The demand for green hydrogen, produced from renewable energy sources like wind and solar, is rapidly growing as a clean solution to reduce carbon emissions globally. The market for green hydrogen is expected to soar from $5.2 billion in 2024 to $38.1 billion by the end of 2029, with a noteworthy compound annual growth rate (CAGR) of 48.7%. The report by BCC Research delves into the global market for green hydrogen, emphasizing technologies, power sources, industries, and regions, focusing specifically on hydrogen production from renewable sources through water electrolysis. Notably, the European market boasts strong OEMs, while China stands out for its cost-reducing electrolyzer technology. Offshore wind energy is highlighted as a significant contributor to green hydrogen production. However, challenges such as cost and infrastructure remain key barriers to market growth. Various factors are fueling the market's expansion, including the potential of fuel cells, blending green hydrogen with natural gas, and utilizing offshore renewable energy sources. The chemicals and petrochemicals industry is anticipated to lead the green hydrogen market by 2029, with Europe spearheading market dominance, closely followed by the Asia-Pacific region.