Hydrogen Generation Market Size Worth $184.11 Billion By 2028: Grand View Research, Inc.
SAN FRANCISCO, April 12, 2021 /PRNewswire/ The global hydrogen generation market size is expected t
o reach USD 184.11 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to
expand at a CAGR of 5.7% from 2021 to 2028. The global energy crisis has fostered research and exploration in alternative sources of energy generation and several sustainable conservation initiatives. Sustainability in energy generation is a vast field and includes numerous steps, which are required to be implemented in the primary stages, as their potential environmental and commercial impacts can be substantial.
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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.