Japan Blue Hydrogen Market Size & Outlook, 2023-2030

The blue hydrogen market in Japan is expected to reach a projected revenue of US$ 813.1 million by 2030. A compound annual growth rate of 21.7% is expected of Japan blue hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$205.7
Forecast, 2030 (US$M)
$813.1
CAGR, 2024 - 2030
21.7%
Report Coverage
Japan

Japan blue hydrogen market highlights

  • The Japan blue hydrogen market generated a revenue of USD 205.7 million in 2023 and is expected to reach USD 813.1 million by 2030.
  • The Japan market is expected to grow at a CAGR of 21.7% 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.

Blue hydrogen market data book summary

Market revenue in 2023USD 205.7 million
Market revenue in 2030USD 813.1 million
Growth rate21.7% (CAGR from 2023 to 2030)
Largest segmentPower generation
Fastest growing segmentRefinery
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower Generation, Chemical, Refinery
Key market players worldwideLinde 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, Japan accounted for 6.4% of the global blue hydrogen market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Australia blue hydrogen market is projected to lead the regional market in terms of revenue in 2030.
  • South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 650.1 million by 2030.

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Blue Hydrogen Market Scope

Blue hydrogen market segmentation & scope

Blue Hydrogen Market Companies

Name Profile # Employees HQ Website

Japan 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 75.11% in 2023. Horizon Databook has segmented the Japan blue hydrogen market based on power generation, chemical, refinery covering the revenue growth of each sub-segment from 2018 to 2030.


  • Japan Blue Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
    • Methanol Production
    • Ammonia Production
    • Petroleum Refinery
    • Transportation
    • Power Generation
    • Others
    • Chemical
    • Refinery
  • Japan 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
  • Japan Blue Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
    • Pipeline
    • Cryogenic Liquid Tankers

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Target buyers of Japan blue hydrogen market databook

  • Our clientele includes a mix of blue hydrogen market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 country-level data and insights on the Japan blue hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into Japan blue hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan blue hydrogen market size, by application, 2018-2030 (US$M)

Japan Blue Hydrogen Market Outlook Share, 2023 & 2030 (US$M)

Japan blue hydrogen market size, by application, 2018-2030 (US$M)

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