Blue Hydrogen Market To Reach USD 2.48 Billion By 2027 Growing at a CAGR of 14.8% | Emergen Research

Blue Hydrogen Market To Reach USD 2.48 Billion By 2027 Growing at a CAGR of 14

Vancouver, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) — The Global Blue Hydrogen Market is forecast to be worth USD 2.48 billion by 2027, according to the current analysis by Emergen Research. The growing emphasis on clean hydrogen energy with low carbon content, rising usage of hydrogen fuel as an active propulsion system in the automotive industry, and speculation of blue hydrogen working as an enabler of green hydrogen are some reasons behind the growth of the market.Additionally, an upsurge in the usage of hydrogen fuel in automotive propulsions and the growing practice of electrification in various verticals with the help of hydrogen energy have been some of the direct propelling factors behind the substantial demand for this market. Hydrogen is believed to be a game-changer in the energy sector if its low-carbon form (green or blue hydrogen) and is gaining popularity by reducing the challenges it is facing.Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/347The global market landscape of Blue Hydrogen is expected to remain highly competitive and consolidated, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the projected era, the increasing demand for technological development and higher diversification in offered products ensure the enormous potential for innovative players.Further key findings from the report suggestIn October 2020, the Netherlands announced their plans for the first hydrogen bourse in the world and became the hydrogen hub for Northwest Europe. The study published by the government commissions reveals its plans to launch the creation of a commodity exchange for hydrogen as soon as 2026. The Dutch government is deliberately emphasizing on blue or green hydrogen to help cut down carbon emissions.Steam Methane Reforming (SMR), being the most advanced and fairly cost-effective technology, takes up the highest market share and is expected to lead in the forthcoming years. A large number of the leading central oil & gas refinery plants and industries mostly incorporate steam methane reforming for blue hydrogen generation. The Steam Methane Reforming (SMR) sub-segment had a 65.7% market share in the year 2019.Europe held the highest market share owing to its huge emphasis by many countries in this region on clean energy sources like blue or green hydrogen and intuitive policies like Hydrogen Initiative Declaration is helping to further mature the market during the projected period.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.ORDER NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.emergenresearch.com/select-license/347For the purpose of this report, Emergen Research has segmented the Global Blue Hydrogen Market on the basis of technology, end-use vertical, and region:Technology Outlook $1Steam Methane Reforming (SMR)Autothermal Reforming (ATR)Gas Partial Oxidation (GP)End-Use Vertical Outlook $1$1Power GenerationChemical IndustriesPetroleum RefineryOthersTo identify the key trends in the industry and read full summary click on the link:   https://www.emergenresearch.com/industry-report/blue-hydrogen-marketRegional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)North AmericaU.S.CanadaEuropeRussiaU.K.GermanyFranceBENELUXAsia PacificChinaJapanSouth KoreaIndiaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaU.A.E.IsraelRest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:John WHead of Business DevelopmentEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: sales@emergenresearch.comFacebook | LinkdIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-blue-hydrogen-market

CBJ Newsmakers

Recommended
Desktop 3D Printer Market Size to be Worth USD 5,129