The global hydrogen market is experiencing substantial growth, valued at US$141.59 billion in 2022 and expected to grow at a CAGR of 7% until 2030. This growth is primarily attributed to the increasing demand from the petrochemical industry and the adoption of hydrogen as a clean energy source in various sectors. Industries such as automotive, chemical, and electronics are transitioning to hydrogen due to its zero-emission nature. Government initiatives worldwide are promoting the use of clean fuels like hydrogen for transportation and power generation. Fuel cells powered by hydrogen are gaining momentum, especially in electric vehicles and electricity generation. Major automakers like Toyota and Hyundai are investing in fuel cell electric vehicles, further driving the market growth. Additionally, the development of renewable hydrogen hubs presents a lucrative opportunity to synthesize hydrogen from clean resources and cater to multiple sectors efficiently. This approach not only promotes decarbonization but also boosts regional economic growth. The market is also witnessing a trend towards renewable hydrogen as costs decrease, and policies advocate for decarbonization. This shift is supported by the increasing capacity of green production technologies and the commitments of various countries to achieve net-zero emissions by 2050. The transition to renewable sources is complemented by investments in storage and distribution networks, fostering a sustainable hydrogen market. Overall, the global hydrogen market is poised for sustainable growth driven by industry dynamics, technological advancements, and the global shift towards clean energy and decarbonization.