Who are the key vendors in the Global Blue Hydrogen Market?

To acquire a competitive edge in the market for smart education and learning, vendors are concentrating on growing their customer base. As a result, vendors are engaging in a number of strategic activities with other important participants in the sector, including partnerships, acquisitions and mergers, and collaborations. For instance, in February 2019, the company ESM, which provides procure-to-pay technologies for higher smart education and learning, collaborated with the Ellucian Company L.P., a U.S.-based provider of IT services in the educational sector. Ellucian's cloud-based Ellucian Spend Management Suite, a procurement management solution, is expected to be expanded through this cooperation to include Ellucian Purchasing. Some of these major manufacturers involved in the production of Blue Hydrogen include. 'Pearson Education', 'McGraw-Hill Education', 'Blackboard Inc.', 'Skillsoft Corporation', 'D2L Corporation', 'Cornerstone OnDemand Inc.', 'NIIT Limited', 'City & Guilds Group', 'Saba Software Inc.', 'GP Strategies Corporation', 'Aptara Corporation', 'Docebo Inc.', 'Edmentum Inc.', 'Growth Engineering Ltd.', 'Promethean World Ltd.', 'SweetRush Inc.', 'Simplilearn Solutions Pvt. Ltd.', 'Learning Technologies Group plc', 'CrossKnowledge', 'IMC AG'

What is the key driver of the Global Blue Hydrogen Market?

Digitization has grown significantly over the past few years across a variety of global industrial verticals, including the healthcare, manufacturing, and education sectors. As a result, there is a rising need for both online and offline learning processes to enhance learning techniques compared to traditional techniques.

What is the key market trend for the Global Blue Hydrogen Market?

Learning that is customized and adaptable is made possible by the rising use of smartphones and tablets in a number of educational institutions. Mobile devices are utilized for more than just consuming information; they are also used for attending lectures, getting notifications and updates, and other educational activities, which has led to a rise in their importance among all relevant parties in the education sector.

Which region accounted for the largest share in the Global Blue Hydrogen Market?

North America region dominated the global market in 2022 and is expected to maintain its dominance throughout the forecast period. The expansion is attributed to a rise in demand for online learning programs. Favorable activities regarding e-learning and technology integration are accelerating the growth. For local affiliates to begin and expand their capacity to offer major professional learning opportunities by applying NEA's Blue Hydrogen professional learning course offerings to its local affiliate members, the NEA provides high-quality grant funding (up to USD 3000 apiece).

Global Blue Hydrogen Market Size, Share, Growth Analysis, By Production Technology(Steam methane reforming (SMR), autothermal reforming (ATR)), By Application(Transportation, power generation) - Industry Forecast 2024-2031

Q: What is the global market size of the Blue Hydrogen Market?

Global Blue Hydrogen Market size was valued at USD 16.27 billion in 2021 and is poised to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, growing at a CAGR of 11.9% in the forecast period (2023-2030).

Report ID: SQMIG10D2019 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 64 | Figures: 75

Global Blue Hydrogen Market Insights

Blue Hydrogen Market size was valued at USD 16.27 billion in 2021 and is poised to grow from USD 18.2 billion in 2022 to USD 44.5 billion by 2030, growing at a CAGR of 11.9% in the forecast period (2023-2030).

Blue hydrogen is a type of hydrogen fuel that is produced from natural gas through a process called steam methane reforming (SMR), which is similar to the process used to produce gray hydrogen. However, in blue hydrogen production, the carbon dioxide (CO2) that is produced during the SMR process is captured and stored or utilized, rather than being released into the atmosphere as in gray hydrogen production. This process is known as carbon capture, utilization, and storage (CCUS). The CCUS process involves capturing the CO2 emitted during hydrogen production and either storing it underground in geological formations or utilizing it in other industrial processes. By capturing and storing or utilizing CO2, blue hydrogen production can significantly reduce greenhouse gas emissions compared to gray hydrogen production, which is a major source of carbon emissions. Blue hydrogen has the potential to be a low-carbon alternative to traditional fossil fuels, as it can be used in a variety of applications, such as power generation, transportation, and industrial processes. Additionally, blue hydrogen can be used in existing infrastructure and applications that are currently powered by natural gas or gray hydrogen, without significant modifications. While blue hydrogen is considered to be a cleaner alternative to gray hydrogen, there are still some environmental concerns associated with the production of blue hydrogen, such as the potential for leaks during transportation and the energy required for the CCUS process. Nonetheless, blue hydrogen is seen as a promising technology to help reduce greenhouse gas emissions and transition to a more sustainable energy future.

The global blue hydrogen market is expected to witness significant growth in the coming years, driven by the increasing demand for low-carbon hydrogen as countries seek to transition to a low-carbon economy. Blue hydrogen, which is produced from natural gas with carbon capture and storage (CCS), is seen as a key component of the energy transition strategy due to its low carbon footprint. One of the major drivers of the global blue hydrogen market is the increasing demand for hydrogen in industries such as steel, chemicals, and refining, which are difficult to decarbonize using other renewable energy sources. Blue hydrogen offers a low-carbon alternative to traditional hydrogen production methods, which rely on fossil fuels and emit significant greenhouse gas emissions. Another key driver of the global blue hydrogen market is the growing focus on reducing greenhouse gas emissions and promoting renewable energy sources. Governments around the world are setting ambitious targets for reducing emissions and investing in the development of low-carbon technologies, including blue hydrogen. For example, the European Union has set a target of reducing greenhouse gas emissions by 55% by 2030 and is investing heavily in the development of blue hydrogen as a key component of its energy transition strategy.

