South Korea Blue Hydrogen Market Size & Outlook, 2025-2030
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South Korea blue hydrogen market highlights
- The South Korea blue hydrogen market generated a revenue of USD 264.4 million in 2024 and is expected to reach USD 815.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 18% from 2025 to 2030.
- In terms of segment, steam methane reforming was the largest revenue generating technology in 2024.
- Auto Thermal Reforming is the most lucrative technology segment registering the fastest growth during the forecast period.
Blue hydrogen market data book summary
| Market revenue in 2024 | USD 264.4 million |
| Market revenue in 2030 | USD 815.4 million |
| Growth rate | 18% (CAGR from 2025 to 2030) |
| Largest segment | Steam methane reforming |
| Fastest growing segment | Auto Thermal Reforming |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steam Methane Reforming, Gas Partial Oxidation, Auto Thermal Reforming |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.9% of the global blue hydrogen market in 2024.
- 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 815.4 million by 2030.
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Blue Hydrogen Market Scope
Blue Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SOL Group | View profile | 1001-5000 | Monza, Lombardia, Italy, Europe | https://www.solgroup.com/ |
| INOX Air Products | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | https://inoxairproducts.com/ |
| Equinor ASA | View profile | 24467 | Forusbeen 50, Stavanger, Norway, N-4035 | https://www.equinor.com |
| Iwatani Corp | View profile | 11351 | 6-4, Hommachi 3-chome, Chuo-ku, Osaka, Japan, 541-0053 | http://www.iwatani.co.jp |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
South Korea 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.
Steam methane reforming was the largest segment with a revenue share of 83.13% in 2024. Horizon Databook has segmented the South Korea blue hydrogen market based on steam methane reforming, gas partial oxidation, auto thermal reforming covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea 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 country-level data and insights on the South Korea blue hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into South Korea blue hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea blue hydrogen market size, by technology, 2018-2030 (US$M)
South Korea Blue Hydrogen Market Outlook Share, 2024 & 2030 (US$M)
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