The convergence of agriculture and renewable energy is an emerging paradigm in sustainable development. In recent years, agrivoltaics, combining solar power with agricultural activities, has gained significant traction.

In the pursuit of sustainability, the hydrogen economy is emerging as a compelling energy solution. White hydrogen and green hydrogen are at the forefront of this shift—reshaping how we produce, store, and consume energy.

Discover five fast-growing industries that are making waves in the business world, and learn which key segments offer the highest potential for revenue growth, based on new data from a variety of leading market research firms.

According to the International Energy Agency (IEA), in 2020, the demand for hydrogen was estimated at around 95 million tons. That's about 50% more than what IEA wanted back in the year 2000. 

The oil-refining players used about 40 million tons of hydrogen in 2020, and the chemical industry gobbled down around 45 million tons.

The hydrogen fuel cells market will reach a value of nearly $8.2 billion in 2023, having grown at a compound annual growth rate (CAGR) of 28.8% since 2017. The market is expected to reach $31.8 billion by 2027, rising at a rate of more than 41%. The market is further expected to grow at a CAGR of above 37% from 2027 and reach $154 billion by 2032.

The global energy as a service (EaaS) market is witnessing significant growth propelled by industrialization, government support, and the increasing adoption of distributed energy resources.

With the increasing adoption and popularity of electric vehicles and consumer electronics, the demand for battery materials such as lithium is also growing, putting pressure on already limited resources in the environment.

Climate change is a global problem that requires urgent action. Carbon dioxide removal (CDR) is an emerging strategy to combat the adverse effects of climate change.

In a world full of pollutants, concerns about sustainability, and the aim to carry zero-carbon footprints, green hydrogen is serving as a ray of hope for a healthy, green world.

Data center cooling systems are used in various industries, such as information technology (IT) and telecom, banking, healthcare, finance, insurance, and retail. As servers in a data center run continuously (24/7), they increase the core temperature of the operating system, and if not controlled, can lead to data center outage; thus, cooling has becomes a standard part of data center operations.