The global hydrogen generation market is expected to see significant growth with an estimated increase of USD 49.7 billion between 2024 and 2028, driven by factors such as the growing demand for fertilizers and a reduction in fuel cell prices. Key market players including Air Liquide and Linde are actively involved in green hydrogen production through methods like coal gasification and electrolysis, while also embracing renewable sources like wind and solar power to make hydrogen production more cost-effective. Technological advancements like the use of infrared radiation technology in hydrogen production, combined with government policies favoring green hydrogen initiatives, are contributing to market growth. Companies are focusing on pilot projects such as SoHyCal in California and Hygenco Green hydrogen stations to showcase the potential of hydrogen in various applications. Despite facing challenges like high greenhouse gas emissions from traditional production methods, the market is transitioning towards net-zero emissions by replacing fossil fuels with renewable hydrogen. This transition is evident in sectors such as refineries, oil refining, and fuel cells. The report emphasizes the importance of accurate market research for businesses to stay informed about the dynamic market, which heavily depends on technological advancements, renewable energy sources, and supportive government policies.