The global hydrogen plants market is experiencing significant growth, with a value of US$ 56.5 billion in 2023 and an expected CAGR of 15.8% from 2024 to 2034. This growth is primarily attributed to advancements in green hydrogen production, carbon capture technologies, and electrolysis methods driving the transition towards low-carbon energy solutions. Major players in the industry, including Black & Veatch, Air Liquide, and Technip Energies, are focusing on innovation and partnerships to cater to the increasing demand for sustainable hydrogen solutions across industrial, transportation, and energy sectors worldwide. Low-carbon hydrogen, such as green and blue hydrogen, is gaining traction as a cleaner alternative to traditional fossil fuels. Companies are investing in carbon capture technologies to reduce emissions and support decarbonization goals. The adoption of advanced production methods like electrolysis, thermochemical processes, and direct solar water splitting is accelerating market growth. Hydrogen is being utilized in industrial applications, transportation, and residential/commercial heating sectors, with countries like Japan, Germany, and South Korea leading in hydrogen-powered vehicles and infrastructure development. Regionally, Asia Pacific is expected to lead the hydrogen plants market due to rapid industrialization and government initiatives in countries like China, Japan, and South Korea. North America, Europe, and the Middle East are also witnessing growth, driven by investments in hydrogen infrastructure and emission reduction targets. With hydrogen playing a crucial role in the global energy transition, the market is set for remarkable expansion fueled by innovative production methods and the increasing adoption of low-carbon hydrogen.