Growth Opportunities for Carbon Capture Application in the Blue Hydrogen Industry

Growth Opportunities for Carbon Capture Application in the Blue Hydrogen Industry

Future Growth Potential Enhanced by Regulatory Frameworks, Industrial Decarbonization, and Innovations in Carbon Capture, Utilization, and Storage Technology

RELEASE DATE
27-Mar-2023
REGION
Global
Research Code: K829-01-00-00-00
SKU: EG02308-GL-MT_27483
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Blue hydrogen production is among the topmost growing segments of the carbon capture, utilization, and storage (CCUS) market. The blue hydrogen sector is estimated to grow exponentially after 2024, mainly driven by immense government support, such as funding, incentives, and regulations for its development and deployment. In addition, the demand for blue hydrogen as low-carbon energy will grow in multiple industrial sectors, such as automobiles, fertilizers, and chemicals.

CCUS is the primary enabling solution for blue hydrogen, where the combustion of fossil fuels produces hydrogen, and the captured carbon emissions aid decarbonization. The number of companies investing in this space is growing fast, and a highly competitive ecosystem of participants is emerging.

This study presents the most dynamic growth opportunities in the carbon capture market for blue hydrogen applications, as well as provides detailed revenue and capacity forecasts till 2030, including segmentations by carbon capture technology, type of fossil fuel, and region.

Author: Mahesh Radhakrishnan

Blue hydrogen production is among the topmost growing segments of the carbon capture, utilization, and storage (CCUS) market. The blue hydrogen sector is estimated to grow exponentially after 2024, mainly driven by immense government support, such as funding, incentives, and regulations for its development and deployment. In addition, the demand for blue hydrogen as low-carbon energy will grow in multiple industrial sectors, such as automobiles, fertilizers, and chemicals. CCUS is the primary enabling solution for blue hydrogen, where the combustion of fossil fuels produces hydrogen, and the captured carbon emissions aid decarbonization. The number of companies investing in this space is growing fast, and a highly competitive ecosystem of participants is emerging. This study presents the most dynamic growth opportunities in the carbon capture market for blue hydrogen applications, as well as provides detailed revenue and capacity forecasts till 2030, including segmentations by carbon capture technology, type of fossil fuel, and region. Author: Mahesh Radhakrishnan
More Information
Author Mahesh Radhakrishnan
Industries Energy
No Index No
Is Prebook No
Keyword 1 CCUS Market
Keyword 2 Carbon Capture Market
Keyword 3 carbon capture hydrogen production
Podcast No
WIP Number K829-01-00-00-00