The low carbon blue hydrogen market is experiencing rapid growth, with a projected value of 250.0 Billion USD by 2032, driven by a robust 31.66% compound annual growth rate from 2024 to 2032. Blue hydrogen, produced through steam methane reforming with carbon capture, is gaining traction for its role in decarbonizing challenging sectors like heavy industry and shipping. Technological innovations in carbon capture and storage are improving production efficiency and reducing environmental impact. Government support globally, in the form of subsidies and regulatory frameworks, is fostering investment in blue hydrogen projects. However, challenges persist, such as high production costs, natural gas availability issues, and concerns about sustainability due to environmental impact and competition from green hydrogen. The future outlook for the low carbon blue hydrogen market is promising, with collaborative efforts expected to drive further growth and innovation, making blue hydrogen a key player in the transition towards cleaner energy sources.