Asia Pacific Grey Hydrogen Market Size & Outlook

The grey hydrogen market in Asia Pacific is expected to reach a projected revenue of US$ 263,029.8 million by 2030. A compound annual growth rate of 10.9% is expected of Asia Pacific grey hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$127,221.0
Forecast, 2030 (US$M)
$263,029.8
CAGR, 2024 - 2030
10.9%
Report Coverage
Asia Pacific

Asia Pacific grey hydrogen market highlights

  • The Asia Pacific grey hydrogen market generated a revenue of USD 127,221.0 million in 2023.
  • The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
  • In terms of segment, petroleum refinery was the largest revenue generating application in 2023.
  • Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.

Asia Pacific data book summary

Market revenue in 2023USD 127,221.0 million
Market revenue in 2030USD 263,029.8 million
Growth rate10.9% (CAGR from 2023 to 2030)
Largest segmentPetroleum refinery
Fastest growing segmentTransportation
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMethanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 38.0% of the global grey hydrogen market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Latin America is the fastest growing regional market and is projected to reach USD 85,275.9 million by 2030.

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Grey Hydrogen Market Companies

Name Profile # Employees HQ Website

Asia Pacific grey hydrogen market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grey hydrogen market will help companies and investors design strategic landscapes.


Petroleum refinery was the largest segment with a revenue share of 23.18% in 2023. Horizon Databook has segmented the Asia Pacific grey hydrogen market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.


  • Asia Pacific Grey Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
    • Methanol Production
    • Ammonia Production
    • Petroleum Refinery
    • Transportation
    • Power Generation
    • Others
    • Chemical
    • Refinery
  • Asia Pacific Grey Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
    • Coal Gasification
    • Steam Methane Reforming
    • Methane Pyrolysis
    • Alkaline Electrolyzer
    • PEM Electrolyzer
    • SOEC Electrolyzer
    • Gas Partial Oxidation
    • Auto Thermal Reforming
  • Asia Pacific Grey Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
    • Pipeline
    • Cryogenic Liquid Tankers

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Target buyers of Asia Pacific grey hydrogen market databook

  • Our clientele includes a mix of grey hydrogen market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific grey hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific grey hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific grey hydrogen market size, by country, 2018-2030 (US$M)

Asia Pacific Grey Hydrogen Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific grey hydrogen market size, by country, 2018-2030 (US$M)

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