Blue Hydrogen Market Expansion Continues, with Forecast Valuation of $33.18 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Blue Hydrogen Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, there has been a swift expansion in the size of the blue hydrogen market. The market, which is expected to be $18.64 billion in 2024, is predicted to surge to $20.96 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.4%. The significant growth observed in the historic timeframe is due to factors such as government initiatives and grants, advancements in technology, concerns over energy security, environmental regulations, industry demand, the supply of natural gas, public consciousness, and pressure.

Blue Hydrogen Market Size Forecast: What's the Projected Valuation by 2029?
The market size for blue hydrogen is predicted to experience a significant increase in years to come, reaching $33.18 billion by 2029, with a 12.2% compound annual growth rate (CAGR). This anticipated growth in the blue hydrogen market during the forecast period is believed to be due to a surge in R&D investment, rising carbon pricing, the development of hydrogen infrastructure, decreasing costs in production technology, increasing renewable energy capacity, global collaboration, and the business objectives towards sustainability. Key trends during this period are expected to be processes of hydrogen production, its integration with renewable energy, growth in the transportation industry, an uptick in power generation usage, technological advancements in storage and distribution, scale-up of hydrogen projects, and partnerships across various industries.

View the full report here:
https://www.thebusinessresearchcompany.com/report/blue-hydrogen-global-market-report

What Are the Drivers Transforming the Blue Hydrogen Market?
The burgeoning need for chemical production is set to stimulate the expansion of the blue hydrogen market. Chemical production refers to an industrial process that converts raw resources into chemical products via chemical reactions and procedures. This escalating demand is attributed to growing industrial sectors and the escalating demand for innovative materials and solutions across a range of industries. Blue hydrogen is becoming increasingly popular in chemical production owing to its status as a more environmentally-friendly alternative to conventional sources of hydrogen. It is primarily utilized as a raw material in processes like ammonia production, where hydrogen plays a pivotal role. For example, the International Energy Agency (IEA), an autonomous intergovernmental organization headquartered in France, reported in October 2023 that global ammonia production will account for roughly 2% (8.6 EJ) of the total final energy consumption. Moreover, the production of ammonia is anticipated to surge by almost 40% by 2050. Hence, the rising demand for chemical production is set to catalyze the blue hydrogen market's growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17099&type=smp

What Long-Term Trends Will Define the Future of the Blue Hydrogen Market?
Leading firms in the blue hydrogen market are innovating production methods by integrating low-carbon hydrogen (LCH) technology. This development aims to increase efficiency, minimize carbon emissions, and align operations with international sustainability objectives. LCH technology in blue hydrogen production combines natural gas reforming with carbon capture and storage (CCS), thereby mitigating greenhouse gas emissions and promoting green hydrogen production. For example, in October 2023, Johnson Matthey, a prominent UK-based provider of eco-friendly technologies, formed a licensing and engineering partnership with BP p.l.c., a renowned UK oil and gas organization. This collaboration involves applying Johnson Matthey's LCH technology at BP's proposed primary low-carbon (blue) hydrogen facility in Teesside, England, called H2Teesside. This solution marries a gas-heated reformer with an autothermal reformer (GHR-ATR) and provides the industry's peak efficiency in using natural gas and enables up to 99% capture of CO2 emissions. Consequently, H2Teesside is well-positioned to attain the lowest levelized cost of hydrogen (LCOH) and the highest carbon efficiency among the current blue hydrogen production technologies.

Which Segments in the Blue Hydrogen Market Offer the Most Profit Potential?
The blue hydrogen 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

Subsegments:
1) By Steam Methane Reforming (SMR): Traditional SMR, SMR With Carbon Capture And Storage (CCS)
2) By Gas Partial Oxidation (POX): Coal Gasification With POX, Natural Gas POX
3) By Auto Thermal Reforming (ATR): ATR With Carbon Capture And Storage (CCS), ATR Without CCS

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=17099&type=smp

Which Firms Dominate the Blue Hydrogen Market by Market Share and Revenue in 2025?
Major companies operating in the blue hydrogen 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.

Which Regions Offer the Highest Growth Potential in the Blue Hydrogen Market?
North America was the largest region in the blue hydrogen market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the blue hydrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17099

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.