The global green hydrogen market is on a trajectory to reach an impressive US$166 billion by the year 2037. This growth is attributed to a remarkable compound annual growth rate (CAGR) of 48%.
Key to this expansion is the maturation of electrolyzer technology, which is essential for the production of green hydrogen. As technology improves, production costs are expected to decrease, making green hydrogen more accessible.
Investors and stakeholders in the energy sector are closely monitoring these developments, as the shift towards sustainable energy solutions continues to gain momentum.