Hydrogen Generation Market Size Worth $184.23 Billion By 2028
The global hydrogen generation market size is expected to reach USD 184.23 billion by 2028 according to a recent study by Polaris Market Research.
The increasing use of the product in the areas of chemical processing along with fuel cells and oil and refinery will be the major forces behind the rapid growth of the global industry during the forecast period. The emergence of the green product will provide an opportunity for the further growth of this industry over the coming years.
Fuel cells are being promoted worldwide as they have applications in electric cars and power production on a small scale for commercial buildings.
Desulfurization will be another significant factor that will drive the growth of this industry over the coming years.
Steam methane reforming is a widely used technology for production.
In contrast, technologies such as water electrolysis are emerging technologies due to their ability to produce green products without the emission of greenhouse gases in traditional technologies such as steam methane reforming and coal gasification.
Global Water Testing and Analysis Market to Reach US$4.3 Billion by the Year 2026
According to the "Water Testing and Analysis - Global Market Trajectory & Analytics" -report conducted by ResearchAndMarkets.com, the rapid pace of urbanization in emerging countries is also driving the need for water treatment management solutions.
Another factor driving demand is the replacement of aging
water infrastructure in developed markets including North
America and Europe.
Amid the COVID-19 crisis, the global market for Water Testing and Analysis estimated at US$3.2 Billion in the year 2020, is
projected to reach a revised size of US$4.3 Billion by 2026,
growing at a CAGR (Compound Annual Growth Rate) of 5.1 percent over the analysis period.
The growth of this market is attributed to the benefits of cloud-based industrial asset management solutions and the rising need for the real-time monitoring of industrial assets.
An industry on standstill: maritime progress at risk over fears of digitalisation, Wärtsilä report warns
The global lubricants market size is projected to reach USD 187.9 billion by 2027 from USD 164.8 billion in 2022, at a CAGR of 2.7%.