Hydrogen Market Worth $410.6 billion by 2030 Globally, at a CAGR of 7.8%, says MarketsandMarkets™

Chicago, April 26, 2024 (GLOBE NEWSWIRE)

Hydrogen Market size was USD 242.7 billion in 2023 and is projected to reach USD 410.6 billion by 2030 at a CAGR of 7.8% between 2023 to 2030, as per the recent study by MarketsandMarkets™. With the rapid adoption of renewable energy producing methods around the world, the need for storing renewable energy in the form of hydrogen has skyrocketed. As a result, several green hydrogen initiatives have been launched. The development of hydrogen infrastructure across various countries such as China, India, US, Germany etc. is fueling to the growth of Hydrogen Market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132975342 Browse in-depth TOC on " Hydrogen Market" 158 - Tables 51 - Figures 191 - Pages List of Key Players in Hydrogen Market: Linde plc (Ireland) Air products and Chemicals, Inc. (US) Air Liquide (France) Worthington Industries (US) Cryolor (France) Hexagon Purus (Norway) NPROXX (Netherlands) Drivers, Opportunities and Challenges in Hydrogen Market: Drivers: Increased greenhouse gas emissions regulations Restraint : Energy loss during hydrogen production Opportunities: Increasing focus on promoting hydrogen economy development Challenges: Hydrogen integration into existing natural gas networks Key Findings of the Study: By Application , the mobility is expected to be the fastest growing during the forecast period By Type , the grey hydrogen is expected to be the largest segment during the forecast period....

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