ブルー水素市場の2030年までの予測：技術別、用途別、エンドユーザー別、地域別の世界分析

Stratistics MRCによると、世界のブルー水素市場は2024年に196億2,000万米ドルを占め、予測期間中のCAGRは13.9%で、2030年には443億5,000万米ドルに達すると予測されています。

ブルー水素とは、水蒸気メタン改質（SMR）と呼ばれるプロセスを通じて天然ガスから製造される水素のことで、製品別として二酸化炭素（CO2）が発生します。SMRの過程で排出されるCO2は、環境への影響を軽減するために回収され、地下に貯蔵される（炭素回収・貯留、CCS）。このアプローチは、従来の天然ガスの使用と比較して温室効果ガスの排出を削減することを目的としており、ブルー水素を低炭素の未来に向けた過渡的なエネルギー源として位置づけています。

予測によると、カリフォルニア州の燃料電池パートナーシップは、1,000カ所の水素充填ステーションと100万台のFCEVの設置を望んでいます。2050年までに、同国の最終消費エネルギーの約30％を供給する可能性があります。

産業の脱炭素化

炭素回収・貯留（CCS）を備えた天然ガスから製造されるブルー水素は、排出量目標を達成しようと努力する産業界に低炭素ソリューションを提供します。規制による圧力や持続可能性の目標が高まるにつれ、産業界は化石燃料からの転換を図るために青水素を求め、その結果、市場が活性化します。さらに、CCS技術への投資が青水素の実行可能性を高め、産業用途への採用をさらに加速し、市場拡大を支えています。

利用可能なCCSインフラと技術が限られている

CCS施設の建設と運営には多額の投資と規制当局の承認が必要であり、コストがかかります。十分なインフラがなければ、大規模な青水素製造の可能性は制限されたままであり、他のエネルギー源に対する競争力が制限されます。さらに、CCS技術の性能と運用上の課題をめぐる不確実性が、普及の足かせとなっています。したがって、CCSインフラと技術の利用可能性が限られていることは、生産の拡張性と費用対効果を制約し、市場成長の妨げとなっています。

持続可能なエネルギー・ソリューションに対する意識の高まり

持続可能なエネルギー・ソリューションに対する意識の高まりは、化石燃料に代わるよりクリーンな代替燃料の必要性を強調することで、ブルー水素市場を後押ししています。ブルー水素は、環境目標に沿った低炭素エネルギー・オプションを提供します。消費者、企業、政府が持続可能性への意識を高めるにつれ、ブルー水素への需要が高まっています。こうした意識が、ブルー水素の生産とインフラへの投資と技術革新を促し、持続可能なエネルギーの未来への移行における重要な要素として、ブルー水素市場の成長を促進します。

高い初期コスト

CCSの導入には、CO2排出を回収し、地下に安全に貯蔵するための多額の設備投資が必要となります。このような初期費用は、特に安価な従来の化石燃料の代替品と比較した場合、潜在的な投資家や産業界がブルー水素を採用することを躊躇させる可能性があります。その結果、高い初期費用が市場参入と拡大の障壁となり、環境面でのメリットと長期的な費用対効果にもかかわらず、ブルー水素市場の成長が鈍化します。

COVID-19の影響

COVID-19の大流行は、産業活動の低下と経済の不確実性により、投資とプロジェクトのスケジュールに影響を及ぼし、当初はブルー水素市場の成長を鈍化させました。しかし、経済が回復し、環境に対する優先順位が依然として高いことから、政府と産業界は持続可能なエネルギー・ソリューションにますます重点を置くようになっています。温室効果ガスの排出削減やエネルギー転換の目標達成に貢献する可能性があることから、このような新たな重点化により、より広範な復興計画の一環として、ブルー水素への投資が加速される可能性があります。

予測期間中、水蒸気メタン改質（SMR）分野が最大となる見込み

水蒸気メタン改質（SMR）セグメントは有利な成長を遂げると推定されます。SMRは、天然ガスを水素と二酸化炭素に変換するブルー水素市場の主要技術です。SMRでは、メタンは触媒の存在下で高温スチームと反応し、水素とCO2を生成します。排出されるCO2は回収して地下に貯蔵することができるため（炭素回収・貯留、CCS）、SMRは従来の天然ガス利用に比べて温室効果ガス排出量を削減しながら水素を製造する、実行可能な方法となっています。

