Product Code: ETC190716 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India Hydrogen Generation Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 13.36% in 2025, the market peaks at 14.95% in 2028, and settles at 14.69% by 2029.
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.
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.
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.
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.
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 By Source, 2021 & 2031F |
3.6 India Hydrogen Generation Market Revenues & Volume Share, By By Technology, 2021 & 2031F |
3.7 India Hydrogen Generation Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 India Hydrogen Generation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Hydrogen Generation Market Trends |
6 India Hydrogen Generation Market, By Types |
6.1 India Hydrogen Generation Market, By By Source |
6.1.1 Overview and Analysis |
6.1.2 India Hydrogen Generation Market Revenues & Volume, By 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 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 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 |
9 India Hydrogen Generation Market - Opportunity Assessment |
9.1 India Hydrogen Generation Market Opportunity Assessment, By By Source, 2021 & 2031F |
9.2 India Hydrogen Generation Market Opportunity Assessment, By By Technology, 2021 & 2031F |
9.3 India Hydrogen Generation Market Opportunity Assessment, By 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 |