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Report Ocean: The global hydrogen energy market will grow at an average annual rate of more than 9% in the next five years

 Last Update: 2022-04-25
 Source: Internet
 Author: User

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Recently, the market research agency Report Ocean released a report saying that in the next five years, the global hydrogen production market will grow steadily, with an average annual growth rate of more than 9.
2%
.

Report Ocean said that by 2027, the global hydrogen production market will reach US$240.
71 billion, compared with US$130 billion in 2020, and the average annual growth rate from 2021 to 2027 will exceed 9.
2%
.

The agency said increased government investments in renewable energy, as well as restrictions on desulfurization and greenhouse gas emissions, are prompting governments to significantly ramp up hydrogen production over the forecast period

The global hydrogen production market is segmented by region into Asia Pacific, North America, Europe, Latin America, and others
.

North America has become a major region of the world market share due to the advanced technical support and large investment required in the introduction of fuel cells

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