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North America Blue Hydrogen Market Trends

Report ID: GMI8859
Published Date: Apr 2024
Report Format: PDF

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North America Blue Hydrogen Market Trends

Technological breakthroughs in carbon capture and storage technologies will propel the scalability and viability of hydrogen thereby accelerating the industry growth. Shifting consumer preferences toward clean energy sources along with rising commitment to shaping a more sustainable future for generations will augment the market growth. Moreover, various joint ventures between energy companies to public-private partnerships with research institutions to overcome challenges and seize opportunities will improve the pace of innovation and deployment in the market.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.