The industrial gases market is booming, with an impressive growth forecast of USD 74.94 billion in 2024 to USD 158.19 billion by 2034. This growth, estimated at a compound annual growth rate (CAGR) of 7.80%, is largely due to the increased use of industrial gases in the photovoltaic sector.
Industrial gases such as nitrogen, oxygen and argon are essential in the manufacture of semiconductors, photovoltaic cells and LEDs. These components are crucial for solar panels, which are becoming increasingly popular as a renewable energy source. By reducing manufacturing costs and increasing production efficiency, these gases play a vital role in the expansion of solar energy.
Hydrogen: A Pillar of the Energy Industry
Hydrogen, in particular, has become a central pillar of the energy industry. Used in fuel cells and as an alternative fuel, hydrogen offers considerable advantages for reducing carbon emissions and diversifying energy sources….
