Description

The production of blue hydrogen is one of the most dynamic growth opportunities in the overall carbon capture, utilization and storage (CCUS) market. The blue hydrogen market is expected to grow exponentially after 2024, mainly driven by government support such as funding, incentives and regulations to support its development and deployment. Also, there will be growing demand for blue hydrogen as a low-carbon energy in multiple industrial sectors. CCUS is the key enabling solution for blue hydrogen, where hydrogen is produced from the combustion of fossil fuels but the carbon emissions are captured to 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 providing detailed revenue and capacity forecasts to 2030, including segmentations by carbon capture technology, fossil fuel type, and region.