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The industrial hydrogen market is expected to reach US$ 19,800 million globally in 2024 and increase at a steady 4.9% CAGR through 2034. By 2034, the market is expected to be valued US$ 31,946.3 million. The market is primarily driven by the growing demand from vital industries including energy, electronics, and refining, where hydrogen is essential.



The increase in demand is a result of the increased focus on cleaner energy sources around the world, which is in line with a larger… Continue