Gas Diffusion Layer Market size was over USD 1 Billion in 2023 and is likely to exceed USD 5 Billion by the end of 2036, growing at over 29% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gas diffusion layer is evaluated at USD 1.55 Billion.
The reason behind the growth is led by the growing demand for energy across the globe, driven mostly by the expanding economies of developing countries as a result of increased industrial activity and advancements in both developed and developing nations.
According to the World Economic Forum, the average annual growth rate of the world's demand for power is predicted to reach 3.4% between this year and 2026.
Author Credits: Dhruv Bhatia
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