The Blue Hydrogen Market is forecasted to be worth USD 2.48 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include growing demands for the clean hydrogen energy with low carbon content, blue hydrogen as an enabler of the green hydrogen, increasing usage of hydrogen fuel as an active propulsion system in automotive industry, and increasing usage of the hydrogen as an active energy source.
The Global Blue Hydrogen Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Blue Hydrogen market.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Regional Analysis:
The report sheds light on the region expected to dominate the Blue Hydrogen market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Blue Hydrogen market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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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.
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.
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For the purpose of this report, Emergen Research has segmented into the global Blue Hydrogen Market on the basis of Technology, End-Use Verticals, and Region:
- Technology Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- Steam Methane Reforming (SMR)
- Autothermal Reforming (ATR)
- Gas Partial Oxidation (GP)
- End-Use Verticals Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- Power Generation
- Chemical Industries
- Petroleum Refinery
- Others
- Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- North America
- U.S.
- Canada
Europe
- Russia
- UK
- Germany
- France
- BENELUX
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
MEA
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
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