Global Blue Hydrogen Market Size & Outlook, 2023-2030
Global blue hydrogen market, 2018-2030 (US$M)
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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, Italy 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 2024 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, Italy is the fastest growing regional market and is projected to reach USD 234.0 million by 2030.
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Blue Hydrogen Market Scope
Blue Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Equinor ASA | View profile | 24467 | Forusbeen 50, Stavanger, Norway, N-4035 | https://www.equinor.com |
| Ninox | View profile | 11-50 | Berlin, Berlin, Germany, Europe | https://ninox.com/en |
| INOX India Pvt Ltd | View profile | 251-500 | Vadodara, Gujarat, India, Asia | http://www.inoxindia.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 |
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)
- Ammonia Production
- Others
- Methanol Production
- Petroleum Refinery
- Transportation
- Power Generation
- Chemical
- Refinery
- Global Blue Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
- Coal Gasification
- Steam Methane Reforming
- SOEC Electrolyzer
- Methane Pyrolysis
- Alkaline Electrolyzer
- Gas Partial Oxidation
- Auto Thermal Reforming
- PEM Electrolyzer
- Global Blue Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
- Pipeline
- Cryogenic Liquid Tankers
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Target buyers of Global 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 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.
Partial client list
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)
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