Blue Hydrogen Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Blue Hydrogen Market Size- By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: CHEM2448 | Pages: 1 - 211 | Formats*: |
| Category : Chemical & Materials | |||
Blue Hydrogen Market Introduction and Overview
According to SPER Market Research, the Global Blue Hydrogen Market is estimated to reach USD 62.70 billion by 2033 with a CAGR of 12.11%.
The report includes an in-depth analysis of the Global Blue Hydrogen Market, including market size and trends, product mix, Applications, and supplier analysis. Blue hydrogen is created when natural gas is used, and carbon capture and storage is utilized. Captured CO2 is kept underground for permanent storage during the production process. Low-carbon hydrogen with no CO2 emissions is the product. Nowadays, a variety of processes are employed to create hydrogen, such as auto thermal reforming, coal gasification, partial oxidation of oil, and steam methane reforming. Petroleum refineries and fertilizer production facilities use most of the hydrogen produced today. Hydrogen finds several uses in various fields, such as energy storage, fuel cell cars, and industrial feedstock. Since it has proven to be the most cost-effective technique, fossil fuel reformation accounts for almost of it.
- In March 2022: The new liquid hydrogen production facility in Casa Grande, Arizona, is being built and run, according to an announcement made by Air Products Inc. It is planned to become operational by 2023 and be a zero-carbon liquid hydrogen facility.
- In January 2022: A contract for the building and delivery of a 24 MW hydrogen plant has been signed by Linde plc and Yara.
Market Opportunities and Challenges
Due to the expanding government initiative to decarbonize chemical manufacturing and the growing demand for blue hydrogen in chemical production, this market is expected to increase. Additionally, chances for market expansion are anticipated due to the expanding development of blue hydrogen generation technologies. Growing use of carbon capture, utilization, and storage (CCUS) technology is one of the blue hydrogen market's most recent trends. The fact that blue hydrogen is generated from natural gases using carbon capture and storage (CCS), which has various advantages for chemical synthesis, is the reason for the rising demand for it. To comply with these regulations and lessen their environmental impact, chemical firms can use blue hydrogen. Since methane leaks during blue hydrogen synthesis contribute to global warming, the presence of methane, a greenhouse gas, in natural gas severely hampers market profit growth. Carbon dioxide emissions are also produced, and the growth of the blue hydrogen market's revenue is constrained using natural gas to provide the substantial energy needed to produce blue hydrogen. Market difficulties are going to arise from methane leaks. One major disadvantage of the blue hydrogen market is that methane is harmful to humans. The existence of a strong infrastructure that can facilitate the transportation and distribution of hydrogen to end consumers is a crucial prerequisite for the blue hydrogen market's prosperity, making it an extremely challenging task.
Market Competitive Landscape
Important businesses use several mergers and acquisitions to try to increase their market share in a specific area. Sometimes, to boost sales, businesses develop technological alliances and partnerships to create cutting-edge products with exceptional performance features. Air Liquide S.A, Air Products and Chemicals Inc, Aker Solutions ASA, Aquaterra Energy Ltd, Bp P.L.C, Dastur Energy, ExxonMobil Corporation, INEOS Group Limited, Johnson Matthey, and Linde plc are a few of the top companies in the sector.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By End-User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Air Liquide S.A, Air Products and Chemicals Inc, Aker Solutions ASA, Aquaterra Energy Ltd, Bp P.L.C, Dastur Energy, ExxonMobil Corporation, INEOS Group Limited, Johnson Matthey, and Linde plc. |
COVID-19 Impact on Global Blue Hydrogen Market
The COVID-19 epidemic has caused supply chain disruptions for essential parts, machinery, and supplies, which has impacted the building and development of the blue hydrogen project and caused delays in project completion. Notwithstanding, the industry landscape was shaped by the financing and funding of extensive infrastructure projects as well as the growing global consciousness regarding environmental sustainability and climate change. Due to the brief pause in manufacturing, COVID-19 had a moderate impact on the expansion of the blue hydrogen sector overall. The industry's expansion was spurred, nevertheless, by the growing need for blue hydrogen in transportation. The world economy has been badly damaged by COVID-19, which has had a disastrous effect on international trade.
