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Asia Pacific Blue Hydrogen 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
Who are the key leaders in the APAC blue hydrogen industry?
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.
How big is the China blue hydrogen market?
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.
Why is the use of blue hydrogen for steam methane reforming growing in Asia Pacific?
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.
What is the size of the Asia Pacific blue hydrogen market?
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.