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Hydrogen Market size was USD 242.7 billion in 2023 and is projected to reach USD 410.6 billion by 2030 at a CAGR of 7.8% between 2023 to 2030, as per the recent study by MarketsandMarkets™. With the rapid adoption of renewable energy producing methods around the world, the need for storing renewable energy in the form of hydrogen has skyrocketed. As a result, several green hydrogen initiatives have been launched. The development of hydrogen infrastructure across various countries such as China, India, US, Germany etc. is fueling to the growth of Hydrogen Market.