Pink Hydrogen Market Size

Pink Hydrogen Market size was valued at USD 200.1 Million in 2023 and is projected to reach USD 23.15 Billion by the end of 2036, registering around 48.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pink hydrogen is evaluated at USD 334 Million. Increasing demand for clean energy across the world with a rising preference for low carbon economy is estimated to drive the market growth. Growing regulations to decrease greenhouse gas with concern about air pollution are propelling the growth of the market.

In addition to these, increasing the usage of hydrogen in fuel cells of vehicles to reduce the use of fossil fuels is estimated to hike pink hydrogen market growth. Rising utilization in the transportation sector with a growing zero-carbon motto is anticipated to influence the market demand in the coming years. The increasing demand for pink hydrogen is due to escalating traction toward low carbon release as pink hydrogen uses nuclear energy which is ecofriendly is driving the market growth.