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Blue Hydrogen Market Share

Report ID: GMI5372
Published Date: Jun 2024
Report Format: PDF

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Blue Hydrogen Market Share

Ongoing collaborative efforts across various sectors along with partnerships from various stakeholders, including energy companies, technology providers, financial institutions, and government bodies will drive the business scenario. These partnerships help to pool resources, share risks, and leverage the diverse expertise needed to overcome the technological and economic challenges associated with blue hydrogen production and deployment.

Blue Hydrogen Market Companies

Eminent players operating in the blue hydrogen industry are:

Air Products Inc.
Air Liquide
Bechtel Corporation
BP p.l.c.
Eni
Exxon Mobil Corporation
Equinor ASA
John Wood Group PLC
Johnson Matthey
MaireTecnimont Spa
Saipem
SK E&S CO.LTD.
Shell plc
Technip Energies N.V.
TOPSOE
thyssenkrupp Industrial Solutions AG
Woodside

Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

The market size of blue hydrogen was worth USD 2 billion in 2023 and is anticipated to register 9.8% CAGR between 2024 and 2032, driven by extensive efforts toward decarbonization and ongoing investments toward hydrogen by private and public sector.

The petroleum refinery segment in the blue hydrogen market is expected to reach USD 2.5 billion by 2032, owing to the supportive regulations, emission reduction pressures, and hydrogen infrastructure investments.

North America blue hydrogen market is projected to surpass USD 1.5 billion by 2032 due to climate initiatives, tax incentives, hydrogen infrastructure investments, and energy companies' involvement in blue hydrogen projects.

Air Products Inc., Air Liquide, Bechtel Corporation, BP p.l.c., Eni, Exxon Mobil Corporation, Equinor ASA, John Wood Group PLC, Johnson Matthey, and MaireTecnimont Spa, among others.