Green Hydrogen Market, Analysis and Forecast, 2021-2031 | BIS Research

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Green hydrogen market is expected to reach $4,455.8 million by 2031, with a CAGR of 5.13% during the forecast period 2021-2031. The increasing use of green hydrogen for applications such as oil & gas, petrochemical, electric vehicle, power generation is expected to be the major driving factor for the market. The development of national and international “net zero” objectives has been one of the most noteworthy characteristics of climate policy in recent years. Europe, the U. K., China, South Korea, Japan, Canada, South Africa, and the U.S. have all adopted these objectives. While these are long-term goals, the impacts are far-reaching, far more so than, for example, an 80 percent decarbonization objective.

Increasing green hydrogen production is expected to have a multiplier impact on present renewables predictions, which are usually focused on direct electrification and decarbonization rather than ‘indirect’ electrification and decarbonization via hydrogen. To Read more visit:

https://bisresearch.com/industry-report/green-hydrogen-market.html

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