The global Hydrogen Trucks Market, currently valued at $4.98 billion, is projected to experience significant growth, reaching $62.45 billion by 2031 with a remarkable CAGR of 43.5% from 2024. The market expansion is fueled by increasing investments by leading automakers in fuel cell technologies and hydrogen refueling stations, aiming to reduce carbon emissions and promote sustainable transportation solutions. Environmental concerns over the carbon footprint from diesel trucks are accelerating the demand for cleaner fuel options like hydrogen trucks, further supported by strict emission regulations on commercial vehicles. The shift towards hydrogen trucks is evident in the heavy-duty truck segment, where major manufacturers such as Toyota, Kenworth, and Hyundai are introducing hydrogen-powered Class 8 trucks for logistics applications. The development of hydrogen refueling stations by companies like Shell and Air Liquide along freight corridors is encouraging the adoption of hydrogen trucks, while the trend of green hydrogen production using renewable energy sources aims to decarbonize the transportation industry. Hydrogen also presents viable solutions for power generation in the off-grid sector, with utility companies and independent power producers investing in hydrogen-powered generators for reliable and emissions-free energy production. The zero-emission properties and high energy density of hydrogen make it suitable for applications requiring high power output, such as long-haul trucks and buses. Key market takeaways include the dominance of reciprocating engines in the hydrogen trucks market, the significant growth of less than 500 KW power output segment, and the increasing application of hydrogen-powered generators for off-grid power supply. North America is poised to lead the market growth due to supportive government policies and investments in hydrogen infrastructure. Key players in the market include AGCO Corporation, Ballard Power Systems Inc., Ford Motor Company, and Honda Motor Co., driving innovation and sustainability in the sector.