The increasing emphasis on the clean energy sources and extensive rise in investment in the green hydrogen sustainable usage are the major factors influencing the market growth.
Vancouver, BC -- (SBWIRE) -- 01/29/2021 -- Blue hydrogen is produced from non-renewable fossil sources and have a low-carbon threshold as the carbon emissions are captured and stored. The increasing demand for clean energy sources and greater investments for green hydrogen as a sustainable energy source are the leading driving factors for the market. The global blue hydrogen market size is projected to reach a value of USD 2.48 billion by 2027 at a CAGR of 14.8%, according to recent report published by Emergen Research.
Top Key players in the market Royal Dutch Shell PLC, Linde plc, Air Products and Chemicals, Inc., Hydrogenics, Siemens, Toshiba Energy Systems & Solutions Corp., Equinor, CertifHy Canada Inc., Green Hydrogen Systems, and Uniper SE, among others.
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Market Drivers
The market is forecast to exhibit high growth during the forecast period, owing to the increasing demand for clean energy, globally. The market is observing a high growth of demand due to the growing energy requirements in various industries.
Technology Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
Steam Methane Reforming (SMR)
Autothermal Reforming (ATR)
Gas Partial Oxidation (GP)
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
Power Generation
Chemical Industries
Petroleum Refinery
Others
Blue hydrogen is being used as an energy source in industrial, commercial as well as residential sectors, which has propelled the demand in the market. Furthermore, advancements in technology and the electrification of the automobile with the use of hydrogen is projected to boost the market demand during the forecast period.
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Regional Analysis
The Asia Pacific region is projected to grow at the fastest rate during the forecast period, owing to the growing demand and greater investments for clean energy sources in the region. Furthermore, the rapid rate of commercialization in countries like India and China, will also positively impact the market growth. Europe is expected to hold a high market share, owing to the existence of the key players and emphasis of clean energy sources in the region.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Blue Hydrogen Market Segmentation & Impact Analysis
4.1. Blue Hydrogen Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing emphasis on low carbon hydrogen threshold
4.2.2.2. Blue hydrogen working as an enabler of the green hydrogen
4.2.2.3. Huge growth in hydrogen fuel based power generation systems
4.2.3. Market restraints analysis
4.2.3.1. Regulatory hurdles & higher cost associated to it
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Blue Hydrogen Market By Technology Insights & Trends, Revenue (USD Billion) (Million MT)
5.1. Technology Dynamics & Market Share, 2019 & 2027
5.1.1. Steam Methane Reforming (SMR)
5.1.2. Autothermal Reforming (ATR)
5.1.3. Gas Partial Oxidation (GP)
Chapter 6. Blue Hydrogen Market By End-Use Verticals Insights & Trends Revenue (USD Billion) (Million MT)
6.1. End-Use Verticals Dynamics & Market Share, 2019 & 2027
6.1.1. Power Generation
6.1.2. Chemical Industries
6.1.3. Petroleum Refinery
6.1.4. Others
Chapter 7. Blue Hydrogen Market Regional Outlook
7.1. Blue Hydrogen Market share By Region, 2019 & 2027
7.2. North America
7.2.1. Market By Technology, Market Estimates and Forecast, (USD Billion) (Million MT)
7.2.1.1. Steam Methane Reforming (SMR)
7.2.1.2. Autothermal Reforming (ATR)
7.2.1.3. Gas Partial Oxidation (GP)
7.2.2. Market By End-Use Verticals, Estimates and Forecast, (USD Billion) (Million MT)
Continue…!
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