The Blue Hydrogen Market is witnessing significant growth, with a current value of USD 1.28 billion in 2023 and a projected revenue of USD 3 billion by 2030, showing a Compound Annual Growth Rate (CAGR) of 12.89%. Blue hydrogen, produced from natural gas through steam methane reforming, has garnered attention due to its potential in lowering carbon emissions. The process involves combining natural gas with high-temperature steam and catalyst, leading to the production of hydrogen and carbon monoxide, which is then converted to carbon dioxide and additional hydrogen through other reactions. The captured carbon dioxide is stored underground, resulting in a CO2-neutral process. The European region is at the forefront of sustainable energy initiatives, with a focus on reducing greenhouse gas emissions. Various EU member states have recognized the importance of hydrogen in their energy strategies, especially in transportation, setting specific goals for hydrogen projects. The European Clean Hydrogen Alliance serves as a platform for collaboration, bringing together markets, authorities, and society to drive investments in the sector. The Fuel Cell and Hydrogen Joint Undertaking (FCH JU) manages hydrogen initiatives, supported by the European Commission in a public-private partnership. The increasing presence of start-ups in the field is expected to boost investments in blue hydrogen projects, stimulating revenue growth in local markets and contributing to the overall energy transition. Blue hydrogen is positioned to play a crucial role in the transition to a more sustainable energy landscape, aided by advancements in renewable energy technologies and a growing focus on environmental sustainability.