Environmental Technology Market worth $690.3 Billion by 2026
The global Environmental Technology Market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% during the forecast period. Increase in demand from different verticals and a stringent government regulation is one of the major factors contributing to the high growth of the environmental technology market.
Based on technological...
Green Energy Revolution: US Electrolyzers Industry Pioneers Hydrogen Economy
The electrolyzers market in the U.S. is a thriving sector within the global market that is expected to grow significantly due to the growing demand from the mobility industry, the presence of big players, and the implementation of stringent environmental regulations emphasizing the use of electrolyzer technology for green hydrogen production. Among the end-use industries, the energy and mobility sector...
Green Ammonia Market worth $17.9 Billion by 2030
The global Green Ammonia Market is expected to grow from an estimated USD 0.3 billion in 2023 to USD 17.9 billion by 2030, at a CAGR of 72.9% according to a new report by MarketsandMarkets™. Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It...
Electrolyzers Market worth $57.2 Billion by 2030
The global Electrolyzers Market is expected to reach USD 57.2 billion by 2030 from USD 0.5 billion in 2023 at a CAGR of 97.7% during the 2023–2030 period according to a new report by MarketsandMarkets™. The growing demand for cleaner fuels is one of the major factors driving the Electrolyzers Market. Global electrolyzers demand has been increasing gradually due to goals set to achieve...
Hydrogen Market Could Reach $410.6 billion by 2030, Says Report
The global hydrogen market is projected to reach USD 410.6 billion by 2030 from an estimated USD 242.7 billion in 2023, at a CAGR of 7.8% during the forecast period. 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.
Key...
Electrolyzers Market Size to Reach $23.6 Billion by 2028
The global electrolyzers market size is expected to grow from an estimated USD 1.2 billion in 2023 to USD 23.6 billion in 2028, at a CAGR of 80.3% according to a new report by MarketsandMarkets™. An electrolyzer system utilizes electricity to break water molecules into hydrogen and oxygen. Through this process, the electrolyzer system produces hydrogen, and the leftover oxygen is released into...
Green Ammonia Market Size to Reach $17.9 Billion by 2030
The global Green Ammonia Market is expected to grow from an estimated USD 0.3 billion in 2023 to USD 17.9 billion by 2030, at a CAGR of 72.9% according to a new report by MarketsandMarkets™. Green ammonia refers to the production of renewable and carbon-free ammonia. It is produced by generating energy from solar/wind/hydropower, which is then fed into an electrolyzer. It extracts hydrogen...
Hydrogen Energy Storage Market to Grow $196.8 billion by 2028
According to a research report “Hydrogen Energy Storage Market by Form (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Electric Utilities, Industrial, Commercial) Region – Global Forecast to 2028″ published by MarketsandMarkets, the global hydrogen energy storage market is projected to reach USD...
Green Ammonia Market worth $17.9 Billion by 2030
The global Green Ammonia Market is projected to reach USD 17.9 billion in 2030 from USD 0.3 billion in 2023 at a CAGR of 72.9% according to a new report by MarketsandMarkets™. The Green Ammonia Market has promising growth potential due to the rising deployment of fuel cell vehicles.
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Power generation to...
The Growing Market for Hydrogen Generation: A Promising Future
Hydrogen has emerged as a key player in the transition towards clean and sustainable energy systems. As countries worldwide seek to reduce their carbon footprint and combat climate change, hydrogen generation has gained significant attention. This article explores the evolving market for hydrogen generation, highlighting its potential, key drivers, challenges, and future prospects.
Hydrogen’s...