According to the report the global blue hydrogen market reached a volume of 1.84 Million Tonnes in 2022. Aided by the ever-growing call for sustainable energy alternatives and the progressive application of blue hydrogen in a multitude of sectors, the market is projected to further grow at a CAGR of 12.32% between 2023 and 2028 to reach a volume of 3.45 Million Tonnes by 2028.
Blue hydrogen, primarily generated from natural gas through steam-methane reforming (SMR) while capturing and storing carbon emissions, is being widely recognised as a crucial bridge to a greener, more sustainable energy future. Besides its potential role in decarbonising energy systems, blue hydrogen also provides significant flexibility and storage capacity, positioning it as a critical element in achieving energy security and grid reliability.
The intensifying global inclination towards sustainable energy solutions is the key propellant for the blue hydrogen market development. With increasing cognisance of the deleterious impacts of climate change, there is a significant shift towards low-carbon energy sources, triggering a spike in the demand for blue hydrogen. Furthermore, stringent environmental regulations and the concerted global effort to reach net-zero emissions have been instrumental in catalysing the interest in blue hydrogen.
The widening application spectrum of blue hydrogen across various sectors further bolsters global blue hydrogen market growth. In the power generation sector, blue hydrogen serves as a low-carbon alternative to conventional fuels. In the industrial sphere, it plays a crucial role in various processes such as refining, ammonia production, and methanol synthesis, facilitating a reduction in the carbon footprint of these industries. The transportation sector is also embracing blue hydrogen, particularly in heavy-duty vehicles and marine applications, where its high energy density and environmental advantages shine.
Moreover, the burgeoning demand for green alternatives in the heating sector has heightened the focus on blue hydrogen as a practical substitute for natural gas. With the growing emphasis on decarbonising heat, particularly in regions with cold climates, blue hydrogen has emerged as an instrumental element in the creation of hydrogen-based heating systems, thereby reinforcing the market's expansion.
On the technology front, advancements in carbon capture and storage (CCS) have significantly boosted the blue hydrogen market development. Improved efficiency and declining costs have made CCS a more viable solution for managing carbon emissions from hydrogen production, reinforcing blue hydrogen's position in the transition towards a low-carbon energy system.
Furthermore, policy support and government initiatives promoting the hydrogen economy significantly contribute to the blue hydrogen market growth. Numerous countries have included hydrogen, including blue hydrogen, in their national energy strategies and decarbonisation plans, thereby creating a conducive environment for the development and deployment of blue hydrogen technologies.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Blue hydrogen, primarily generated from natural gas through steam-methane reforming (SMR) while capturing and storing carbon emissions, is being widely recognised as a crucial bridge to a greener, more sustainable energy future. Besides its potential role in decarbonising energy systems, blue hydrogen also provides significant flexibility and storage capacity, positioning it as a critical element in achieving energy security and grid reliability.
The intensifying global inclination towards sustainable energy solutions is the key propellant for the blue hydrogen market development. With increasing cognisance of the deleterious impacts of climate change, there is a significant shift towards low-carbon energy sources, triggering a spike in the demand for blue hydrogen. Furthermore, stringent environmental regulations and the concerted global effort to reach net-zero emissions have been instrumental in catalysing the interest in blue hydrogen.
The widening application spectrum of blue hydrogen across various sectors further bolsters global blue hydrogen market growth. In the power generation sector, blue hydrogen serves as a low-carbon alternative to conventional fuels. In the industrial sphere, it plays a crucial role in various processes such as refining, ammonia production, and methanol synthesis, facilitating a reduction in the carbon footprint of these industries. The transportation sector is also embracing blue hydrogen, particularly in heavy-duty vehicles and marine applications, where its high energy density and environmental advantages shine.
Moreover, the burgeoning demand for green alternatives in the heating sector has heightened the focus on blue hydrogen as a practical substitute for natural gas. With the growing emphasis on decarbonising heat, particularly in regions with cold climates, blue hydrogen has emerged as an instrumental element in the creation of hydrogen-based heating systems, thereby reinforcing the market's expansion.
On the technology front, advancements in carbon capture and storage (CCS) have significantly boosted the blue hydrogen market development. Improved efficiency and declining costs have made CCS a more viable solution for managing carbon emissions from hydrogen production, reinforcing blue hydrogen's position in the transition towards a low-carbon energy system.
Furthermore, policy support and government initiatives promoting the hydrogen economy significantly contribute to the blue hydrogen market growth. Numerous countries have included hydrogen, including blue hydrogen, in their national energy strategies and decarbonisation plans, thereby creating a conducive environment for the development and deployment of blue hydrogen technologies.
Market Segmentation
The market can be divided based on technology, end use, and region.Market Breakup by Technology
- Gas Partial Oxidation (POX)
- Auto Thermal Reforming (ATR)
- Steam Methane Reforming (SMR)
Market Breakup by End Use
- Chemical Industry
- Petroleum Refineries
- Power Generation Facilities
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global blue hydrogen companies. Some of the major key players explored in the report are as follows:- Linde plc
- Shell International B.V.
- Air Products and Chemicals, Inc.
- Dastur Energy
- Technip Energies N.V.
- Topsoe A/S
- Aker Solutions ASA
- Thyssenkrupp Uhde GmbH
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Blue Hydrogen Market Analysis
8.1 Key Industry Highlights
8.2 Global Blue Hydrogen Historical Market (2018-2022)
8.3 Global Blue Hydrogen Market Forecast (2023-2028)
8.4 Global Blue Hydrogen Market by Technology
8.4.1 Gas Partial Oxidation (POX)
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Auto Thermal Reforming (ATR)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Steam Methane Reforming (SMR)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Blue Hydrogen Market by End Use
8.5.1 Chemical Industry
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Petroleum Refineries
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Power Generation Facilities
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Blue Hydrogen Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Blue Hydrogen Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Blue Hydrogen Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Blue Hydrogen Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Blue Hydrogen Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Blue Hydrogen Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Linde plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Shell International B.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Air Products and Chemicals, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dastur Energy
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Technip Energies N.V.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Topsoe A/S
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Aker Solutions ASA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Thyssenkrupp Uhde GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Other
16 Key Trends and Developments in the Market
Companies Mentioned
- Linde plc
- Shell International B.V.
- Air Products and Chemicals, Inc.
- Dastur Energy
- Technip Energies N.V.
- Topsoe A/S
- Aker Solutions ASA
- Thyssenkrupp Uhde GmbH
Methodology
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