Blue Hydrogen Market Report: Trends, Forecast and Competitive Analysis to 2030

Blue Hydrogen Market Report: Trends, Forecast and Competitive Analysis to 2030

Blue Hydrogen Trends and Forecast

The future of the global blue hydrogen market looks promising with opportunities in the petroleum refinery, chemical, and power generation facility markets. The global blue hydrogen market is expected to reach an estimated $36.5 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are growing demand for fuel cell-based electric vehicles and rising concern towards carbon emission in environment.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Blue Hydrogen by Segment

The study includes a forecast for the global blue hydrogen by technology, application, and region.

Blue Hydrogen Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Steam Methane Reforming (SMR)
• Gas Partial Oxidation (POX)
• Auto Thermal Reforming (ATR)

Blue Hydrogen Market by Application [Shipment Analysis by Value from 2018 to 2030]:

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

Blue Hydrogen Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Blue Hydrogen Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies blue hydrogen companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the blue hydrogen companies profiled in this report include-

• Shell
• Linde
• Air Products and Chemicals
• Aker Solutions
• ExxonMobil

Blue Hydrogen Market Insights

Lucintel forecasts that steam methane reforming will remain the largest segment over the forecast period.

Within this market, petroleum refinery will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Blue Hydrogen Market

Market Size Estimates: Blue hydrogen market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Blue hydrogen market size by technology, application, and region in terms of value ($B).

Regional Analysis: Blue hydrogen market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, applications, and regions for the blue hydrogen market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the blue hydrogen market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the blue hydrogen market size?

Answer: The global blue hydrogen market is expected to reach an estimated $36.5 billion by 2030.

Q2. What is the growth forecast for blue hydrogen market?

Answer: The global blue hydrogen market is expected to grow with a CAGR of 10.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the blue hydrogen market?

Answer: The major drivers for this market are growing demand for fuel cell-based electric vehicles and rising concern towards carbon emission in environment.

Q4. What are the major segments for blue hydrogen market?

Answer: The future of the blue hydrogen market looks promising with opportunities in the petroleum refinery, chemical, and power generation facility markets.

Q5. Who are the key blue hydrogen market companies?

Answer: Some of the key blue hydrogen companies are as follows:

• Shell
• Linde
• Air Products and Chemicals
• Aker Solutions
• ExxonMobil

Q6. Which blue hydrogen market segment will be the largest in future?

Answer: Lucintel forecasts that steam methane reforming will remain the largest segment over the forecast period.

Q7. In blue hydrogen market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the blue hydrogen market by technology (steam methane reforming, gas partial oxidation, and auto thermal reforming), application (petroleum refineries, chemical industry, power generation facilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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