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Partial Oxidation Blue Hydrogen Market Trends

Report ID: GMI11030
Published Date: Aug 2024
Report Format: PDF

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Partial Oxidation Blue Hydrogen Market Trends

Supportive government policies and mandates, increasing investments and ongoing integration with green hydrogen technologies is set to stimulate the industry statistics. Investment in blue hydrogen projects is increasing along with significant funding directed towards POX-based production supported by private sector investments and public funding initiatives will boost the business scenario. Additionally, Major energy companies are leading the adoption of POX for blue hydrogen production which will drive the industry growth. In addition, projects that integrate POX with existing infrastructure and CCS technologies will stimulate the product demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of partial oxidation blue hydrogen was worth over USD 420 million in 2023 and is expected to register 11.4% CAGR from 2024 to 2032, due to strong policy frameworks and investment in CCS infrastructure, and growing focus on decarbonization and energy transition worldwide.

Partial oxidation blue hydrogen industry from the petroleum refinery segment is expected to register over 10% CAGR from 2024 to 2032, due to reducing reliance on external suppliers and ensuring a steady supply of hydrogen for industrial processes.

Europe partial oxidation blue hydrogen industry is expected to reach USD 500 million by 2032, due to significant policy support, technological advancements, and strategic investments in the region.

Eni, Equinor ASA, John Wood Group PLC, Johnson Matthey, Linde, MaireTecnimont Spa, Saipem, SK E&S CO.LTD., Shell plc, Technip Energies N.V., TOPSOE, thyssenkrupp Industrial Solutions AG, and Woodside, are some of the major partial oxidation blue hydrogen companies worldwide.