BCC Research has released its '2024 Hydrogen and Ammonia Research Review,' emphasizing the transformative potential of hydrogen and ammonia in the clean energy era. The green hydrogen market is projected to grow substantially, reaching $38.1 billion by 2029 with a remarkable CAGR of 48.7%. Similarly, the hydrogen fuel cell market is expected to grow to $11.0 billion by the end of 2029. These advancements are crucial for supporting global decarbonization initiatives by reducing greenhouse gas emissions and promoting energy security. Green hydrogen, produced using renewable sources like solar and wind power, emits only water and heat, making it a sustainable fuel alternative. One key highlight is the potential for green steel production using green hydrogen, which can benefit the transportation industry significantly. The research review also points out the importance of cost reductions in renewable energy sources and the deployment of large capacity electrolyzers for the future of green hydrogen. Countries like China are taking the lead in developing electrolyzer and fuel cell technology, while international cooperation is deemed essential for the widespread adoption of green hydrogen. BCC Research offers a comprehensive view of the market landscape to aid in making informed business decisions amidst rapid changes and uncertainties. By providing critical insights and quantitative data, BCC Research aims to support businesses in navigating the evolving clean energy market. The company is also offering a 30% discount on its reports to make market intelligence more accessible for organizations. For further information or to purchase reports, interested parties can contact BCC Research via email or phone.