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The global blue hydrogen market size reached US$ 11.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.43% during 2024-2032. The rising adoption of cleaner energy sources such as blue hydrogen, increasing product applications in transportation and power generation, and inflating sales of hydrogen-powered fuel cell vehicles worldwide represent some of the key factors driving the market.