Pink Hydrogen Market (2025 - 2033) Size, Share & Trends Analysis Report By Process (PEM Electrolysis, Alkaline Electrolysis, Solid Oxide Electrolysis), By End Use (Refinery, Ammonia, Methanol, Steel Production, Transport), By Region, And Segment Forecasts

Pink Hydrogen Market Summary

The global pink hydrogen market size was valued at USD 27.03 billion in 2024 and is anticipated to reach USD 286.97 billion by 2033, registering a CAGR of 30.11% from 2025 to 2033. Pink hydrogen refers to hydrogen produced through electrolysis powered by nuclear energy, offering a zero-carbon alternative with high energy density and reliability.

As nations strive to meet decarbonization targets while ensuring a base-load energy supply, pink hydrogen emerges as a strategic solution in the clean hydrogen landscape. Growing investments in nuclear-powered electrolysis infrastructure, favorable government policies promoting hydrogen diversification, and the integration of hydrogen into industrial and transport applications are driving market growth. Additionally, advancements in high-temperature electrolysis technologies and rising collaborations between nuclear operators and hydrogen producers are expected to strengthen the market outlook. The stable nature of atomic energy positions pink hydrogen as a crucial element in long-term pink hydrogen strategies, particularly in regions with strong nuclear capacity and climate mandates.

The industry spans various applications to enable zero-carbon hydrogen production through nuclear-powered electrolysis. While green and blue hydrogen dominate many clean energy discussions, pink hydrogen presents a stable and scalable solution, particularly in regions with established nuclear capacity. It is critical in decarbonizing hard-to-abate sectors such as heavy industry, chemical production, and long-haul transportation, where an uninterrupted hydrogen supply is vital. Its importance is further underscored in energy systems striving for round-the-clock clean power and deep emissions cuts.

Although traditional fossil-based hydrogen still holds a significant share, the shift toward cleaner hydrogen sources is accelerating. Countries such as the United States, France, Canada, and the United Kingdom are investing in nuclear-hydrogen pilot projects, advanced electrolysis technologies, and supportive policy frameworks. These developments, coupled with rising global commitments to net-zero targets, clean energy financing, and industrial decarbonization initiatives, are instrumental in shaping the future of pink hydrogen. As part of a diversified hydrogen portfolio, pink hydrogen is poised to advance sustainable and resilient energy ecosystems worldwide.

Drivers, Opportunities & Restraints

The growing global push to decarbonize energy systems, reduce greenhouse gas emissions, and diversify hydrogen production methods drives momentum in the pink hydrogen market. Countries with robust nuclear infrastructure are increasingly viewing pink hydrogen as a strategic asset, enabling low-emission hydrogen production without the variability of renewables. Government-backed hydrogen roadmaps, carbon neutrality pledges, and financial incentives for clean hydrogen projects are accelerating deployment. Additionally, the steady performance of nuclear-powered electrolysis provides a reliable pathway to meet industrial hydrogen demand, especially in sectors where operational continuity is critical.

Opportunities in the pink hydrogen space are gaining traction as nuclear innovation advances, including small modular reactors (SMRs) and high-temperature electrolysis technologies. Collaborations between nuclear operators, hydrogen producers, and research institutions are opening doors to scalable and efficient solutions. There is a rising interest in coupling nuclear plants with hydrogen hubs and export terminals, expanding global market reach. However, challenges persist. High capital costs, public skepticism around atomic energy, and lengthy project development timelines can hinder growth. Moreover, policy inconsistencies and a lack of clear regulatory frameworks for nuclear-hydrogen integration remain key restraints, especially in emerging and transitioning economies.

Process Insights

The alkaline electrolysis segment dominated the market, accounting for a revenue share of over 68.0% in 2024. It is also projected to remain the fastest-growing sub-segment over the forecast period. Alkaline electrolysis has become a cost-effective and technically mature solution for large-scale hydrogen production using nuclear power. Its long operational track record, simpler design, and lower capital cost than other electrolysis technologies make it particularly attractive for utilities and industrial operators exploring nuclear-hydrogen integration.

