Blue Hydrogen Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology, By Transportation Mode, By Application By Region & Competition, 2020-2030F

Description

The Global Blue Hydrogen Market, valued at USD 18.22 Billion in 2024, is projected to experience robust expansion with a CAGR of 19.29% to reach USD 52.51 Billion by 2030. Blue hydrogen is defined as hydrogen produced from natural gas through processes like steam methane reforming, with the concomitant capture, utilization, and storage of carbon dioxide emissions. The market's expansion is driven by a global imperative for industrial decarbonization, the implementation of stringent emissions regulations, and the increasing integration of carbon capture, utilization, and storage technologies into existing hydrogen production facilities.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 18.22 Billion
Market Size 2030	USD 52.51 Billion
CAGR 2025-2030	19.29%
Fastest Growing Segment	Power Generation
Largest Market	Europe

Key Market Drivers

The global imperative for decarbonization and the associated stringent climate policies represent a fundamental driver for the blue hydrogen market. Governments worldwide are increasingly implementing strategies to reduce industrial emissions and transition to lower-carbon energy carriers, positioning blue hydrogen as a viable solution given its established production pathways.

Key Market Challenges

The substantial capital expenditure required for carbon capture infrastructure poses a significant impediment to the growth of the Global Blue Hydrogen Market. The high upfront investment associated with designing, constructing, and integrating carbon capture, utilization, and storage technologies into hydrogen production facilities creates considerable financial barriers for project developers. These elevated initial costs often render blue hydrogen projects less competitive against other energy alternatives, thereby hindering their widespread adoption and scalability.

Key Market Trends

The blue hydrogen market is experiencing a notable shift towards specialized low-carbon derivatives and advanced production methods. A significant trend involves the growing focus on blue ammonia and methanol production for export markets. These carriers offer efficient transportation of hydrogen over long distances and leverage existing infrastructure for global trade, opening new avenues for decarbonization in hard-to-abate sectors.

Key Market Players

Air Products and Chemicals, Inc.
Equinor ASA
Shell plc
TotalEnergies SE
Siemens AG
Linde plc
Mitsubishi Heavy Industries, Ltd.
General Electric Company
Iberdrola S.A.
RWE Aktiengesellschaft

Report Scope:

In this report, the Global Blue Hydrogen Markethas been segmented into the following categories, in addition to the industrytrends which have also been detailed below:

Global Blue Hydrogen Market, ByTechnology:

Steam Methane Reforming
Gas Partial Oxidation
Auto Thermal Reforming

Global Blue Hydrogen Market, By Transportation Mode:

Pipeline
Cryogenic Liquid Tankers

Global Blue Hydrogen Market, ByApplication:

Chemicals
Refinery
Power Generation
Others

Global Blue Hydrogen Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Blue Hydrogen Market.

Available Customizations:

Global Blue Hydrogen Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Blue Hydrogen Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Technology (Steam Methane Reforming, Gas Partial Oxidation, Auto Thermal Reforming)
- 5.2.2. By Transportation Mode (Pipeline, Cryogenic Liquid Tankers)
- 5.2.3. By Application (Chemicals, Refinery, Power Generation, Others)
- 5.2.4. By Region (Asia Pacific, North America, South America, Middle East &Africa, Europe)
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Blue Hydrogen Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Transportation Mode
- 6.2.3. By Application
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Blue Hydrogen Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Technology
    - 6.3.1.2.2. By Transportation Mode
    - 6.3.1.2.3. By Application
- 6.3.2. Canada Blue Hydrogen Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Technology
    - 6.3.2.2.2. By Transportation Mode
    - 6.3.2.2.3. By Application
- 6.3.3. Mexico Blue Hydrogen Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Technology
    - 6.3.3.2.2. By Transportation Mode
    - 6.3.3.2.3. By Application

7. Europe Blue Hydrogen Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Transportation Mode
- 7.2.3. By Application
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Blue Hydrogen Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Technology
    - 7.3.1.2.2. By Transportation Mode
    - 7.3.1.2.3. By Application
- 7.3.2. United Kingdom Blue Hydrogen Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Technology
    - 7.3.2.2.2. By Transportation Mode
    - 7.3.2.2.3. By Application
- 7.3.3. Italy Blue Hydrogen Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Technology
    - 7.3.3.2.2. By Transportation Mode
    - 7.3.3.2.3. By Application
- 7.3.4. France Blue Hydrogen Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Technology
    - 7.3.4.2.2. By Transportation Mode
    - 7.3.4.2.3. By Application
- 7.3.5. Spain Blue Hydrogen Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Technology
    - 7.3.5.2.2. By Transportation Mode
    - 7.3.5.2.3. By Application

