The global market for green hydrogen, produced from renewable energy sources, is witnessing significant growth driven by innovation, government support, and increasing demand as a clean solution to reduce carbon emissions. According to the latest study from BCC Research, the market is expected to surge from $5.2 billion in 2024 to $38.1 billion by the end of 2029, with a remarkable compound annual growth rate of 48.7%. The report analyzes various aspects of the green hydrogen market, focusing on technology, power sources, industries, and regions, emphasizing hydrogen production through water electrolysis from wind and solar energy. Key market drivers include unlocking the potential of fuel cells that can power vehicles, industries, and homes while reducing emissions, blending green hydrogen with natural gas to cut carbon emissions, and utilizing offshore renewable energy sources like wind and solar for green hydrogen production. Despite challenges like cost and infrastructure, the market's growth is bolstered by favorable government policies and increasing demand for low-emission fuels. Europe leads the market with major advancements in hydrogen capacity expansion, while China stands out for its advancements in cost-effective electrolyzer technology. The chemicals and petrochemicals industry segment is projected to dominate the market in 2029, with Europe holding a 57% market share, followed by the APAC region. The growth of green hydrogen offers a sustainable alternative to fossil fuels and supports the transition towards cleaner energy solutions worldwide.