The global study report blue hydrogen also sheds light on the lucrative growth prospects for the leading companies in the blue hydrogen industry during the forecast period. Increasing focus on generation of clean sustainable energy and extensive adoption of green hydrogen are driving blue hydrogen market growth.
The research report agricultural pheromones is further furnished with the latest market scenario and economic landscape accredited to the currently unfolding COVID-19 pandemic. The Power Generation sub-segment among the end-use verticals is estimated to expand at a CAGR of 17.3% throughout the projected period. This growth is attributable to a swiftly changing focus of power sources, which are boosting adoption of blue hydrogen. Additionally, these are identified as the potable power especially for automotive and domestic electricity generation, which is a key factor driving growth of the segment in the market.
One of the report’s central components is the broad blue hydrogen market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.
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Segmental Analysis
The North American region dominated the overall market and is estimated to retain its dominance over the forecast period. Owing to robust investment in the electrification and adoption of renewable power generation sources, the regional market is estimated to witness significant growth in the coming years. The global blue hydrogen market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
North America
• U.S.
• Canada
Europe
• Russia
• U.K.
• Germany
• France
• BENELUX
Technology Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
• Steam Methane Reforming (SMR)
• Autothermal Reforming (ATR)
• Gas Partial Oxidation (GP)