The Green Hydrogen Market is experiencing significant growth globally, with projections to reach USD 89.4 Billion by 2031 and a remarkable CAGR of 39.5%. Green hydrogen, produced through water electrolysis powered by renewable energy, is crucial for decarbonization efforts. The industry is advancing rapidly, driven by declining renewable energy costs, improving electrolyzer efficiency, and supportive government policies. Major players are investing in large-scale production facilities, and the integration of AI and IoT is optimizing processes. Environmental concerns and carbon emission regulations are accelerating adoption, especially in industrial and transportation sectors. Challenges include supply chain constraints and high initial capital costs. Despite economic uncertainties, government commitments provide stability. Europe leads the market, followed by Asia Pacific and North America. Key players include Siemens Energy, Nel ASA, and ITM Power. The market's growth is fueled by government support, technological advancements, and increasing demand in industrial and transportation applications.