Green hydrogen is poised to revolutionize heavy industries by offering a sustainable solution for decarbonization. Despite the historically high Levelized Cost of Hydrogen (LCOH), ABI Research foresees a significant cost decline, predicting that by 2030, global green hydrogen production costs will drop to US$2.5/kg, becoming cost-competitive. By 2040, these costs are expected to plummet further to US$1.80/kg, driven by advancements in electrolyzer efficiencies, economies of scale, and decreasing renewable energy prices. Key players in this transformation include electrolyzer producers like ITM Power and supporting technology vendors such as Danfoss and Schneider Electric. The success of these projections is crucial for heavy industry vendors aiming to align with sustainability goals and net zero targets. Industries like aviation, steel, and shipping, facing pressure to decarbonize, will find green hydrogen adoption essential. Major green hydrogen producers like Linde and Shell are set to play a pivotal role as the market matures. ABI Research's report emphasizes the importance of accurately predicting costs for project success, highlighting the need for industry players to monitor the market dynamics closely for optimal timing and market entry. Overall, the economic viability of green hydrogen is expected to pave the way for a cleaner future in industrial sectors, driving sustainable growth and environmental protection.