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Blue Hydrogen Market

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    Report

  • 117 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724209
The global blue hydrogen market size is expected to reach USD 43.79 billion by 2030, according to a new study. The report “Blue Hydrogen Market Share, Size, Trends, Industry Analysis Report, By Technology (Steam Methane Reforming, Gas Partial Oxidation, and Auto Thermal Reforming); By End-Use; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing applications of blue hydrogen in fuel cell electric vehicles and the aerospace sector around the world along with the rising focus of various governments on achieving net zero emissions targets, by 2050, are key factors projected to drive the growth. In addition, growing investment by various large market companies and government organizations in the enhancement and improvement of hydrogen production facilities by promoting various development projects and incorporation of advanced technologies like machine learning & artificial intelligence is anticipated to create lucrative growth opportunities for the market.

For instance, in April 2022, Wood Plc. announced the launch of its new next-generation steam methane technology to produce hydrogen, which can achieve around 95% reductions in CO2 emissions, compared to traditional plants. This SMR technology will be applicable for both greenfield and brownfield projects while improving the efficiency and environmental footprint of existing hydrogen production assets.

The rapid increase in the prices of various fuels like petrol & diesel, which can attribute to high volatility in the crude oil process and several taxes & cesses levied on the fuel, has enabled cartels like the organization of petroleum exporting countries, to decide the benchmark of their prices crude oil prices. This is significantly leading to a rapid increase in the demand for alternative fuel sources such as blue hydrogen and is expected to impact the global market positively in the next coming years.

In March 2022, ExxonMobil announced its plan to launch of a hydrogen manufacturing plant at its integrated refining & petrochemical site in Texas. This facility would produce up to 1 Bn cubic feet of blue hydrogen/per day. And, using hydrogen as a fuel at its Baytown site will help to reduce CO2 emissions by more than 30%.

Blue Hydrogen Market Report Highlights

  • Steam methane reforming segment accounted for a significant market share in 2021, owing to its cost-effectiveness & rising adoption as the cheapest way of producing high levels of pure hydrogen
  • The chemical industry segment held the largest market share, in 2021, due to a rapid increase in demand for various types of ammonia fertilizers and high utilization in the production of bulk chemicals and intermediates
  • North America region dominated the global market and is expected to grow over the projected period on account of increased investment in research & development activities and the rising need for fuel cells in electric vehicles
  • The global market players include ExxonMobil Corporation, Air Products and Chemical, Aker Solutions, Technip Energies, and The State Atomic Energy Corporation

The publisher has segmented the blue hydrogen market report based on technology, end-user, and region:

Blue Hydrogen, Technology Outlook (Revenue - USD Billion, 2018 - 2030)

  • Steam Methane Reforming
  • Gas Partial Oxidation
  • Auto Thermal Reforming

Blue Hydrogen, End-User Outlook (Revenue - USD Billion, 2018 - 2030)

  • Petroleum Refiners
  • Chemical Industry
  • Power Generation Facilities
  • Others

Blue Hydrogen, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Blue Hydrogen Market

What is the estimated value of the Blue Hydrogen Market?

The Blue Hydrogen Market was estimated to be valued at $17.94 billion in 2022.

What is the growth rate of the Blue Hydrogen Market?

The growth rate of the Blue Hydrogen Market is 11.8%, with an estimated value of $43.79 billion by 2030.

What is the forecasted size of the Blue Hydrogen Market?

The Blue Hydrogen Market is estimated to be worth $43.79 billion by 2030.

Who are the key companies in the Blue Hydrogen Market?

Key companies in the Blue Hydrogen Market include ExxonMobil Corporation, Air Products and Chemicals Inc., Aker Solutions, Dastur Energy, Topsoe, Shell Plc, Lindle Plc, Petrofac Limited and Johnson Matthey.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Blue Hydrogen Market Insights
4.1. Blue Hydrogen Market - Industry Snapshot
4.2. Blue Hydrogen Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising government initiatives toward clean energy sources
4.2.1.2. Increasing regulations concerning GHG emissions
4.2.2. Restraints and Challenges
4.2.2.1. Energy loss during hydrogen production
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Blue Hydrogen Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Blue Hydrogen Market, by Technology
5.1. Key Findings
5.2. Introduction
5.2.1. Global Blue Hydrogen, by Technology, 2018 - 2030 (USD Billion)
5.3. Steam Methane Reforming
5.3.1. Global Blue Hydrogen Market, by Steam Methane Reforming, by Region, 2018 - 2030 (USD Billion)
5.4. Gas Partial Oxidation
5.4.1. Global Blue Hydrogen Market, by Gas Partial Oxidation, by Region, 2018 - 2030 (USD Billion)
5.5. Auto Thermal Reforming
5.5.1. Global Blue Hydrogen Market, by Auto Thermal Reforming, by Region, 2018 - 2030 (USD Billion)

