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Asia Pacific Blue Hydrogen Market Share

Report ID: GMI9045
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Blue Hydrogen Market Share

Asia Pacific Blue Hydrogen Company Market Share

Eminent players are investing in advanced steam methane reforming (SMR) and carbon capture and storage (CCS) technologies. Growing investments in R&D enable key players to overcome technical challenges and optimize production methods, which will lead to market expansion. Growing focusing on strategic infrastructure investments to support the expansion of blue hydrogen production and distribution networks. This includes investments in storage facilities, pipeline networks, and refueling stations to ensure the reliable supply and distribution of blue hydrogen to end users throughout the region.

Asia Pacific Blue Hydrogen Market Companies

Eminent players operating in the Asia Pacific blue hydrogen industry are:

Air Products Inc
Air Liquide
BP p.l.c.
Bechtel Corporation
Equinor ASA
Exxon Mobil Corporation
Eni SpA
Johnson Matthey
Reliance Industries Ltd
Saipem
Shell Plc
thyssenkrupp Industrial Solutions AG
TOPSOE
Technip Energies N.V.
Woodside

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for blue hydrogen was crossed USD 340 million in 2023 and is expected to register 10% CAGR from 2024 to 2032, owing to the rising demand for hydrogen in key industries including fertilizers and refineries in the region.

Asia Pacific blue hydrogen industry from the steam methane reforming segment is expected to exceed USD 634 million by 2032 due to its efficiency and scalability, making it a preferred choice for large-scale hydrogen production.

China blue hydrogen industry is expected to cross USD 595 million by 2032 due to vast energy demand, constraints to long-distance transport of natural gas, and the potential for establishing intra region trade connections in the country.

BP p.l.c., Bechtel Corporation, Equinor ASA, Exxon Mobil Corporation, Eni SpA, Johnson Matthey, Reliance Industries Ltd, Saipem, Shell Plc, thyssenkrupp Industrial Solutions AG, TOPSOE, Technip Energies N.V., and Woodside, are some of the major blue hydrogen companies in Asia Pacific.