Australia Grey Hydrogen Market Size & Outlook, 2023-2030

The grey hydrogen market in Australia is expected to reach a projected revenue of US$ 27,119.4 million by 2030. A compound annual growth rate of 11.5% is expected of Australia grey hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$12,648.6
Forecast, 2030 (US$M)
$27,119.4
CAGR, 2024 - 2030
11.5%
Report Coverage
Australia

Australia grey hydrogen market highlights

  • The Australia grey hydrogen market generated a revenue of USD 12,648.6 million in 2023 and is expected to reach USD 27,119.4 million by 2030.
  • The Australia market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
  • In terms of segment, petroleum refinery was the largest revenue generating application in 2023.
  • Ammonia Production is the most lucrative application segment registering the fastest growth during the forecast period.

Grey hydrogen market data book summary

Market revenue in 2023USD 12,648.6 million
Market revenue in 2030USD 27,119.4 million
Growth rate11.5% (CAGR from 2023 to 2030)
Largest segmentPetroleum refinery
Fastest growing segmentAmmonia Production
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMethanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation

Other key industry trends

  • In terms of revenue, Australia accounted for 3.8% of the global grey hydrogen market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China grey hydrogen market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 44,290.9 million by 2030.

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Grey Hydrogen Market Companies

Name Profile # Employees HQ Website

Australia 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 27.31% in 2023. Horizon Databook has segmented the Australia 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.


  • Australia Grey Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
    • Methanol Production
    • Ammonia Production
    • Petroleum Refinery
    • Transportation
    • Power Generation
    • Others
    • Chemical
    • Refinery
  • Australia 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
  • Australia Grey Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
    • Pipeline
    • Cryogenic Liquid Tankers

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Target buyers of Australia 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 country-level data and insights on the Australia grey hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into Australia grey hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Australia grey hydrogen market size, by application, 2018-2030 (US$M)

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

Australia grey hydrogen market size, by application, 2018-2030 (US$M)

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