The green hydrogen market is set to make significant strides, with a projected growth reaching $30.6 billion by 2030 from $1.1 billion in 2023, displaying a remarkable 61.1% CAGR. This growth is fueled by the high demand from various sectors such as mobility, power, chemical, industrial, and grid injection, along with advancements in electrolysis technologies and the cost efficiency of producing renewable energy. Europe stands out as the largest market globally for green hydrogen, with substantial investments in renewable energy and hydrogen infrastructure. Countries like Germany, France, and the Netherlands are at the forefront with ambitious hydrogen strategies and a commitment to carbon neutrality by 2050. The European Green Deal and EU hydrogen strategy are driving the shift towards a climate-neutral economy. Alkaline electrolysis technology and wind energy play pivotal roles in the market. Alkaline electrolysis, with its cost-effectiveness, long life, and high purity green hydrogen production, is leading the way. Wind energy, notably offshore, contributes the largest share among renewable sources due to its consistent output. Major companies like Siemens Energy AG, H&R Olwerke Schindler, Cummins, Enbridge Gas, and Toshiba Energy Systems & Solutions Corporation are actively innovating and competing in the green hydrogen market to develop new technologies and increase usage across industries. Toshiba Energy Systems & Solutions Corporation and Siemens Energy AG are standout players investing in next-generation technology for efficient green hydrogen production. The global push towards renewable energy sources and sustainable practices is propelling the green hydrogen market forward. With increasing government support, industry investments, and technological advancements, the future looks promising for green hydrogen as a key player in the transition to a greener economy.