The global green hydrogen market is poised for substantial growth with a projected CAGR of 20.9% from 2024 to 2031. Green hydrogen, produced through water electrolysis using renewable energy sources, is highly reactive and emission-free, making it crucial for decarbonizing industries like transportation and energy. Key market players such as Siemens Energy, Toshiba, and Air Liquide are investing in renewable energy to produce green hydrogen. Industry developments include Norwegian Hydrogen's acquisition of Aker Horizons' project and Cordiant Capital's acquisition of HydrogenOne Capital, signaling a shift towards clean energy investments. The market dynamics reveal rapid growth due to global decarbonization efforts, advancements in electrolyzer technology, and supportive government policies. As investments in infrastructure and international collaborations rise, the green hydrogen market is set to play a significant role in the sustainable energy transition.