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The hydrogen generation market size is forecast to increase by USD 49.7 billion and is estimated to grow at a CAGR of 5.52% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for fertilizers, expansion of refining capacity, and the growing metal processing industry. Fertilizer manufacturers are turning to hydrogen as a critical feedstock to produce ammonia, a key component in fertilizer production. The market is witnessing a growing demand for the decline in fuel cell costs. Simultaneously, the refining industry is undergoing a capacity boom, leading to an increased need for hydrogen as a crucial component in the refining process. Furthermore, the metal processing industry's growth is driving demand for hydrogen as a reducing agent in various processes. These factors are expected to fuel the growth of the market in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Delivery Mode
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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