The green hydrogen market is witnessing a surge in interest and investment globally, propelled by the urgent need to combat climate change and transition towards cleaner energy sources. Market Research Future's report projects the market to reach a valuation of USD 300 Billion by 2035, with a remarkable CAGR of 49.15% over the forecast period. Green hydrogen, produced through electrolysis powered by renewable energy sources, is gaining traction as a key player in decarbonizing sectors that are challenging to electrify. The market is benefitting from advancements in electrolyzer efficiency and the decreasing costs of renewable energy, making green hydrogen production more economically viable. Key drivers of the green hydrogen market include the global push for decarbonization, affordability of renewable energy, and substantial government and private sector support. Countries like Germany, Japan, Australia, and the US are among those leading the way with dedicated hydrogen strategies and financial incentives. Private sector investments from energy giants to startups are driving innovation and expanding the commercial feasibility of green hydrogen applications. Despite its promising outlook, the market faces challenges such as high production costs, infrastructure limitations, and regulatory uncertainties. The high energy intensity of electrolysis and the need for significant infrastructure investments pose obstacles to widespread adoption. Additionally, competition from blue hydrogen and the lack of international standards may impede market growth. Europe stands out as a frontrunner in the green hydrogen market. The EU's ambitious hydrogen strategy aims to deploy substantial electrolyzer capacity by 2030, with countries like Germany, the Netherlands, and France making significant investments in infrastructure and research. The region's strong regulatory support and financial commitments provide a conducive environment for the market's growth and development.