Biomass pyrolysis has recently gained increasing attention as a thermochemical conversion process for obtaining value-added products, thanks to the development of cutting-edge, innovative and cost-effective pyrolysis processes. Over time, new and novel pyrolysis techniques have emerged, and these processes can be tuned to maximize the production of high-quality hydrogen. This review examines recent advancements in biomass pyrolysis by classifying them into conventional, advanced and emerging approaches. A comprehensive overview on the recent advancements in biomass pyrolysis, highlighting the current status for industrial applications is presented. Further, the impact of each technique under different approaches on conversion of biomass for hydrogen production is evaluated. Techniques, such as inline catalytic pyrolysis, microwave pyrolysis, etc., can be employed for the sustainable production of hydrogen. Finally, the techno-economic analysis is presented to understand the viability of pyrolysis at large scale. The outlook highlights discernments into future directions, aimed to overcome the current shortcomings.