US Blue Hydrogen Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Blue Hydrogen Market Report Snapshots

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The Global Blue Hydrogen Market is highly competitive, with several major players operating in the industry. These companies are focused on developing and commercializing blue hydrogen production technologies and building out the necessary infrastructure to support the growing demand for clean hydrogen. Other notable companies are all focused on developing and commercializing blue hydrogen production technologies and building out the necessary infrastructure to support the growing demand for clean hydrogen. 'Air Liquide SA', 'Air Products and Chemicals, Inc.', 'Linde AG', 'Royal Dutch Shell PLC', 'ENGIE SA', 'Equinor ASA', 'Total SE', 'Mitsubishi Heavy Industries Ltd.', 'Siemens AG', 'Nel Hydrogen', 'Hydrogenics Corporation', 'Cummins Inc.', 'Kawasaki Heavy Industries Ltd.', 'Plug Power Inc.', 'ITM Power Plc', 'Ballard Power Systems Inc.', 'McPhy Energy SA', 'Hexagon Composites ASA', 'Chart Industries Inc.', 'Haldor Topsoe A/S'

Government initiatives and regulations are key drivers of the global blue hydrogen market. Many governments around the world are introducing policies and regulations to encourage the use of low-carbon fuels, including hydrogen, in order to address the challenges of climate change and air pollution. Many governments are introducing carbon pricing and taxes to encourage the transition to low-carbon fuels. This is driving demand for blue hydrogen, which has lower carbon emissions than traditional fossil fuels. Renewable energy policies, such as renewable portfolio standards and feed-in tariffs, are driving the growth of renewable energy sources like wind and solar power. Blue hydrogen can be produced using renewable energy sources, such as wind and solar, which further reduces its carbon footprint. Governments are offering a range of incentives to encourage the adoption of clean energy, including hydrogen. For example, some governments offer grants or tax credits for companies that invest in hydrogen production or use hydrogen in their operations.

The emergence of the hydrogen economy is a significant trend driving the growth of the global blue hydrogen market. The hydrogen economy is a concept that envisions the widespread use of hydrogen as a fuel source for transportation, power generation, and other industrial applications. The hydrogen economy is expected to play a critical role in the global transition to a low-carbon energy system and the achievement of climate change goals. The development of the hydrogen economy is being driven by several factors, including the increasing global demand for clean energy, the need to reduce carbon emissions, and the declining costs of hydrogen production. Blue hydrogen, in particular, is expected to play a crucial role in the hydrogen economy due to its potential to produce hydrogen with significantly lower carbon emissions compared to traditional hydrogen production methods. The hydrogen economy is also being supported by government policies and initiatives aimed at promoting the use of hydrogen as a clean energy source. Governments around the world are increasingly investing in the development of hydrogen infrastructure, including production, storage, and distribution facilities, and are offering incentives to companies to adopt hydrogen technologies. In addition to government support, the emergence of the hydrogen economy is also being driven by technological advancements in hydrogen production, storage, and transport. Companies are developing new and innovative technologies to produce hydrogen more efficiently, safely, and cost-effectively, making it a more viable and competitive alternative to traditional fossil fuels. As the hydrogen economy continues to grow and mature, it is expected to create significant opportunities for companies involved in the blue hydrogen market. Companies that can produce hydrogen at scale and at a competitive cost are likely to be well-positioned to capitalize on the growing demand for clean energy and the transition to a low-carbon economy.

North America is expected to dominate the market for blue hydrogen, given the region's abundant natural gas resources and growing demand for low-carbon energy. North America has abundant natural gas resources, which can be used as a feedstock for blue hydrogen production. The United States is the world's largest producer of natural gas, followed by Canada. There is a growing demand for low-carbon energy in North America, driven by climate targets and environmental concerns. Several U.S. states, including California and New York, have set ambitious climate targets, and the Canadian government has committed to achieving net-zero emissions by 2050. North America has an established infrastructure for natural gas production, transportation, and distribution, which can be used for blue hydrogen production and transportation. This infrastructure can help to reduce the costs and time required to develop blue hydrogen projects. North America has the potential to be a major producer and exporter of blue hydrogen, given its abundant natural gas resources and established infrastructure. The United States, in particular, has the potential to export blue hydrogen to other countries, such as Japan and South Korea, which are investing heavily in the development of hydrogen infrastructure.

Global Blue Hydrogen Market Size, Share, Growth Analysis, By Production Technology(Steam methane reforming (SMR), autothermal reforming (ATR)), By Application(Transportation, power generation) - Industry Forecast 2024-2031

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Global Blue Hydrogen Market Size, Share, Growth Analysis, By Production Technology(Steam methane reforming (SMR), autothermal reforming (ATR)), By Application(Transportation, power generation) - Industry Forecast 2024-2031

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