Introspective Market Research has released a new report highlighting the remarkable growth trajectory of the global Green Hydrogen market, set to reach USD 78.13 billion by 2032 from USD 3.8 billion in 2023. The market's expansion is fueled by the imperative global decarbonization goals, which are steering nations towards sustainable energy alternatives. Technological advancements in PEM, Solid Oxide, and Alkaline Electrolyzers have enhanced green hydrogen production efficiency and reduced costs. Alkaline electrolyzers, known for their longevity and affordability, play a critical role in large-scale hydrogen generation, ensuring cost-effective operations. The Inflation Reduction Act (IRA) in the US has introduced the 45V tax credit, incentivizing green hydrogen initiatives by rewarding low-carbon production methods and promoting the use of renewable energy sources like solar and wind. This tax credit aims to bolster the economic viability of green hydrogen, contrasting with traditional production methods reliant on fossil fuels. The green hydrogen market's promising growth outlook and the supportive regulatory environment signal expanding opportunities for the industry's advancement.