The green hydrogen market is experiencing significant growth as a key player in the global clean energy transition. Produced through electrolysis powered by renewable energy sources, green hydrogen offers a sustainable alternative to fossil fuels. Valued at $7.2 billion in 2024, the market is projected to surge to $90.5 billion by 2034 with a strong CAGR of 28.8%. This growth is fueled by the need to decarbonize high-emission sectors like transportation, industrial manufacturing, and power generation. Key driving factors include global decarbonization efforts, increasing renewable energy investments, and favorable government policies. Despite challenges like high production costs and infrastructure limitations, ongoing research and international partnerships are working to overcome these obstacles. The market is seeing strategic advancements by major players like Air Liquide, Siemens Energy, and Nel ASA, who are investing in R&D and infrastructure development. Other companies such as ITM Power, Plug Power, and Ballard Power Systems are also contributing to the market's growth with innovative technologies. Regionally, Europe is leading the market with countries like Germany and the Netherlands promoting hydrogen-based applications. Asia-Pacific and North America are also making strides, while Middle Eastern countries are utilizing their solar energy potential for green hydrogen exports. Recent developments include a shift in pricing, major governmental initiatives, and advancements in electrolyzer technologies. The future of green hydrogen looks promising, with the market poised for exponential growth and strong support from international frameworks. Despite challenges, green hydrogen is set to play a crucial role in the world's journey towards net-zero emissions.