Blue Hydrogen Market Size worth USD 2.48 Billion By 2027 

Blue Hydrogen Market Size worth USD 2.48 Billion By 2027 

Emergen Research

The Global Blue Hydrogen Market is forecast to be worth USD 2.48 billion by 2027, according to the current analysis by Emergen Research. The growing emphasis on clean hydrogen energy with low carbon content, rising usage of hydrogen fuel as an active propulsion system in the automotive industry, and speculation of blue hydrogen working as an enabler of green hydrogen are some reasons behind the growth of the market.

The Blue Hydrogen market report is an investigative study encompassing industry insights along with crucial market data such as facts and figures, technological and product advancements, and analysis of key segments. The important data is gathered through rigorous primary and secondary research and the information is further validated and verified by industry experts and professionals. The report offers a panoramic view of the industry with a special focus on global and regional segments.

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Further key findings from the report suggest

·       Steam Methane Reforming (SMR), being the most advanced and fairly cost-effective technology, takes up the highest market share and is expected to lead in the forthcoming years. A large number of the leading central oil & gas refinery plants and industries mostly incorporate steam methane reforming for blue hydrogen generation. The Steam Methane Reforming (SMR) sub-segment had a 65.7% market share in the year 2019.

·       Europe held the highest market share owing to its huge emphasis by many countries in this region on clean energy sources like blue or green hydrogen and intuitive policies like Hydrogen Initiative Declaration is helping to further mature the market during the projected period.

·       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 the Global Blue Hydrogen Market on the basis of technology, end-use vertical, and region:

·       Technology Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

o  Steam Methane Reforming (SMR)

o  Autothermal Reforming (ATR)

o  Gas Partial Oxidation (GP)

 

·       End-Use Vertical Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

o  Power Generation

o  Chemical Industries

o  Petroleum Refinery

o  Others

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·       Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

o  North America

a.    U.S.

b.    Canada

o  Europe

a.    Russia

b.    U.K.

c.     Germany

d.    France

e.    BENELUX

o  Asia Pacific

a.    China

b.    Japan

c.     South Korea

d.    India

e.    Rest of APAC

o  Latin America

a.    Brazil

b.    Rest of LATAM

o  Middle East & Africa

a.    Saudi Arabia

b.    U.A.E.

c.     Israel

d.    Rest of MEA

Key Features of the Report:

·       Holistic view of the Blue Hydrogen market and key segments

·       Examination and identification of the growth prospects, market drivers and trends, and potential opportunities

·       Assessment and analysis of the micro and macro-economic factors

·       Competitive landscape benchmarking

·       Extensive regional analysis

·       Product types and application spectrum segmentation and analysis

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