Global Blue Hydrogen Market Size Share Trends Analysis Re - Delhi - Delhi ID1506003

Blue hydrogen is steam methane reforming (SMR) or autothermal reforming (ATR) processes in conjunction with carbon capture and storage (CCS) technology. As it intends to reduce the greenhouse gas emissions linked to conventional techniques of producing hydrogen, it represents a significant achievement in the field of clean energy. From a climate standpoint, the combination of carbon capture and storage with hydrogen production offers numerous important advantages. Blue hydrogen can significantly contribute to the decarbonization of challenging industries like heavy industry and transportation by lowering greenhouse gas emissions.

Recently Hydrogen Council estimates that demand for hydrogen could exceed 530Mtpa by 2050, and if that demand was met by clean hydrogen, could deliver 6Bt CO2 abatement in that year (Hydrogen Council 2017 use of blue hydrogen increasing. As a feedstock or reducing agent, hydrogen is the only practical alternative in several industrial sectors, such as steel, cement, and chemicals. These "hard-to-abate" sectors can continue to operate while significantly reducing their carbon emissions thanks to blue hydrogen's carbon capture technology.

The Global Blue Hydrogen Market was valued around US $18.7 BN in 2022 and is expected to reach US $44.9 BN by 2030 with a CAGR of 13.23% during the forecast period.