Key Target Audience:
- Governments and policymakers
- Energy companies
- Industrial companies
- Transportation companies
- Investors
Our in-depth analysis of the Blue Hydrogen Market includes the following segments:
| By Technology: |
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| By End-User: |
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| By Region: |
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Key Topics Covered in the Report:
- Global Blue Hydrogen Market Size (FY’2024-FY’2033)
- Overview of Global Blue Hydrogen Market
- Segmentation of Global Blue Hydrogen Market By Technology (Steam Methane Reforming, Gas Partial Oxidation, Auto Thermal Reforming)
- Segmentation of Global Blue Hydrogen Market By End-User (Petroleum Refineries, Chemical Industry, Power Generation Facilities, Others)
- Statistical Snap of Global Blue Hydrogen Market
- Expansion Analysis of Global Blue Hydrogen Market
- Problems and Obstacles in Global Blue Hydrogen Market
- Competitive Landscape in the Global Blue Hydrogen Market
- Impact of COVID-19 and Demonetization on Global Blue Hydrogen Market
- Details on Current Investment in Global Blue Hydrogen Market
- Competitive Analysis of Global Blue Hydrogen Market
- Prominent Players in the Global Blue Hydrogen Market
- SWOT Analysis of Global Blue Hydrogen Market
- Global Blue Hydrogen Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Blue Hydrogen Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Blue Hydrogen Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Blue Hydrogen Market
7. Global Blue Hydrogen Market, By Technology (USD Million) 2020-2033
7.1. Global Blue Hydrogen Market Size, Share and Forecast, By Technology, 2020-20267.2. Global Blue Hydrogen Market Size, Share and Forecast, By Technology, 2027-20337.3. Steam Methane Reforming7.4. Gas Partial Oxidation7.5. Auto Thermal Reforming
8. Global Blue Hydrogen Market, By End-User (USD Million) 2020-2033
8.1. Global Blue Hydrogen Market Size, Share and Forecast, By End-User, 2020-20268.2. Global Blue Hydrogen Market Size, Share and Forecast, By End-User, 2027-20338.3. Petroleum Refineries8.4. Chemical Industry8.5. Power Generation Facilities8.6. Others
9. Global Blue Hydrogen Market Forecast, 2020-2033 (USD Million)
9.1. Global Blue Hydrogen Market Size and Market Share
10. Global Blue Hydrogen Market, By Region, 2020-2033 (USD Million)
10.1. Global Blue Hydrogen Market Size and Market Share By Region (2020-2026)10.2. Global Blue Hydrogen Market Size and Market Share By Region (2027-2033)10.3. Asia-Pacific10.3.1. Australia10.3.2. China10.3.3. India10.3.4. Japan10.3.5. South Korea10.3.6. Rest of Asia-Pacific10.4. Europe10.4.1. France10.4.2. Germany10.4.3. Italy10.4.4. Spain10.4.5. United Kingdom10.4.6. Rest of Europe10.5. Middle East and Africa10.5.1. Kingdom of Saudi Arabia10.5.2. United Arab Emirates10.5.3. Qatar10.5.4. South Africa10.5.5. Egypt10.5.6. Morocco10.5.7. Nigeria10.5.8. Rest of Middle-East and Africa10.6. North America10.6.1. Canada10.6.2. Mexico10.6.3. United States10.7. Latin America10.7.1. Argentina10.7.2. Brazil10.7.3. Rest of Latin America
11. Company Profile
11.1. Air Liquide S.A,11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Air Products and Chemicals Inc11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Aker Solutions ASA11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Aquaterra Energy Ltd11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Bp P.L.C11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Dastur Energy11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. ExxonMobil Corporation11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. INEOS Group Limited11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Johnson Matthey11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Linde plc11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Blue Hydrogen Market is projected to reach USD 62.70 billion by 2033, growing at a CAGR of 12.11% during the forecast period.
Blue Hydrogen Market size from 2022. The Market is expected to reach USD 62.70 billion by 2033, at a CAGR of 12.11% during the forecast period.
Blue Hydrogen Market CAGR of 12.11% during the forecast period.
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Blue Hydrogen Market size is 62.70 billion from 2024 to 2033.
Blue Hydrogen Market Segment is covered By Technology, By End-User.
The North America anticipated to have the highest market share in the Blue Hydrogen Market.
The key players in the market include Companies Covered Air Liquide S.A, Air Products and Chemicals Inc, Aker Solutions ASA, Aquaterra Energy Ltd, Bp P.L.C, Dastur Energy, ExxonMobil Corporation, INEOS Group Limited, Johnson Matthey, and Linde plc.
fuel cell cars, and industrial feedstock. Since it has proven to be the most cost-effective technique, fossil fuel reformation accounts for almost of it.
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