Green hydrogen production is experiencing a rapid acceleration, fueled by the increasing demand from hard-to-abate heavy industries. Though currently only constituting 0.2% of total hydrogen production, projections suggest that green hydrogen will claim a substantial share of 27% by 2030 and a significant 55% by 2035. ABI Research foresees a remarkable growth trajectory, with the market value of green hydrogen expected to soar from US$10 billion to US$180 billion by 2035, overshadowing grey hydrogen as the dominant market force. Investments in green hydrogen are surging globally, particularly led by the Asia-Pacific region, to construct extensive electrolysis capacity. Industries like petrochemical refineries and ammonia producers are embracing low-emission hydrogen to achieve decarbonization, cost reduction, and capitalize on green premiums. Simultaneously, regions like Europe, China, and India are enacting net-zero regulations that mandate a substantial adoption of low-emission hydrogen by 2030, driving market growth. China, a significant player in global hydrogen production, is expected to maintain its lead with a 38% compound annual growth rate in green hydrogen output until 2035. This commitment to clean hydrogen solidifies its position as a vital component for heavy industry decarbonization. The escalating interest in green hydrogen signifies a transformative phase for the industry, paving the way for a future where it outperforms grey hydrogen. Key players in the green hydrogen and electrolyser market to monitor include Adani Energy, Linde, ITM Power, Sinopec, and Plug Power. ABI Research's Hydrogen Market Data report provides in-depth insights into the market landscape, identifying growth opportunities and market trends reshaping the energy sector.