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Blue Hydrogen Market Increasing Demand and Dynamic Growth with Forecast 2031
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The global blue hydrogen market is analyzed across technology, end-use, industry, and region.
By technology, the steam methane reforming segment garnered more than four-fifths of the global blue hydrogen market in 2021, and would rule the roost by the end of 2031. The auto thermal reforming segment, on the other hand, would display the fastest CAGR of 16.0% from 2022 to 2031. The gas partial oxidation segment is also assessed in the study.
Based on end use, the chemical segment held more than two-thirds of the global market in 2021, and is expected to dominate by 2031. The others segment, however, would manifest the fastest CAGR of 15.0% throughout the forecast period. The power generation and refinery segments are also covered in the report.
Based on industry, the ammonia segment held nearly two-thirds of the global market in 2021, and is expected to dominate by 2031. The others segment, however, would manifest the fastest CAGR of 15.2% throughout the forecast period. The methanol segment is also analyzed in the report.
Based on region, the market across North America generated nearly two-fifths of the global market revenue in 2021, and is anticipated to retain the lion's share by 2031. The Asia-Pacific region, simultaneously, would display the fastest CAGR of 14.7% during the forecast period. The other regions studied in the report include LAMEA and Europe.
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The key market players analyzed in the global blue hydrogen industry report include Linde Plc, Suncor Energy Inc., Air Liquide S.A., Air Products Inc, Toshiba Energy Systems & Solutions Corp., Cummins Inc., Siemens Energy (Siemens AG), ATCO Ltd, Equinor ASA, Royal Dutch Shell PLC, CertifHy Canada Inc., Uniper SE, Saudi Aramco, Reliance Industries, and Xebec Adsorption Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
Key findings of the study
• On the basis of region, Asia-Pacific is projected to exhibit CAGR of 13.9% from 2022 to 2031.
• As per blue hydrogen market analysis, Japan is projected to exhibit CAGR of 13.3% from 2022 to 2031.
• South Korea is projected to exhibit CAGR of 14.1% from 2022 to 2031
• North America held dominant position in 2021 and would continue to maintain the lead during the forecast period.
• On the basis of technology, steam methane reforming technology segment accounted for the largest share in 2021.
• On the basis of end use, chemical end use segment is projected to be the most lucrative segment during the forecast period.
• On the basis of industry, ammonia based segment is projected to create abundant revenue opportunity till 2030.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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