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North America Blue Hydrogen Market Size
North America Blue Hydrogen Market was valued USD 1.27 billion in 2023 and is anticipated to grow at a CAGR of 2.5% from 2024 to 2032.
Shifting focus on reducing carbon emissions across various industries, including energy production, transportation, and manufacturing will augment the market growth. Government support and incentives, with policies aimed at promoting clean energy technologies and reducing greenhouse gas emissions will drive investment in blue hydrogen projects. Abundant availability of natural gas resources across the region coupled with increasing corporate commitments toward sustainability and carbon neutrality will spur the demand for low-emission energy sources.
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.