The global green hydrogen market is projected to experience significant growth, reaching $9,834.3 million by 2028 with a 54.7% CAGR. Factors such as the increase in carbon emissions from the transport and industrial sectors, alongside the adoption of hydrogen as a clean fuel for power generation, are key drivers of this market expansion. The report highlights the market's potential due to green hydrogen's long-term storage capabilities and higher energy content relative to fossil fuels. While increased government and industry investments present growth opportunities, the high costs of production remain a challenge for the market by 2028. The COVID-19 pandemic caused disruptions, leading to delays in the commercialization of green hydrogen due to financial challenges associated with clean energy projects. The market is segmented based on type, application, end-use, and region. Notable projections include the dominance of the alkaline electrolyzer sub-segment, power generation sub-segment, and petrochemical sub-segment by 2028. The Asia-Pacific region is expected to lead market growth with a CAGR of 55.2%, driven by strong investor interest and technological advancements. Key players such as Royal Dutch Shell, Green Hydrogen Systems, and Ballard Power Systems are actively involved in strategies like product development and partnerships to maintain a competitive edge. Despite challenges, the green hydrogen market is poised for growth, especially in regions like Asia-Pacific, where initiatives and investments are driving the transition towards cleaner energy sources.