The global energy transition towards renewables is rapidly progressing, with a focus on green hydrogen as a clean energy resource to reduce emissions and improve sustainability. Green hydrogen, produced through water electrolysis using renewable energy sources, offers environmental benefits compared to fossil fuels and is poised to revolutionize industries like transportation and construction. Different types of hydrogen, including blue, gray, and green, are currently utilized industrially, with green hydrogen expected to lead the way in the future. Market projections by Bloomberg New Energy Finance (BNEF) suggest that the U.S., Europe, and China will dominate global hydrogen supply by 2030, contingent on government support and technological advancements. The expected surge in demand for hydrogen by 2050 across various sectors like construction, transportation, and metallurgy underscores the growing importance of green hydrogen as a sustainable energy solution. While the U.S. is poised for significant growth in fuel cell manufacturing, challenges such as high production costs and infrastructure limitations need to be addressed to unlock the full potential of the green hydrogen market. Despite hurdles, global initiatives aim to boost green hydrogen production through large-scale electrolysis plants and hydrogen hubs, with the EU targeting 10 million tons of renewable hydrogen production by 2030. Collaboration between governments and industry players is crucial to drive the industrial production of green hydrogen and overcome regulatory barriers and cost challenges. Although the path to widespread adoption of green hydrogen faces obstacles, the positive outlook on economic growth, sustainability, and technological innovation in the hydrogen sector signals a promising future for the global energy landscape. Continued investment, innovation, and cooperation are essential to harness the full potential of green hydrogen and pave the way for a more sustainable energy future.