Digital Technologies Are Fastest Growing Segment Fueling The Growth Of Hydrogen Market

The global hydrogen market is segmented into production and delivery, by application, and by geography. Based on production and delivery, the market is classified into captive and merchant production. Among these, the captive production segment dominates the global market owing to lower cost of hydrogen production and ability to control production based on demand from end users.

Hydrogen Market Is Estimated To Witness High Growth Owing To Increasing Adoption in Various Industries Including Transportation and Power Generation

The hydrogen market is estimated to be valued at US$ 141.59 Bn in 2023 and is expected to exhibit a CAGR of 7% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.