As per the study initiated by Evolve Business Intelligence, the global Blue Hydrogen Market size accounted for USD 10.5 Billion in 2022, growing at a CAGR of 14.1% from 2023 to 2033. Blue hydrogen is a term used to describe hydrogen produced from natural gas or other hydrocarbons through a process called steam methane reforming (SMR) with carbon capture and storage (CCS). The goal of blue hydrogen is to mitigate the environmental impact of hydrogen production by capturing and storing the carbon emissions associated with the process.
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Key Highlights:
- The global Blue Hydrogen Market size was valued at USD 10.5 billion in 2022 growing at a CAGR of 14.1% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
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In terms of COVID 19 impact, the Blue Hydrogen Market report also includes the following data points:
- COVID19 Impact on Blue Hydrogen Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Blue Hydrogen Market
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Key Players
Some of the major Blue Hydrogen Market players holding high market share include ExxonMobil Corporation ., Air Products and Chemicals Inc ., Aker Solutions , and Dastur Energy. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- ExxonMobil Corporation
- Air Products and Chemicals Inc
- Aker Solutions
- Dastur Energy
- Topsoe, Shell Plc
- Lindle Plc
- Petrofac Limited
- Technip Energies N.V.
- Johnson Matthey
- Thyssenkrupp AG
- Xebec Corporation
- Aquaterra Energy Limited
Segmental Analysis
Market Segment By Technology with focus on market share, consumption trend, and growth rate of Blue Hydrogen Market :
- Steam Methane Reforming
- Gas Partial Oxidation
- Auto Thermal Reforming
Market Segment By End Use with focus on market share, consumption trend, and growth rate of Blue Hydrogen Market :
- Power Generation
- Chemical
- Refinery
| Parameters | Details |
| Market Size (2022) | $ 10.5 Billion |
| CAGR (2023 to 2033) | 9.2% |
| Market Segmentation | Technology , End Use |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Blue Hydrogen Market Geographic Coverage:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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