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Blue Hydrogen Market is projected to reach $12.2 billion by 2032 - Air Liquide S.A. (France), Linde plc (Ireland), Air Products and Chemicals, Inc. (U.S), Equinor ASA (Norway)

10-11-2023 09:29 PM CET | Energy & Environment

Press release from: Global Insight Services

Blue Hydrogen Market is projected to reach $12.2 billion by 2032 -

The global blue hydrogen market size was valued at $1.2 billion in 2022, and blue hydrogen industry is projected to reach $12.2 billion by 2032, growing at a CAGR of 26.6% from 2023 to 2032.

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.

Read more about Blue Hydrogen market here: https://www.globalinsightservices.com/reports/blue-hydrogen-market/

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.

Request for a sample data and methodology of Report -https://www.globalinsightservices.com/request-sample/GIS10066/

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

Market Segments:

By Technology

- Steam Methane Reforming
- Autothermal Reforming
- Gas Particle Oxidation

By End-Use

- Power Generation
- Chemical Industries
- Petroleum Refinery
- Others

Key Players:

- Royal Dutch Shell
- ExxonMobil
- Total SA
- Chevron Corporation
- BP plc

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With Global Insight Services, you receive:

- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

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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