SANTA CLARA – Frost & Sullivan’s recent analysis, Growth Opportunities in the Hydrogen Market for the Global Power Sector, finds that there has been a growing interest in hydrogen as a low- or zero-carbon energy. Countries across the world have started to consider a hydrogen-based economy as the answer to the growing concerns over increasing carbon emissions, energy security, and climate change. Global hydrogen production is forecast to more than double, reaching 168 million tons by 2030 from 71 million tons in 2020, with revenue expected to reach $420 billion in 2030 from $177.3 billion in 2020.
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