Global Blue Hydrogen Market Size & Outlook, 2023-2030
Global blue hydrogen market, 2018-2030 (US$M)
Related Markets
Global blue hydrogen market highlights
- The global blue hydrogen market generated a revenue of USD 3,232.5 million in 2023 and is expected to reach USD 10,483.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.3% by 2030.
- In terms of segment, power generation accounted for a revenue of USD 2,331.7 million in 2023.
- Refinery is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, MEA was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,232.5 million |
| Market revenue in 2030 | USD 10,483.6 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Refinery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power Generation, Chemical, Refinery |
Other key industry trends
- In terms of revenue, the North America accounted for 27.6% of the global blue hydrogen market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 607.4 million by 2030.
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Blue Hydrogen Market Scope
Blue Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global blue hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blue hydrogen market will help companies and investors design strategic landscapes.
Power generation was the largest segment with a revenue share of 72.13% in 2023. Horizon Databook has segmented the Global blue hydrogen market based on power generation, chemical, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Blue Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Chemical
- Refinery
- Global Blue Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
- Coal Gasification
- Steam Methane Reforming
- Methane Pyrolysis
- Alkaline Electrolyzer
- PEM Electrolyzer
- SOEC Electrolyzer
- Gas Partial Oxidation
- Auto Thermal Reforming
- Global Blue Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
- Pipeline
- Cryogenic Liquid Tankers
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Our clientele includes a mix of blue hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global blue hydrogen market , including forecasts for subscribers. This global databook contains high-level insights into Global blue hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global blue hydrogen market size, by region, 2018-2030 (US$M)
Top 10 countries: Blue hydrogen market size, 2023 (US$M)
Global blue hydrogen market share, by application, 2023 & 2030 (%, US$M)
Blue hydrogen market: Opportunity assessment by country
Global blue hydrogen market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe | 163.7 | 193.6 | 219.5 | 252.3 | 369.1 | 600.4 | 884.8 | 1,165.1 | 1,440.5 | 1,671.2 | 1,884.0 | 2,118.5 | 2,373.3 | 20.5% |
| North America | 272.8 | 304.7 | 338.7 | 385.9 | 557.9 | 892.6 | 1,276.4 | 1,664.1 | 2,037.5 | 2,340.9 | 2,611.4 | 2,904.6 | 3,215.2 | 19.2% |
| MEA | 363.8 | 384.4 | 418.4 | 472.2 | 670.4 | 1,086.8 | 1,467.3 | 1,795.2 | 2,053.6 | 2,195.3 | 2,268.4 | 2,324.1 | 2,351.9 | 10.8% |
| Asia Pacific | 175.5 | 206.0 | 234.5 | 271.2 | 397.6 | 652.7 | 934.6 | 1,232.0 | 1,524.6 | 1,770.9 | 1,998.9 | 2,250.9 | 2,521.9 | 20.2% |
| Overall | 975.9 | 1,088.6 | 1,211.0 | 1,381.5 | 1,995.0 | 3,232.5 | 4,563.8 | 5,857.8 | 7,058.9 | 7,983.3 | 8,771.4 | 9,611.8 | 10,483.6 | 18.3% |
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