8. Asia-Pacific Blue Hydrogen Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Transportation Mode
- 8.2.3. By Application
- 8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Blue Hydrogen Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Technology
    - 8.3.1.2.2. By Transportation Mode
    - 8.3.1.2.3. By Application
- 8.3.2. India Blue Hydrogen Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Technology
    - 8.3.2.2.2. By Transportation Mode
    - 8.3.2.2.3. By Application
- 8.3.3. Japan Blue Hydrogen Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Technology
    - 8.3.3.2.2. By Transportation Mode
    - 8.3.3.2.3. By Application
- 8.3.4. South Korea Blue Hydrogen Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Technology
    - 8.3.4.2.2. By Transportation Mode
    - 8.3.4.2.3. By Application
- 8.3.5. Australia Blue Hydrogen Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Technology
    - 8.3.5.2.2. By Transportation Mode
    - 8.3.5.2.3. By Application

9. South America Blue Hydrogen Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Transportation Mode
- 9.2.3. By Application
- 9.2.4. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Blue Hydrogen Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Technology
    - 9.3.1.2.2. By Transportation Mode
    - 9.3.1.2.3. By Application
- 9.3.2. Argentina Blue Hydrogen Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Technology
    - 9.3.2.2.2. By Transportation Mode
    - 9.3.2.2.3. By Application
- 9.3.3. Colombia Blue Hydrogen Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Technology
    - 9.3.3.2.2. By Transportation Mode
    - 9.3.3.2.3. By Application

10. Middle East and Africa Blue Hydrogen Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Transportation Mode
- 10.2.3. By Application
- 10.2.4. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Blue Hydrogen Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Technology
    - 10.3.1.2.2. By Transportation Mode
    - 10.3.1.2.3. By Application
- 10.3.2. Saudi Arabia Blue Hydrogen Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Technology
    - 10.3.2.2.2. By Transportation Mode
    - 10.3.2.2.3. By Application
- 10.3.3. UAE Blue Hydrogen Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Technology
    - 10.3.3.2.2. By Transportation Mode
    - 10.3.3.2.3. By Application
- 10.3.4. Kuwait Blue Hydrogen Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Technology
    - 10.3.4.2.2. By Transportation Mode
    - 10.3.4.2.3. By Application
- 10.3.5. Turkey Blue Hydrogen Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Technology
    - 10.3.5.2.2. By Transportation Mode
    - 10.3.5.2.3. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1. Air Products and Chemicals, Inc.
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Equinor ASA
- 13.2.1. Business Overview
- 13.2.2. Key Revenue and Financials
- 13.2.3. Recent Developments
- 13.2.4. Key Personnel/Key Contact Person
- 13.2.5. Key Product/Services Offered
13.3. Shell plc
- 13.3.1. Business Overview
- 13.3.2. Key Revenue and Financials
- 13.3.3. Recent Developments
- 13.3.4. Key Personnel/Key Contact Person
- 13.3.5. Key Product/Services Offered
13.4. TotalEnergies SE
- 13.4.1. Business Overview
- 13.4.2. Key Revenue and Financials
- 13.4.3. Recent Developments
- 13.4.4. Key Personnel/Key Contact Person
- 13.4.5. Key Product/Services Offered
13.5. Siemens AG
- 13.5.1. Business Overview
- 13.5.2. Key Revenue and Financials
- 13.5.3. Recent Developments
- 13.5.4. Key Personnel/Key Contact Person
- 13.5.5. Key Product/Services Offered
13.6. Linde plc
- 13.6.1. Business Overview
- 13.6.2. Key Revenue and Financials
- 13.6.3. Recent Developments
- 13.6.4. Key Personnel/Key Contact Person
- 13.6.5. Key Product/Services Offered
13.7. Mitsubishi Heavy Industries, Ltd.
- 13.7.1. Business Overview
- 13.7.2. Key Revenue and Financials
- 13.7.3. Recent Developments
- 13.7.4. Key Personnel/Key Contact Person
- 13.7.5. Key Product/Services Offered
13.8. General Electric Company
- 13.8.1. Business Overview
- 13.8.2. Key Revenue and Financials
- 13.8.3. Recent Developments
- 13.8.4. Key Personnel/Key Contact Person
- 13.8.5. Key Product/Services Offered
13.9. Iberdrola S.A.
- 13.9.1. Business Overview
- 13.9.2. Key Revenue and Financials
- 13.9.3. Recent Developments
- 13.9.4. Key Personnel/Key Contact Person
- 13.9.5. Key Product/Services Offered
13.10. RWE Aktiengesellschaft
- 13.10.1. Business Overview
- 13.10.2. Key Revenue and Financials
- 13.10.3. Recent Developments
- 13.10.4. Key Personnel/Key Contact Person
- 13.10.5. Key Product/Services Offered