The global green hydrogen market is undergoing rapid growth, with a CAGR of 53.53% from 2022 to 2029, as per Arizton's research report. Key players like Nel, ITM Power, ENGIE, Siemens Energy, and Air Products and Chemicals are at the forefront of this market, driving innovations in technology and sustainability. Green hydrogen, produced through electrolysis and fuel cells using renewable energy sources, is gaining prominence as a sustainable energy solution due to its scalability and diverse applications. Despite the skepticism from some experts, green hydrogen offers a promising path towards decarbonization goals. While gray or blue hydrogen, derived from natural gas, remains cost-effective, the focus is shifting towards green hydrogen for its environmental benefits. The current challenge lies in the need for increased demand and market growth to support green hydrogen production. The market for green hydrogen holds immense potential for nations aiming to transition to a low-carbon economy. With a global focus on decarbonization, governments and industries are investing in green hydrogen projects to meet carbon neutrality targets. Notable developments include Iberdrola's commitment to innovation and ITM Power's collaboration with FRIEM to enhance electrolysis technology. Financial support, such as the World Bank's $150 million loan to Chile for green hydrogen projects, signifies the increasing importance of cleaner energy solutions. The demand for green hydrogen is rising in sectors like heavy industries and transportation, driving investments in renewable energy and electrolyzer plants. The MENA region alone has nearly 50 green hydrogen projects in the pipeline, highlighting the growing global interest in sustainable growth and clean energy solutions.