The global blue hydrogen market is estimated to reach USD 12.88 billion by 2030 and is anticipated to expand at a CAGR of 13.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing government regulations and initiatives to reduce carbon emissions are expected to drive market growth. As countries worldwide set ambitious net-zero targets, industries are pressured to adopt cleaner energy alternatives. Blue hydrogen, incorporating carbon capture and storage (CCS) technology, offers a low-carbon solution while leveraging existing natural gas infrastructure. The push for decarbonization across refining, transportation, and power generation sectors is accelerating investment in blue hydrogen projects.

Technological advancements in hydrogen production and carbon capture are further propelling market expansion. Innovations in CCS efficiency and hydrogen extraction methods are making blue hydrogen more economically viable, reducing production costs and enhancing scalability. Additionally, improvements in hydrogen transportation and storage infrastructure, including pipeline networks and cryogenic liquid tankers, are facilitating widespread adoption across different industries.

The rising demand for hydrogen in industrial applications is another crucial driver of market growth. Sectors such as petrochemicals, steel production, and ammonia manufacturing are increasingly incorporating hydrogen into their operations to comply with sustainability goals. Governments and private enterprises are also investing heavily in hydrogen research and development, fostering strategic collaborations that drive innovation and commercialization.

Supportive policies, subsidies, and incentives provided by governments worldwide are creating a favorable regulatory environment for blue hydrogen expansion. These measures encourage private-sector participation and accelerate the deployment of hydrogen-based solutions across various industries. With increasing global efforts toward sustainability and energy diversification, the blue hydrogen industry is expected to experience substantial growth in the coming years.

Order a free sample PDF of the Blue Hydrogen Market Intelligence Study, published by Grand View Research.

 

Blue Hydrogen Market Report Highlights

  • Steam methane reforming accounted for the largest revenue share of 60.9% in 2024, owing to SMR's established infrastructure and cost-effectiveness compared to other hydrogen production methods.
  • The auto thermal reforming segment is expected to grow at the fastest CAGR of 14.3% from 2025 to 2030.
  • Power generation accounted for the largest revenue share of 37.2% in 2024, owing to the global push toward decarbonizing electricity production.
  • The refinery segment is expected to grow at the fastest CAGR of 14.8% from 2025 to 2030.
  • Pipeline accounted for the largest revenue share of 70.0% in 2024, due to the efficiency and cost-effectiveness of pipelines for transporting hydrogen over long distances.
  • The cryogenic liquid tankers segment is expected to grow at the fastest CAGR of 14.6% from 2025 to 2030.
  • Middle East & Africa dominated the market in 2024, owing to factors such as robust investment in hydrogen technologies and abundant natural gas resources.

Blue Hydrogen Market Segmentation

Grand View Research has segmented the blue hydrogen market on the basis of technology, application, transportation mode, and region:

  • Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
    • Steam Methane Reforming
    • Gas Partial Oxidation
    • Auto Thermal Reforming
  • Transportation Mode Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
    • Pipeline
    • Cryogenic Liquid Tankers
  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
    • Chemicals
    • Refinery
    • Power Generation
    • Others
  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Central & South America
      • Brazil
      • Columbia
      • Paraguay
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • Egypt
      • South Africa

List of Key Players in Blue Hydrogen Market

  • Linde plc
  • Shell Group of Companies
  • Air Liquide
  • Air Products and Chemicals, Inc.
  • Engie
  • Equinor ASA
  • SOL Group
  • Iwatani Corp.
  • INOX Air Products Ltd.
  • Exxon Mobil Corp.

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

For more information, visit www.grandviewresearch.com.