Grey Hydrogen Market Share

APAC Market Forecast

Asia Pacific grey hydrogen market is poised to hold 43% of the revenue share by 2037. The region presents a dynamic landscape for the market. Countries like China, India, South Korea, and Australia drive substantial demand owing to their burgeoning industrial sectors. With its rapidly increasing renewable capacity, China is already the biggest producer and consumer of hydrogen in the world. This country's current annual hydrogen output is approximately 33 million tonnes, with an annual capacity of 40 million tonnes. Rapid industrialization fuels the reliance on grey hydrogen, derived predominantly from coal and natural gas, to meet energy needs. Further, several nations in the region are actively investing in research and development to enhance hydrogen production efficiency and reduce emissions through carbon capture technologies.

North American Market Statistics

North American grey hydrogen market exhibits a mix of established infrastructure and evolving trends. The United States and Canada are key players, leveraging abundant natural gas reserves to produce grey hydrogen. Historically, industries such as refining, chemicals, and ammonia production have relied on grey hydrogen due to its cost-effectiveness. Further, in recent years, environmental concerns and a growing focus on reducing carbon emissions have prompted a shift in the hydrogen landscape. Moreover, government incentives and policies supporting clean energy initiatives are driving a gradual transition towards low carbon and green hydrogen. Partnerships between public and private sectors, along with advancements in cleaner production methods, are shaping the North American grey hydrogen market toward greater sustainability while maintaining energy security and economic stability. As per our analysis, in the U.S., around 10 million tonnes of hydrogen are manufactured annually which amounts to about 1 quadrillion BTUs at a yearly consumption rate of just under 1 % of America's energy demand. In the US there are now more than 95 percent grays in hydrogen production.