GlobalData

As more industries, such as steel, transportation, and power, try to decarbonize their operations, the demand for low-carbon hydrogen is expected to grow. Nevertheless, the hydrogen economy is currently in its critical phase of its development, says GlobalData.

The petrol engines market is expected to record a negative compound annual growth rate (CAGR) of 5.8% in the Asia-Pacific (APAC) region over 2024-29, according to GlobalData, a leading data and analytics company.

APAC exhaust and ICE after-treatment market to decline at negative 2% CAGR over 2024-29, forecasts GlobalData

The volume of xEV batteries is projected to increase steadily to reach 29.9 million units in APAC by 2029, recording a compound annual growth rate (CAGR) of 9.3% over 2024-29, according to GlobalData, a leading data and analytics company.

Nivedita Roy, Oil and Gas Analyst at GlobalData, comments: “This high-capacity addition of ammonia in the US is attributed to the abundance of low-cost natural gas, which is a primary feedstock for the production of ammonia. The large agriculture sector of the US relies heavily on ammonia-based fert...

Saurabh Daga, Project Manager of Disruptive Tech at GlobalData, comments: “Energy storage technologies are emerging as a cornerstone for the global shift to renewables, addressing critical challenges of intermittency and grid stability.