MarkNtel Advisors recently published a detailed industry analysis of the India Green Hydrogen Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
India Green Hydrogen Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The India Green Hydrogen Market is estimated to grow at a CAGR of around 20.76% during the forecast period, i.e., 2025-30.
What are the major Driver the India Green Hydrogen industry?
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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What segments define the India Green Hydrogen market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
· By Technology
o Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
o Alkaline Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
o Solid Oxide Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
o Others– Market Size & Forecast 2025-2030F (Thousand Tons)
According to report, Out of them all, Alkaline Electrolyzer segment is expected to hold notable share in the India Green Hydrogen market in the forecast period, owing to its various benefits over the other water electrolysis technologies such as better rate of hydrogen production, compact design, and higher energy efficiency.
· By Energy Source
o Solar– Market Size & Forecast 2025-2030F (Thousand Tons)
o Wind– Market Size & Forecast 2025-2030F (Thousand Tons)
o Other Renewable Sources– Market Size & Forecast 2025-2030F (Thousand Tons)
According to report, Based on Energy Source, solar are predicted to go hand in hand for the production of green hydrogen during the forecast years.
· By End Users
o Power Generation & Energy Storage– Market Size & Forecast 2025-2030F (Thousand Tons)
o Automotive & Transportation– Market Size & Forecast 2025-2030F (Thousand Tons)
o Refineries & Petrochemicals– Market Size & Forecast 2025-2030F (Thousand Tons)
o Others (Food & Beverage, Steel, Cement Industries, etc.) – Market Size & Forecast 2025-2030F (Thousand Tons)
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India Green Hydrogen Market Share & Competitive Landscape:
The India Green Hydrogen Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the India Green Hydrogen Market are:
· Cummins India
· HydrogenPro AS
· MHI
· Stiesdal A/S
· Siemens
· Thyssenkrupp
· Other Potential Players
· Renewable Power Generation Solution Providers
· Acme Group
· Azure Power
· Green Hydrogen Manufacturing Company
· Adani Group
· Reliance Industries Ltd.
· NTPC Limited
· GAIL Limited
· L&T
· Air Products
India Green Hydrogen Industry Recent Development:
- 2023: Adani New Industries invested USD 50 billion in Green Hydrogen in collaboration with TotalEnergies to create the world’s largest green hydrogen ecosystem.
- 2022: Reliance Industries invested USD 10 billion to generate 100 GW of solar electricity from renewable sources to produce green hydrogen by 2025.
Questions Addressed in this Study
1.What factors are driving the India Green Hydrogen Market growth?
2.How is the India Green Hydrogen Market expected to grow over the next five years?
3.What are the key insights into the current trends in the India Green Hydrogen Market?
4.What is the current size of the India Green Hydrogen Market, and how is it projected to change in the future?
6.What is the future outlook for the India Green Hydrogen Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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