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Steam Methane Reforming Blue Hydrogen Market Share
Eminent players are forming alliances with other industry players, technology providers, and research institutions to accelerate technological development and market deployment. Key players are investing in new production facilities and expanding existing ones to meet the rising demand for low-carbon hydrogen. These expansions are often supported by government incentives and regulatory frameworks promoting clean hydrogen technologies' adoption.
Steam Methane Reforming Blue Hydrogen Market Companies
Eminent players operating in the Steam Methane Reforming Blue Hydrogen industry are:
- Air Products Inc
- Air Liquide
- Bechtel Corporation
- Exxon Mobil Corporation
- Eni SpA
- John Wood Group PLC
- Johnson Matthey
- MaireTecnimont Spa
- SK E&S CO.LTD.
- Shell plc
- thyssenkrupp Industrial Solutions AG
- Technip Energies N.V
- TOPSOE
- Woodside Energy
Which are the key players operating in the steam methane reforming blue hydrogen market?
Air Products Inc, Air Liquide, Bechtel Corporation, Exxon Mobil Corporation, Eni SpA, John Wood Group PLC, Johnson Matthey, MaireTecnimont Spa, SK E&S CO.LTD., Shell plc, thyssenkrupp Industrial Solutions AG, Technip Energies N.V, TOPSOE, and Woodside Energy.
What factors are driving demand for steam methane reforming blue hydrogen in Europe?
Europe steam methane reforming blue hydrogen market is projected to reach more than USD 1.2 billion by 2032, led by the rising blue hydrogen projects to bridge the transition towards green hydrogen.
Why is the demand for steam methane reforming blue hydrogen rising in petroleum refinery?
The petroleum refinery application segment in the steam methane reforming blue hydrogen industry is projected to account for more than USD 1.7 billion by 2032, due to the rising stringent environmental regulations aimed at reducing greenhouse gas emissions.
How big is the steam methane reforming blue hydrogen market?
The market size of steam methane reforming blue hydrogen was worth USD 1.5 billion in 2023 and is projected to expand at 8.9% CAGR from 2024 to 2032, owing to the growing demand for hydrogen in various sectors, including transportation, industry, and power generation.