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The global hydrogen generation market was valued at USD 143 billion in 2019 and is projected to reach USD 201 billion by 2025; it is anticipated to grow at a CAGR of 9.2% during the forecast period.
Rising obligations to reduce greenhouse gas emissions from traditional methods has driven the hydrogen generation market growth. Furthermore, increased demand for long-term storage of renewable energy is driving the hydrogen generation market. However, the high energy consumption of hydrogen generation technologies is likely to hamper the growth of the hydrogen generation market.
The power generation segment, by end user, is expected to be the largest and the fastest-growing market from 2020 to 2030 ....

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