PUBLISHER: Value Market Research | PRODUCT CODE: 1342896
PUBLISHER: Value Market Research | PRODUCT CODE: 1342896
The global demand for Blue Hydrogen Market is presumed to reach the market size of nearly USD 50.68 MN by 2030 from USD 19.2 MN in 2022 with a CAGR of 12.9% under the study period 2023 - 2030.
Blue Hydrogen is the low-carbon hydrogen produced from the steam refining process, which does not release greenhouse gases. Blue Hydrogen is made using non-renewable energy sources. Natural gas is divided into two components, hydrogen and carbon dioxide, using SMR or ATR, where the CO2 is separated and stored. This process is CO2 neutral and produces hydrogen, known as blue hydrogen. Blue hydrogen production does not require electricity. Thus it helps to conserve scarce land and shift toward low-carbon energy without land requirement issues.
The increasing utilization of hydrogen in fuel cell vehicles is one of the major driving factors for the blue hydrogen market in upcoming years. The demand for clean hydrogen is rising among the end users of industries such as chemical, and rapid industrialization and globalization are also the key factors driving the blue hydrogen market. On the other hand, blue hydrogen is facing social acceptance challenges due to its high CO2 transport, storage, and monitoring costs, which can lead to hindrances in the blue hydrogen market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of blue hydrogen. The growth and trends of blue hydrogen industry provide a holistic approach to this study.
This section of the blue hydrogen market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Blue Hydrogen market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blue hydrogen market include Shell plc (UK), Linde plc (Ireland), Air Products and Chemicals, Inc. (US), Aker Solutions (Norway), ExxonMobil Corporation (US), Dastur Energy (US), Topsoe (Denmark), Equinor ASA (Norway), Uniper SE (Germany), Petrofac Limited (US), BP plc (UK), Eni (Italy), Technip Energies NV. (France), Johnson Matthey (UK), ENGIE Group (France), thyssenkrupp AG (Germany), Xebec Adsorption Inc. (Canada), INEOS (US), Aquaterra Energy Limited. (UK), The State Atomic Energy Corporation ROSATOM (Russia). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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