In India, the blue hydrogen market size was valued at $0.9 billion in 2021, and blue hydrogen industry is estimated to reach $3.5 billion by 2031, according to a new research by Allied Market Research. The report noted that the market is expected to expand at a CAGR of 14.1% from 2022 to 2031. “The blue hydrogen market shows significant growth potential across key regions driven by regional energy policies and resource availability. North America, particularly the U.S. and Canada, leads due to abundant natural gas reserves and strong government incentives supporting carbon capture and storage (CCS) technologies. Europe is another major market, propelled by aggressive climate goals and substantial investments in hydrogen infrastructure, especially in countries like Germany, the Netherlands, and the U.K,” the report stated. The report added that the Asia-Pacific region, led by China, Japan, and South Korea, is rapidly adopting blue hydrogen to meet growing industrial energy demands while transitioning towards cleaner energy sources.
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