DUBLIN–(BUSINESS WIRE)–The “Blue Hydrogen Market by Technology (Steam Methane Reforming (SMR), Gas Partial Oxidation (POX), Auto Thermal Reforming (ATR)), End User (Petroleum Refineries, Chemical Industry, Power Generation Facilities) and Region – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
Hydrogen has long been recognized as a possible low-carbon transportation fuel. The market has a promising growth potential due to several factors, including the role of blue hydrogen in carbon emission reduction, an increase in the demand for fuel cell-based electric vehicles, and a shift toward a hydrogen-based economy. The global blue hydrogen market is projected to reach USD 44.5 Billion by 2030, growing at a CAGR of 11.9% during the forecast period.
SMR: The fastest growing segment of blue hydrogen market, by technology.
The steam methane reforming segment accounted for the largest market share of the blue hydrogen market in 2021. SMR is a cost- and energy-efficient method of producing hydrogen. It is commonly used due to the easy availability of raw materials (methane). These factors are responsible for the growth of the segment
Petroleum Refinery: The fastest growing segment of hydrogen energy storage market, by end user.
The petroleum refinery segment is estimated to grow at the highest CAGR from 2022 to 2030. This growth can be attributed to the global rise in oil and natural gas demand for various applications, such as plastic production, transportation, and electricity generation.
North America: The fastest-growing region in the hydrogen energy storage market.
The North American region is estimated to be the largest market for the blue hydrogen market, followed by Europe. The growth of the North American region can be attributed to the increasing demand for hydrogen fuel cell-based vehicles and the number of hydrogen filling stations in the US and Canada.
- Increasing Regulations Concerning GHG Emissions
- Rising Applications of Hydrogen in FCEVs
- Energy Loss During Hydrogen Production
- Increasing Number of Government Initiatives Concerning Development of Hydrogen-Based Economies
- Rising Focus of Governments on Achieving Net Zero Emission Targets by 2050
- Integration of Hydrogen into Natural Gas Networks
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Blue Hydrogen Market, by Technology
6.2 Steam Methane Reforming
6.3 Auto Thermal Reforming
6.4 Gas Partial Oxidation
7 Hydrogen Generation Market, by End-User
7.2 Petroleum Refinery
7.3 Chemical Industry
7.4 Power Generation
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Air Products and Chemicals Inc.
- Aker Solutions
- Aquaterra Energy Limited
- BP P.L.C.
- Business Overview
- Dastur Energy
- Equinor Asa
- Exxon Mobil Corporation
- Johnson Matthey
- Linde plc
- Petrofac Limited
- Shell plc
- Strategic Choices Made
- Technip Energies N.V.
- The State Atomic Energy Corporation
- Thyssenkrupp Ag
- Uniper Se
- Xebec Adsorption Inc.
For more information about this report visit https://www.researchandmarkets.com/r/daxd8y