India Hydrogen Generation Market (2025-2031) Outlook | Size, Revenue, Forecast, Companies, Trends, Growth, Value, Share, Industry & Analysis

Market Forecast By Source (Blue Hydrogen, Green Hydrogen, Grey Hydrogen), By Technology (Steam Methane Reforming (SMR), Partial Oxidation (POX), Coal Gasification, Electrolysis), By Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Other Applications) And Competitive Landscape
Product Code: ETC190716 Publication Date: Aug 2023 Updated Date: Aug 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 60 No. of Figures: 40 No. of Tables: 7

India Hydrogen Generation Market Import Shipment Trend (2020-2024)

The India hydrogen generation market import shipments witnessed robust growth with a notable CAGR from 2020 to 2024. Although there was a slight moderation in the growth rate from 2023 to 2024, the market maintained strong momentum, indicating a steady expansion trend during the period.

Graph Showing India hydrogen generation market Shipment Trend & Volume from 2020-2024

India Hydrogen Generation Market Synopsis

Hydrogen is one of the most abundant elements on earth. It has a wide variety of uses, such as fuel for transportation and combustion engines and in industrial processes such as refining of oil and gas and production of ammonia. Hydrogen-based energy sources are becoming increasingly popular due to their low environmental impact, high efficiency, cost effectiveness, scalability, cleanliness, and flexibility. India is emerging as a major producer of hydrogen technologies with several government initiatives being undertaken to promote sustainable energy solutions. The country has already developed numerous projects involving hydrogen generation from renewable resources such as solar or wind power which further increases its potential in the future.

Market Drivers

The increasing demand for clean energy sources is driving up the adoption rate of hydrogen technology across India. The rising awareness about climate change among citizens has led to an increase in investments towards green technologies like hydrogen generation systems by both private companies & public sector organizations alike. Furthermore, strong government support through various incentives & subsidies have been encouraging players in this space to invest & innovate more heavily into research activities related to development & deployment strategies for efficient utilization of hydrogen-driven solutions across India markets. Additionally , falling prices for components used in generating electricity from renewables (solar ,wind etc ) are making it possible to produce economical fuels from these sources thereby reducing dependence on fossil fuels.

Challenges of the Market

Though there have been some advancements made towards commercialization and usage of H2 powered vehicles , they still face certain challenges that need solving before they can become widely adopted. These include : lack of robust infrastructure required for storage , distribution & refueling ; limited availability if reliable fueling stations; cognitive dissonance within consumers regarding safety ; inadequate technological know how amongst technicians involved in repairs/maintenance ;and high initial costs associated with setting up an entire ecosystem dedicated solely towards using H2 based products or services.

Key Players in the Market

Some key players operating within the IndiaHydrogen Generation market include Reliance Industries Limited(RIL) , Siemens Energy AG (SEN), Bharat Petroleum Corporation Limited (BPCL) , Air Liquide SA(ALQFP)& Praxair Technologies Inc.(PX). Other significant entities contributing significantly include Mahindra Group???s subsidiary AutoNebula Solutions Private Ltd., Sun Mobility Pvt Ltd., EStor Technology Solutions LLP., JSW Fuel Cell Pvt Ltd.,Tata Power Co Ltd.

Key Highlights of the Report:

  • India Hydrogen Generation Market Outlook
  • Market Size of India Hydrogen Generation Market, 2024
  • Forecast of India Hydrogen Generation Market, 2031
  • Historical Data and Forecast of India Hydrogen Generation Revenues & Volume for the Period 2021-2031
  • India Hydrogen Generation Market Trend Evolution
  • India Hydrogen Generation Market Drivers and Challenges
  • India Hydrogen Generation Price Trends
  • India Hydrogen Generation Porter's Five Forces
  • India Hydrogen Generation Industry Life Cycle
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Source for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Blue Hydrogen for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Green Hydrogen for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Grey Hydrogen for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Technology for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Steam Methane Reforming (SMR) for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Partial Oxidation (POX) for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Coal Gasification for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Electrolysis for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Petroleum Refinery for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Ammonia Production for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Methanol Production for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Transportation for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Power Generation for the Period 2021-2031
  • Historical Data and Forecast of India Hydrogen Generation Market Revenues & Volume By Other Applications for the Period 2021-2031
  • India Hydrogen Generation Import Export Trade Statistics
  • Market Opportunity Assessment By Source
  • Market Opportunity Assessment By Technology
  • Market Opportunity Assessment By Application
  • India Hydrogen Generation Top Companies Market Share
  • India Hydrogen Generation Competitive Benchmarking By Technical and Operational Parameters
  • India Hydrogen Generation Company Profiles
  • India Hydrogen Generation Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Hydrogen Generation Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Hydrogen Generation Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Hydrogen Generation Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Hydrogen Generation Market Revenues & Volume, 2021 & 2031F

