The global pink hydrogen market is experiencing remarkable growth propelled by the demand for clean energy and the necessity to reduce greenhouse gas emissions. Valued at US$ 160.0 Mn in 2022, the market is expected to expand at a CAGR of 43.2% from 2023 to 2031, reaching US$ 5.8 Bn by 2031. Pink hydrogen, produced through electrolysis with renewable energy sources, is emerging as a sustainable fuel supporting decarbonization in various sectors. The market witnesses momentum due to climate change concerns and the global shift towards renewable energy. Pink hydrogen's environmental benefits, rapid scalability via PEM electrolysis, and emission reduction potential are driving its growth. Key drivers include the rising demand for clean energy, versatile applications in transportation and chemicals, and support from policies promoting hydrogen fuel adoption. PEM electrolysis technology dominates due to its efficiency, scalability, and high purity output. Europe and Asia Pacific lead in pink hydrogen adoption, supported by strict regulations, government backing, and renewable investments.