Blue Hydrogen Market Size- By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Blue Hydrogen Market Introduction and Overview
According to SPER Market Research, ‘Blue Hydrogen Market By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033′ states that the Global Blue Hydrogen market is estimated to reach USD 62.70 billion by 2032 with a CAGR of 12.11%.
Blue hydrogen is created by steam methane reforming natural gas (SMR). Natural gas, catalyst, and extremely hot steam are combined in this steam methane reforming process. Carbon monoxide and hydrogen are produced by a subsequent chemical reaction. When this mixture is mixed with water, carbon monoxide is transformed into carbon dioxide and more hydrogen. When carbon dioxide emissions are subterraneous absorbed and stored, the process is deemed CO2-neutral, and the hydrogen produced is referred to as Blue Hydrogen.
Delays in project completion and construction of the blue hydrogen project have resulted from the COVID-19 epidemic’s impact on the supply chain for necessary equipment, materials, and parts. Still, large-scale infrastructure funding and the increasing worldwide awareness of environmental sustainability and climate change transformed the industry landscape.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Technology, By End-User
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredAir Liquide S.A, Air Products and Chemicals Inc, Aker Solutions ASA, Aquaterra Energy Ltd, Bp P.L.C, Dastur Energy, ExxonMobil Corporation, INEOS Group Limited, Johnson Matthey, and Linde plc.
Global Blue Hydrogen Market Segmentation:By Technology:Based on the Technology, Global Blue Hydrogen Market is segmented as; Steam Methane Reforming, Gas Partial Oxidation, Auto Thermal Reforming.
By End-User: Based on the End-User, Global Blue Hydrogen Market is segmented as; Petroleum Refineries, Chemical Industry, Power Generation Facilities, Others.
By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.