The production of green hydrogen is gaining momentum as a crucial component in decarbonizing industries that are challenging to transition away from traditional fossil fuels. ABI Research forecasts that the levelized cost of hydrogen (LCOH) will significantly drop by 2030, making green hydrogen cost-competitive and more affordable than conventional polluting alternatives by 2040. This cost reduction is attributed to advancements in electrolyzer efficiencies, lower production costs, and economies of scale across green hydrogen facilities. Key players in driving down costs include electrolyzer producers such as ITM Power, Plug Power, and Siemens Energy. Supporting technology vendors like Danfoss and Schneider Electric are focusing on reducing operational costs to further enhance the economic viability of green hydrogen. Major green hydrogen producers like Linde and Shell are expected to lead the market as the industry matures. The adoption of green hydrogen by heavy industries like aviation, steel, shipping, and petrochemicals is crucial for meeting sustainability goals at various levels. The success of green hydrogen projects in these sectors depends on accurate cost predictions. Understanding the timeline for reaching cost competitiveness and identifying market demands will be essential for industry vendors. ABI Research's report on The Economic Viability of Green Hydrogen for Industry and Enterprises emphasizes the potential of green hydrogen to drive sustainable practices in various sectors. As the industry moves towards cost-competitive green hydrogen production, the global market is expected to witness a significant shift towards cleaner and more sustainable energy sources.