InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global White (Natural) Hydrogen Market- (By Source (Serpentinization of Olivine and Pyroxene Ultramafic Rocks, Volcanic Activity and Magma Crystallization, Hydrothermal Vents, Degassing Primordial Hydrogen and Others), By End-user Application (Oil and Gas, Industrial Feedstock, Mobility, Power Generation and Others)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global White (Natural) Hydrogen Market is valued at US$ XX Bn in 2023, and it is expected to reach US$ XX Bn by 2031, with a CAGR of XX% during the forecast period of 2024-2031.
White (natural) hydrogen refers to hydrogen that originates in the earth’s crust and is produced by nature. The idea behind white hydrogen is that hydrogen gas can be produced and collected from subsurface deposits through drilling or other extraction methods. White (natural) hydrogen is an environmentally friendly energy source. White hydrogen produces no carbon dioxide gas when used. An increasingly practical energy choice may become white hydrogen as detection and extraction technologies for natural deposits improve and the market demand grows. In addition, white hydrogen finds an accommodating setting as the world moves toward a hydrogen economy, with expenditures in fuel cell technology, hydrogen infrastructure, and end-use applications likely breaking the market’s growth. Moreover, white hydrogen’s availability and economic viability can be enhanced if greater geological research uncovers other sources of natural hydrogen, which will also expand the market growth in the coming years.
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List of Prominent Players in the White (Natural) Hydrogen Market:
- Helios
- Natural Hydrogen Energy LLC
- Koloma
- Hydroma Inc.
- H2Au
- La Francaise de l Energie SA
- Gold Hydrogen Limited
- HyTerra
- Others
Market Dynamics:
Drivers-
The growing demand for the white (natural) hydrogen market is fueled by growing concern for the environment, which led to a worldwide interest in white hydrogen as a possible zero-emission fuel that does not involve the environmental hazards of conventional hydrogen production. White hydrogen utilization is now a more realistic possibility due to advancements in exploration and extraction technology, which has prompted investment and study in this field. A further factor fueling the white hydrogen is the backing it has received from national and international organizations in the form of tax breaks and incentive programs driven by the rising worldwide market growth.
Challenges:
The prime challenge is the lack of expertise and resources to properly detect and extract, which is predicted to slow the growth of the white (natural) hydrogen market. Insufficient knowledge and tools to effectively identify, extract, and use these renewable hydrogen sources. Exploration attempts are made more complicated by the fact that the geology of natural hydrogen is still not completely understood and that occurrences can be unpredictable and irregular. Furthermore, the expensive intricate infrastructure is required to capture, store, and transport hydrogen, especially in its gaseous state. As a whole, these factors slow down the process of developing white hydrogen.
Regional Trends:
The North American white (natural) hydrogen market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future because of investment in renewable and environmentally friendly power generation, technological companies that prioritize energy innovation, and a policy climate that encourages the development of new energy industries. Besides, Europe has a substantial market share because it is more focused on minimizing emissions of greenhouse gases and promoting environmental sustainability, and rising awareness in Europe is fueling a trend toward natural hydrogen, which in turn is increasing demand for white (natural) hydrogen.
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Recent Developments:
- In February 2024, H2Au, in partnership with the Geological Society of London and other notable personalities in the field, is organizing a groundbreaking conference titled “Natural Hydrogen: A New Frontier for Energy Geoscience.
- In January 2024, Koloma released an amount of natural hydrogen from deposits deep underground into the atmosphere as a greenhouse gas.
Segmentation of Global White (Natural) Hydrogen Market-
Global White (Natural) Hydrogen Market- By End-User Application-
- Oil and Gas
- Industrial Feedstock
- Mobility
- Power Generation
- Others
Global White (Natural) Hydrogen Market- By Source-
- Serpentinization of Olivine and Pyroxene Ultramafic Rocks
- Volcanic Activity and Magma Crystallization
- Hydrothermal Vents
- Degassing Primordial Hydrogen
- Others
Global White (Natural) Hydrogen Market- By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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