Blue Hydrogen Market: A Look at the Industry's Segments and Opportunities

Emergen Research has recently published a detailed report on the global Blue Hydrogen Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Blue Hydrogen Market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Blue Hydrogen Market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.

The global blue hydrogen market size reached USD 1.02 Billion in 2021 and is expected to register a revenue CAGR of 14.8% during the forecast period. Rapid increase in fuel prices and increasing pollution due to combustion of fossil fuels are expected to support market revenue growth during 2022-2030.

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Rapid climate change due to global warming is expected to increase demand for cleaner alternatives with minimal emissions. According to a recent report by the Intergovernmental Panel on Climate Change (IPCC), greenhouse gas emissions from human activity are responsible for warming of the atmosphere by about 1.1° C from 1850 to 1900, and the average global temperature over the next 20 years is projected to be 1.5° C or higher than the pre-industrial levels. Rapid climate change caused by global warming has adversely affected weather patterns, causing irregular rainfalls, droughts, and desertification, thereby reducing agricultural productivity and increasing global hunger rates. This is expected to increase demand for blue hydrogen as an alternative source of energy and thus, drive revenue growth of the market during the forecast period.

COVID-19 Impact Analysis:

This report is the latest document encompassing the massive changes that took place in the Blue Hydrogen market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Blue Hydrogen market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and…