The green hydrogen market is flourishing, with a 50.3% CAGR expected from 2023 to 2032, reaching $143.8 billion by 2032. Green hydrogen, derived from renewable energy sources like solar and wind power, is gaining traction in various industries due to its sustainability and efficiency. The proton exchange membrane and alkaline electrolyzers are pivotal in driving this growth, offering mature and cost-effective solutions for hydrogen production. The surge in demand is notably seen in industries like food and beverages, medical, chemical, and petrochemical sectors, catering to the escalating need for clean energy solutions amidst global industrialization and urbanization. The transportation sector dominates green hydrogen application, backed by technological advancements and increasing energy demands. Key trends shaping the market include accelerating adoption of electrolyzer technologies, government support through policies and incentives, integration with renewable energy systems, focus on decarbonizing hard-to-abate sectors, and rising investments in hydrogen hubs and infrastructure. These trends position green hydrogen as a crucial player in building sustainable energy systems globally.