BCC Research has released its '2024 Hydrogen and Ammonia Research Review,' highlighting the transformative potential of these commodities in the clean energy sector. The green hydrogen market is projected to see significant growth, reaching $38.1 billion by 2029 with a CAGR of 48.7%. Similarly, the hydrogen fuel cell market is expected to expand to $11.0 billion by the end of 2029. Hydrogen storage is also on the rise, with a projected market growth to $7.7 billion by 2028. The report emphasizes the role of green hydrogen in revolutionizing industries like transportation and steel, offering a sustainable fuel alternative that aligns with decarbonization efforts. Key points include the potential for green steel production, reduction of GHG emissions, enhanced energy security, and the importance of cost reductions in renewable energy sources and electrolyzer technology. The research also highlights China's leadership in technology development and the necessity of international collaboration for the widespread adoption of green hydrogen. BCC Research's comprehensive review aims to provide market professionals with valuable insights to make informed decisions in the evolving clean energy landscape.