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Global Hydrogen Market is estimated to be US$ 280.68 billion by 2030 with a CAGR of 8.9%
The global Hydrogen Market accounted for US$ 120 billion in 2020 and is estimated to be US$ 280.68 billion by 2030 at CAGR of 8.9%. The Global Hydrogen Market is segmented based on the production process, end-user industry, distribution and region.
As of now, flammable gas is the essential wellspring of making hydrogen, and steam methane reformers utilizing gaseous petrol are significantly utilized in hydrogen creation. Nonetheless, hydrogen is additionally delivered by the reception of more up to date innovations, like electrolysis and pyrolysis. The U.S. is among the early adopters of clean energy arrangements on the planet for areas, for example, power age, assembling, and transportation. The U.S. Branch of Energy (DOE) and the Department of Transportation (DOT) presented a Hydrogen Posture Plan in December 2006. The point of this arrangement was to improve R&D and approve innovations that can be utilized for setting up capacity framework.
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The key players operating in the global hydrogen market includes Air Liquide S.A., Linde plc, Inc., Air Products & Chemicals Inc., Showa Denko K.K. (SDK), In Hyster-Yale Materials Handling., Inc., BASF SE, Messer Group GmbH, Universal Industrial Gases., Inc. and Gulf Cryo LLC.
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