"Exploring the Future of Clean Energy: Hydrogen and Ammonia's Role in Revolutionizing Industries from Transportation to Steel, Supporting Decarbonization, and Enhancing Energy Security"
BOSTON, May 14, 2025 /PRNewswire/ -- BCC Research is excited to announce the release of its "2024 Hydrogen and Ammonia Research Review [https://www.bccresearch.com/market-research/energy-and-resources/hydrogen-and-ammonia-market-research-review.html?utm_source=PRNWEGY201A&utm_medium=referral&utm_campaign=prnewswire]," which highlights the transformative potential of these commodities in the clean energy era. This comprehensive review provides market professionals with critical insights and quantitative data to make informed business decisions.
https://mma.prnewswire.com/media/2183242/5319345/BCC_Research_Logo.jpg [https://mma.prnewswire.com/media/2183242/5319345/BCC_Research_Logo.jpg]
Key Highlights:
-- Green Hydrogen: Global Markets:- The green hydrogen market is projected
to grow from $5.2 billion in 2024 to $38.1 billion by the end of 2029.-
Compound annual growth rate (CAGR): 48.7%.
-- Hydrogen Fuel Cell: Global Markets:- The hydrogen fuel cell market is
projected to grow from $5.1 billion in 2024 to $11.0 billion by the end
of 2029.- CAGR: 16.5%.
-- Hydrogen Storage: Materials, Technologies and Global Markets:- The
hydrogen storage market is projected to grow from $5.3 billion in 2023
to $7.7 billion by the end of 2028.- CAGR: 7.6%.
Research Coverage and Insights
Hydrogen and ammonia are set to transform clean energy, impacting industries from transportation to steel. Green hydrogen, produced using solar and wind power, offers a sustainable fuel alternative that emits only water and heat. These advances are crucial for decarbonization, supporting global efforts to reduce greenhouse gas (GHG) emissions and encouraging energy security and sustainable production across many sectors.
Key Points:
1. Green Steel Production: The transportation industry, which uses around
20% of steel, can benefit from green steel produced with green hydrogen,
presenting lucrative growth avenues for steel manufacturers.
2. Sustainable Production: Green hydrogen is attracting many industries to
invest and expand their sustainable production capabilities.
3. Reduction of GHG Emissions: Green hydrogen aligns with global efforts to
reduce GHG emissions and combat climate change.
4. Energy Security: It encourages energy security by offering solutions for
energy diversification and domestic production opportunities, as it can
be produced with renewable energy sources.
5. Renewable Energy and Electrolyzer Capabilities: The future of green
hydrogen depends on significant cost reductions in renewable energy
sources and installations of large capacity electrolyzers.
6. Global Leadership: China is leading in developing electrolyzer and fuel
cell technology, while MEA and Latin American countries have significant
potential for renewable energy generation.
7. International Synergies: Collaborative efforts among countries are
essential for the widespread adoption of green hydrogen.
Research Summary
The 2024 Research Review of hydrogen and ammonia [https://www.bccresearch.com/market-research/energy-and-resources/hydrogen-and-ammonia-market-research-review.html?utm_source=PRNWEGY201A&utm_medium=referral&utm_campaign=prnewswire] provides a sampling of the type of the quantitative market data, analysis, and guidance that BCC Research has provided since 1971. This research review includes highlights and excerpts from the following reports published by BCC Research in 2024:
-- ENV060B Green Hydrogen: Global Markets
[https://www.bccresearch.com/market-research/environment/green-hydrogen-
market.html?utm_source=PRNWEGY201A&utm_medium=referral&utm_campaign=prne
wswire]
-- EGY186B Hydrogen Fuel Cell: Global Markets
[https://www.bccresearch.com/market-research/energy-and-resources/hydrog
en-fuel-cell-market.html?utm_source=PRNWEGY201A&utm_medium=referral&utm_
campaign=prnewswire]
-- EGY146C Hydrogen Storage: Materials, Technologies and Global Markets
[https://www.bccresearch.com/market-research/energy-and-resources/hydrog
en-storage-materials-markets-report.html?utm_source=PRNWEGY201A&utm_medi
um=referral&utm_campaign=prnewswire]
-- FCB059B Global Market for PEM Electrolyzer
[https://www.bccresearch.com/market-research/fuel-cell-and-battery-techn
ologies/global-pem-electrolyzer-and-mea-component-market.html?utm_source
=PRNWEGY201A&utm_medium=referral&utm_campaign=prnewswire]
-- ENV068A Global Blue Ammonia Market
[https://www.bccresearch.com/market-research/environment/blue-ammonia-ma
rket.html?utm_source=PRNWEGY201A&utm_medium=referral&utm_campaign=prnews
wire]
After you have accessed this Research Review and benefiting from its insight, we encourage you to explore the full portfolio of market research reports for a deeper understanding of each topic. BCC Research remains your trusted partner in market intelligence, and we are committed to supporting your future decisions and increasing your insights.
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In times of rapid change and uncertainty, having the right insights can make all the difference. At BCC Research, we're here to support innovation and help you stay ahead. Our custom research reports provide a comprehensive, 360-degree view of your market landscape--providing you with the clarity you need to make informed decisions. We believe that timely, expert market intelligence should be accessible to all. That's why, for a limited time, we're offering 30% off the price of any BCC Research report to help more organizations gain access to our latest data and insights.
For further information on any of the reports or to make a purchase, please contact info@bccresearch.com [mailto:info@bccresearch.com].
About BCC Research
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