The global market landscape of Blue Hydrogen is expected to remain in a very competitive and highly consolidated landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

The Global Blue Hydrogen Market is forecasted to be worth USD 2.48 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include growing demands for the clean hydrogen energy with low carbon content, blue hydrogen as an enabler of the green hydrogen, increasing usage of hydrogen fuel as an active propulsion system in automotive industry, and increasing usage of the hydrogen as an active energy source.

Besides, an extensive usage of hydrogen fuel in the automotive industry and growing practice of electrification in various sectors with the help of hydrogen energy has been the direct propelling factor behind the immense demand for this market. Hydrogen is expected to become a game-changer in energy sector if its low-carbon form (green or blue hydrogen) is widespread by reducing the challenges it is facing.

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Key findings from the report

In July 2020, Equinor, a Norway-based petroleum refining company, revealed a major project in the hydrogen generation coupled with carbon capture with storage system. The aim of the project is to produce blue hydrogen using natural gas with the associated CO2 captured and safety storage of the same.

A shift in renewable power sources has helped the market grow drastically as the blue hydrogen works as an initiator of the green hydrogen and its proper commercialization in the future. Portable power, storage based power especially for the automotive & domestic electricity generation are some of the market propellers. The Power Generation in the End-Use Vertical segment is growing at a CAGR of 17.3% throughout the projected era.

North America owing to its leading investment in the electrification & renewable power generation sources, along with a higher thrust on the alternative propulsion system for the automotive especially in the United States is expected to fuel regional market growth substantially.

Key players in the market Royal Dutch Shell PLC, Linde plc, Air Products and Chemicals, Inc., Hydrogenics, Siemens, Toshiba Energy Systems & Solutions Corp., Equinor, CertifHy Canada Inc., Green Hydrogen Systems, and Uniper SE, among others.

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