Global Blue Hydrogen Market Is Expected to Reach $3.5 Billion by 2031: Says AMR
Allied Market Research
5 min read
Allied Market Research
Emergence of various technologies to produce hydrogen including steam methane reforming, partial oxidation of oil, coal gasification, and auto thermal reforming drives the growth of the global blue hydrogen market. By technology, the steam methane reforming segment held the major share in 2021. By region, on the other hand, Asia-Pacific would cite the fastest CAGR by 2031.
Portland, OR, Sept. 07, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global blue hydrogen market was estimated at $0.9 billion in 2021 and is expected to hit $3.5 billion by 2031, registering a CAGR of 14.1% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Emergence of various technologies to produce hydrogen including steam methane reforming, partial oxidation of oil, coal gasification, and auto thermal reforming
Opportunities
Presence of government initiatives to develop hydrogen economy
Restraints
Rapid development and innovations in technology to develop green hydrogen
Covid-19 scenario-
Shutdown of industrial manufacturing units led to decline in demand for solar related equipment in most of the countries across the world, which impacted the global blue hydrogen market negatively.
Decrease in utilization of power in industrial facilities worsened the market condition even more.
However, as governments of various countries eased off the lockdown restrictions, the demand for hydrogen in industrial applications gradually happened to restore.
The global blue hydrogen market is analyzed across technology, end-use, industry, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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.
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.
Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
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.
Contact us:
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com
