In New York, Market Research Future (MRFR) reported that the global market for green hydrogen is predicted to showcase considerable development over the assessment timeframe from 2022 to 2030 with a CAGR of approximately 57.41%. The reports anticipate the market acquiring a valuation of around $10.55 billion by the end of 2030. “Global industrial activities and business operations experienced a major setback given to the rise of the global health crisis in the form of COVID-19. The pandemic affected public health across nearly 225 countries, along with all industrial operations. All these situations led to the imposition of full or partial lockdowns across most regions worldwide. Subsequently, the industry operations were halted, and some businesses shut down,” the report states. “Given the sudden fall in demand for construction activities during the pandemic and the halt of most industrial operations, the green hydrogen market experienced many sudden and unexpected issues throughout the pandemic. On the contrary, now that the majority of the globe is being rapidly vaccinated and industrial operations are returning to normal, the market is predicted to witness a considerable expansion and recovery in revenue generation over the assessment period,” the report adds.
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