Blue Hydrogen Market Overview:
Global Blue Hydrogen Market size and share is currently valued at USD 22.59 Billion in 2024 and is anticipated to generate an estimated revenue of USD 55.08 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 11.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Carbon Capture Technologies: Advancements in capturing and storing CO₂ emissions during hydrogen production.
- Energy Transition Goals: Governments and industries transitioning to low-carbon energy sources.
- Industrial Applications: Growing use of blue hydrogen in refining, chemicals, and transportation sectors.
- Public-Private Partnerships: Investments in infrastructure and research for hydrogen economy development.
Download Free Sample PDF Copy of the Report:
https://www.polarismarketresearch.com/industry-analysis/blue-hydrogen-market/request-for-sample
Key Companies in Blue Hydrogen Market:
- Air Liquide
- Air Products and Chemicals, Inc.
- Engie
- Equinor ASA
- Exxon Mobil Corp.
- INOX Air Products Ltd.
- Iwatani Corp.
- Linde Plc
- Shell Group of Companies
- SOL Group
Market Research Scope:
The research investigates the blue hydrogen market, covering production technologies, applications (refining, chemicals, transportation), and regional demand. It evaluates the role of carbon capture and storage (CCS) in reducing emissions, regulatory initiatives, and investments in infrastructure. The study provides insights into public-private partnerships, advancements in hydrogen technology, and opportunities for scaling up low-carbon hydrogen solutions in various industrial sectors.
Blue Hydrogen Market Segmentation:
The blue hydrogen market is segmented by production technology (steam methane reforming with CCS, autothermal reforming), application (refining, chemicals, power generation, transportation), and end-user industry. Regional segmentation includes North America, Europe, Asia-Pacific, and the Middle East & Africa. The segmentation focuses on advancements in carbon capture, industrial demand, and policy-driven initiatives in hydrogen adoption.
Blue Hydrogen Market, Technology Outlook (Revenue – USD Billion, 2019-2032)
- Steam Methane Reforming
- Gas Partial Oxidation
- Auto Thermal Reforming
Blue Hydrogen Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Chemicals
- Refinery
- Power Generation
- Others
Blue Hydrogen Market, Transportation Mode Outlook (Revenue – USD Billion, 2019-2032)
- Pipeline
- Cryogenic Liquid Tankers
Blue Hydrogen Industry Developments:
January 2022: Linde plc and Yara announced a collaboration to construct a 24 MW hydrogen plant, showcasing growing investments in blue hydrogen technology. Scheduled to begin operations in 2024, the plant will produce low-carbon hydrogen using natural gas combined with carbon capture and storage (CCS) technology.
March 2022: Air Products Inc. revealed plans to build and operate a new liquid hydrogen production facility in Casa Grande, Arizona. Utilizing Air Products’ proprietary natural gas liquefaction technology, the plant will have a production capacity of up to 30 tons of liquid hydrogen per day.
April 2021: TotalEnergies announced its intent to establish a large-scale blue hydrogen production facility in France by 2023. The 100 MW plant will produce hydrogen from natural gas while incorporating carbon capture and storage (CCS) to minimize CO₂ emissions.
The Blue Hydrogen market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.