Hydrogen production is a pivotal component in the global shift towards decarbonization and reducing greenhouse gas emissions. In 2023, the Energy Institute's report revealed the total kilotons of hydrogen produced worldwide, with a focus on blue and green hydrogen. Blue hydrogen, derived from natural gas with carbon capture technology, currently leads global production due to its cost-effectiveness and leveraging of existing infrastructure. Green hydrogen, produced through electrolysis powered by renewable energy, faces cost challenges primarily due to the high costs of renewable energy and technology inefficiencies. Asia Pacific emerges as a key player in the green hydrogen race, surpassing other regions in production capacity. Notably, China's Sinopec and Japan's Mitsubishi Corporation are making substantial investments in green hydrogen projects, with plans to scale up production significantly. The market trends indicate a shift towards greener hydrogen production methods and increased investments in innovative technologies for a more sustainable energy future.