The hydrogen economy, despite facing challenges in demand growth, is poised for expansion as various industries prioritize decarbonization efforts. GlobalData highlights that the future demand for low-carbon hydrogen is set to escalate, particularly driven by sectors like steel, transportation, and power generation. By 2030, it is projected that green hydrogen plants will account for a significant majority (83%) of the low-carbon hydrogen capacity, showcasing the industry's shift towards sustainable practices. Oil and gas companies are actively investing in blue and green hydrogen projects to align with their energy transition strategies, signaling a positive outlook for hydrogen as an energy source. The critical role of hydrogen in downstream oil and gas processes, as well as its potential in the transportation sector for marine and heavy vehicle applications, further solidifies its importance in the global energy landscape. With a surge in low-carbon hydrogen project announcements and the majority of these projects in the feasibility stage, the momentum for transitioning to cleaner energy sources is evident. However, a key challenge lies in scaling up the hydrogen distribution network, emphasizing the need for infrastructure development such as new pipelines. The current phase of the hydrogen economy represents a pivotal moment that will shape its trajectory in the years to come, with the decisions and actions taken by industries and companies playing a crucial role in determining its future growth and sustainability.