The hydrogen market is projected to reach USD 525.95 billion by 2030, fueled by the global push for clean energy solutions and decarbonization. Green hydrogen, produced from renewable sources, is gaining traction for its carbon-free nature. Various production methods like grey, blue, and green hydrogen offer different environmental impacts. Government policies, decarbonization needs, and technological innovations are propelling market growth. Hydrogen applications in transportation, industry, and energy storage are transforming sectors by offering sustainable alternatives. Despite challenges like high production costs and infrastructure needs, the future of the hydrogen market looks promising with the expansion of hydrogen ecosystems globally.