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Hydrogen Generation Market - Remain Positive On Improving Demand Outlook: Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics
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Hydrogen Generation Market - Remain Positive On Improving Demand Outlook: Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics
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Hydrogen Generation Market Worth USD 220 37 Billion by 2028; Partnership Agreement of NEOM and ACWA Power with Air Products for Green Ammonia Production Plant to Bolster Business: Fortune Business Insights™
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FELTON, Calif., March 17, 2021 /PRNewswire/ As per the report, the global Hydrogen Generation Market is estimated at USD 164.78 billion by 2027. It is projected to develop by 4.32% CAGR for the duration of the forecast.
What are the Key Factors Driving the Hydrogen Generation Market?
Rising demand for the greener and cleaner resource of energy is expected to increase the development. Requirement for the cleaner fuel along with the government policies about the desulphurization of fuel is expected to power the expansion of the market. Hydrogen is an efficient transporter of energy and this quality is estimated to considerably add to its additional access into new markets.
The hydrogen electrolyzers market will witness a
negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio s pandemic-focused market research, market growth
decreased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to: