Growth Opportunities for Carbon Capture Application in the Blue Hydrogen Industry

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