The hydrogen economy is at a critical juncture as it grapples with challenges and opportunities in its development. Despite falling short of growth expectations, there is a positive outlook as demand for low-carbon hydrogen remains strong among industries aiming to decarbonise. GlobalData forecasts that green hydrogen will dominate the market by 2030, with significant capacity expected to come online. The oil and gas sector is a key consumer, with interest also emerging from metallurgy, power generation, and transportation industries. While project announcements have increased, most are still in the feasibility stage, highlighting the market's growing interest. Oil and gas companies are investing in both blue and green hydrogen, emphasizing the importance of distribution network expansion. The US and Europe are leading in hydrogen production, with different focuses on blue and green hydrogen respectively. However, challenges such as funding, grid congestion, and geopolitical tensions pose uncertainties. The success of the hydrogen economy hinges on addressing these challenges, particularly in infrastructure development and cost management, to meet policy targets and navigate future uncertainties.