The global hydrogen market is experiencing significant growth, driven by increasing demand for clean energy solutions and the push for carbon neutrality. The market, valued at US$ 16.2 billion in 2022, is projected to expand at a CAGR of 10.4% from 2024 to 2033, reaching US$ 43.6 billion by 2033. The automotive industry, along with sectors like fertilizer production and food processing, is expected to boost hydrogen consumption. Steam methane reforming remains the dominant production method, supported by natural gas feedstock. Countries like Japan, Germany, and the US are actively promoting hydrogen adoption to achieve sustainability goals. Hydrogen is seen as a key player in decarbonizing various sectors, especially transportation, where fuel cells are powering vehicles. Its versatility extends to power generation and industrial applications, contributing to the global transition to renewable energy. Governments worldwide are driving hydrogen market growth through strategic policies and investments. The EU and the US have set ambitious targets for hydrogen adoption, with the EU's Hydrogen Strategy focusing on infrastructure development. The production of hydrogen through electrolysis, particularly green hydrogen, is gaining traction due to its sustainability. Advancements in electrolyzer technologies are improving efficiency and scalability, driving down production costs. Researchers are exploring alternative production methods like biomass gasification to further enhance efficiency. However, challenges remain in infrastructure and distribution, necessitating investments in hydrogen pipelines and storage. Public-private partnerships are crucial for accelerating infrastructure development, while blending hydrogen with natural gas presents a cost-effective distribution solution. Despite challenges, the hydrogen market offers substantial growth opportunities as economies scale up production and technologies evolve.