Global Low-Carbon Hydrogen Market size was valued at USD 22.73 Bn. in 2023 and is expected to reach USD 68.22 Bn. by 2030, at a CAGR of 17%.

Low-carbon hydrogen refers to hydrogen that is produced through methods that generate minimal greenhouse gas emissions, resulting in a significantly lower carbon footprint compared to traditional hydrogen production processes. This type of hydrogen is considered more environmentally friendly as it reduces the overall impact on the climate, making it a more sustainable option for various applications that require hydrogen as a fuel or feedstock. It's also versatile - suitable for power generation, trucking, and heat-intensive industries like steel and chemicals its applications in such industries have positive impact on the low-carbon hydrogen market.