According to our latest research, the Global Hydrogen-Ready Steel Mill Furnace market size was valued at $1.2 billion in 2024 and is projected to reach $5.7 billion by 2033, expanding at a CAGR of 18.9% during 2024–2033. The market's robust growth is primarily driven by the steel industry's accelerating transition towards decarbonization and the widespread adoption of hydrogen as a clean energy alternative.
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