Alkaline systems offer robust performance under steady operating conditions, making them well-suited for continuous hydrogen generation in conjunction with baseload nuclear energy. They utilize widely available and affordable materials, contributing to favorable economics and scalability. Moreover, increasing government support, standardization of electrolysis systems, and expanding public-private partnerships are driving adoption across the U.S., Europe, and Asia. As demand for clean, low-cost hydrogen accelerates, alkaline electrolysis is expected to be foundational in the early-phase deployment of pink hydrogen infrastructure worldwide.

End Use Insights

The refinery segment held the largest revenue share of 44.0% in 2024. This dominance is driven by the growing need to decarbonize hydrogen in refining operations, which traditionally rely on grey hydrogen derived from fossil fuels. Refineries increasingly turn to pink hydrogen as a clean, reliable, and large-scale alternative to reduce carbon emissions in processes such as hydrocracking and desulfurization. With tightening global emissions regulations and clean fuel standards, integrating low-carbon hydrogen into refining workflows is becoming a strategic priority across major oil-producing and energy-transitioning economies.

The refinery segment is poised for continued growth over the forecast period, supported by nuclear-hydrogen integration projects, stable baseload supply from nuclear power, and favorable policy incentives targeting industrial decarbonization. While cost and infrastructure upgrades remain challenges, advancements in electrolysis technologies and government-backed demonstration projects are helping lower adoption barriers. Meanwhile, other end-use sectors like transportation, power generation, and chemicals are scaling their hydrogen usage. Still, the refining industry remains a key early adopter due to its substantial and consistent hydrogen demand. As the pressure to reduce industrial carbon footprints grows, the role of pink hydrogen in refining is expected to expand significantly in the pursuit of low-emission energy systems.

Regional Insights

North America pink hydrogen market held over 37.0% revenue share in 2024, emerging as the leading region due to its advanced nuclear infrastructure, strong federal support for clean hydrogen, and increasing industrial decarbonization efforts. The United States is at the forefront with large-scale nuclear power generation capacity and landmark legislation such as the Inflation Reduction Act (IRA), which incentivizes clean hydrogen production through tax credits and public funding. Initiatives like the U.S. Department of Energy’s Hydrogen Hubs and collaborations with national laboratories are accelerating the deployment of nuclear-powered electrolysis systems nationwide.

The region’s focus on energy security, decarbonizing hard-to-abate sectors, and building resilient domestic hydrogen supply chains drives rapid investment in pink hydrogen technologies. Public-private partnerships, increasing utility involvement, and research funding for advanced electrolyzers and nuclear-hydrogen integration further support growth. As North America scales up hydrogen infrastructure through dedicated corridors, industrial zones, and transport applications, it is expected to maintain its leadership in the global pink hydrogen market throughout the forecast period.

Europe Pink Hydrogen Market Trends

The pink hydrogen market in Europe is driven by its robust nuclear power infrastructure, ambitious climate targets, and comprehensive hydrogen strategies. Countries like France, Finland, and the Czech Republic are leading the way in integrating nuclear energy with electrolysis to produce low-carbon hydrogen. Backed by the European Green Deal, REPowerEU, and various national hydrogen roadmaps, pink hydrogen is a key solution for decarbonizing industries such as refining, chemicals, and heavy transportation.

Expanding hydrogen valleys, deploying next-generation nuclear technologies like small modular reactors (SMRs), and investing in cross-border hydrogen infrastructure support regional efforts. Strong public-private partnerships, research funding, and corporate commitments to net-zero emissions further accelerate the market’s growth. With an emphasis on energy sovereignty, technological innovation, and reduced fossil fuel dependence, Europe is set to scale its pink hydrogen capacity significantly over the coming years.

