Asia Pacific Blue Hydrogen Market Size & Outlook
Asia Pacific blue hydrogen market, 2018-2030 (US$M)
Related Markets
Asia Pacific blue hydrogen market highlights
- The Asia Pacific blue hydrogen market generated a revenue of USD 652.7 million in 2023.
- The market is expected to grow at a CAGR of 21.3% from 2024 to 2030.
- In terms of segment, power generation was the largest revenue generating application in 2023.
- Refinery is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 652.7 million |
| Market revenue in 2030 | USD 2,521.9 million |
| Growth rate | 21.3% (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 |
| Key market players worldwide | Linde PLC, Shell PLC, Air Liquide SA, Air Products & Chemicals Inc, Engie SA, Equinor ASA, Iwatani Corp, Ninox, INOX India Pvt Ltd, Exxon Mobil Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.2% of the global blue hydrogen market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 2,373.3 million by 2030.
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Blue Hydrogen Market Scope
Blue Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 74.25% in 2023. Horizon Databook has segmented the Asia Pacific blue hydrogen market based on power generation, chemical, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Blue Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Chemical
- Refinery
- Asia Pacific 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
- Asia Pacific Blue Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
- Pipeline
- Cryogenic Liquid Tankers
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific blue hydrogen market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific blue hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific blue hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific blue hydrogen market size, by country, 2018-2030 (US$M)
Asia Pacific Blue Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
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