Blue Hydrogen Market, By Product Type (Steam Methane Reforming, Gas Partial Oxidation, and Auto Thermal Reforming), By Application (Petroleum Refineries, Chemical Industry, Power Generation Facilities, and Others), By Transportation Mode (Pipeline and Cry

Blue Hydrogen Market, By Product Type (Steam Methane Reforming, Gas Partial Oxidation, and Auto Thermal Reforming), By Application (Petroleum Refineries, Chemical Industry, Power Generation Facilities, and Others), By Transportation Mode (Pipeline and Cryogenic Liquid Tankers), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Blue hydrogen is produced from natural gas through steam methane reforming combined with carbon capture and storage technologies. It has lower carbon footprint compared to grey hydrogen produced from natural gas. Rising focus on decarbonization of industries and need to reduce dependence on fossil fuels are the key factors driving the demand for blue hydrogen. However, the high capital cost of carbon capture technologies remains a challenge for the wide adoption of blue hydrogen currently. With ongoing technological advancements and supportive policies, the blue hydrogen market is anticipated to grow substantially over the next decade.

Market Dynamics

The global blue hydrogen market is driven by several factors such as stringent emission norms, carbon neutrality pledges of various nations, and focus on developing a hydrogen economy. However, high capital cost of carbon capture technologies acts as a key restraint. Various countries and industry players have announced partnerships and investments to develop large-scale blue hydrogen production facilities using natural gas as a feedstock. For instance, the European Union’s hydrogen strategy aims to install at least 6 GW of low-carbon hydrogen electrolyzes and produce 1 million tons of renewable and low carbon hydrogen by 2024. Another major opportunity is the adoption of blue hydrogen for the transportation sector including trucks, buses, and ships. However, building required infrastructure remains a challenge.

Key Features of the Study

• This report provides in-depth analysis of the global blue hydrogen market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global blue hydrogen market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Air Products and Chemicals, Inc., Linde plc, Shell Global, Chevron Corporation, Equinor ASA, Siemens Energy AG, Mitsubishi Heavy Industries, Ltd., TotalEnergies SE, BP plc, RWE AG, ENGIE S.A., Iwatani Corporation, Aker Solutions ASA, Wood plc, and thyssenkrupp AG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global blue hydrogen market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global blue hydrogen market

Market Segmentation

• By Product Type Insights (Revenue, USD Bn, 2019 - 2031)
• Steam Methane Reforming (SMR)
• Gas Partial Oxidation (POX)
• Auto Thermal Reforming (ATR)
• By Application Insights (Revenue, USD Bn, 2019 - 2031)
• Petroleum Refineries
• Chemical Industry
• Power Generation Facilities
• Others
• By Transportation Mode Insights (Revenue, USD Bn, 2019 - 2031)
• Pipeline
• Cryogenic Liquid Tankers
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Air Products and Chemicals, Inc.
• Linde plc
• Shell Global
• Chevron Corporation
• Equinor ASA
• Siemens Energy AG
• Mitsubishi Heavy Industries, Ltd.
• TotalEnergies SE
• BP plc
• RWE AG
• ENGIE S.A.
• Iwatani Corporation
• Aker Solutions ASA
• Wood plc
• thyssenkrupp AG