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Blue Hydrogen Market

Global Blue Hydrogen Market Size, Price, Growth, Forecast: By Technology: Gas Partial Oxidation (POX), Auto Thermal Reforming (ATR), Steam Methane Reforming (SMR); By End Use: Chemical Industry, Petroleum Refineries, Power Generation Facilities, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Blue Hydrogen Market Outlook

The global blue hydrogen market size reached approximately USD 1.19 billion in 2023. The market is further projected to grow at a CAGR of 10.3% between 2024 and 2032, reaching a value of USD 2.87 billion by 2032.

 

Key Trends in the Market

Blue hydrogen refers to hydrogen produced from natural gas through the process of steam methane reforming. In this process hot steam is mixed with the natural gas and a catalyst. The chemical reaction results in the production of carbon monoxide and hydrogen. Blue hydrogen helps in decarbonising industrial heating and in storing and generating electricity.

 

  • Increasing environmental awareness and rising efforts to reduce emissions is boosting the blue hydrogen market growth. Governments of various countries are encouraging the adoption of clean energy sources including blue hydrogen to combat climate change and reduce emission levels.
  • Rising adoption of fuel cell electronic vehicles is also supporting the market expansion as they are powered by blue hydrogen. Fuel cell electronic vehicles are more efficient that traditional internal combustion engine vehicles as they do not produce harmful tailpipe emissions and only emit warm air and water vapours.
  • Petroleum refineries are increasingly using blue hydrogen as it reduces carbon emissions and is comparatively cost efficient. Utilisation of blue hydrogen also allows for sustainable operation of petroleum refineries and aids them in producing green fuels.

 

Global Blue Hydrogen Market Analysis

On the basis of technology, the market is divided into gas partial oxidation (POX), auto thermal reforming (ATR), and steam methane reforming (SMR). Based on end use, the market is categorised into chemical industry, petroleum refineries, and power generation facilities, among others. On the basis of region, the blue hydrogen market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Linde plc 
  • Shell International B.V. 
  • Air Products and Chemicals, Inc. 
  • Dastur Energy
  • Technip Energies N.V. 
  • Topsoe A/S 
  • Aker Solutions ASA
  • Thyssenkrupp Uhde GmbH
  • Other

 

Market Share by Technology

Steam Methane Reforming (SMR) technology is expected to account for a significant blue hydrogen market share. The methane, in the presence of a catalyst, reacts with steam to produce carbon monoxide, relatively less amount of carbon dioxide, and hydrogen. This growth can be attributed to the ability of the technique to produce high levels of pure hydrogen in an efficient manner and its cost-efficient nature. The produced oxygen can be collected by deploying in-house pressure swing absorption purification.

 

Market Share by Region

North America is anticipated to account for a significant share of the market over the forecast period owing to the rising applications of blue hydrogen in petroleum refineries, power generation, and transportation, among others. The expansion of the chemical sector in the region is another major factor boosting the blue hydrogen market demand. Blue hydrogen is being favoured by various industries in North America due to the introduction of supportive government policies that aim to bolster the utilisation of the gas.

 

Competitive Landscape

Linde plc is an industrial gas and engineering company known for providing high quality technology, solutions, and services to their customers across the globe. The primary business of the company involves distribution and manufacture of atmospheric gasses, including nitrogen and oxygen, among others.

 

Shell International B.V. is an energy company that specialises in production, exploration, marketing, and refining of natural gas and oil. They are dedicated towards meeting global energy demands by producing cleaner natural gasses.

 

Air Products and Chemicals, Inc. provides essential industrial gasses and equipment to customers across various industries including electronics, chemicals, manufacturing, food, and refining, among others. The company was found in 1940 and is headquartered in Pennsylvania, United States.

 

Other blue hydrogen market key players include Dastur Energy, Technip Energies N.V., Topsoe A/S, Aker Solutions ASA, and Thyssenkrupp Uhde GmbH, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • End Use
  • Region
Breakup by Technology
  • Gas Partial Oxidation (POX)
  • Auto Thermal Reforming (ATR)
  • Steam Methane Reforming (SMR)
Breakup by End Use
  • Chemical Industry
  • Petroleum Refineries
  • Power Generation Facilities
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Linde plc 
  • Shell International B.V. 
  • Air Products and Chemicals, Inc. 
  • Dastur Energy
  • Technip Energies N.V. 
  • Topsoe A/S 
  • Aker Solutions ASA
  • Thyssenkrupp Uhde GmbH
  • Other

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Blue Hydrogen Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Blue Hydrogen Historical Market (2018-2023) 
    8.3    Global Blue Hydrogen Market Forecast (2024-2032)
    8.4    Global Blue Hydrogen Market by Technology
        8.4.1    Gas Partial Oxidation (POX)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Auto Thermal Reforming (ATR)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Steam Methane Reforming (SMR)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Blue Hydrogen Market by End Use 
        8.5.1    Chemical Industry
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Petroleum Refineries
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Power Generation Facilities
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Blue Hydrogen Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Blue Hydrogen Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Blue Hydrogen Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Blue Hydrogen Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Blue Hydrogen Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Blue Hydrogen Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Linde plc 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Shell International B.V. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Air Products and Chemicals, Inc. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Dastur Energy
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Technip Energies N.V. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Topsoe A/S 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Aker Solutions ASA
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Thyssenkrupp Uhde GmbH
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Other
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Blue Hydrogen Market: Key Industry Highlights, 2018 and 2032
2.    Global Blue Hydrogen Historical Market: Breakup by Technology (USD Billion), 2018-2023
3.    Global Blue Hydrogen Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4.    Global Blue Hydrogen Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Blue Hydrogen Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Blue Hydrogen Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Blue Hydrogen Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Blue Hydrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Blue Hydrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Blue Hydrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Blue Hydrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Blue Hydrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Blue Hydrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Blue Hydrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Blue Hydrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Blue Hydrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Blue Hydrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Blue Hydrogen Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 1.19 billion in 2023.

The market is projected to grow at a CAGR of 10.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.87 billion by 2032.

The major market drivers include increasing government initiatives to support clean energy sources and rising utilisation by chemical sector.

The key trends fuelling the growth of the market include surge in adoption of fuel cell vehicles and increased utilisation by petroleum refineries.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The end uses of blue hydrogen include chemical industry, petroleum refineries, and power generation facilities, among others.

The key players in the market are Linde plc, Shell International B.V., Air Products and Chemicals, Inc., Dastur Energy, Technip Energies N.V., Topsoe A/S, Aker Solutions ASA, and Thyssenkrupp Uhde GmbH, among others.

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