Blue Hydrogen Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, UK, France - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 172 SKU: IRTNTR77648

Blue Hydrogen Market Forecast 2024-2028

The blue hydrogen market size is forecast to increase by USD 16.06 billion, at a CAGR of 13.75% between 2023 and 2028.  The report includes historic market data from 2018-2022. The market is witnessing a growing demand for the growing adoption of fuel cell-powered vehicles, the development of regional hubs and clusters, and the growing investments by companies

Market Overview :

  • The steam methane reforming segment is fastest fastest-growing segment during the forecast year
  • The steam methane reforming segment was the largest segment and was valued at USD 6.48 billion in 2018
  • North America is is most dominating region during the forecast period
  • The market growth and forecasting report also includes an in-depth analysis of the increasing government focus, the growing adoption of fuel cell-powered vehicles, and the high costs associated with production. 

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Market Trends 

The growing adoption of fuel cell-powered vehicles is the primary trend in the market. Environmentally sustainable technologies such as fuel cells are finding high adoption in the transport sector. Fuel cell systems are emerging as a promising fuel solution in the transport sector and are being adopted widely by several EV and material-handling equipment manufacturers. In the transport sector, range extension and/or propulsive power to vehicles such as material-handling vehicles, FCEVs, trucks, buses, rails, and autonomous vehicles. Primarily, passenger cars and material-handling vehicles have been boosting the adoption in the transport sector.

For instance, in December 2018, Hyundai Motor Group announced a long-term roadmap FCEV Vision 2030 plan to produce 700,000 fuel cell units annually by 2030. In addition, the company has been exploring new business opportunities for supplying its fuel cell systems to manufacturers of automobiles, vessels, drones, rolling stocks, and forklifts. This is used to manufacture fuel cells for electric vehicles and heavy transport such as shipping. Therefore, the growing adoption of vehicles will increase the demand for blue hydrogen, which will thus drive the growth of the market in focus during the forecast period.

Market Largest-Growing Segments 

Steam Methane Reforming Segment Analysis

Steam methane reforming (SMR) is a process by which methane is produced from natural gas by heating it with steam, typically with a catalyst such as copper, nickel, and zinc. Carbon monoxide and additional water are products of the SMR process. The carbon monoxide is converted to carbon dioxide, resulting in more hydrogen, which is used as fuel.

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Further, SMR helps to produce blue hydrogen with low carbon dioxide emission and lower cost than that of gas partial oxidation and auto thermal reforming. However, auto thermal reforming (ATR) is estimated to gain full momentum by 2030 owing to its benefits over SMR, such as high decarbonization capacities and favorable funding scenarios. Thus, the market growth of the segment is projected to slightly slow down during the forecast period.

Market Regional Analysis

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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America's market is propelled by its adoption across industries like chemicals, refining, and transportation to curb emissions. The US and Canada lead this market, spurred by supportive government policies and incentives. In the US, initiatives like the Department of Energy's Hydrogen and Fuel Cells Program drive R&D and infrastructure development. Fuel cell deployment in stationary and mobile applications is bolstered by policies like the Federal Investment Tax Credit. Canada is also investing in infrastructure, with initiatives like funding fueling stations. Thus, such government support and technological advancements are poised to significantly boost the market in North America during the forecast period.

Market Dynamic

Key Drivers 

Increasing government focus is the key factor driving the market. Growing government initiatives and policies, such as the European Union's ambitious Hydrogen Strategy, are pivotal in shaping the trajectory of the market, providing crucial support and direction for its expansion. One notable example is the European Union's ambitious Hydrogen Strategy, which aims to establish a clean hydrogen market and facilitate the production of blue hydrogen using renewable energy sources. On the national level, Germany's National Hydrogen Strategy is a comprehensive plan to advance hydrogen technologies, with a focus on both domestic and international partnerships.

Similarly, in the US, the Biden administration's focus on clean energy has led to the inclusion of hydrogen in the American Jobs Plan. The plan allocates substantial funds for the development and deployment of such technologies, emphasizing their role in achieving climate goals and promoting job creation. Additionally, technological advancements such as reforming technology and partial oxidation are enhancing the efficiency of blue hydrogen production while reducing carbon emissions. These initiatives are driving the adoption of blue ammonia and cryogenic liquid tankers as a preferred transportation mode for hydrogen, meeting the growing demand blue hydrogen while minimizing thermal losses. Thus, the increasing government focus on boosting clean hydrogen generation is expected to drive the growth of the market in focus during the forecast period.

