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Blue Hydrogen Market Share

Report ID: GMI5372
Published Date: Dec 2023
Report Format: PDF

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Blue Hydrogen Market Share

Eminent players operating in the blue hydrogen industry are:

Air Products Inc.
BP p.l.c.
Eni
Exxon Mobil Corporation
Shell plc
Technip Energies N.V.
Air Liquide
TOPSOE
Equinor ASA
Johnson Matthey
SK E&S CO.LTD.
Woodside
MaireTecnimont Spa
Saipem
thyssenkrupp Industrial Solutions AG
Bechtel Corporation
John Wood Group PLC

Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

The market size of blue hydrogen was worth more than USD 2.03 billion in 2023 and is anticipated to reach USD 5.01 billion by 2032, due to the integration of carbon capture and storage (CCS) technologies to capture and store the carbon dioxide (CO2) emissions generated during the hydrogen production process.

The steam methane reforming segment will continue to grow and reach over USD 3.5 billion by 2032, owing to ability to produce cleaner and more sustainable blue hydrogen in conjunction with advancements in catalyst design, process optimization, and system integration.

North America blue hydrogen market will record around 2% CAGR from 2024 to 2032, due to the expansion of several blue hydrogen projects and demonstrations, coupled with advancements in steam methane reforming (SMR) technology, carbon capture and storage (CCS), and electrolysis for improving the efficiency and reducing the cost of blue hydrogen production.

Air Products Inc., BP p.l.c., Eni, Exxon Mobil Corporation, Shell plc, Technip Energies N.V., Air Liquide, TOPSOE, Equinor ASA, Johnson Matthey, SK E&S CO.LTD., Woodside, MaireTecnimont Spa, Saipem, Thyssenkrupp Industrial Solutions AG, Bechtel Corporation, and John Wood Group PLC.