Global Blue Hydrogen Market Research Report and Forecast to 2030 is an investigative report providing an extensive study of the global Blue Hydrogen market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Blue Hydrogen market on the global and regional scale, along with a thorough forecast estimation to 2030. The new report is updated with the impact of the COVID-19 pandemic on the Blue Hydrogen market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Blue Hydrogen market.
Rapid increase in prices of fuels 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 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, Organization of the Petroleum Exporting Countries (OPEC) and other countries, such as Russia, that coordinate production with OPEC, announced to continue to limit production throughout 2021 to support higher crude oil prices.
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Competitive Outlook:
The global Blue Hydrogen market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Blue Hydrogen market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Key players in the market Royal Dutch Shell PLC, Linde plc, Air Products and Chemicals, Inc., Hydrogenics, Siemens, Toshiba Energy Systems Solutions Corp., Equinor, CertifHy Canada Inc., Green Hydrogen Systems, and Uniper SE, among others.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Blue Hydrogen market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Further key findings from the report suggest
- In July 2020, Equinor, a Norway-based petroleum refining company, revealed a major project in the hydrogen generation coupled with carbon capture with storage system. The aim of the project is to produce blue hydrogen using natural gas with the associated CO2 captured and safety storage of the same.
- A shift in renewable power sources has helped the market grow drastically as the blue hydrogen works as an initiator of the green hydrogen and its proper commercialization in the future. Portable power, storage based power especially for the automotive domestic electricity generation are some of the market propellers. The Power Generation in the End-Use Vertical segment is growing at a CAGR of 17.3% throughout the projected era.
- North America owing to its leading investment in the electrification renewable power generation sources, along with a higher thrust on the alternative propulsion system for the automotive especially in the United States is expected to fuel regional market growth substantially.
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Emergen Research has segmented the global blue hydrogen market on the basis of technology, end-use, and region:
- 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
Key Questions Addressed in the Report:
- Who are the leading players in the Blue Hydrogen industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Blue Hydrogen?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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