The India Green Hydrogen Market size is estimated to grow at a CAGR of around 20.76% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
India Green Hydrogen Market Driver:
Increasing Government Support for the Production of Green Hydrogen– Green Hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs across the country. In relation to this, Indian government are developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilisers, and gas networks across the country.
India’s commitment to raising global supply chains and advancing relevant technologies has gathered significant interest from scientists, investors, and government bodies, particularly in the widespread adoption of green hydrogen. For instance, in 2021, India announced the National Hydrogen Mission with the objective to make India a global green hydrogen production and export hub. In lieu of this, the ministry of New and Renewable Energy is working on the mission to develop ethical competencies and to make optimum use of green hydrogen in potential areas by lowering its costs. Thus, the consistent government policies and support towards the production of green hydrogen, the market growth is anticipated to increase in the forthcoming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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India Green Hydrogen Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Technology
- Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
- Alkaline Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
- Solid Oxide Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
- Others– Market Size & Forecast 2025-2030F (Thousand Tons)
- By Energy Source
- Solar– Market Size & Forecast 2025-2030F (Thousand Tons)
- Wind– Market Size & Forecast 2025-2030F (Thousand Tons)
- Other Renewable Sources– Market Size & Forecast 2025-2030F (Thousand Tons)
- By End Users
- Power Generation & Energy Storage– Market Size & Forecast 2025-2030F (Thousand Tons)
- Automotive & Transportation– Market Size & Forecast 2025-2030F (Thousand Tons)
- Refineries & Petrochemicals– Market Size & Forecast 2025-2030F (Thousand Tons)
- Others (Food & Beverage, Steel, Cement Industries, etc.) – Market Size & Forecast 2025-2030F (Thousand Tons)
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Cummins India, HydrogenPro AS, MHI, Stiesdal A/S, Siemens, Thyssenkrupp, Acme Group, Azure Power, Adani Group, Reliance Industries Ltd., NTPC Limited, GAIL Limited, L&T, Air Products, Bharat Petroleum Corporation Limited (BPCL), JSW Energy Neo Ltd, Others looking forward to strengthening their market positions.
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