The hydrogen economy's growth has faced setbacks as demand has not met previous expectations set by companies transitioning to low-carbon energy sources. Despite this, industries like steel, transportation, and power are driving the need for low-carbon hydrogen. GlobalData's report indicates that by 2030, 83% of low carbon hydrogen capacity will come from green hydrogen plants. Oil and Gas Analyst Ravindra Puranik emphasizes the role of low-carbon hydrogen in decarbonization efforts, especially in energy-intensive industries. As companies announce more projects focusing on low-carbon hydrogen, the future looks promising for green and blue hydrogen production. However, the current critical phase underscores the necessity of expanding the hydrogen distribution network for sustained growth in the industry.