Blue Hydrogen Market Size, Share, Opportunities, And Trends By Technology (Steam Methane Reforming, Gas Partial Oxidation, Auto Thermal Reforming), By End-Use (Refining, Chemicals, Iron and Steel, Transportation, Others), And By Geography - Forecasts From 2025 To 2030

The blue hydrogen market is expected to grow at a CAGR of 5.66%, reaching a market size of US$1,586.122 million in 2030 from US$1,204.410 million in 2025.

Growing concerns about climate change and pollution have prompted decarbonization projects in a variety of businesses. Blue hydrogen is being used in the production of chemicals, refinement, and heavy industrial operations as a result of a considerable shift away from conventional fuels and towards carbon-neutral alternatives. Moreover, the rapid rise in fuel prices, the rising pollution caused by the burning of fossil fuels, the rising investment in the research and development of cleaner energy alternatives, and the growing number of government initiatives to switch to clean energy sources are all expected to contribute to the increase in blue hydrogen market size.

The use of hydrogen in fuel cell electric cars (FCEVs) is expanding

Hydrogen has long been recognized as a potential low-carbon transportation fuel, but adding it into the mix of fuels for transport has proven difficult. Compared to fossil fuels, which are running out and getting more expensive by the day, it has an edge. For usage in rockets and fuel cell electric vehicles, hydrogen is in high demand in the aerospace sector. Lowering the supply price of hydrogen is a primary issue for truck manufacturers, but fuel cell costs and refuelling stations decide how competitive hydrogen fuel cell autos are in the transportation sector. Since there aren't many low-carbon fuel alternatives for ships and aircraft, hydrogen-based fuels have a chance.

Increased emphasis on satisfying the net zero emission goal by 2050

In the scenario of net zero emissions, hydrogen manufacturing undergoes a revolution never before seen. 70% of the world's H2 production in 2030, when it reaches 200 Mt, will come from low-carbon technology. By 2050, 500 Mt H2 will be produced; this rise is mostly attributable to low-carbon technologies. The energy system will need to be upgraded by using multiple technologies to achieve net zero emissions by 2050. Energy efficiency, electricity, clean energy, carbon capture utilisation and storage (CCUS), and hydrogen are anticipated to be the key pillars for the rise in the blue hydrogen market.

Rising demand for power generation

The International Energy Agency (IEA) estimates that reforming, which involves mixing fossil fuels with steam and heating them to a temperature of around 800 °C, is how 96% of the world's hydrogen is created. Further, by employing and mixing hydrogen and oxygen atoms, blue hydrogen fuel cells can generate power, water, and a tiny amount of heat. Hydrogen combines with oxygen during this electrochemical reaction, similar to that of a battery which increases the blue hydrogen market share during the forecast period.

Increasing government initiatives

To assure zero emissions, the governments of many nations in the region are putting up efforts and investing in blue hydrogen generation. For instance, the Saudi Arabian government declared in October 2021 that it will employ one of the largest natural gas projects in the world to produce blue hydrogen and exporting it will help with the transition to renewable energy. Additionally, it is anticipated that a sizable amount of the gas from the USD 110.0 billion Jafurah development will be utilised to create blue hydrogen. Additionally, ADQ and Mubadala Investment Co. have partnered with ADQ to generate and export blue and green hydrogen. Abu Dhabi National Oil Co., a government-run oil corporation, has also teamed up with two of its sovereign wealth funds.

Rising use of steam methane technology

The steam methane reforming category held a sizeable market share in 2021 and is likely to expand significantly throughout the foreseeable future. The technique of in-house pressure swing absorption purification, which can be used to efficiently produce high levels of pure hydrogen and increase hydrogen output, is one of the main drivers propelling the expansion of the category market. This procedure, which involves heating gases like methane in the presence of steam and a catalyst, has grown immensely popular as one of the most affordable sources of industrial hydrogen which is expected to increase the blue hydrogen market share during the forecast period.

North America is projected to dominate the blue hydrogen market

During the projected period, the North American region is anticipated to lead the blue hydrogen market. Due to the rising use of blue hydrogen in the transportation, oil refining, and power-generating industries, North America is the region that consumes the most of it. Further, the chemical industry is a crucial sector for creating cutting-edge solutions to make the transition to sustainability and net zero possible. Energy efficiency, bio-based feedstock, and shutting material loops can help us reach net-zero ambitions, but the chemical sector also needs other technologies like hydrogen, carbon capture, and electrification. The main usage of about 10 million tonnes of hydrogen is as a feedstock for the synthesis of methanol and ammonia.

Market key launches

• In February 2023, to support the manufacture of ammonia, Linde announced plans to erect a USD 1.8 billion blue hydrogen factory on the Texas Gulf Coast. The business wants to start making things in 2025. The Linde facility will use auto thermal reformation, which creates hydrogen by combining methane with oxygen and steam, along with carbon capture, to produce blue hydrogen.
• In February 2023, a long-term contract was signed by Linde to provide clean hydrogen and other industrial gases to OCI's brand-new, massive blue ammonia facility in Beaumont, Texas.
• In April 2022, to move on with plans to create blue hydrogen at Uniper's Killingholme power plant site in East England, the two parties inked an agreement. A 720 MW blue hydrogen production facility employing gas reformation technology and carbon capture and storage (CCS) is one of the components of the Humber Hub Blue Project.
• In October 2021, Equinor ASA, a state-owned oil and gas producer in Norway, announced to invest $11.7 billion in hydrogen by 2035. The business had moved its attention to natural gas-derived blue hydrogen, which has been hailed as the solution to cleaning up sectors including steel, cement, and aerospace. By 2035, the corporation hopes to hold 10% of the worldwide hydrogen market share. To that end, qualified professionals are being hired. The business also employs technology that effectively captures carbon dioxide that is released during the process and plans to enhance it further to raise the catch rate.

Segmentation:

• By Technology
  • Steam Methane Reforming
  • Gas Partial Oxidation
  • Auto Thermal Reforming
• By End-Use
  • Refining
  • Chemicals
  • Iron and Steel
  • Transportation
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. BLUE HYDROGEN MARKET, BY TECHNOLOGY

5.1. Introduction

5.2. Steam Methane Reforming

5.3. Gas Partial Oxidation

5.4. Auto Thermal Reforming

6. BLUE HYDROGEN MARKET, BY END-USE

6.1. Introduction

6.2. Refining

6.3. Chemicals

6.4. Iron and Steel

6.5. Transportation

6.6. Others

7. BLUE HYDROGEN MARKET, BY GEOGRAPHY

7.1. Introduction 

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East And Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Taiwan

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Alfa Laval

9.2. ExxonMobil Corporation

9.3. Air Products and Chemicals Inc.

9.4. Aker Solutions

9.5. Dastur Energy

9.6. Topsoe

9.7. Shell Plc

9.8. Lindle Plc

9.9. Petrofac Limited

9.10. Technip Energies N.V.

9.11. Johnson Matthey

9.12. ThyssenKrupp AG

Alfa Laval

ExxonMobil Corporation

Air Products and Chemicals Inc.

Aker Solutions

Dastur Energy

Topsoe

Shell Plc

Lindle Plc

Petrofac Limited

Technip Energies N.V.

Johnson Matthey

Thyssenkrupp AG