The global hydrogen generation market is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. The outbreak of COVID-19 started in December 2019, which has also impacted the global hydrogen generation market across all major regions considered in the study. Major countries affected by the COVID- 19 outbreak include China, the US, the UK, Italy, and several key economies across the world. The electricity demand has been reduced significantly due to the COVID-19 pandemic, though electricity use in residential buildings has increased.
https://www.expertmarketresearch.com/reports/hydrogen-generation-market
https://www.expertmarketresearch.com/reports/hydrogen-generation-market
The global hydrogen generation market is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. The outbreak of COVID-19 started in December 2019, which has also impacted the global hydrogen generation market across all major regions considered in the study. Major countries affected by the COVID- 19 outbreak include China, the US, the UK, Italy, and several key economies across the world. The electricity demand has been reduced significantly due to the COVID-19 pandemic, though electricity use in residential buildings has increased.
https://www.expertmarketresearch.com/reports/hydrogen-generation-market