The global green hydrogen market is experiencing rapid growth as a vital component of the transition to sustainable energy systems. Green hydrogen, produced through electrolysis using renewable energy sources, offers a clean and sustainable fuel alternative to traditional fossil fuels, aiding in carbon emission reduction and industry decarbonization. The market is being driven by government policies, technological advancements, and the need to reduce emissions in sectors like heavy industry and transportation. The market size is expected to see a significant increase, reaching USD 203.8 Billion by 2032. Government initiatives globally, including in the European Union, the United States, Japan, and South Korea, are supporting green hydrogen strategies to meet decarbonization goals. Technological advancements in electrolyzer technologies have enhanced the production efficiency and reduced costs. The expansion of renewable energy sources, coupled with the rising demand for clean energy solutions, further boosts the adoption of green hydrogen. Despite the positive outlook, challenges such as high production costs, infrastructure limitations, energy efficiency concerns, and competition from alternative energy sources pose hurdles to market scalability. The market can be segmented by production method (electrolysis and other methods), application (transport, industry, power generation, residential and commercial, others), and region (North America, Europe, Asia-Pacific, Rest of the World). Top players in the market include Air Liquide and Air Products Inc., driving advancements and investments in green hydrogen technologies.