Blue Hydrogen Market Forecast Through 2030: Insights And Trends For The Future Research Report
The most recent market research report from Emergen Research, titled Global Blue Hydrogen Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories
The global blue hydrogen market size reached USD 1.02 Billion in 2021 and is expected to register a revenue CAGR of 14.8% during the forecast period, according to the latest analysis by Emergen Research. Rapid increases in fuel prices and increasing pollution due to the combustion of fossil fuels are expected to support market revenue growth during 2022–2030.
Rapid climate change due to global warming is expected to increase demand for cleaner alternatives with minimal emissions. According to a recent report by the Intergovernmental Panel on Climate Change (IPCC), greenhouse gas emissions from human activity are responsible for warming the atmosphere by about 1.1° C from 1850 to 1900, and the average global temperature over the next 20 years is projected to be 1.5° C or higher than the pre-industrial levels. Rapid climate change caused by global warming has adversely affected weather patterns, causing irregular rainfalls, droughts, and desertification, thereby reducing agricultural productivity and increasing global hunger rates. This is expected to increase demand for blue hydrogen as an alternative source of energy and thus drive revenue growth in the market during the forecast period.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Royal Dutch Shell plc, Linde plc, Air Products Inc., Cummins Inc., Siemens Energy (Siemens AG), Toshiba Energy Systems & Solutions Corp., Equinor ASA, CertifHy Canada Inc., Xebec Adsorption Inc., and Uniper SE
Target Audience of the Global Blue Hydrogen Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Blue Hydrogen Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Blue Hydrogen market on the basis of product, application, and region:
Segments Covered in this report are:
Technology Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
Steam Methane Reforming (SMR)
Autothermal Reforming (ATR)
Gas Partial Oxidation
End-use Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
Power Generation
Chemical Industries
Petroleum Refinery
Others
Regional Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
BENELUX
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Some Key Highlights From the Report
Gas partial oxidation segment is expected to register a significantly rapid revenue CAGR during the forecast period, due to rising demand for blue hydrogen and declining dependency on fossil fuels to reduce emissions.
Petroleum refinery segment is expected to register a robust revenue growth rate over the forecast period, due to rising demand for natural gas, which is an important raw material for producing blue hydrogen.
North America is expected to register a steady revenue growth rate in the global blue hydrogen market over the forecast period, which can be attributed to strong presence of international and domestic enterprises involved in the production of blue hydrogen, such as CertifHy Canada Inc., Air Products Inc., Xebec Adsorption Inc., and Cummins Inc., among others, in countries in the region.
In January 2021, Uniper SE and PAO NOVATEK signed a Memorandum of Understanding (MoU) to make a joined investigation on the potential for supply of blue and green hydrogen by NOVATEK to Uniper’s power stations and markets in Russia and northwest Europe. Highly industrialized countries including Germany are expected to depend on hydrogen imports, due to rising demand for hydrogen and inadequate production capacities. This partnership with a trusted supplier of natural gas, NOVATEK is expected to help Uniper to develop export capabilities for hydrogen.
Additional information offered by the report:
Along with a complete overview of the global Blue Hydrogen market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Blue Hydrogen market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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