The green hydrogen market is experiencing unprecedented growth, with projections indicating a surge from $6 billion in 2023 to $84 billion in 2029, driven by a remarkable CAGR of 53.53%. This growth trajectory is attributed to increasing investments in green hydrogen projects, technological advancements, and a rise in R&D activities in the sector. Green hydrogen is becoming increasingly recognized as a sustainable energy source, especially due to its unique characteristic of being generated at any scale and in diverse locations globally, making it an attractive option for sustainable hydrogen solutions. The market is witnessing a substantial focus on decarbonization and transitioning to a low-carbon economy, with governments, industries, and investors acknowledging green hydrogen as a key player in achieving carbon neutrality goals. Several countries are announcing ambitious plans and investments to scale up green hydrogen production, infrastructure, and utilization. Notable partnerships and developments in the sector include Iberdrola's commitment to innovation and ITM Power's collaboration to enhance PEM electrolysis technology. The global market for green hydrogen is receiving significant attention and investments, signifying a promising future for the industry as it contributes to the global energy transition towards cleaner and more sustainable solutions.