Blue Hydrogen Market Size

Blue Hydrogen Market size was over USD 4.57 billion in 2024 and is anticipated to cross USD 45.31 billion by 2037, witnessing more than 19.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of blue hydrogen is estimated at USD 5.28 billion. The reason behind the growth is due to the growing production of hydrogen across the globe. Nowadays, commercial hydrogen production takes place as modern industrial consumers demand hydrogen, and also as world moves toward a net-zero energy future, it is quickly replacing fossil fuels as the preferred low- or no-carbon fuel. For instance, in 2023, global hydrogen production capacity reached to around 4 million tons per year, a 164% increase over 2022.

In addition to these, factors that are believed to fuel the market growth of blue hydrogen, the growing need for carbon capture, utilization, and storage (CCUS) technologies is believed to fuel the blue hydrogen market growth. By 2050, the demand for CCUS would be around two GTPA, over the current pipeline of projects as they have been anticipated by numerous industry professionals over the last thirty years as a necessary means of decarbonizing industries.