Hydrogen Fuel Cells Market Size, Trends, Growth & Forecast 2028

Gmi Research30 May, 2023Business

Hydrogen Fuel Cells Market was valued at USD 1.2 billion in 2020, and estimated to reach USD 70.0 billion in 2028, growing at a significant CAGR of 66.0% during 2021-2028. The factors driving growth of the Hydrogen Fuel Cells Market includes increasing penetration of electric vehicles around the world, Government initiatives to reduce carbon emissions, exploitation of fossil resources, growing focus on reducing dependency on using non-conventional energy sources and improvements in the living standards.