予測期間中、エネルギー生成分野のCAGRが最も高くなると予想される

エネルギー生成分野は、予測期間中にCAGRが最も高くなると予想されます。青水素は、従来の燃料に比べて二酸化炭素排出量を削減できる可能性があるため、エネルギー生成用途での検討が進んでいます。発電用のガスタービンに使用することができ、CO2の代わりに水蒸気を主要な排出物として生成することで、よりクリーンな代替物を提供します。このためブルー水素は、再生可能エネルギーの統合を支援し、エネルギー安全保障を強化し、低炭素エネルギーの未来への移行における環境問題に対処するのに適しています。

最大のシェアを占める地域

予測期間中、アジア太平洋地域が最大の市場シェアを占めると予測されます。日本、韓国、中国のような国々は、野心的な脱炭素化目標と化石燃料への依存を減らす努力により、水素導入でリードしています。これらの国々はかなりの天然ガス埋蔵量を有しており、炭素回収・貯留（CCS）技術に多額の投資を行っています。さらに、国際的な企業や研究機関との提携により、技術開発とインフラ整備が進んでいるため、この地域はブルー水素セクターの成長の可能性が高いです。

CAGRが最も高い地域：

予測期間中、中東・アフリカのCAGRが最も高いと予測されます。天然ガス資源に恵まれ、エネルギー生産で豊富な経験を持つこの地域は、ブルー水素を戦略的な機会と捉えています。サウジアラビア、カタール、アラブ首長国連邦などの国々は、ガス処理における既存のインフラと専門知識を活用する手段として、ブルー水素を模索しています。同地域の炭素回収技術への多額の投資と規制枠組みの確立が、市場の成長をさらに後押ししています。

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本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレイヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 技術分析
• 用途分析
• エンドユーザー分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のブルー水素市場：技術別

• 水蒸気メタン改質（SMR）
• 炭素回収・貯留（CCS）
• オートサーマル改質（ATR）
• 酸素燃焼
• 水性ガスシフト反応（WGS）
• その他の技術

第6章 世界のブルー水素市場：用途別

• 工業原料
• エネルギー生成
• 輸送燃料
• 水素混合
• エネルギー貯蔵
• その他の用途

第7章 世界のブルー水素市場：エンドユーザー別

• 産業セクター
• 住宅セクター
• 商業セクター

第8章 世界のブルー水素市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第9章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイリング

• Linde PLC
• Air Products and Chemicals
• Mitsubishi Heavy Industries
• Equinor
• British Petroleum Company
• Shell Corporation
• TotalEnergies
• Sinopec
• Eni S.p.A
• Gazprom
• Petrobras
• Orsted
• Saudi Aramco
• Qatar Petroleum
• Woodside Energy

List of Tables

• Table 1 Global Blue Hydrogen Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
• Table 3 Global Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
• Table 4 Global Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
• Table 5 Global Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
• Table 6 Global Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
• Table 7 Global Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
• Table 8 Global Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
• Table 9 Global Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
• Table 10 Global Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
• Table 11 Global Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
• Table 12 Global Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
• Table 13 Global Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
• Table 14 Global Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
• Table 15 Global Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 16 Global Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
• Table 17 Global Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
• Table 18 Global Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
• Table 19 Global Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
• Table 20 North America Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
• Table 21 North America Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
• Table 22 North America Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
• Table 23 North America Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
• Table 24 North America Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
• Table 25 North America Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
• Table 26 North America Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
• Table 27 North America Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
• Table 28 North America Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
• Table 29 North America Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
• Table 30 North America Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
• Table 31 North America Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
• Table 32 North America Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
• Table 33 North America Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
• Table 34 North America Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 35 North America Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
• Table 36 North America Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
• Table 37 North America Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
• Table 38 North America Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
• Table 39 Europe Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
• Table 40 Europe Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
• Table 41 Europe Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
• Table 42 Europe Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
• Table 43 Europe Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
• Table 44 Europe Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
• Table 45 Europe Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
• Table 46 Europe Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
• Table 47 Europe Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
• Table 48 Europe Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
• Table 49 Europe Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
• Table 50 Europe Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
• Table 51 Europe Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
• Table 52 Europe Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
• Table 53 Europe Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 54 Europe Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
• Table 55 Europe Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
• Table 56 Europe Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
• Table 57 Europe Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
• Table 58 Asia Pacific Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
• Table 59 Asia Pacific Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
• Table 60 Asia Pacific Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
• Table 61 Asia Pacific Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
• Table 62 Asia Pacific Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
• Table 63 Asia Pacific Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
• Table 64 Asia Pacific Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
• Table 65 Asia Pacific Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
• Table 66 Asia Pacific Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
• Table 67 Asia Pacific Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
• Table 68 Asia Pacific Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
• Table 69 Asia Pacific Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
• Table 70 Asia Pacific Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
• Table 71 Asia Pacific Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
• Table 72 Asia Pacific Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 73 Asia Pacific Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
• Table 74 Asia Pacific Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
• Table 75 Asia Pacific Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
• Table 76 Asia Pacific Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
• Table 77 South America Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
• Table 78 South America Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
• Table 79 South America Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
• Table 80 South America Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
• Table 81 South America Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
• Table 82 South America Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
• Table 83 South America Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
• Table 84 South America Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
• Table 85 South America Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
• Table 86 South America Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
• Table 87 South America Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
• Table 88 South America Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
• Table 89 South America Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
• Table 90 South America Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
• Table 91 South America Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 92 South America Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
• Table 93 South America Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
• Table 94 South America Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
• Table 95 South America Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
• Table 96 Middle East & Africa Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
• Table 97 Middle East & Africa Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
• Table 98 Middle East & Africa Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
• Table 99 Middle East & Africa Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
• Table 100 Middle East & Africa Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
• Table 101 Middle East & Africa Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
• Table 102 Middle East & Africa Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
• Table 103 Middle East & Africa Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
• Table 104 Middle East & Africa Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
• Table 105 Middle East & Africa Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
• Table 106 Middle East & Africa Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
• Table 107 Middle East & Africa Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
• Table 108 Middle East & Africa Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
• Table 109 Middle East & Africa Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
• Table 110 Middle East & Africa Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 111 Middle East & Africa Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
• Table 112 Middle East & Africa Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
• Table 113 Middle East & Africa Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
• Table 114 Middle East & Africa Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)

