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North America Blue Hydrogen Market Share
Eminent players are focusing on technological innovation, where firms invest in research and development to enhance the efficiency and cost-effectiveness of blue hydrogen production processes. Strategic partnerships play a vital role, with companies collaborating with industry peers, research institutions, and government bodies to leverage expertise, share resources, and accelerate technology development and market penetration. Market diversification is another key strategy, as companies seek to expand into new geographic regions and market segments to capitalize on emerging opportunities.
North America Blue Hydrogen Market Companies
Eminent players operating in the North America blue hydrogen industry are:
- Air Liquide
- Air Products Inc
- Bechtel Corporation
- BP p.l.c.
- Eni SpA
- Equinor ASA
- Exxon Mobil Corporation
- Johnson Matthey
- MaireTecnimont Spa
- Saipem
- Shell Plc
- Technip Energies N.V.
- thyssenkrupp Industrial Solutions AG
- TOPSOE
Which are the prominent companies operating in the North America blue hydrogen companies?
Some of the major North America blue hydrogen industry players are Air Liquide, Air Products Inc, Bechtel Corporation, BP p.l.c., Eni SpA, Equinor ASA, Exxon Mobil Corporation, Johnson Matthey, Saipem, Shell Plc, and Technip Energies N.V., among others.
Why is the demand for blue hydrogen rising in petroleum refinery in North America?
North America blue hydrogen market from the petroleum refinery segment is set to grow at over 2% CAGR up to 2032, led by investments in hydrogen infrastructure development along with collaborations among producers, refiners, and technology providers.
What is the value of the U.S. blue hydrogen market?
The U.S. blue hydrogen industry is anticipated to surpass USD 1.19 billion by 2032 owing to convergence of economic imperatives and environmental aspirations.
What is the size of the North America blue hydrogen market?
The market size of North America blue hydrogen was reached USD 1.27 billion in 2023 and is anticipated to grow at 2.5% CAGR till 2032, led by the shifting focus on reducing carbon emissions across various industries, including energy production, transportation, and manufacturing.