Middle East & Africa Blue Hydrogen Market Size & Outlook

The blue hydrogen market in Middle East & Africa is expected to reach a projected revenue of US$ 2,351.9 million by 2030. A compound annual growth rate of 11.7% is expected of Middle East & Africa blue hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,086.8
Forecast, 2030 (US$M)
$2,351.9
CAGR, 2024 - 2030
11.7%
Report Coverage
Middle East & Africa

MEA blue hydrogen market highlights

  • The MEA blue hydrogen market generated a revenue of USD 1,086.8 million in 2023.
  • The market is expected to grow at a CAGR of 11.7% 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.
  • Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.

MEA data book summary

Market revenue in 2023USD 1,086.8 million
Market revenue in 2030USD 2,351.9 million
Growth rate11.7% (CAGR from 2023 to 2030)
Largest segmentPower generation
Fastest growing segmentRefinery
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, MEA region accounted for 33.6% 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 segmentation & scope

Blue Hydrogen Market Companies

Name Profile # Employees HQ Website

Middle East & Africa 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 72.58% in 2023. Horizon Databook has segmented the Middle East & Africa blue hydrogen market based on power generation, chemical, refinery covering the revenue growth of each sub-segment from 2018 to 2030.


  • Middle East & Africa Blue Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
    • Methanol Production
    • Ammonia Production
    • Petroleum Refinery
    • Transportation
    • Power Generation
    • Others
    • Chemical
    • Refinery
  • Middle East & Africa 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
  • Middle East & Africa 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.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa blue hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa blue hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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MEA blue hydrogen market size, by country, 2018-2030 (US$M)

Middle East & Africa Blue Hydrogen Market Outlook Share, 2023 & 2030 (US$M)

MEA blue hydrogen market size, by country, 2018-2030 (US$M)

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