.2.2 Increased Demand for Distributed, Clean, and Reliable Backup Power
2.2.3 Government Support and a Price on Carbon
2.3 Market Barriers
2.3.1 Costs of Alternative Technologies and Fuels
2.3.2 Hydrogen Infrastructure Complications
2.3.3 Hydrogen Storage
3. Technology Issues
3.1 Technology Trends
3.1.1 Fuel Cells
3.1.2 Hydrogen Gas Turbines
4. Market Forecasts
4.1 Methodology and Assumptions
4.2 Global Forecasts
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Latin America
4.2.5 Middle East & Africa
5. Conclusions and Recommendations
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Hydrogen Power Generation Technology Capacity by Region, World Markets: 2021-2030
- Hydrogen Power Generation Technology Revenue by Region, World Markets: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, North America: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, North America: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Europe: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Europe: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Asia Pacific: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Asia Pacific: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Latin America: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Latin America: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Middle East & Africa: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Middle East & Africa: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, World Markets: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, World Markets: 2021-2030
- CO2 Emissions by Hydrogen Production Method
- Global Weighted Average Levelized Cost of Energy and Auction/Power Purchase Agreement Prices for Concentrated Solar Power, Onshore and Offshore Wind, and Solar PV: 2010-2023
- CAPEX Development of Selected Technologies over Total Cumulative Production, Indexed to 2020 Values
- Global Deployment of Large-Scale Stationary Fuel Cells by Technology: 2007-2017
- Global Deployment of Large-Scale Stationary Fuel Cells by Region: 2007‑2017
List of Tables
- Hydrogen Power Generation Technology Capacity by Region, World Markets: 2021-2030
- Hydrogen Power Generation Technology Revenue by Region, World Markets: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, World Markets: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, World Markets: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, North America: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, North America: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Europe: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Europe: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Asia Pacific: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Asia Pacific: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Latin America: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Latin America: 2021-2030
- Hydrogen Power Generation Technology Capacity by Technology, Middle East & Africa: 2021-2030
- Hydrogen Power Generation Technology Revenue by Technology, Middle East & Africa: 2021-2030
- Benefits and Challenges of Hydrogen Technologies for Power Generation
- Different Fuel Cell Types
- Overview of Major Fuel Cell Manufacturers
- Overview of Major Hydrogen Gas Turbine Manufacturers
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