Research Nester’s recent market research analysis on “Blue Hydrogen Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global blue hydrogen market in terms of market segmentation by technology, transportation mode, end user and by region.

Extensive Efforts to Decarbonize Multiple Application and Stringent Regulations and Targets to Promote Global Market Share of Blue Hydrogen Market
The global blue hydrogen market is estimated to grow majorly on account of the increased greenhouse emission and ongoing investment for hydrogen by public and private sectors. Furthermore, the surging applications of blue hydrogen in the fuel-cell electric vehicles and growing demand from the chemical sector are also major factors driving the demand for blue hydrogen. In the year 2021, electric cars sale reached almost 26 million, fostering the growth of the global blue hydrogen market. The blue hydrogen that is produced from fossil fuels can contribute to reducing the dimension of the CCE. The blue hydrogen has the capability to sequester and capture carbon emissions and mitigate environmental impact. There has been rising collaboration and partnership across the hydrogen value chain to develop blue hydrogen projects in line. Other than this, there has been increased demand for hydrogen vehicles in recent times because blue hydrogen is frequently promoted as low carbon fuel for powering automobiles. In the year 2021, the number of hydrogen fuel cell electric vehicles reached almost 72,100 vehicles. On the back of these factors, the growth of the blue hydrogen market is projected to hold remarkable revenue in the forecasted period. The market is offering lucrative opportunities for the investors in the future.
Some of the major growth factors and challenges that are associated with the growth of the global blue hydrogen market are:
Growth Drivers:
• Rising Efforts to Eliminate Carbon from Environment
• Rising Initiatives from Governments to Develop Hydrogen Economy
Challenges:
Challenges associated with the carbon capture storage infrastructure, chances of higher global warming, high initial investment, and stringent rules & regulation related to investment are some of the major factors anticipated to hamper the global market size of blue hydrogen market.
Access our detailed report at: https://www.researchnester.com/reports/blue-hydrogen-market/5688
By end users, the global blue hydrogen market is segmented into petroleum refineries, chemical industries, and power generation facilities. Out of these, the power generation facilities segment is projected to gain robust market share of almost 45% in the coming years. Blue hydrogen is primarily used to generate power and when ignited or turned into electricity, it emits no carbon or very less carbon.
By region, the Europe blue hydrogen market is to generate the highest revenue by the end of 2036. The growth of the market can be attributed to the supportive measures taken by the government to promote the market opportunities.
This report also provides the existing competitive scenario of some of the key players of the global blue hydrogen market which includes company profiling of Linde Plc, Air Liquide, Shell Group of Companies, Air Products and Chemicals, Inc., Engie, Equinor ASA, SOL Group, Iwatani Corp., INOX Air Products Ltd., Exxon Mobil Corp., Toray Industries and others.