The future of the global blue hydrogen market looks promising with opportunities in the petroleum refinery, chemical, and power generation facility markets. The global blue hydrogen market is expected to reach an estimated $36.5 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are growing demand for fuel cell-based electric vehicles and rising concern towards carbon emission in environment.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the blue hydrogen market by
technology (steam methane reforming, gas partial oxidation, and auto thermal
reforming), application (petroleum refineries, chemical industry, power
generation facilities, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, steam
methane reforming, gas partial oxidation, and autothermal reforming are the
major segments of blue hydrogen market by technology. Lucintel forecasts that
steam methane reforming will remain the largest segment over the forecast
period.
Within this market,
petroleum refinery will remain the largest segment over the forecast period.
North America will
remain the largest region over the forecast period.
Shell, Linde, Air
Products and Chemicals, Aker Solutions, and ExxonMobil are the major suppliers
in the blue hydrogen market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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