Grey Hydrogen Remains Cost Anchor in Evolving Global Hydrogen Economy
The global grey hydrogen market was valued at US$ 147.4 Bn in 2024 and is projected to grow at a CAGR of 3.8% from 2025 to 2035, reaching approximately US$ 222.2 Bn by the end of 2035. Despite increasing attention on green and blue hydrogen, grey hydrogen continues to dominate global supply due to its cost advantages, mature infrastructure, and strong industrial demand.
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