Press release
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)
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.
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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
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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