The global Green Hydrogen Market was estimated to be worth $5.99 billion in 2023 and is forecasted to grow at a CAGR of 38.96% to reach $81.65 billion by 2031, driven by factors such as the surging global demand for clean energy, advancements in electrolysis technology, and supportive government policies. Challenges facing the market include high initial capital costs, limited infrastructure, and technical challenges in scaling up production. However, future opportunities for market expansion include applications in industrial and transportation sectors, international collaboration, and increased investment in renewable energy projects. Recent developments highlight partnerships and investments in green hydrogen production, such as Electric Hydrogen Co. receiving $198 million in funding. Europe is expected to lead in market growth, with a strong focus on hydrogen initiatives in countries like the United Kingdom and Germany. The European Green Hydrogen Market is set to experience significant growth, with hydrogen being used as the primary energy source and investments driving the transition to a clean hydrogen-based economy. Segmentation of the market includes applications in oil and gas, industrial feedstock, mobility, power generation, and various technologies like Proton Exchange Membrane Electrolyzer and Alkaline Electrolyzer.