PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516094
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516094
North America blue hydrogen market size is expected to register 2.5% CAGR between 2024 to 2032, driven by abundant natural gas reserves and the increasing focus on reducing carbon emissions. Steam methane reforming (SMR) or autothermal reforming (ATR) processes from natural gas produce blue liquid hydrogen, which is combined with carbon capture and storage (CCS) technologies to reduce greenhouse gas emissions.
Stringent environmental regulations and the growing climate change concerns are also fueling the adoption of blue liquid hydrogen as a clean alternative to conventional fossil fuels. The strong commitment towards reducing greenhouse gas emissions and transitioning to a zero-carbon economy in the region will fuel the product demand. For instance, in May 2024, FuelCell Energy and Toyota Motor NA opened a "Tri-gen" system for producing electricity, hydrogen, and water.
The North America blue hydrogen industry is segmented into technology, application, and country.
Based on technology, the market value from the partial oxidation segment is projected to observe substantial CAGR through 2032 due to its efficiency and cost-effectiveness in converting natural gas into hydrogen while capturing carbon emissions. Using carbon capture and storage (CCS) technology, carbon dioxide produced during partial oxidation can be captured and stored underground, resulting in low carbon hydrogen production.
North America blue hydrogen industry from the chemical application segment is anticipated to record significant growth rate during 2024- 2032. Blue hydrogen produced by partial oxidation combined with steam methane reforming (SMR) or carbon capture storage (CCS) technology acts as a clean and sustainable feedstock to produce specialty chemicals, such as ammonia, methanol and gasoline, which are used for manufacturing. As industries in North America strive to reduce their carbon footprint and comply with stricter environmental regulations, blue liquid hydrogen is gaining acceptance as a cleaner in replacement of conventional fossil fuels.
Canada blue hydrogen market is predicted to grow at a significant CAGR through 2032, attributed to the vast reserves of natural gas, particularly in regions like Alberta and British Columbia, to serve as abundant and cost-effective feedstocks. The strong commitment to limit carbon emissions and transition to a carbon-free economy will further increase the demand for blue water hydrogen as a clean alternative to conventional fuels in the country.