According to Stratistics MRC, the Global Blue Hydrogen Market is accounted for $19.62 billion in 2024 and is expected to reach $44.35 billion by 2030 growing at a CAGR of 13.9% during the forecast period. Blue hydrogen refers to hydrogen produced from natural gas through a process called steam methane reforming (SMR), which generates carbon dioxide (CO2) as a by-product. The CO2 emitted during SMR is captured and stored underground (carbon capture and storage, CCS) to mitigate its environmental impact. This approach aims to reduce greenhouse gas emissions compared to traditional natural gas use, positioning blue hydrogen as a transitional energy source towards a low-carbon future.

According to projections, the California fuel cell partnership hopes to have 1,000 hydrogen refuelling stations and one million FCEVs. It might provide roughly 30% of the country's end-use energy by 2050.

Market Dynamics:

Driver:

Industrial decarbonization

Blue hydrogen, produced from natural gas with carbon capture and storage (CCS), provides a low-carbon solution for industries striving to meet emission targets. As regulatory pressures and sustainability goals increase, industries seek blue hydrogen to transition from fossil fuels, thus boosting its market. Additionally, investments in CCS technology enhance blue hydrogen's viability, further accelerating its adoption in industrial applications and supporting market expansion.

Restraint:

Limited availability of CCS infrastructure and technology

CCS facilities are costly to build and operate, requiring significant investment and regulatory approval. Without adequate infrastructure, the potential for large-scale blue hydrogen production remains restricted, limiting its competitiveness against other energy sources. Additionally, uncertainties surrounding CCS technology performance and operational challenges further deter widespread adoption. Therefore, the limited availability of CCS infrastructure and technology hampers market growth by constraining the scalability and cost-effectiveness of production.

Opportunity:

Increasing awareness of sustainable energy solutions

Increasing awareness of sustainable energy solutions propels the blue hydrogen market by highlighting the need for cleaner alternatives to fossil fuels. Blue hydrogen offers a low-carbon energy option that aligns with environmental goals. As consumers, businesses, and governments become more conscious of sustainability, demand for blue hydrogen rises. This awareness drives investment and innovation in blue hydrogen production and infrastructure, fostering its market growth as a key component in the transition to a sustainable energy future.

Threat:

High initial costs

Implementing CCS involves significant capital investments in capturing CO2 emissions and storing them safely underground. These upfront expenses can deter potential investors and industries from adopting blue hydrogen, especially when compared to cheaper, conventional fossil fuel alternatives. Consequently, the high initial costs act as a barrier to market entry and expansion, slowing down the growth of the blue hydrogen market despite its environmental benefits and long-term cost-effectiveness.

Covid-19 Impact

The covid-19 pandemic initially slowed the blue hydrogen market due to reduced industrial activity and economic uncertainty, impacting investment and project timelines. However, as economies recover and environmental priorities remain strong, governments and industries are increasingly focusing on sustainable energy solutions. This renewed emphasis could accelerate investments in blue hydrogen as part of broader recovery plans, driven by its potential role in reducing greenhouse gas emissions and supporting energy transition goals.

