As the global community transitions to net zero carbon emissions, the hydrogen story will only heat up. In fact, by 2028, the hydrogen generation market could be worth up to $244.04 billion, as noted by Verified Market Research.
“Government regulations for desulfurization and greenhouse gas emissions are the major factors that propelling the market growth. Greenhouse emissions are increasing globally, primarily due to the consumption of fossil fuels and industrialization. Emissions of greenhouse gases, such as carbon dioxide (CO2), nitrous oxide, and methane, are responsible for the rising global temperature, which has increased by around 1° C since the last century. The US, European Union, Russia, and China collectively account for 65% of the global emissions. Among these, the US alone accounts for 25%.”