The global green hydrogen market witnessed a significant growth, reaching US$ 1,129.3 million in 2023, with projections to hit US$ 44,463.0 million by 2032 (CAGR: 49.36%). Government policies globally favor green hydrogen growth, providing subsidies and regulatory support. Technological advancements in electrolysis and renewable energy are driving down production costs, enhancing competitiveness. The increasing adoption of green hydrogen in transport, manufacturing, and energy sectors is boosting demand, offering benefits like energy security and decarbonization. Europe stands out in the market due to its shift towards renewable energy and industrial applications. Investments in green hydrogen production using locally sourced renewables are seen as strategic moves to increase energy security and support local economies.