The global hydrogen market is experiencing substantial growth driven by the need to reduce carbon footprints and transition towards cleaner energy sources. The market is shifting towards 'green hydrogen' produced from renewable sources, offering a sustainable solution for energy storage and release without CO2 emissions. Key factors fueling this growth include increasing demand for hydrogen-based fuels, industrial decarbonization efforts, and advancements in sectors like steel and power generation. The market value reached US$216.19 billion in 2023 and is projected to grow at a CAGR of 7.63% through 2029. Industries are increasingly adopting hydrogen as a cleaner energy carrier, with the mobility sector showing rapid growth due to investments in fuel cells and fuel cell vehicles. The market is segmented by technology, sector, source, and region, highlighting the dominance of electrolysis and the potential for green and low carbon hydrogen production. Regions like Europe, North America, and Asia Pacific are at the forefront of hydrogen market developments, with a focus on sustainability and decarbonization initiatives.