Pink Hydrogen Market Share

APAC Market Analysis

Asia Pacific pink hydrogen market is slated to register a significant revenue share in 2036 with the high usage of hydrogen in the automobile sector. The rising initiatives by the government to decrease carbon footprint is also estimated to hike the market growth. Further, the increasing focus of countries on the sustainable development of energy is driving market growth. The investment of the Asia Pacific region in the year 2021 for hydrogen generation accounted for 50% of the global investment share. Also, about 38% of the world’s hydrogen demand is produced by the Asia Pacific region. Moreover, China is the world’s biggest producer and consumer of hydrogen with more than 200 functioning hydrogen refueling stations as of 2022.

North American Market Statistics

The North American pink hydrogen market is estimated to hold the second-largest revenue share during 2023-2036.  The increasing construction of new powered plants for the generation of hydrogen-based energy is propelling market growth. The replacement of fossil fuel with hydrogen fuel cells in the automobile industry of the region is expected to fuel the market growth. Further, increasing demand for green energy among people is gaining traction for hydrogen thereby fueling the market growth.