The green hydrogen market is thriving, with a remarkable CAGR of 53.53% projected from 2022 to 2029. Key trends such as rising investments, technological advancements, and the emergence of new membrane technologies like anion exchange membrane are propelling this growth. While some express skepticism about green hydrogen's future, its recognition as a leading sustainable energy source is increasing due to rapid technological advancements and the declining cost of renewable electricity. Despite the predominance of natural gas-derived hydrogen, which falls short of carbon neutrality goals, green hydrogen production is garnering attention for its potential in the energy transition. The global focus on decarbonization and the transition to a low-carbon economy is driving significant investments and interest in green hydrogen. Major companies like Iberdrola and ITM Power are actively investing in R&D and innovation to drive the development of green hydrogen technologies. Governments are also stepping up, with initiatives such as the World Bank's $150 million loan to Chile for green hydrogen projects, highlighting the global commitment to reduce carbon emissions. The demand for green hydrogen is rising in sectors like heavy industries and long-haul transportation, offering solutions for decarbonization challenges. The surge in investments and commitments in green hydrogen technologies signifies a shift towards cleaner energy alternatives and sustainable growth.