The global hydrogen market is experiencing significant growth, with its value expected to increase from $200 billion in 2024 to $700 billion by 2040. This growth is primarily attributed to the rise of green and blue hydrogen production, supported by policy frameworks and advancements in technology. Green hydrogen, produced through renewable-powered electrolysis, and blue hydrogen, generated from natural gas with carbon capture, are gaining prominence as countries commit to net-zero goals. The transportation sector, including heavy-duty vehicles, aviation, and maritime industries, is increasingly adopting hydrogen fuel cells due to challenges faced by battery electrification. Major regions such as the EU, Japan, South Korea, China, and the US are at the forefront of hydrogen adoption, with significant investments and targets to expand hydrogen infrastructure. While the industry faces challenges like higher production costs for green hydrogen, the outlook remains positive. Projections indicate that hydrogen could potentially fulfill up to 24% of global energy demand by 2050. Green hydrogen costs are expected to drop by 60-80% by 2030, making it more competitive with gray hydrogen. Investment trends in hydrogen projects are promising, with over $300 billion announced globally by 2024. The transition to commercial-scale hydrogen production in the upcoming decade will necessitate continuous policy support, technological innovations, and collaborative efforts across sectors. The report provides an extensive analysis of the global hydrogen market landscape, covering market dynamics, production technologies, storage, transportation, market challenges, and investment outlook up to 2035.