The hydrogen generation market is on the rise, with a projected value of $262.0 billion by 2031, growing at a CAGR of 6.8%. The majority of hydrogen is currently produced from fossil fuels, but there is a growing focus on green hydrogen production through electrolysis. While the COVID-19 pandemic initially impacted the market negatively, the easing of lockdown restrictions is leading to a steady rise in manufacturing processes and driving demand for hydrogen in industrial applications. Governments worldwide are also supporting green hydrogen initiatives to achieve decarbonization goals. Major companies like Linde Plc and Air Liquide are at the forefront of this industry evolution. Despite challenges posed by the pandemic, the hydrogen generation market is expected to grow, fueled by the transition towards cleaner energy sources and the increasing demand for hydrogen in various sectors like chemical processing and power generation.