Blue Hydrogen Market Understanding the Market and Its Potential, High Demand Report Forecast 2030

 Global Blue Hydrogen Market Forecast to 2030

The "Global Blue Hydrogen Market" research by Emergen Research is a thorough compilation of analytical data regarding the Surface Acoustic Wave Filters sector. The research contains a market segmentation for Surface Acoustic Wave Filters as well as a thorough evaluation of the market's size (both in terms of volume and value). The study analyzes the present Blue Hydrogen Market and provides a detailed prediction for the years 2022–2030.

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.

The rapid increase in fuel prices has led to rising demand for alternative and sustainable sources of energy, such as blue hydrogen. Crude oil prices have risen steadily since mid-2020 due to a slower increase in production and rapid growth in demand, which has contributed to price inflation. Cartels formed by major oil exporters are mainly responsible for manipulating the price of crude oil. In December 2020, the Organization of the Petroleum Exporting Countries (OPEC) and other countries, such as Russia, that coordinate production with OPEC announced they would continue to limit production throughout 2021 to support higher crude oil prices. This is expected to push governments of various countries to look for alternative sources of energy in order to reduce dependency on oil imports, which is expected to drive revenue growth in the market.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Blue Hydrogen market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled 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

Research Report on the Blue Hydrogen Market Addresses the Following Key Questions:

Who are the dominant players of the Blue Hydrogen market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Blue Hydrogen market?

What are the key growth drivers and restraining factors of the Blue Hydrogen market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Blue Hydrogen market and its key segments?

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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.

Market Overview:

The report bifurcates the Blue Hydrogen market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

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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Regional Landscape section of the Blue Hydrogen report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

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)

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Blue Hydrogen market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Blue Hydrogen with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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Thank you for reading our report. To know more about the customization feature, please get in touch with us, and our team will ensure the report is customized to meet your requirements.

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