Posted 1/12/2024, 11:30:00 AM
Hydrogen Economy Poised for 18.6% Growth This Decade, Driven by Auto Industry and Asia-Pacific Commitments
- Hydrogen hubs market valued at $1.8 billion in 2023, projected to reach $5.9 billion by 2030 at a CAGR of 18.6%
- Driven by global decarbonization efforts, investments in hydrogen projects, supportive regulations
- Automotive industry expected to drive growth as a major hydrogen consumer and contributor
- Asia-Pacific leading in growth due to government commitments to hydrogen and sustainability
- Key players include ARAMCO, Shell, Linde, Airbus, Sinopec; focused on hydrogen production innovation