Pink Hydrogen Market Size To Reach $286.97 Billion By 2033

July 2025 | Report Format: Electronic (PDF)

Pink Hydrogen Market Growth & Trends

The global pink hydrogen market size is projected to reach USD 286.97 billion by 2033, growing at a CAGR of 30.11% from 2025 to 2033, according to a new report by Grand View Research, Inc. The increasing global emphasis on zero-emission energy solutions that offer both scalability and grid stability is driving market momentum. Pink hydrogen produced through electrolysis powered by nuclear energy is rapidly emerging as a viable alternative to fossil-derived hydrogen, especially in industrial and energy-intensive sectors where uninterrupted power supply and carbon neutrality are critical priorities.

The adoption of pink hydrogen technology is expanding across regions such as Europe, North America, and parts of Asia Pacific, particularly in countries with mature nuclear power capabilities like France, the U.S., China, Finland, and South Korea. These nations are spearheading pilot programs and commercial-scale implementations aimed at decarbonizing core industries such as ammonia production, petroleum refining, steelmaking, and long-haul transportation. The ability to generate hydrogen independently of weather variability-unlike solar or wind-gives pink hydrogen a strategic advantage for ensuring energy security and achieving climate goals under net-zero mandates.

International frameworks like the EU’s REPowerEU, the U.S. Inflation Reduction Act, and collaborative efforts under initiatives like the Clean Hydrogen Mission are accelerating investments in nuclear-electrolysis integration. Global energy companies, technology providers, and research institutions are increasingly focusing on high-capacity electrolyzers, AI-enhanced control systems, and nuclear-electrolysis co-location models to reduce costs and enhance system efficiency. Industry leaders such as EDF, Rosatom, Siemens Energy, and Air Liquide are forging strategic alliances to scale up nuclear-powered hydrogen generation and supply chain infrastructure.

A growing number of hybrid energy systems combining nuclear, renewables, and battery storage are being explored globally to enhance hydrogen production flexibility, reduce costs, and optimize load balancing. Nevertheless, the market faces challenges including high upfront investment, regulatory complexity, and public concerns around nuclear energy. However, continuous advancements in electrolyzer performance, digital monitoring

Technology and supportive public policy frameworks are mitigating these hurdles. As governments and industries intensify efforts toward climate neutrality and energy independence, pink hydrogen is expected to play a foundational role in the global clean hydrogen transition.

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Pink Hydrogen Market Report Highlights

Based on process, alkaline electrolysis dominated the market with a share of 68% in 2024, owing to its technological maturity, cost-effectiveness, and suitability for large-scale hydrogen production. This process leverages well-established electrolyzer designs that utilize affordable and widely available materials, making it a preferred choice for utility-scale deployment alongside nuclear power plants. Its long operational history and ability to operate continuously under stable conditions align well with the consistent baseload output of atomic energy.
Based on end use, the refinery segment held the largest share in 2024, driven by the urgent need to decarbonize hydrogen-intensive refining processes and meet stringent emission reduction targets. Refineries consume vast amounts of hydrogen for hydrocracking, desulfurization, and other catalytic processes, traditionally sourced from fossil-based methods such as steam methane reforming (SMR). The integration of pink hydrogen, produced via nuclear-powered electrolysis, provides a zero-carbon alternative that enables significant emissions cuts without disrupting core operations.
Key industry participants include Siemens Energy, Air Products and Chemicals, OKG Aktiebolag, Linde Plc, Exelon Corporation, Air Liquide, Nel ASA, Hydrogen Systems, Iberdrola SA, and SGH2Energy, among others.