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 global blue hydrogen market is highly competitive and features consolidated landscape as the market has several small and medium enterprises, along with large players of the market. 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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The report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved of the blue hydrogen industry.
Further key findings from report:
- In July 2020, Equinor announced a major project of hydrogen generation and carbon capture with a large storage system. Through this project the company will produce blue hydrogen using natural gas and captured CO2.
- Key players in the market include Linde plc, Royal Dutch Shell PLC, Hydrogenics, Air Products and Chemicals, Inc., Siemens, Equinor, Toshiba Energy Systems & Solutions Corp., CertifHy Canada Inc., Uniper SE, and Green Hydrogen Systems.
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