Press release
Natural Gas Hydrogen Production Market Overview Analysis, Trends, Share, Size, Type & Future Forecast to 2032
Natural Gas Hydrogen Production Market
In both the chemicals and oil & gas industries, hydrogen is essential. Blue hydrogen, grey hydrogen, and green hydrogen are the three forms of hydrogen that are extracted through diverse procedures. Grey hydrogen is produced from fossil fuel sources without using the carbon capture and storage procedure. Moreover, as a consequence of this form of hydrogen, carbon dioxide is released into the environment.
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The term "blue hydrogen" refers to natural gas-derived hydrogen that is backed by carbon capture and storage. The CO2 produced during the production process is caught and kept underground forever. As a result, no CO2 is produced and low-carbon hydrogen is produced. Blue hydrogen is frequently promoted as a low-carbon fuel for heating buildings, powering cars, trucks, and trains, as well as generating electricity and storing energy.
Green hydrogen is produced using low-carbon or renewable energy sources. When compared to grey hydrogen, which is made by steam reforming natural gas and accounts for the majority of the hydrogen market, green hydrogen has much lower carbon emissions. Green hydrogen can be utilised as a fuel in industries like shipping and transportation to help reduce carbon emissions. as in manufacturing sectors like steel and chemicals, where it may serve as both a fuel and a significant raw material.
Under the net zero emissions scenario, where global hydrogen production is anticipated to reach 200 metric tonnes in 2030, the main factors propelling the market growth for hydrogen generation. Almost 70% of hydrogen will reportedly be produced in 2030 using low-carbon methods like electrolysis. The amount of hydrogen produced is anticipated to reach 500 metric tonnes by 2050. The government's increased funding of various technologies to boost hydrogen extraction effectiveness is anticipated to fuel market expansion. One of the main technological pillars to decarbonize the global energy system is energy efficiency. Other significant pillars are electrification, renewable energy, hydrogen and hydrogen-based fuels, and carbon capture, use, and storage.
Market Segmentation
Global Natural Gas Hydrogen Production Market: Segmentations
Global Natural Gas Hydrogen Production Market: By Types
Steam Reforming to Hydrogen Production
Partial Oxidation Reforming of Natural Gas to Hydrogen Production
Autothermal Reforming Hydrogen Production
Catalytic Eecomposition of Hydrogen Production
Global Natural Gas Hydrogen Production Market: By Applications
Chemical
Oil Refining
General Industry
Transportation
Metal Working
Global Natural Gas Hydrogen Production Market: Major Players
Haldor Topsoe
Cnmec
Chemchina
Air Liquide
IN-Power Renewable Energy
Linde Group
Mahler-ags
ACTO
Woodside
Hygear
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Global Natural Gas Hydrogen Production Market: By Regions
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Natural Gas Hydrogen Production market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Natural Gas Hydrogen Production would help in identifying future applications in this market.
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