3.3 India Hydrogen Generation Market - Industry Life Cycle

3.4 India Hydrogen Generation Market - Porter's Five Forces

3.5 India Hydrogen Generation Market Revenues & Volume Share, By Source, 2021 & 2031F

3.6 India Hydrogen Generation Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 India Hydrogen Generation Market Revenues & Volume Share, By Application, 2021 & 2031F

4 India Hydrogen Generation Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing government focus on promoting clean energy sources

4.2.2 Growing demand for hydrogen as a fuel in various industries

4.2.3 Advancements in hydrogen generation technologies

4.3 Market Restraints

4.3.1 High initial investment costs for setting up hydrogen generation facilities

4.3.2 Lack of infrastructure for hydrogen storage and distribution

4.3.3 Competition from other alternative clean energy sources

5 India Hydrogen Generation Market Trends

6 India Hydrogen Generation Market, By Types

6.1 India Hydrogen Generation Market, By Source

6.1.1 Overview and Analysis

6.1.2 India Hydrogen Generation Market Revenues & Volume, By Source, 2021-2031F

6.1.3 India Hydrogen Generation Market Revenues & Volume, By Blue Hydrogen, 2021-2031F

6.1.4 India Hydrogen Generation Market Revenues & Volume, By Green Hydrogen, 2021-2031F

6.1.5 India Hydrogen Generation Market Revenues & Volume, By Grey Hydrogen, 2021-2031F

6.2 India Hydrogen Generation Market, By Technology

6.2.1 Overview and Analysis

6.2.2 India Hydrogen Generation Market Revenues & Volume, By Steam Methane Reforming (SMR), 2021-2031F

6.2.3 India Hydrogen Generation Market Revenues & Volume, By Partial Oxidation (POX), 2021-2031F

6.2.4 India Hydrogen Generation Market Revenues & Volume, By Coal Gasification, 2021-2031F

6.2.5 India Hydrogen Generation Market Revenues & Volume, By Electrolysis, 2021-2031F

6.3 India Hydrogen Generation Market, By Application

6.3.1 Overview and Analysis

6.3.2 India Hydrogen Generation Market Revenues & Volume, By Petroleum Refinery, 2021-2031F

6.3.3 India Hydrogen Generation Market Revenues & Volume, By Ammonia Production, 2021-2031F

6.3.4 India Hydrogen Generation Market Revenues & Volume, By Methanol Production, 2021-2031F

6.3.5 India Hydrogen Generation Market Revenues & Volume, By Transportation, 2021-2031F

6.3.6 India Hydrogen Generation Market Revenues & Volume, By Power Generation, 2021-2031F

6.3.7 India Hydrogen Generation Market Revenues & Volume, By Other Applications, 2021-2031F

7 India Hydrogen Generation Market Import-Export Trade Statistics

7.1 India Hydrogen Generation Market Export to Major Countries

7.2 India Hydrogen Generation Market Imports from Major Countries

8 India Hydrogen Generation Market Key Performance Indicators

8.1 Number of government initiatives promoting hydrogen generation

8.2 Adoption rate of hydrogen fuel cells in key industries

8.3 Research and development investment in hydrogen generation technologies

9 India Hydrogen Generation Market - Opportunity Assessment

9.1 India Hydrogen Generation Market Opportunity Assessment, By Source, 2021 & 2031F

9.2 India Hydrogen Generation Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 India Hydrogen Generation Market Opportunity Assessment, By Application, 2021 & 2031F

10 India Hydrogen Generation Market - Competitive Landscape

10.1 India Hydrogen Generation Market Revenue Share, By Companies, 2024

10.2 India Hydrogen Generation Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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