Blue Hydrogen Market worth $44.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

CHICAGO, Nov. 25, 2022 /PRNewswire/ -- Blue Hydrogen Market is projected to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, at a CAGR of 11.9% according to a new report by MarketsandMarkets™. The factors driving the growth of the Blue Hydrogen Market are the increasing hydrogen demand in petroleum refineries and transportation and Power Generation Facilities applications.

Browse in-depth TOC on "Blue Hydrogen Market"     

98 – Tables
48 – Figures
152 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217899255 

SMR is estimated to be the fastest-growing technology segment.

The steam methane reforming segment accounted for the largest market share of the Blue Hydrogen Market in 2021. SMR is a cost-effective and energy-efficient method of producing hydrogen. It is commonly used due to the easy availability of raw materials (methane). These factors are responsible for the growth of the segment.

By end user, the petroleum Refineries is expected to be the major segment of the Blue Hydrogen Market.

The petroleum refineries segment is estimated to grow at the highest CAGR from 2022 to 2030. This growth can be attributed to the global rise in oil and natural gas demand for various applications, such as plastic production, transportation, and electricity generation.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=217899255 

North America is expected to dominate the global Blue Hydrogen Market

The North American region is estimated to be the largest market for the Blue Hydrogen Market, followed by Europe. The growth of the North American region can be attributed to the increasing demand for hydrogen fuel cell-based vehicles and the number of hydrogen filling stations in the US and Canada.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Blue Hydrogen Market. These players include Shell Plc (UK), Linde plc (Ireland), ExxonMobil Corporation (US), Air Liquide (France), and Air Products Inc. (US).

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=217899255 

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Related Reports:

Hydrogen Generation Market - Forecast to 2027

Hydrogen Energy Storage Market - Global Forecast to 2027

Green Hydrogen Market - Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/blue-hydrogen-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/blue-hydrogen.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg