India Hydrogen Market: US$ 92.11 Mn Value in 2027, CAGR of 6.3% Indicates Steady Growth
India’s Hydrogen Market Expected to Reach US$92.11 Million by 2027, Driven by Growing Demand and Government Initiatives
Market Overview:
The Indian hydrogen market is poised for significant growth, reaching an estimated value of US$92.11 million by 2027. This growth is attributed to several factors, including:
- Rising environmental concerns: The need for sustainable energy sources is driving the adoption of hydrogen as a clean alternative to fossil fuels.
- Government initiatives: The Indian government is actively supporting the development of the hydrogen sector through initiatives like the National Hydrogen Mission.
- Increasing demand: Hydrogen is used in various sectors, including refineries, ammonia production, transportation, and power generation. This demand is expected to rise in the coming years.
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Report Scope:
This report provides a comprehensive analysis of the Indian hydrogen market, covering:
- Market size and forecast: Historical data (2016-2020), base year analysis (2020), and forecast for the period 2021-2027.
- Market segmentation: Detailed analysis by type (merchant and captive), technology (steam methane reforming and coal gasification), and application (petroleum & refinery, ammonia & methanol production, transportation, power generation, and others).
- Regional insights: Analysis of the market potential in North, South, East, and West India.
- Competitive landscape: Profiles of key players in the market.
Research Methodology:
The report utilizes a robust research methodology, combining:
- Extensive primary research: Interviews with industry experts and market participants.
- Secondary data analysis: Utilizing reliable research reports, government data, and industry publications.
- Data triangulation: Verification and validation of data through multiple sources.
Segmentation:
- Type: Merchant and captive
- Technology: Steam methane reforming and coal gasification
- Application:
- Petroleum & refinery
- Ammonia & methanol production
- Transportation
- Power generation
- Others
Regional Insights:
West India is expected to hold the highest market share due to the presence of major refineries and industries in the region.
India Hydrogen Market Key Players:
• Reliance Industries Limited
• Indian Oil Corporation Ltd.
• GAIL (India) Limited
• Ballard Power System
• Air Liquide
• Air Products
• Thyssenkrupp
• KBR/Johnson Matthey
• Cummins
• Fuel Cell Energy
• Plug Power
• Bloom Energy
• Linde
• INOX Air
• DCW Limited
• TATA Chemicals
• Bhoruka Gas
• Air Water
• Grasim Industries
• Adani Enterprises
Frequently Asked Questions:
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