The Green Hydrogen market is on a rapid growth trajectory, with a projected revenue surge from USD 1.5 Billion in 2024 to USD 169.9 Billion by 2034, recording a remarkable CAGR of 59.8%. This growth is primarily attributed to factors such as the global demand for clean energy, advancements in electrolysis technology, and supportive government policies and incentives. While obstacles like high initial capital costs, limited infrastructure, and technical challenges hinder market expansion, opportunities in industrial and transportation sectors, research collaborations, and renewable energy investments pave the way for future growth. The market dynamics are largely influenced by government initiatives globally, setting the stage for policies that promote the hydrogen economy and address environmental concerns linked to carbon emissions. Despite these positive drivers, challenges persist, notably the high production costs due to immature electrolyzer technology and the need for substantial infrastructure investments. Europe is poised to lead the Green Hydrogen market, with Germany and the UK spearheading clean hydrogen development through significant investments and projects. The article also highlights recent developments in the industry, such as funding awarded to Electric Hydrogen Co. for decarbonizing global industry and the partnership between Air Liquide and Siemens Energy for sustainable hydrogen production in Europe. The segmentation of the Green Hydrogen market by application and technology further underlines the diverse areas where hydrogen plays a crucial role, from oil and gas to power generation.