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Asia Pacific Blue Hydrogen Market Size
- Report ID: GMI9045
- Published Date: Apr 2024
- Report Format: PDF
Asia Pacific Blue Hydrogen Market Size
Asia Pacific Blue Hydrogen Market was valued USD 340 million in 2023 and is anticipated to grow at 10% CAGR from 2024 to 2032. It refers to hydrogen that is created by the process of steam methane reforming (SMR), which uses natural gas as a feedstock. Blue hydrogen facilities use carbon capture and storage (CCS) technology to absorb CO2 emissions during production, preventing them from being released into the atmosphere.
Rising demand for hydrogen in key industries including fertilizers and refineries in China, India, and South Korea will augment the APAC blue hydrogen market growth. Government initiatives to promote the adoption of clean energy sources coupled with rising investments in the development of hydrogen infrastructure, will contribute to business expansion. Growing understanding and acceptance of the importance of decarbonization and mitigating climate change are impacting consumer choices and business strategies, thereby stimulating the growth opportunities.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Asia Pacific Blue Hydrogen Market Size in 2023: | USD 340 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 1.07 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 150 |
| Segments covered: | Technology, Application and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Blue Hydrogen Market Scope
