Comparing 7 vendors in Blue Hydrogen across 0 criteria.
Access Research To
- Expand Total Addressable Market
- Formulate Go To Market Plans
- Build Competitive Right to Win
- Identify Top Customers to Grow
The Blue Hydrogen Companies quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Blue Hydrogen. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 30 Blue Hydrogen companies of which the Top 7 Blue Hydrogen Companies were categorised and recognized as the quadrant leaders.
Blue hydrogen is primarily produced from natural gas using a process known as steam reforming, which combines natural gas and heated water to form steam. The result is hydrogen, with carbon dioxide as a byproduct. As a result, carbon capture and storage (CCS) is critical for capturing and storing carbon, thus leaving clean hydrogen. The market for blue hydrogen is defined as the sum of revenues generated by global companies involved in the production of blue hydrogen through various technologies, such as steam methane reforming, auto thermal reforming, and gas oxidation. Blue hydrogen involves various technologies that cater to several end-user industries such as petroleum refineries, power generation, chemical industries, and others.The 360 Quadrant efficiently maps the Blue Hydrogen companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the Blue Hydrogen quadrant. The top criteria for product footprint evaluation included technology (steam methane reforming (SMR), auto thermal reforming (ATR) and Gas Oxidation), petroleum refinery, power generation, chemical industries, and other applications.
Key trends highlighted in 360 Quadrants:
- The blue hydrogen market is projected to be valued at USD 44.5 billion by 2030, registering a CAGR of 11.9% during the forecast period. Decentralization, digitization, and decarbonization are just a few of the key operational changes that utilities are undergoing today, and these are the major factors expected to drive the global blue hydrogen industry during the forecast period.
- Policies are also being developed to support R&D and promote the use of clean fuels like hydrogen for a range of energy requirements in the dynamics of the Blue hydrogen industry. Blue Hydrogen companies are modifying their Blue Hydrogen portfolio to meet the demand of the transportation industries. For instance, in June 2022, One of the top power generation businesses in the UK, VPI, and Air Products and Chemicals, Inc. had a contract in place. Both businesses will strive to establish the Humber Hydrogen Hub, or "H3," as part of this collaboration. This finding will result in the mass production of low-carbon hydrogen, which VPI will use as a fuel substitute.
- The market for blue hydrogen in 2021 was dominated by the steam methane reforming sector, which held a 47.9% market share. A low-cost, low-energy way to make hydrogen is by SMR. Because raw ingredients (methane) are readily available, it is widely used. These elements are behind the segment's expansion. Some of the Blue Hydrogen companies in the domain include Aramco Shell and others.
- In 2022, the market for petroleum refineries was predicted to be worth USD 11.2 billion; from 2022 to 2030, it is anticipated to develop at the highest CAGR of 12.4%. This expansion can be ascribed to the increase in global demand for oil and natural gas for a variety of purposes, including the manufacture of plastic, transportation, and the production of power.
- A major aspect of creating development prospects for Blue Hydrogen companies is especially to produce specialized chemicals like methanol, ammonia, and others.
- Another primary reason driving the Blue Hydrogen companies is that hydrogen is mainly used in the chemical industry to produce ammonia and Methanol. Blue Hydrogen manufacturers are continuously introducing new technologies to meet the demand of customers. For instance, in March 2023, An agreement to jointly develop a new ammonia cracking technology was signed by Aramco, one of the top integrated energy and chemicals corporations in the world, and Linde Engineering, a pioneer in the production and processing of gases worldwide. With this partnership, Linde Engineering and Aramco will combine their expertise and resources in industrial research and development, lower-carbon hydrogen, and ammonia cracking technology.
- In 2021, North America held a 45.8% share of the global market for blue hydrogen, followed by Europe and Asia Pacific. Globally, significant legal assistance to reduce carbon emissions is what drives renewable energy generation projects (like solar and wind).
- This market is dominated by major Blue Hydrogen companies such as Aramco, Shell, Linde, Air Products and Others.
- Blue Hydrogen companies are adopting various strategies for acquisitions, product launches, and contracts & agreements to increase their share in the market. Some of the Blue Hydrogen companies are focusing on launching new technologies such as steam methane reforming, auto-thermal reforming, and gas oxidation. For instance, In April 2022, PPG acquired Arsonsisi's powder coatings business to expand its manufacturing capabilities in Europe, the Middle East and Africa region.
- Blue Hydrogen companies are also focused on building strategies to address the demand for the chemical industry. Cite an example, In 2022, to manufacture blue hydrogen at Uniper's Killinghome power plant site, Shell plc and Uniper S E agreed to a contract. Through this partnership, the two businesses will collaborate to decarbonize transportation, power, and industry across the Humber area.
- Most of the Blue Hydrogen companies are also focused on contracts and agreements, investments and expansions as essential growth strategies to boost market shares and expand regional presence in the blue hydrogen Industry.
- The Blue Hydrogen companies used investments and expansions as organic methods to diversify their product offerings and increase their operational footprint. Industry players like Shell plc, Linde plc, and Air Products adopted new product releases and investments & expansions as their primary approach.
The Full List
|Dhahran, Saudi Arabia
|Kuala Lumpur, Malaysia