The global green hydrogen market is anticipated to experience remarkable growth in the coming years, primarily due to the collective push towards decarbonization and the advancement of electrolyzer technology. Projections indicate that the market will witness a substantial increase from US$ 6.2 billion in 2023 to a significant US$ 94 billion by 2033, reflecting an impressive compound annual growth rate (CAGR) of 31.3%. This growth is underpinned by the recognition of green hydrogen as a vital component in achieving future energy sustainability. The market is poised to be dominated by alkaline electrolyzers, known for their cost efficiency and broad application spectrum, particularly in sectors like transportation, industry, and power generation. Notably, the United States is emerging as a key player in the green hydrogen arena, with an estimated CAGR of 29.9% up to 2033, supported by governmental incentives and infrastructural advancements. Key highlights from the report include the expectation of the global market to skyrocket to US$ 94 billion by 2033, the growing demand for green hydrogen at a CAGR of 31.3% between 2023 and 2033, and the continued dominance of alkaline electrolyzers as the most utilized technology. The report also emphasizes the expanding role of green hydrogen in various applications such as transportation, power generation, green ammonia production, industrial feedstock, and energy storage. Regions like North America, Europe, and East Asia are at the forefront of green hydrogen adoption, driven by ambitious decarbonization objectives and existing renewable energy infrastructure. While the market faces obstacles such as high production costs and infrastructural limitations, numerous opportunities exist in integrating green hydrogen with renewable energy sources and decarbonizing challenging sectors like steel, aviation, and maritime shipping. Notable players in the market include Siemens Energy, Nel ASA, ITM Power, and Air Liquide, among others, who are actively engaged in advancing green hydrogen technologies and applications.