Blue Hydrogen Market Forecast to 2030
The Global Blue Hydrogen Market study includes a thorough analysis of market dynamics as well as historical and current data analysis. The report also discusses the key market growth drivers and restraining factors that are likely to affect market growth during the forecast period. The Global Blue Hydrogen Market undertakes market scenario research to provide growth projections for the Blue Hydrogen industry from 2022 to 2030. The analysis focuses on potential growth possibilities and difficulties that market leaders may run into during the forecast period. The study places a lot of emphasis on newly emerging business elements, specialized sectors, product launches, and brand promotions that are taking place in the market
The global blue hydrogen market size reached USD 1.02 Billion in 2021 and is expected to register a revenue CAGR of 14.8% during the forecast period, according to the latest analysis by Emergen Research. Rapid increases in fuel prices and increasing pollution due to the combustion of fossil fuels are expected to support market revenue growth during 2022–2030.
Rapid climate change due to global warming is expected to increase demand for cleaner alternatives with minimal emissions. According to a recent report by the Intergovernmental Panel on Climate Change (IPCC), greenhouse gas emissions from human activity are responsible for warming the atmosphere by about 1.1° C from 1850 to 1900, and the average global temperature over the next 20 years is projected to be 1.5° C or higher than the pre-industrial levels. Rapid climate change caused by global warming has adversely affected weather patterns, causing irregular rainfalls, droughts, and desertification, thereby reducing agricultural productivity and increasing global hunger rates. This is expected to increase demand for blue hydrogen as an alternative source of energy and thus drive revenue growth in the market during the forecast period.
The rapid increase in fuel prices has led to rising demand for alternative and sustainable sources of energy, such as blue hydrogen. Crude oil prices have risen steadily since mid-2020 due to a slower increase in production and rapid growth in demand, which has contributed to price inflation. Cartels formed by major oil exporters are mainly responsible for manipulating the price of crude oil. In December 2020, the Organization of the Petroleum Exporting Countries (OPEC) and other countries, such as Russia, that coordinate production with OPEC announced they would continue to limit production throughout 2021 to support higher crude oil prices. This is expected to push governments of various countries to look for alternative sources of energy in order to reduce dependency on oil imports, which is expected to drive revenue growth in the market.
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The global Blue Hydrogen market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Blue Hydrogen industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Royal Dutch Shell plc, Linde plc, Air Products Inc., Cummins Inc., Siemens Energy (Siemens AG), Toshiba Energy Systems Solutions Corp., Equinor ASA, CertifHy Canada Inc., Xebec Adsorption Inc., and Uniper SE
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Some Key Highlights From the Report
Gas partial oxidation segment is expected to register a significantly rapid revenue CAGR during the forecast period, due to rising demand for blue hydrogen and declining dependency on fossil fuels to reduce emissions.
Petroleum refinery segment is expected to register a robust revenue growth rate over the forecast period, due to rising demand for natural gas, which is an important raw material for producing blue hydrogen.
North America is expected to register a steady revenue growth rate in the global blue hydrogen market over the forecast period, which can be attributed to strong presence of international and domestic enterprises involved in the production of blue hydrogen, such as CertifHy Canada Inc., Air Products Inc., Xebec Adsorption Inc., and Cummins Inc., among others, in countries in the region.
Market Overview:
The report bifurcates the Blue Hydrogen market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Technology Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
Steam Methane Reforming (SMR)
Autothermal Reforming (ATR)
Gas Partial Oxidation
End-use Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
Power Generation
Chemical Industries
Petroleum Refinery
Others
Regional Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
BENELUX
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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