Press release
Blue Hydrogen Market Competitive Research And Precise Outlook 2023 To 2030 - Air Liquide S.A. (France), Linde plc (Ireland), Air Products and Chemicals, Inc. (U.S)
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Blue Hydrogen is a type of hydrogen that is produced by extracting the gas from natural gas. The process of extracting the gas is called methane cracking, and it produces a gas that is 99.999% pure hydrogen. The main advantage of blue hydrogen is that it can be produced without emitting any carbon dioxide, making it a very clean and environmentally friendly fuel.
Key Trends
One of the most important is the increasing use of blue hydrogen in the transportation sector. This is because blue hydrogen is a cleaner and more efficient fuel than traditional petrol or diesel.
Another key trend in blue hydrogen technology is the increasing use of blue hydrogen in power generation. This is because blue hydrogen is a cleaner and more efficient fuel than natural gas or coal.
Finally, another key trend in blue hydrogen technology is the increasing use of blue hydrogen in the chemical industry.
This is because blue hydrogen is a cleaner and more efficient fuel than traditional fossil fuels. It produces far less emissions than these fuels, and so is better for the environment. Additionally, blue hydrogen is much cheaper to produce than traditional fossil fuels, making it a more cost-effective fuel option for these industries.
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Market Segmentation:
Blue Hydrogen Market is segmented into technology, end use and region. Based on technology the market is categorized into Steam Methane Reforming, Autothermal Reforming, Gas Particle Oxidation. On the basis of end use, it is further segmented into Power Generation, Chemical Industries, Petroleum Refinery and Others. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .
Key Players:
The Blue Hydrogen Market Report includes players such as Air Liquide S.A. (France), Linde plc (Ireland), Air Products and Chemicals, Inc. (U.S), Equinor ASA (Norway), Siemens Energy AG (Germany), Engie SA (France), Mitsubishi Power, Ltd. (Japan), Wood PLC (U.S), ABB Ltd. (Switzerland) and Repsol S.A. (Spain), among others
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Key Drivers
The main drivers behind the growth of blue hydrogen are:
The need to decarbonize the hydrogen production process
The abundance of natural gas
The relatively low cost of natural gas
The technical feasibility of using natural gas to produce hydrogen
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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