Emergen Research’s latest document, titled ‘Global Blue Hydrogen Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Blue Hydrogen Market. The report’s authors have offered necessary details on the latest Blue Hydrogen Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Blue Hydrogen Market industry entails useful insights into the estimated Blue Hydrogen Market size, revenue share, and sales distribution networks.
The global market for blue hydrogen reached USD 1.02 billion in 2021 and is anticipated to grow at a rate of 14.8% over the projected period. In the years 2022 to 2030, it is anticipated that a rapid rise in fuel prices and rising pollution from the burning of fossil fuels will promote market revenue growth.
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It is anticipated that the rapid climate change brought on by global warming would raise demand for greener alternatives with lower emissions. The atmosphere warmed by around 1.1° C between 1850 and 1900, according to a recent assessment by the Intergovernmental Panel on Climate Change (IPCC), and the average global temperature over the next 20 years is expected to be 1.5° C or higher than pre-industrial levels. Accelerated climate change brought on by global warming has had a negative impact on weather patterns, resulting in erratic rainfall, droughts, and desertification, which has a negative impact on agricultural output and a positive impact on the rate of world hunger. As a result, the demand for blue hydrogen as an alternative energy source is anticipated to rise, propelling market revenue growth over the course of the forecast year.
Fuel prices are rising quickly, which has increased demand for clean, alternative energy sources like blue hydrogen. Due to a slower increase in supply and a correspondingly faster increase in demand, which has contributed to price inflation, crude oil prices have been rising gradually since the middle of 2020. Major oil exporters have formed cartels that are primarily in charge of controlling crude oil prices. Organization of the Petroleum Exporting Countries (OPEC) and other nations that coordinate output with OPEC, such as Russia, declared in December 2020 that they would continue to restrict production into 2021 in order to sustain higher crude oil prices.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Blue Hydrogen market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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Competitive Terrain:
The Global Blue Hydrogen Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
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.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Blue Hydrogen Market:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- 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
- A.E.
- South Africa
- Rest of MEA
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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