The Blue Hydrogen Market outlook remains strong as global demand for cleaner fuel alternatives continues to rise. Expanding infrastructure and supportive policies are accelerating adoption across industries. This positive outlook highlights sustained growth potential and increasing investment opportunities in the coming years.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Hydrogen Generation Market Size, Share & Trends Analysis Report By Technology (SMR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation), Source (Blue, Green, Gray), Generation Mode (Captive, And Merchant)- Market Outlook And Industry Analysis 2031"

The global Hydrogen Generation market is estimated to reach over USD 366.49 billion by 2031, exhibiting a CAGR of 9.46% during the forecast period. 

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Due to continuous urban and industrial growth, nations have been compelled to employ various power-producing technologies to meet demand. Likewise, development initiatives exist in populated regions, including the Middle East, Africa, and Asia-Pacific.

Concerns about using sustainable energy sources to reduce dependencies on fossil fuels like crude oil and natural gas are becoming more significant in the global economy. For instance, the Statistical Assessment of Global Energy 2020 by BP, published in June 2020, states that the overall energy consumption for the Asia Pacific region went from nearly 249.4 exajoules in 2018 to approximately 257.6 exajoules in 2019. As a result, this element is fueling the market CAGR.

Moreover, the demand for food will increase by a factor of two with an increase in population. More intensive farming, protective cropping systems, and the best fertilizer management practices will all be required to meet this growing need. Fertilizer management will make use of nitrogen fertilizers.

Ammonia is a critical component of nitrogen fertilizers, and the ideal form is ammonium nitrate. The rising global population will result in huge demand for agricultural products, demanding improved fertilization management systems. The market will expand due to the increased demand for ammonia to construct these systems.

List of Prominent Players in the Hydrogen Generation Market:

Linde plc,

Air Liquide,

Cummins Inc.,

Air Products Inc.,

Uniper SE,

Engie,

Siemens,

Nel ASA,

ITM Power,

Iberdola,

McPhy Energy S.A.,

Messer,

Enapter S.r.l.,

Orsted A/S,

Xebec Adsorption Inc.,

Grren Hydrogen,

Plug Power Inc.,

Atawey,

Hiringa Energy Limited

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Market Dynamics:

Drivers-

Decarbonization also describes a progressive decrease in the carbon footprint of primary energy. Decarbonizing the global energy system, which has increased demand for green energy technology and cleaner energy sources like hydrogen, is one of our biggest problems. This is encouraging the growth of the industry that produces hydrogen. Furthermore, the sector is expanding rapidly due to promoting government initiatives to reduce carbon footprints. As a clean energy fuel, hydrogen is expected to eventually reduce the need for oil, reducing greenhouse gas emissions and other pollutants. Hydrogen can be created from almost all energy sources, including biomass, wind, sun, nuclear, and clean fossil fuels.

Challenges:

A synthetic energy carrier is a hydrogen. Energy generated by numerous other processes is transported by it. Electrical energy is converted into hydrogen by water electrolysis. Nevertheless, high-grade electrical energy is also used to compress, liquefy, transport, transfer, or store the medium in addition to creating hydrogen. Hydrogen must be produced using energy. The energy intake and synthetic gas's energy level should ideally match. Energy transition occurs during the electrolysis and reforming processes, two common ways to produce hydrogen. Electrical energy, or the chemical energy of hydrocarbons, is turned into hydrogen's chemical energy. Energy losses always occur during the production of hydrogen.

Regional Trends:

The fastest-growing market is in the Asia-Pacific area as a result of China and India's increasing use of hydrogen for power generation. In addition, the government's expanded efforts to encourage green and clean energy in nations like Australia, Japan, and India are fostering market expansion. A vigorous economic development that facilitated the growth of the hydrogen-generating industry in this region was evidenced by the quick development of several sectors in numerous economies, including South Korea, China, Japan, and India. The attractive growth of the area is primarily attributable to the rising demand for electric vehicles fueled by fuel cells in the area. In addition, the region is seeing an increase in the production of power using renewable resources.

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Recent Developments:

In August 2022, A green hydrogen plant was put into operation by Larsen & Toubro (L&T) at its AM Naik Heavy Engineering Complex in Hazira, Gujarat, India. The facility would probably produce 45 kg of green hydrogen every day, which will be used exclusively in the company's Hazira manufacturing site for captive consumption.

Segmentation of Hydrogen Generation Market-

By Source-

Blue Hydrogen

Gray Hydrogen

Green Hydrogen

By Technologies-

Steam methane reforming (SMR)

Partial Oxidation (POX)

Coal gasification

Electrolysis

By Application-

Petroleum Refinery

Ammonia Production

Methanol Production

Transportation

Power Generation

By Generation-

Captive

Merchant

By Region-

North America-

The US

Canada

Mexico

Europe-

Germany

The UK

France

Italy

Spain

Rest of Europe

Asia-Pacific-

China

Japan

India

South Korea

South East Asia

Rest of Asia Pacific

Latin America-

Brazil

Argentina

Rest of Latin America

 Middle East & Africa-

GCC Countries

South Africa

Rest of Middle East and Africa

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Theory Versus Reality: The Dirty Hydrogen Story - Researchers at Cornell and Stanford say the promise of “blue” hydrogen is a very costly lie

 The hydrogen myth refuses to go away. The theory is fine — hydrogen when used as a fuel produces no carbon emissions. At most, it results in some water vapour and a little heat. If the world ran on hydrogen, the theory suggests, we could slash carbon and methane emissions and maybe forestall the existential climate crisis that is staring us in the face.

 The reality is very different. According to the New York Times, a peer-reviewed study by researchers at Cornell and Stanford has been published in the journal Energy Science & Engineering which finds that most hydrogen used today is extracted from natural gas in a process that requires a lot of energy and emits vast amounts of carbon dioxide. Producing natural gas also releases methane, a particularly potent greenhouse gas.

 "Further, our analysis does not consider the energy cost and associated greenhouse gas emissions from transporting and storing the captured carbon dioxide. Even without these considerations, though, blue hydrogen has large climatic consequences. We see no way that blue hydrogen can be considered 'green.'"

 See https://cleantechnica.com/2021/08/12/theory-versus-reality-the-dirty-hydrogen-story/

 #environment #bluehydrogen #hydrogen #fossilfuel