The European hydrogen market has seen significant growth, with valuations expected to rise from USD 77.80 billion in 2024 to USD 149.13 billion by 2033, showcasing a CAGR of 7.50% over the period. Hydrogen is increasingly recognized as a versatile and clean energy carrier crucial for decarbonizing various sectors like industries, transportation, and power generation. The European Union has set ambitious targets through initiatives like the Green Deal and Hydrogen Strategy, aiming for 40 gigawatts of renewable hydrogen electrolyzers by 2030, with investments exceeding €10 billion in hydrogen projects. This momentum has positioned countries like Germany, France, and Spain as leaders in hydrogen adoption, collectively accounting for over 50% of Europe's hydrogen capacity. The market is shifting towards green hydrogen production using electrolysis powered by renewable energy, with expectations of substantial growth due to declining costs and technological advancements. Despite the promising outlook, challenges such as high production costs, infrastructure development, and scalability remain crucial barriers. Efforts are ongoing to address these challenges, focusing on reducing production costs, enhancing infrastructure, and overcoming storage limitations to enable the seamless integration of hydrogen into Europe's energy landscape and achieve net-zero emissions by 2050.