Asia Pacific Pink Hydrogen Market Trends

The pink hydrogen market in Asia Pacific is emerging as a high-growth region in the pink hydrogen market, propelled by expanding nuclear power capabilities and decarbonization efforts in countries like China, Japan, South Korea, and India. The region explores nuclear-to-hydrogen projects to support energy security, industrial competitiveness, and net-zero emissions goals. National hydrogen roadmaps, pilot programs, and investments in SMRs are laying the foundation for future pink hydrogen development.

Asia Pacific’s competitive advantage in technology manufacturing, cost optimization, and energy infrastructure innovation positions it well for scaling nuclear-integrated hydrogen production. Japan and South Korea prioritize pink hydrogen for fuel cell transport, while China invests in nuclear-hydrogen integration for industrial decarbonization. As nuclear energy and hydrogen policies evolve, the region is set to play a growing role in the global pink hydrogen economy.

Latin America Pink Hydrogen Market Trends

The pink hydrogen market in Latin America is nascent but gaining attention as countries explore nuclear energy’s potential for clean hydrogen production. Brazil and Argentina, which operate nuclear power plants, are evaluating pathways to integrate electrolysis systems for industrial and transport applications. The region’s broader shift toward clean energy diversification creates opportunities for pilot-scale pink hydrogen projects.

Public-private partnerships, international collaboration, and climate finance are crucial to advancing nuclear-hydrogen development in the region. While most hydrogen focuses on green variants, pink hydrogen offers an additional route to decarbonize energy-intensive sectors. With strategic planning and regulatory evolution, Latin America could become a niche player in the global pink hydrogen market.

Middle East & Africa Pink Hydrogen Market Trends

The pink hydrogen market in the Middle East and Africa (MEA) is part of its diversified hydrogen strategies for energy transition and global export leadership. Countries such as the UAE, Saudi Arabia, and Egypt are investing in advanced nuclear technologies to complement large-scale clean hydrogen production initiatives. Pink hydrogen is considered a reliable, low-emission alternative to support industrial decarbonization and long-term climate goals.

National visions like the UAE’s Net Zero by 2050 and Saudi Arabia’s Vision 2030 provide strategic frameworks for nuclear energy development and hydrogen integration. In Africa, particularly in South Africa, interest in nuclear-hydrogen pathways is slowly emerging through energy diversification efforts and international cooperation. While still early in development, MEA’s abundant energy resources, favorable solar-nuclear mix, and supportive policy initiatives could create a promising foundation for pink hydrogen deployment in the long term.

Key Pink Hydrogen Companies Insights

Key players operating in the pink hydrogen market are undertaking various initiatives to strengthen their presence and increase the reach of their products and services. Strategies such as expansion activities and partnerships are key in propelling the market growth.

Recent Developments

• In December 2024, Nel ASA secured a USD 5.4 million contract to supply 10 MW of alkaline electrolyzer equipment to Samsung C&T Corporation in South Korea, marking the country’s first demonstration of nuclear-powered pink hydrogen production. This project aims to convert surplus nuclear electricity into hydrogen,making efficient use of otherwise wasted energy during off-peak periods. The electrolyzer stacks and balance-of-stacks will be produced at Nel’s Herøya facility in Norway, reinforcing its manufacturing leadership in pink hydrogen systems.

Pink Hydrogen Market Report Scope

Global Pink Hydrogen Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global pink hydrogen market report on the basis of process, end use, and region.

• Process Outlook (Revenue, USD Billion, 2021 - 2033)

  • PEM Electrolysis

  • Alkaline Electrolysis

  • Solid Oxide Electrolysis

• End Use Outlook (Revenue, USD Billion, 2021 - 2033)

  • Refinery

  • Ammonia

  • Methanol

  • Steel Production

  • Transport

  • Others

• Regional Outlook (Revenue, USD Billion, 2021 - 2033)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • UAE