The global hydrogen economy is witnessing a significant shift towards low-carbon hydrogen, with an expected surge in capacity by 2030. Green hydrogen is set to dominate this growth, accounting for 83% of the capacity, while blue hydrogen will also play a vital role. Industries like steel, transportation, and power are driving the demand for low-carbon hydrogen to decarbonize their operations. Despite the current critical phase of development, the momentum is strong, with 75% of hydrogen projects in the feasibility stage. Oil and gas companies are actively investing in blue and green hydrogen production, expecting operational plants by 2030. The expansion of the hydrogen distribution network, along with the addition of new pipelines, is crucial for the future success of the hydrogen economy.