Global Blue Hydrogen market will reach USD $45 billion by 2030, growing by 11.9% annually over 2022-2030
Blue hydrogen is produced mostly from natural gas by using a process called steam reforming, which brings together natural gas and heated water in the form of steam. The output is hydrogen, but carbon dioxide is also produced as a by-product. Hydrogen produced in this way is more environmentally friendly hence it is called "blue" hydrogen. Blue hydrogen is said as an low-carbon fuel that is used for generating electricity, heating buildings, and powering cars, trains, and trucks.
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By technology, the market is sub-divided into Steam Methane Reforming (SMR), Auto-thermal Reforming (ATR) and Partial Oxidation. In 2023, the SMR segment captured the largest share mainly as many governments were considering or implementing policies to support the development of blue hydrogen. These policies included incentives, subsidies, and targets for hydrogen production and utilization.
By application, in 2022 the petroleum refineries captured the largest share followed by chemical industry application. Ongoing research and development were focused on improving the efficiency and reducing the costs associated with blue hydrogen production, including advancements in steam methane reforming and carbon capture and storage technologies.
The report also covers the current competitive scenario, market share analysis and the predicted trend; and profiles key vendors including market leaders and important emerging players. The company profiles includes brief company overview, new products or services, market presence, achievements and awards, Financial Overview, Partnerships and Collaborations, Future Plans and Strategies, key contact information, insights into the company's up-coming expansion plans, upcoming projects, strategic direction and key contact information.
Key companies include Shell Plc, Linde plc, ExxonMobil Corporation, Air Liquide, Air Products Inc., BP P.L.C., Eni, Air Products, Technip Energies N.V., Equinor ASA, Woodside, Maire Tecnimont Spa, Topsoe and others. Exxon Mobil Corp plans to begin operations at its large-scale hydrogen plant in Texas in 2027 or 2028, they said this facility is anticipated to produce 1 billion cubic feet of blue hydrogen daily. Saudi Aramco's plans to produce 11 million tonnes of blue ammonia, a carrier of blue hydrogen, by 2030.
Global Blue Hydrogen Market, By Technology (Trends & Forecasts 2022-2030)
• Steam Methane Reforming (SMR)
• Autothermal Reforming (AT R)
• Partial Oxidation
Global Blue Hydrogen Market, By Application (Trends & Forecasts 2022-2030)
• Power Generation
• Petroleum Refineries
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Global Blue Hydrogen Market, By Region (Trends & Forecasts 2022-2030)
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue (US$ million) are available for 2022-2030. The breakdown of all regional markets by country and the breakdown of each national market by Component, Product Type, and Industry Vertical over the forecast years are also included.
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