Global Blue Hydrogen Market 2024-2028

Global Blue Hydrogen Market 2024-2028

The blue hydrogen market is forecasted to grow by USD 16.06 bn during 2023-2028, accelerating at a CAGR of 13.75% during the forecast period. The report on the blue hydrogen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government focus on adoption of clean hydrogen, advancements in hydrogen technologies, and rising demand for blue hydrogen from chemical sector.

Technavio's blue hydrogen market is segmented as below:

By Technology

• Steam methane reforming
• Gas partial oxidation
• Auto thermal reforming

By End-user

• Petroleum refinery
• Chemical industry
• Power generation
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the growing adoption of fuel cell-powered vehicles as one of the prime reasons driving the blue hydrogen market growth during the next few years. Also, development of regional hydrogen hubs and clusters and growing investments by vendors in hydrogen production will lead to sizable demand in the market.

The report on the blue hydrogen market covers the following areas:

• Blue hydrogen market sizing
• Blue hydrogen market forecast
• Blue hydrogen market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blue hydrogen market vendors that include Air Liquide SA, Air Products and Chemicals Inc., Ceres Power Holdings plc, CERTIFHY CONSORTIUM, Chart Industries Inc., Cummins Inc., Equinor ASA, Exxon Mobil Corp., Iwatani Corp., Linde Plc, Messer SE and Co. KGaA, Mitsubishi Corp., Nel ASA, Orsted AS, Shell plc, Siemens AG, and Uniper SE. Also, the blue hydrogen market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.