6. Global Blue Hydrogen Market, by End-User
6.1. Key Findings
6.2. Introduction
6.2.1. Global Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
6.3. Petroleum Refiners
6.3.1. Global Blue Hydrogen Market, by Petroleum Refiners, by Region, 2018 - 2030 (USD Billion)
6.4. Chemical Industry
6.4.1. Global Blue Hydrogen Market, by Chemical Industry, by Region, 2018 - 2030 (USD Billion)
6.5. Power Generation Facilities
6.5.1. Global Blue Hydrogen Market, by Power Generation Facilities, by Region, 2018 - 2030 (USD Billion)
6.6. Others
6.6.1. Global Blue Hydrogen Market, by Others, by Region, 2018 - 2030 (USD Billion)

7. Global Blue Hydrogen Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Blue Hydrogen Market Assessment, By Geography, 2018 - 2030 (USD Billion)
7.3. Blue Hydrogen Market - North America
7.3.1. North America: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.3.2. North America: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.3.3. Blue Hydrogen Market - U.S.
7.3.3.1. U.S.: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.3.3.2. U.S.: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.3.4. Blue Hydrogen Market - Canada
7.3.4.1. Canada: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.3.4.2. Canada: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4. Blue Hydrogen Market - Europe
7.4.1. Europe: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.2. Europe: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.3. Blue Hydrogen Market - UK
7.4.3.1. UK: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.3.2. UK: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.4. Blue Hydrogen Market - France
7.4.4.1. France: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.4.2. France: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.5. Blue Hydrogen Market - Germany
7.4.5.1. Germany: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.5.2. Germany: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.6. Blue Hydrogen Market - Italy
7.4.6.1. Italy: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.6.2. Italy: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.7. Blue Hydrogen Market - Spain
7.4.7.1. Spain: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.7.2. Spain: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.8. Blue Hydrogen Market - Netherlands
7.4.8.1. Netherlands: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.8.2. Netherlands: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.4.9. Blue Hydrogen Market - Russia
7.4.9.1. Russia: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.4.9.2. Russia: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5. Blue Hydrogen Market - Asia Pacific
7.5.1. Asia Pacific: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.2. Asia Pacific: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5.3. Blue Hydrogen Market - China
7.5.3.1. China: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.3.2. China: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5.4. Blue Hydrogen Market - India
7.5.4.1. India: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.4.2. India: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5.5. Blue Hydrogen Market - Malaysia
7.5.5.1. Malaysia: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.5.2. Malaysia: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5.6. Blue Hydrogen Market - Japan
7.5.6.1. Japan: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.6.2. Japan: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5.7. Blue Hydrogen Market - Indonesia
7.5.7.1. Indonesia: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.7.2. Indonesia: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.5.8. Blue Hydrogen Market - South Korea
7.5.8.1. South Korea: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.5.8.2. South Korea: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.6. Blue Hydrogen Market - Middle East & Africa
7.6.1. Middle East & Africa: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.6.3. Blue Hydrogen Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.6.3.2. Saudi Arabia: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.6.4. Blue Hydrogen Market - UAE
7.6.4.1. UAE: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.6.4.2. UAE: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.6.5. Blue Hydrogen Market - Israel
7.6.5.1. Israel: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.6.5.2. Israel: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.6.6. Blue Hydrogen Market - South Africa
7.6.6.1. South Africa: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.6.6.2. South Africa: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.7. Blue Hydrogen Market - Latin America
7.7.1. Latin America: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.7.2. Latin America: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.7.3. Blue Hydrogen Market - Mexico
7.7.3.1. Mexico: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.7.3.2. Mexico: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.7.4. Blue Hydrogen Market - Brazil
7.7.4.1. Brazil: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.7.4.2. Brazil: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)
7.7.5. Blue Hydrogen Market - Argentina
7.7.5.1. Argentina: Blue Hydrogen Market, by End-User, 2018 - 2030 (USD Billion)
7.7.5.2. Argentina: Blue Hydrogen Market, by Technology, 2018 - 2030 (USD Billion)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. ExxonMobil Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Air Products and Chemicals
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Aker Solutions
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Dastur Energy
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Topsoe
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Shell Plc
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Lindle Plc
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Petrofac Limited
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Technip Energies
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Johnson Matthey
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Thyssenkrupp AG
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Xebec Corporation
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Aquaterra Energy Limited
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. The State Atomic Energy
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. ENGIE Group
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Toshiba Energy System
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Uniper SE
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development
9.18. Hydrogain Technology
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Recent Development

Companies Mentioned

  • ExxonMobil Corporation
  • Air Products and Chemicals Inc.
  • Aker Solutions
  • Dastur Energy
  • Topsoe
  • Shell Plc
  • Lindle Plc
  • Petrofac Limited
  • Technip Energies N.V.
  • Johnson Matthey
  • Thyssenkrupp AG
  • Xebec Corporation
  • Aquaterra Energy Limited
  • The State Atomic Energy Corporation
  • ENGIE Group
  • Toshiba Energy System and Solution Corp.
  • Uniper SE
  • Hydrogain Technology Inc.