Market Forecast By Technology (Steam Methane Reforming (SMR), Gas Partial Oxidation (POX), Auto Thermal Reforming (ATR)), By End user (Petroleum Refineries, Chemical Industry, Power Generation Facilities, Others) And Competitive Landscape
Product Code: ETC4520202 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Qatar Blue Hydrogen Market |
Forecast period | 2025-2031 |
CAGR | 6.9% |
Growing Sector | Transport |
Qatar Blue Hydrogen Market report thoroughly covers the market by technology and by end-user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar Blue Hydrogen Market involves the production of blue hydrogen through natural gas reforming. The process involves capturing the CO2 released as a by-product during hydrogen production, and it is then liquefied and transported. Currently, Qatar is the largest LNG producer globally and plans to leverage its world-class natural gas reserves to capture a significant share of the rising global demand for hydrogen fuel.
According to 6Wresearch, the Qatar Blue Hydrogen Market size is expected to grow at a CAGR of 6.9% during the forecast period of 2025-2031. The country’s Blue Hydrogen Market has enormous potential to become the backbone of a sustainable energy future. It has become a major driver for Qatar's transition towards a low-carbon economy, which will enable it to achieve its national objectives of sustainable development, diversification of its economy, and decarbonization. Additionally, the emerging global demand for low-carbon energy and greater interest from countries across the world to reduce carbon emissions and meet climate goals will be key drivers of the market. The hydrogen market is expected to grow substantially in the coming years, owing to its advancement as a clean energy solution with potential applications across multiple industries, including transportation, industry, power, and buildings. Qatar is well placed to tap into this growing demand. Furthermore, the Blue Hydrogen Market is developing exponentially due to the increasing need to reduce greenhouse gas emissions and achieve carbon neutrality in the energy and transportation sectors. However, developing and upgrading existing infrastructure to accommodate hydrogen will pose a challenge to Qatar Blue Hydrogen Market Growth. Nevertheless, with technological and scientific advancements, the Blue Hydrogen Market is expected to grow rapidly, and investments made by corporations and governments across the world will open up new business opportunities.
The government has been actively promoting the development of hydrogen as an energy source. In 2020, the country introduced its National Hydrogen Strategy, which aims to promote the development of a sustainable hydrogen economy. The strategy focuses on developing a value chain for hydrogen production, storage, and distribution, as well as identifying potential applications of hydrogen in the transportation and industrial sectors. To achieve these goals, the government has introduced various measures, including tax incentives, grants, and subsidies, to support private sector investment in the hydrogen industry. For example, the government has exempted hydrogen production and distribution facilities from customs duties, and has provided land and infrastructure at discounted rates to attract foreign investors.
Several key players are driving the development of the Qatar Blue Hydrogen Industry forward. One of the biggest players in the market is Qatar Petroleum (QP), which is investing heavily in hydrogen production and research. Another major player in the market is Air Liquide, a French multinational company specializing in industrial gases and services. Other notable players in the Qatar Blue Hydrogen Market include Neom, a Saudi Arabian city under development, and Siemens, a German multinational company specializing in industrial engineering and electrical engineering.
The future looks bright for the Qatar Blue Hydrogen Market, as the demand for clean energy sources is set to soar in the coming years. According to a report by the International Energy Agency, hydrogen could meet 19% of the world's energy demand by 2050, up from 2% today. One of the biggest challenges facing the market, however, is the cost of hydrogen production. Blue hydrogen, which is produced from natural gas with carbon capture and storage (CCS) technology, is currently more expensive than Gray hydrogen, which is produced from fossil fuels without CCS.
According to Mayank, Senior Research Analyst, 6Wresearch, SMR is the most popular and widely used technology. The process involves heating natural gas with steam in a furnace to produce hydrogen and carbon dioxide. However, with the increase in CO2 emissions, new technologies like POX and ATR have also become popular.
By End-User, the petroleum industry currently dominates the Qatar Blue Hydrogen Market Share due to the abundance of natural gas resources in Qatar. They primarily use hydrogen for the refining process, which helps in the removal of sulfur and other impurities from crude oil.
The report offers a comprehensive study of the subsequent market segments:
Petroleum Refineries
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Blue Hydrogen Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Blue Hydrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Blue Hydrogen Market - Industry Life Cycle |
3.4 Qatar Blue Hydrogen Market - Porter's Five Forces |
3.5 Qatar Blue Hydrogen Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Qatar Blue Hydrogen Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Qatar Blue Hydrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Blue Hydrogen Market Trends |
6 Qatar Blue Hydrogen Market, By Types |
6.1 Qatar Blue Hydrogen Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Qatar Blue Hydrogen Market Revenues & Volume, By Technology, 2021 - 2031F |
6.1.3 Qatar Blue Hydrogen Market Revenues & Volume, By Steam Methane Reforming (SMR), 2021 - 2031F |
6.1.4 Qatar Blue Hydrogen Market Revenues & Volume, By Gas Partial Oxidation (POX), 2021 - 2031F |
6.1.5 Qatar Blue Hydrogen Market Revenues & Volume, By Auto Thermal Reforming (ATR), 2021 - 2031F |
6.2 Qatar Blue Hydrogen Market, By End user |
6.2.1 Overview and Analysis |
6.2.2 Qatar Blue Hydrogen Market Revenues & Volume, By Petroleum Refineries, 2021 - 2031F |
6.2.3 Qatar Blue Hydrogen Market Revenues & Volume, By Chemical Industry, 2021 - 2031F |
6.2.4 Qatar Blue Hydrogen Market Revenues & Volume, By Power Generation Facilities, 2021 - 2031F |
6.2.5 Qatar Blue Hydrogen Market Revenues & Volume, By Others, 2021 - 2031F |
7 Qatar Blue Hydrogen Market Import-Export Trade Statistics |
7.1 Qatar Blue Hydrogen Market Export to Major Countries |
7.2 Qatar Blue Hydrogen Market Imports from Major Countries |
8 Qatar Blue Hydrogen Market Key Performance Indicators |
9 Qatar Blue Hydrogen Market - Opportunity Assessment |
9.1 Qatar Blue Hydrogen Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Qatar Blue Hydrogen Market Opportunity Assessment, By End user, 2021 & 2031F |
10 Qatar Blue Hydrogen Market - Competitive Landscape |
10.1 Qatar Blue Hydrogen Market Revenue Share, By Companies, 2024 |
10.2 Qatar Blue Hydrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |