Grey Hydrogen Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Grey Hydrogen Market in 2025 is evaluated at USD 155.06 billion. The global Market size crossed USD 151.07 billion in 2024 and is likely to register a CAGR of more than 3.3%, exceeding USD 230.4 billion revenue by 2037. Asia Pacific is projected to accumulate USD 99.07 billion by 2037, fueled by rapid industrialization and demand for hydrogen.
Grey Hydrogen’s role as a transitional solution in the broader hydrogen economy is one of the primary drivers for the market’s growth. Grey hydrogen, derived from fossil fuels like natural gas or coal, serves as a bridge between conventional fuels and cleaner alternatives. In the Net Zero Emissions by 2050 scenario, novel uses in heavy industries and long-distance transport account for one-third of worldwide hydrogen demand by 2030, compared to less than 0.1% in the former case. Its widespread use stems from established infrastructure and cost-effectiveness, meeting immediate industrial demands for hydrogen. As nations and industries aim for carbon neutrality and sustainable energy solutions, grey hydrogen acts as a stepping stone, allowing for a smoother transition.
Additionally, advancements in technologies like carbon capture and utilization (CCU) enhance its environmental credentials, making it more attractive as a solution. The transitional role positions grey hydrogen as a crucial growth driver by supporting the initial stages of hydrogen adoption until cleaner technologies mature and become more widespread.
