PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1799173
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1799173
Global Pink Hydrogen Market to Reach US$32.3 Billion by 2030
The global market for Pink Hydrogen estimated at US$6.2 Billion in the year 2024, is expected to reach US$32.3 Billion by 2030, growing at a CAGR of 31.9% over the analysis period 2024-2030. Liquid Form, one of the segments analyzed in the report, is expected to record a 33.7% CAGR and reach US$25.1 Billion by the end of the analysis period. Growth in the Gas Form segment is estimated at 26.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 30.1% CAGR
The Pink Hydrogen market in the U.S. is estimated at US$1.6 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 30.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 29.4% and 27.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.9% CAGR.
Global Pink Hydrogen Market - Key Trends & Drivers Summarized
Why Is Pink Hydrogen Emerging as a Strategic Link Between Nuclear Energy and Decarbonized Hydrogen Production?
Pink hydrogen-produced via electrolysis powered by nuclear energy-has emerged as a strategically vital subsegment of the clean hydrogen economy. Unlike green hydrogen, which is generated using renewable sources like wind or solar, pink hydrogen leverages nuclear power’s consistent baseload generation to operate electrolysis units at stable, high efficiency. This positioning makes pink hydrogen particularly valuable in energy systems where nuclear capacity is significant and grid stability is a priority.
With hydrogen being increasingly recognized as a cornerstone for decarbonizing hard-to-abate sectors such as steelmaking, heavy transportation, refining, and chemical manufacturing, pink hydrogen offers an advantage in scalability, reliability, and carbon neutrality. It provides a clean hydrogen pathway with minimal land footprint and without the intermittency challenges associated with solar or wind. In countries like France, the United States, Russia, and Canada, where nuclear power already contributes significantly to the national energy mix, pink hydrogen is gaining institutional and commercial support as a complementary route to green and blue hydrogen.
Furthermore, pink hydrogen production can be aligned with off-peak nuclear power generation, optimizing reactor utilization and enhancing grid balancing. The dual benefit of decarbonizing hydrogen while improving nuclear asset economics is creating a powerful policy and market case for pink hydrogen. With global hydrogen demand expected to multiply by 2050 under net-zero scenarios, pink hydrogen is becoming a critical vector in national hydrogen roadmaps.
What Role Are Technology and Infrastructure Advancements Playing in Scaling Pink Hydrogen?
The viability of pink hydrogen is closely tied to technological advancements in high-temperature electrolysis (HTE), solid oxide electrolysis cells (SOECs), and thermochemical hydrogen production techniques. SOECs, in particular, offer higher efficiencies (up to 90%) by utilizing both electricity and high-grade heat, which nuclear reactors can supply. These systems reduce energy consumption per kilogram of hydrogen, making pink hydrogen more competitive than traditional alkaline or PEM electrolysis under certain conditions.
Research institutions and pilot programs are already validating the integration of nuclear reactors with electrolyzers. For instance, the U.S. Department of Energy’s Idaho National Laboratory (INL) is partnering with major utilities to demonstrate high-temperature steam electrolysis at nuclear facilities. Similarly, EDF and Framatome in France are investing in integrated nuclear-hydrogen platforms to evaluate technical feasibility, safety, and economic models at scale.
In parallel, advancements in hydrogen storage, compression, and transport-such as metal hydrides, liquid organic hydrogen carriers (LOHCs), and ammonia conversion-are addressing the downstream challenges of hydrogen logistics. These improvements are essential to making pink hydrogen viable not only at the production site but throughout the supply chain, especially for export-oriented applications.
Which Countries and Sectors Are Likely to Drive Pink Hydrogen Adoption?
Pink hydrogen adoption is likely to be concentrated in countries with strong nuclear infrastructure and decarbonization mandates. France, with its heavy reliance on nuclear power, has positioned pink hydrogen as a pillar in its national hydrogen strategy. Its integration into industrial clusters-particularly in steel, chemicals, and transport-is being actively promoted through public-private partnerships. Canada, with its CANDU reactors and hydrogen innovation clusters, is similarly poised to become a pink hydrogen hub.
In the U.S., states like Illinois and Pennsylvania are exploring pink hydrogen pilot programs leveraging existing nuclear power plants. The Bipartisan Infrastructure Law and the Inflation Reduction Act have introduced incentives and grants for clean hydrogen projects, explicitly including nuclear-powered electrolysis. In Japan and South Korea, pink hydrogen is under evaluation for its role in hydrogen-based mobility, including fuel cell vehicles and hydrogen-powered trains.
Industrially, sectors that demand high-purity hydrogen and operate near nuclear plants-such as ammonia production, oil refining, and specialty chemicals-are expected to be early adopters. Steelmakers are also looking into pink hydrogen for replacing coking coal in direct reduced iron (DRI) processes. Given that pink hydrogen does not rely on variable renewables, it offers an operationally consistent solution for high-load, high-uptime industrial applications.
What Is Driving Growth in the Global Pink Hydrogen Market?
The growth in the global pink hydrogen market is driven by increasing focus on full-spectrum hydrogen diversification, rising investments in nuclear innovation, and policy incentives promoting low-carbon hydrogen production. As governments and industries move toward net-zero emissions targets, pink hydrogen is emerging as a pragmatic solution where nuclear energy is already a dominant or growing part of the grid.
The capacity to produce hydrogen at scale using stable, non-intermittent energy sources addresses a critical limitation of green hydrogen. Coupled with improvements in electrolysis efficiency and modularization, pink hydrogen is gaining momentum as part of multi-vector energy transition strategies. Infrastructure investments, carbon pricing mechanisms, and clean hydrogen tax credits are improving its financial viability relative to grey and blue hydrogen alternatives.
Moreover, international collaboration in nuclear-hydrogen integration-such as joint R&D between Europe, North America, and East Asia-is creating pathways for knowledge transfer and shared infrastructure. As public opinion shifts toward recognizing nuclear energy’s role in climate mitigation, pink hydrogen stands to benefit from regulatory alignment, project de-risking, and global demand for decarbonized fuels. With rising global momentum, pink hydrogen is poised to secure a key position in the evolving hydrogen economy.
SCOPE OF STUDY:
The report analyzes the Pink Hydrogen market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Form (Liquid Form, Gas Form); Application (Transportation Application, Petrochemical Application, Chemical Application, Steel Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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