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The New Program Will Allow Companies to Resell Joy Organics' Line of Pharmaceutical Grade, THC-Free CBD Products Under Their Own Brand

The global Hydrogen market is estimated to grow from USD 242.7 billion in 2023 to USD 410.6 billion by 2030; it is expected to record a CAGR of 7.8% during the forecast period.

According to the new market research report "Hydrogen Energy Storage Market by State (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Electric Utilities, Industrial, Commercial), Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Hydrogen Energy Storage Market is projected to reach USD 119.2 Billion by 2027 from an estimated market size of USD 13.8 Billion in 2022, at a CAGR of 54.0% during the forecast period. The factors driving the growth for Hydrogen Energy Storage Market is Increasing hydrogen demand in the industrial sector and rising demand for hydrogen in stationary and mobile power applications.

The government regulations related to energy efficiency and the growing use of variable frequency drives to reduce energy consumption and enhance the efficiency of systems are projected to create lucrative growth opportunities for the variable frequency drive market players.

Replacement of aging infrastructure in North America, along with upgradation of existing substations due to rising electricity demand in Europe and Asia Pacific are the driving factors for the switchgear market, globally.

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