Significance Challenges 

High costs associated with production is a major challenge that affects market expansion. The production costs associated with different hydrogen types, particularly green and blue hydrogen produced through renewable energy, remain relatively high. The current levelized cost of production ranges widely from USD 1 to 4 per kilogram, rendering it economically unviable. Similarly, in 2021, the cost of blue hydrogen in the UK was around 35%-40% higher than the expected price for the same year.

Further, the capital cost encompasses essential components such as the reformer unit, steam turbine, necessary balance of plant, and other units depending on the technology employed. CAPEX encompasses expenses related to the reactor units, essential balance of plant components, and electricity grid connection. On the other hand, OPEX includes costs linked to various variable and fixed parameters. Thus, the high costs associated with the production may impede the expansion rate of the market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Air Liquide SA: The company offers blue hydrogen that can be used in fuel cells to generate heat and electricity, and it is also a useful raw material for many industrial sectors.

The market report also includes detailed analyses of the competitive landscape of the market and information about 17 market companies, including:

  • Air Products and Chemicals Inc.
  • Ceres Power Holdings plc
  • CERTIFHY CONSORTIUM
  • Chart Industries Inc.
  • Cummins Inc.
  • Equinor ASA
  • Exxon Mobil Corp.
  • Iwatani Corp.
  • Linde Plc
  • Messer SE and Co. KGaA
  • Mitsubishi Corp.
  • Nel ASA
  • Orsted AS
  • Shell plc
  • Siemens AG
  • Uniper SE

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research and growth report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Technology Outlook
    • Steam methane reforming
    • Gas partial oxidation
    • Auto thermal reforming
  • End-user Outlook
    • Petroleum refinery
    • Chemical industry
    • Power generation
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brail
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

Blue hydrogen, a synthetic energy carrier, emerges as a game-changer in the fossil fuel dominated market. Its potential spans diverse sectors, including transportation, aerospace, and material handling equipment. Fuel cell electric vehicles and commercial aircraft are swiftly integrating blue hydrogen due to its low-carbon footprint and compatibility with existing gas networks. However, challenges persist. Technological obstacles hinder mass adoption, while legal obstacles and interoperability problems stall progress.

Despite this, pilot projects showcase its viability, attracting industrial clients seeking low-carbon fuel options. Hydrogen refueling stations are burgeoning, but energy loss during water electrolysis remains a concern. The blue hydrogen market revolutionizes energy landscape with a focus on energy efficiency and behavioral modification, the value chain aims for net zero emission targets. The future hinges on overcoming hurdles and embracing low-carbon technologies for a sustainable energy system.

