The global hydrogen market is undergoing a transformative shift towards sustainability, with a focus on 'green hydrogen' derived from renewable energy sources. A recent report highlights the increasing demand for hydrogen-based fuels, industrial decarbonization efforts, and advancements in steel and power generation industries as key drivers propelling market growth. The market value reached US$216.19 billion in 2023, with a projected CAGR of 7.63% from 2024 to 2029. Hydrogen is being embraced as a sustainable solution to reduce carbon emissions, especially in power and transportation sectors. The market demand is expected to rise significantly, reaching 138.81 million metric tons by 2030, supported by commitments for net-zero emissions and the expanding applications of hydrogen in sectors like steel production. Investments in cleaner production methods like electrolysis and the flexibility of hydrogen in energy storage for grid stability are key factors contributing to the rising popularity of hydrogen as an energy source. The report emphasizes the positive outlook for the global hydrogen market, driven by the transition towards cleaner energy sources and the potential of hydrogen to play a crucial role in achieving sustainability goals.