Pink Hydrogen Market Size, Share & Trends Analysis Report, 2033

(MENAFN- Straits Research) Introduction

Pink hydrogen is a type of clean hydrogen produced through the electrolysis of water, where the electricity required for the process is generated by nuclear energy. This method offers a carbon-free alternative to traditional hydrogen production processes that rely on fossil fuels, such as steam methane reforming.

Pink hydrogen is gaining attention as countries aim to decarbonize heavy industries, transportation, and power sectors. It is particularly appealing in regions with established nuclear infrastructure or plans for advanced nuclear technologies like small modular reactors (SMRs).

This technology aligns with global goals for reducing greenhouse gas emissions and offers an opportunity to diversify hydrogen production methods while supporting the transition to a sustainable energy future.

Market Dynamics

Supportive government policies and decarbonization goals drive the global market

Supportive government policies and ambitious decarbonization targets are driving the growth of the global pink hydrogen market . With nations committing to significant carbon emission reductions, hydrogen is emerging as a pivotal element in decarbonizing high-emission industries such as steel, cement, and transportation. Pink hydrogen, produced using nuclear energy, is gaining momentum as a low-carbon and reliable energy source.

• For example, France is advancing plans to construct 13 next-generation nuclear reactors, while the UK aims to achieve 24 GW of nuclear capacity by 2050, supported by investments in small modular reactors (SMRs). These initiatives reflect a global shift towards integrating nuclear power with hydrogen production to meet carbon reduction goals under agreements like the Paris Accord.

This synergy between nuclear energy and hydrogen production is establishing pink hydrogen as a key player in sustainable energy transitions worldwide.

Technological advancements in nuclear power create tremendous opportunities

Technological advancements in nuclear power, particularly in small modular reactors (SMRs) and Generation IV reactors, are creating significant growth opportunities for the global pink hydrogen market. These innovations offer safer, more cost-effective, and scalable solutions for hydrogen production.

Additionally, high-temperature gas-cooled reactors (HTGRs) and molten salt reactors are enhancing hydrogen generation efficiency by producing heat at optimal temperatures, which improves the process of splitting water into hydrogen and oxygen.

• For example, the Turkish Energy, Nuclear, and Mining Research Institute (TENMAK) is focused on advancing green hydrogen and electrolyzer technology. The Institute aims to scale from a 500 kW electrolyzer in 2023 to a more ambitious 500 MW to 1 GW by 2053, highlighting its long-term commitment to innovation in hydrogen production.

Regional Analysis

Europe is at the forefront of the global pink hydrogen market, driven by its ambitious decarbonization goals and commitment to sustainable energy. The European Union (EU) has set an aggressive target to achieve net-zero emissions by 2050, spurring significant investments in clean energy solutions, including nuclear power and hydrogen production technologies. Pink hydrogen, produced through nuclear energy, aligns perfectly with Europe's strategy to reduce its reliance on fossil fuels while enhancing energy security.

Countries like France and the UK are leading the charge, thanks to their well-established nuclear infrastructures, making integrating nuclear-based hydrogen into their energy mix easier. Moreover, both nations are actively expanding their nuclear capacity, with plans for new reactors, contributing further to Europe's efforts to develop a low-carbon hydrogen economy. This strong commitment, backed by ongoing technological advancements, positions Europe as a leader in driving the growth of the pink hydrogen sector.

Key Highlights

• The global pink hydrogen market size was valued at USD 45
  billion in 2024 and is projected to grow from USD 31.68 billion to reach USD 252.82
  billion in 2033, growing at a CAGR of 29.6% over the forecast period (2025-2033).
• Based on the process, the global marketis segmented into PEM electrolysis, alkaline electrolysis, and solid oxide electrolysis.
  The PEM electrolysis
  segment owns the highest market share.
• Based on form, the global marketis segmented into liquid and gas.
  The gas
  segment is the largest revenue contributor to the market.
• Based on end-users, the global marketis segmented into
  refinery, ammonia, cement industry, steel production, aviation
  and transportation, and others. The steel production
  segment is the largest revenue contributor to the market.
• Europeis the most significant global pink hydrogen market

The key players in the global market are Siemens Energy, Air Products and Chemicals, OKG Aktiebolag, Linde Plc, Exelon Corporation, Air Liquid, Nel ASA, Hydrogen Systems, Iberdrola SA, SGH2Energy, Constellation Energy, Axpo Group, Mitsubishi Heavy Industries, Ltd and others.