Pink hydrogen, a clean hydrogen variant produced through nuclear-powered electrolysis, is gaining prominence globally as a sustainable energy solution. This technology offers a carbon-free alternative, aligning with efforts to decarbonize heavy industries, transportation, and power sectors. Supportive government policies and decarbonization targets are propelling the growth of the pink hydrogen market, particularly in regions with established nuclear infrastructure or plans for advanced nuclear technologies. Technological advancements in nuclear power, such as small modular reactors and Generation IV reactors, enhance the efficiency and scalability of pink hydrogen production. Europe stands out as a leader in the global pink hydrogen market, driven by aggressive decarbonization goals and investments in clean energy. The market is projected to grow significantly, reaching USD 252.82 billion by 2033. Key players in this market include Siemens Energy, Air Products and Chemicals, and Linde Plc. Recent developments, like Constellation Energy's successful pink hydrogen project in the U.S., highlight the progress in nuclear-powered hydrogen production. Overall, the rise of pink hydrogen signifies a positive shift towards a sustainable energy future.