The global hydrogen market is experiencing a significant growth trajectory, driven by various factors such as the increasing demand for hydrogen-based fuels, industrial decarbonization efforts, and developments in steel and power generation industries. The market value is expected to surpass US$200 billion by 2023 and grow steadily over the next decade. Hydrogen is gaining prominence as a key solution for energy storage and as a clean energy carrier that does not emit CO2, especially in the context of the energy transition. The report highlights the pivotal role of hydrogen in achieving sustainability goals and meeting the increasing global electricity demand. One of the key drivers for the growth in hydrogen demand is its potential as a sustainable alternative to fossil fuels, particularly in power generation and transportation. Global commitments to reduce carbon footprints and achieve net-zero emissions by 2050 are propelling investments in cleaner production methods like electrolysis and the production of green hydrogen harnessed from renewable sources. The market segmentation analysis reveals insights into the different technologies, sectors, sources, and regions influencing the global hydrogen market. Technologies such as steam methane reforming and electrolysis are leading the market, with electrolysis showing the fastest growth due to its role in renewable energy production. The demand for hydrogen across sectors like mobility, power generation, and industry heat is expected to grow, driven by investments in fuel cells and decarbonization efforts. The report also emphasizes the geographical distribution of the hydrogen market, with Asia Pacific emerging as the largest and fastest-growing region. Factors such as rising demand for clean energy, government policies, and investments in hydrogen infrastructure are propelling the growth of the hydrogen market in the region. Overall, the global hydrogen market is poised for significant expansion, with green and low carbon hydrogen production expected to increase substantially in the coming years.