GlobalData highlights the critical phase of development for the hydrogen economy, emphasizing its pivotal role in the decarbonization efforts of various industries. While green hydrogen projects are set to dominate the market by 2030, the current operational capacity remains low. The demand for low-carbon hydrogen is driven by the need to reduce emissions in energy-intensive sectors like oil and gas, as well as its potential applications in transportation. The announcement of new blue and green hydrogen plants signifies a positive trend towards sustainability, with many projects in the feasibility stage. However, the expansion of the hydrogen distribution network, especially through the addition of new pipelines, is essential for the industry's growth. As the global energy transition progresses, the fate of the hydrogen economy will depend on the successful development of infrastructure and the implementation of projects. Wood Mackenzie predicts an upcoming acceleration in low-carbon hydrogen and ammonia sectors in 2025, highlighting key trends to watch for in the industry's evolution.