Market Scope

Report Coverage

Details

Page number

172

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.75%

Market Growth 2024-2028

USD 16.06 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

13.55

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Air Liquide SA, Air Products and Chemicals Inc., Ceres Power Holdings plc, CERTIFHY CONSORTIUM, Chart Industries Inc., Cummins Inc., Equinor ASA, Exxon Mobil Corp., Iwatani Corp., Linde Plc, Messer SE and Co. KGaA, Mitsubishi Corp., Nel ASA, Orsted AS, Shell plc, Siemens AG, and Uniper SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global blue hydrogen market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global blue hydrogen market 2018 - 2022 ($ billion)
    • 4.2 Technology Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Technology Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 6.3 Steam methane reforming - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Steam methane reforming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Steam methane reforming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Steam methane reforming - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Steam methane reforming - Year-over-year growth 2023-2028 (%)
    • 6.4 Gas partial oxidation - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Gas partial oxidation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Gas partial oxidation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Gas partial oxidation - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Gas partial oxidation - Year-over-year growth 2023-2028 (%)
    • 6.5 Auto thermal reforming - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Auto thermal reforming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Auto thermal reforming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Auto thermal reforming - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Auto thermal reforming - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Technology
      • Exhibit 46: Market opportunity by Technology ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Technology ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Petroleum refinery - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Petroleum refinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Petroleum refinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Petroleum refinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Petroleum refinery - Year-over-year growth 2023-2028 (%)
    • 7.4 Chemical industry - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Chemical industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Chemical industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Chemical industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Chemical industry - Year-over-year growth 2023-2028 (%)
    • 7.5 Power generation - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Power generation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Power generation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Power generation - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Power generation - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ billion)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 France - Market size and forecast 2023-2028
      • Exhibit 111: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Air Liquide SA
              • Exhibit 123: Air Liquide SA - Overview
              • Exhibit 124: Air Liquide SA - Business segments
              • Exhibit 125: Air Liquide SA - Key news
              • Exhibit 126: Air Liquide SA - Key offerings
              • Exhibit 127: Air Liquide SA - Segment focus
            • 12.4 Air Products and Chemicals Inc.
              • Exhibit 128: Air Products and Chemicals Inc. - Overview
              • Exhibit 129: Air Products and Chemicals Inc. - Business segments
              • Exhibit 130: Air Products and Chemicals Inc. - Key news
              • Exhibit 131: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 132: Air Products and Chemicals Inc. - Segment focus
            • 12.5 Ceres Power Holdings plc
              • Exhibit 133: Ceres Power Holdings plc - Overview
              • Exhibit 134: Ceres Power Holdings plc - Business segments
              • Exhibit 135: Ceres Power Holdings plc - Key news
              • Exhibit 136: Ceres Power Holdings plc - Key offerings
              • Exhibit 137: Ceres Power Holdings plc - Segment focus
            • 12.6 Chart Industries Inc.
              • Exhibit 138: Chart Industries Inc. - Overview
              • Exhibit 139: Chart Industries Inc. - Business segments
              • Exhibit 140: Chart Industries Inc. - Key news
              • Exhibit 141: Chart Industries Inc. - Key offerings
              • Exhibit 142: Chart Industries Inc. - Segment focus
            • 12.7 Equinor ASA
              • Exhibit 143: Equinor ASA - Overview
              • Exhibit 144: Equinor ASA - Business segments
              • Exhibit 145: Equinor ASA - Key offerings
              • Exhibit 146: Equinor ASA - Segment focus
            • 12.8 Exxon Mobil Corp.
              • Exhibit 147: Exxon Mobil Corp. - Overview
              • Exhibit 148: Exxon Mobil Corp. - Business segments
              • Exhibit 149: Exxon Mobil Corp. - Key news
              • Exhibit 150: Exxon Mobil Corp. - Key offerings
              • Exhibit 151: Exxon Mobil Corp. - Segment focus
            • 12.9 Iwatani Corp.
              • Exhibit 152: Iwatani Corp. - Overview
              • Exhibit 153: Iwatani Corp. - Business segments
              • Exhibit 154: Iwatani Corp. - Key offerings
              • Exhibit 155: Iwatani Corp. - Segment focus
            • 12.10 Linde Plc
              • Exhibit 156: Linde Plc - Overview
              • Exhibit 157: Linde Plc - Business segments
              • Exhibit 158: Linde Plc - Key news
              • Exhibit 159: Linde Plc - Key offerings
              • Exhibit 160: Linde Plc - Segment focus
            • 12.11 Messer SE and Co. KGaA
              • Exhibit 161: Messer SE and Co. KGaA - Overview
              • Exhibit 162: Messer SE and Co. KGaA - Product / Service
              • Exhibit 163: Messer SE and Co. KGaA - Key offerings
            • 12.12 Mitsubishi Corp.
              • Exhibit 164: Mitsubishi Corp. - Overview
              • Exhibit 165: Mitsubishi Corp. - Business segments
              • Exhibit 166: Mitsubishi Corp. - Key news
              • Exhibit 167: Mitsubishi Corp. - Key offerings
              • Exhibit 168: Mitsubishi Corp. - Segment focus
            • 12.13 Nel ASA
              • Exhibit 169: Nel ASA - Overview
              • Exhibit 170: Nel ASA - Business segments
              • Exhibit 171: Nel ASA - Key offerings
              • Exhibit 172: Nel ASA - Segment focus
            • 12.14 Orsted AS
              • Exhibit 173: Orsted AS - Overview
              • Exhibit 174: Orsted AS - Product / Service
              • Exhibit 175: Orsted AS - Key news
              • Exhibit 176: Orsted AS - Key offerings
            • 12.15 Shell plc
              • Exhibit 177: Shell plc - Overview
              • Exhibit 178: Shell plc - Business segments
              • Exhibit 179: Shell plc - Key news
              • Exhibit 180: Shell plc - Key offerings
              • Exhibit 181: Shell plc - Segment focus
            • 12.16 Siemens AG
              • Exhibit 182: Siemens AG - Overview
              • Exhibit 183: Siemens AG - Business segments
              • Exhibit 184: Siemens AG - Key news
              • Exhibit 185: Siemens AG - Key offerings
              • Exhibit 186: Siemens AG - Segment focus
            • 12.17 Uniper SE
              • Exhibit 187: Uniper SE - Overview
              • Exhibit 188: Uniper SE - Business segments
              • Exhibit 189: Uniper SE - Key offerings
              • Exhibit 190: Uniper SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              blue hydrogen market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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