Press release
Blue Hydrogen Market Size, Share Analysis, Industry Report By 2033
Blue Hydrogen Market Size
As per the report, the blue hydrogen market size has grown rapidly in recent years. It will grow from $16.62 billion in 2023 to $18.64 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The blue hydrogen market size is expected to see rapid growth in the next few years. It will grow to $29.61 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
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What Is Driving The Growth Of The Global Blue Hydrogen Market?
Rising Chemical Production Demand To Drive Blue Hydrogen Market Growth
The increasing demand for chemical production is expected to propel the growth of the blue hydrogen market going forward. Chemical production is the industrial process of transforming raw materials into chemical products through chemical reactions and processes. The growing demand for chemical production stems from expanding industrial sectors, and the rising need for innovative materials and solutions across various industries. Blue hydrogen is gaining traction in chemical production due to its role as a cleaner alternative to traditional hydrogen sources. It is used primarily as a feedstock in processes such as ammonia production, where hydrogen is a critical component
What Is The Key Trend In The Global Blue Hydrogen Market?
Advancements In Low-Carbon Hydrogen (LCH) Technology In The Blue Hydrogen Market
Major companies operating in the blue hydrogen market are advancing production technologies with low-carbon hydrogen (LCH) technology to enhance efficiency and reduce carbon emissions, aligning with global sustainability goals. LCH technology for blue hydrogen production integrates natural gas reforming with carbon capture and storage (CCS) to reduce greenhouse gas emissions, enhancing sustainability in hydrogen production.
How Is The Global Blue Hydrogen Market Segmented?
The blue hydrogen market market covered in this report is segmented -
1) By Technology: Steam Methane Reforming (SMR), Gas Partial Oxidation (POX), Auto Thermal Reforming (ATR)
2) By Transportation Mode: Pipeline, Cryogenic Liquid Tankers
3) By End User: Petroleum Refineries, Chemical Industry, Power Generation Facilities, Other End Users
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How Is The Competitive Landscape Of The Global Blue Hydrogen Market?
Major companies operating in the blue hydrogen market market are Saudi Arabian Oil Company (Saudi Aramco), Exxon Mobil Corporation, Royal Dutch Shell PLC, Uniper SE, TotalEnergies SE, BP Plc, Chevron Corporation, Mitsubishi Corporation, Equinor ASA, Reliance Industries Ltd., Repsol S.A., Engie SA, ConocoPhillips, Suncor Energy Inc., Linde Plc, Cummins Inc., Air Products Inc., Toshiba Energy Systems & Solutions Corp., ATCO Ltd., Air Liquide S.A., Siemens Energy (Siemens AG), FuelCell Energy Inc.
Contents Of The Global Blue Hydrogen Market
1. Executive Summary
2. Blue Hydrogen Market Report Structure
3. Blue Hydrogen Market Trends And Strategies
4. Blue Hydrogen Market - Macro Economic Scenario
5. Blue Hydrogen Market Size And Growth
…..
27. Blue Hydrogen Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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