The global hydrogen market is undergoing significant growth, valued at US$ 141.59 Bn in 2022, with an estimated CAGR of 7% from 2023 to 2030. The market dynamics indicate a rising demand for hydrogen in the transportation sector, with countries like Japan, South Korea, Germany, and California leading in hydrogen fuel cell vehicle adoption and infrastructure development. Hydrogen is viewed as a clean fuel that can help reduce emissions, aligning with environmental goals set by governments and corporations. The increasing concerns about the environmental impacts of fossil fuels are driving the shift towards cleaner energy sources, with hydrogen emerging as a promising zero-emission fuel in various applications. Government support through subsidies and incentives is further propelling the development and deployment of hydrogen technologies to combat climate change. Notably, the potential of CO2 utilization from hydrogen production processes is highlighted as a lucrative market opportunity, offering ways to offset carbon mitigation costs and generate additional revenues. Transitioning to a green hydrogen economy is a key trend, focusing on producing green hydrogen through water electrolysis using renewable power sources. This shift aims to decarbonize industrial applications and reshape global energy systems sustainably. Companies are exploring innovative pathways to synthesize valuable products from captured CO2, indicating the potential for a multi-billion dollar market. The market segmentation and regional analysis provided in the report offer insights into the diverse applications and geographical trends driving the global hydrogen market's growth.