The global hydrogen hubs market is poised for substantial growth, expecting a CAGR of 15.2% between 2024 and 2031, primarily due to the increasing adoption of hydrogen hubs in refining and industrial sectors worldwide. The surge in demand for green hydrogen in industrial applications has been a major driving force behind this market expansion, supported by data from the International Energy Agency indicating a 3.0% growth in global hydrogen demand in 2022 compared to the previous year. The market is witnessing significant investments from key players to enhance hydrogen hub solutions. For example, Air Products and Chemicals, Inc. recently committed around $500 million to develop a 35 MT/day liquid hydrogen facility in New York, focusing on producing green liquid hydrogen. Moreover, the hydrogen fuel cell sub-segment is expected to hold a substantial share in the global market, particularly in the realm of commercial vehicles. The adoption of hydrogen fuel cells in commercial vehicles is on the rise, driven by factors such as the benefits of fuel cell buses in terms of range, refueling time, and operational practices similar to diesel vehicles. Ballard Power Systems, a prominent player, has placed an order for 62 hydrogen fuel cell engines to power Solaris buses in Europe, with deliveries expected mainly in 2024. Overall, the positive trajectory of the global hydrogen hubs market is underpinned by the increasing focus on green energy solutions, technological advancements in fuel cells, and strategic investments by industry leaders aiming to capitalize on the growing demand for hydrogen in various sectors.