Research shows that global green hydrogen market would reach $8.7bn by 2028
In Washington D.C, Vantage Market Research reported that the global green hydrogen market is forecasted to reach 8.7 billion by 2028, up from $ 374.17 million in 2021. According to the research firm, the market is expected to grow at a CAGR of 48.19% during the 2022-2028 period. “The green hydrogen market is growing rapidly due to increasing demand for clean energy, government support for clean energy initiatives, and the need for sustainable solutions to meet energy demand. The key applications of green hydrogen include transportation, power generation, and industrial processes,” the report states. “The green hydrogen market is expected to reach a significant market size by 2030, driven by investments in the development of green hydrogen production and distribution infrastructure.”
Category: Hydrogen
