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North America Blue Hydrogen Market Size

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

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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.

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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.

North America Blue Hydrogen Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Blue Hydrogen Market Size in 2023:	USD 1.27 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	2.5%
2032 Value Projection:	USD 1.57 Billion
Historical Data for:	2019 to 2022
No. of Pages:	150
Tables, Charts & Figures:	200
Segments covered:	Technology, Application and Country
Growth Drivers:	Growing emphasis on reducing carbon emissions Government support and incentives Abundant availability of natural gas resources
Pitfalls & Challenges:	High initial capital investment Availability of alternative clean energy sources

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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.