New York, According to a new market research report published by Global Insight Services “Blue Hydrogen Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Blue Hydrogen is a type of hydrogen that is produced by extracting the gas from natural gas. The process of extracting the gas is called methane cracking, and it produces a gas that is 99.999% pure hydrogen. The main advantage of blue hydrogen is that it can be produced without emitting any carbon dioxide, making it a very clean and environmentally friendly fuel.
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Key Trends
One of the most important is the increasing use of blue hydrogen in the transportation sector. This is because blue hydrogen is a cleaner and more efficient fuel than traditional petrol or diesel.
Another key trend in blue hydrogen technology is the increasing use of blue hydrogen in power generation. This is because blue hydrogen is a cleaner and more efficient fuel than natural gas or coal.
Finally, another key trend in blue hydrogen technology is the increasing use of blue hydrogen in the chemical industry.
This is because blue hydrogen is a cleaner and more efficient fuel than traditional fossil fuels. It produces far less emissions than these fuels, and so is better for the environment. Additionally, blue hydrogen is much cheaper to produce than traditional fossil fuels, making it a more cost-effective fuel option for these industries.
Key Drivers
The main drivers behind the growth of blue hydrogen are:
- The need to decarbonize the hydrogen production process
- The abundance of natural gas
- The relatively low cost of natural gas
- The technical feasibility of using natural gas to produce hydrogen
Market Segments
By Technology
- Steam Methane Reforming
- Autothermal Reforming
- Gas Particle Oxidation
By End-Use
- Power Generation
- Chemical Industries
- Petroleum Refinery
- Others
Key Players
- Royal Dutch Shell
- ExxonMobil
- Total SA
- Chevron Corporation
- BP plc
- Eni S.p.A.
- Anadarko Petroleum Corporation
- Apache Corporation
- ConocoPhillips
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Reasons to buy Blue Hydrogen Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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