“Increased Focus on Green Hydrogen and Infrastructure Development”
- One prominent trend in the global hydrogen market is the growing focus on green hydrogen production and the expansion of hydrogen infrastructure
- Green hydrogen, produced through the electrolysis of water using renewable energy sources, is gaining significant traction as it offers a sustainable and carbon-free solution for industries aiming to decarbonize
- For instance, Europe and Asia-Pacific are investing heavily in large-scale green hydrogen projects, with countries like Germany and Japan leading the way with ambitious targets for hydrogen adoption
- Simultaneously, there is a surge in infrastructure development, such as hydrogen refueling stations and pipelines, to support the growing demand for hydrogen across transportation, industrial, and power generation sectors
- This trend is accelerating the transition to clean energy, driving global efforts to reduce greenhouse gas emissions and diversify energy sources