The steam methane reforming (SMR) segment is expected to be the largest during the forecast period

The steam methane reforming (SMR) segment is estimated to have a lucrative growth. SMR is a key technology in the blue hydrogen market, responsible for converting natural gas into hydrogen and carbon dioxide. In SMR, methane reacts with high-temperature steam in the presence of a catalyst to produce hydrogen and CO2. The CO2 emitted can be captured and stored underground (carbon capture and storage, CCS), making SMR a viable method for producing hydrogen with reduced greenhouse gas emissions compared to traditional natural gas use.

The energy generation segment is expected to have the highest CAGR during the forecast period

The energy generation segment is anticipated to witness the highest CAGR growth during the forecast period. Blue hydrogen is increasingly explored for energy generation applications due to its potential to reduce carbon emissions compared to conventional fuels. It can be used in gas turbines for power generation, providing a cleaner alternative by producing water vapour as the primary emission instead of CO2. This makes blue hydrogen suitable for supporting renewable energy integration, enhancing energy security, and addressing environmental concerns in the transition towards a low-carbon energy future.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Countries like Japan, South Korea, and China are leading in hydrogen adoption due to ambitious decarbonization goals and efforts to reduce reliance on fossil fuels. These nations possess significant natural gas reserves and are investing heavily in carbon capture and storage (CCS) technologies. Additionally, partnerships with international companies and research institutions are advancing technological developments and infrastructure; thereby the region shows strong potential for growth in the blue hydrogen sector.

Region with highest CAGR:

Middle East & Africa is projected to have the highest CAGR over the forecast period. The region, rich in natural gas resources and possessing extensive experience in energy production, views blue hydrogen as a strategic opportunity. Countries like Saudi Arabia, Qatar, and the UAE are exploring blue hydrogen as a means to capitalize on existing infrastructure and expertise in gas processing. The region's significant investment in carbon capture technology and establishing regulatory frameworks further propels the growth of the market.

Key players in the market

Some of the key players profiled in the Blue Hydrogen Market include Linde PLC, Air Products and Chemicals, Mitsubishi Heavy Industries, Equinor, British Petroleum Company, Shell Corporation, TotalEnergies, Sinopec, Eni S.p.A, Gazprom, Petrobras, Orsted, Saudi Aramco, Qatar Petroleum, Woodside Energy.

Key Developments:

In September 2023, British Petroleum Company launched a six-week consultation on their proposals for H2Teesside, a facility which will produce blue hydrogen and enable large scale decarbonisation of local industry. H2Teesside aims to be one of the UK's largest blue hydrogen production facilities, targeting 1.2GW of hydrogen production by 2030.

In February 2023, Linde PLC signed a long-term agreement to distribute and supply hydrogen to OCI's blue ammonia production plant in Texas, U.S. This agreement is expected to allow Linde Plc to strengthen its fuel and blue ammonia platform in supplying to the U.S. and international exports.

Technologies Covered:

• Steam Methane Reforming (SMR)
• Carbon Capture & Storage (CCS)
• Autothermal Reforming (ATR)
• Oxyfuel Combustion
• Water-Gas Shift Reaction (WGS)
• Other Technologies

Applications Covered:

• Industrial Feedstock
• Energy Generation
• Transportation Fuel
• Hydrogen Blending
• Energy Storage
• Other Applications

End Users Covered:

• Industrial Sector
• Residential Sector
• Commercial Sector

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Blue Hydrogen Market, By Technology

• 5.1 Introduction
• 5.2 Steam Methane Reforming (SMR)
• 5.3 Carbon Capture & Storage (CCS)
• 5.4 Autothermal Reforming (ATR)
• 5.5 Oxyfuel Combustion
• 5.6 Water-Gas Shift Reaction (WGS)
• 5.7 Other Technologies

6 Global Blue Hydrogen Market, By Application

• 6.1 Introduction
• 6.2 Industrial Feedstock
• 6.3 Energy Generation
• 6.4 Transportation Fuel
• 6.5 Hydrogen Blending
• 6.6 Energy Storage
• 6.7 Other Applications

7 Global Blue Hydrogen Market, By End User

• 7.1 Introduction
• 7.2 Industrial Sector
• 7.3 Residential Sector
• 7.4 Commercial Sector

8 Global Blue Hydrogen Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Linde PLC
• 10.2 Air Products and Chemicals
• 10.3 Mitsubishi Heavy Industries
• 10.4 Equinor
• 10.5 British Petroleum Company
• 10.6 Shell Corporation
• 10.7 TotalEnergies
• 10.8 Sinopec
• 10.9 Eni S.p.A
• 10.10 Gazprom
• 10.11 Petrobras
• 10.12 Orsted
• 10.13 Saudi Aramco
• 10.14 Qatar Petroleum
• 10.15 Woodside Energy