The hydrogen market is poised for significant growth, set to expand at a 7.8% compound annual growth rate (CAGR) from 2024 to 2031, with a projected value of USD 442.63 billion by 2031. This growth is driven by the push for de-carbonisation and advancements in existing technologies within the sector. Notably, hydrogen fuel cells are playing a crucial role in supporting zero-emission heavy-duty automobiles, thereby contributing to reducing greenhouse gas emissions. The transportation sector is expected to be a major driver of this market growth. Green hydrogen production is a key focus area within the market, with advancements in electrolysis technology leading to cleaner energy systems and a shift towards sustainable practices. The adoption of fuel-cell electric vehicles is gaining momentum as an alternative to traditional combustion engines, with significant investments from automotive manufacturers and infrastructure developers. Several industry partnerships and developments highlight the increasing interest in green hydrogen production. Companies like Nel ASA, Reliance Industries, Heidelberg Materials, Linde, Plug Power Incorporation, Air Products, and TotalEnergies are actively working towards the advancement and adoption of green hydrogen technologies. The trend towards green hydrogen production through water electrolysis using renewable energy sources such as wind, solar, tidal, and hydroelectric is expected to make the process more cost-effective and environmentally friendly. This shift towards eco-friendly production methods is set to reshape the hydrogen market landscape and drive further innovation and growth in the industry.