India Green Hydrogen Market Overview and Insights:

According to MarkNtel Advisors Report, the India Green Hydrogen Market is estimated to grow at a CAGR of around 20.76% during the forecast period, i.e., 2025-30.

India Green Hydrogen Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2020-23
• Base Year: 2024
• Forecast Period: 2025-2030

What are the major challenges facing the India Green Hydrogen Market?

High Cost of Green Hydrogen Production to Impede India Green Hydrogen Market Growth – The reason behind the low usage of green hydrogen is its high cost of production which includes cost across the value chain, lack infrastructure facilities for transport and storage as well as high energy losses. The production cost of green hydrogen is determined by the renewable energy cost, the efficiency as well as the cost of electrolysers and some other factors. The production cost for green hydrogen viz. electrolysis is comparatively high as compared to conventional hydrogen production systems. According to the IEA, the hydrogen production through electrolysis which costs around USD 10.3 per kg is 5 times higher than that of conventional technologies which cost around USD 1.5-2.3 per kg. Thus, the high production cost of green hydrogen would remain high without government subsidies and other supportive policies, which results in hindering the market growth during 2025-2030.

Who are the Key Players Operating in the India Green Hydrogen Industry?

The top companies of the India Green Hydrogen market ruling the industry are: 

Electrolyzer Technology Providers

• 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
• Bharat Petroleum Corporation Limited (BPCL)
• JSW Energy Neo Ltd

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What is Included in India Green Hydrogen Market Segmentation?

The report has segmented the market into the following categories:

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)

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. Additionally, the alkaline electrolysis process has been also considered a mature technology for the decomposition of water (H2O) into hydrogen (H2) and oxygen (O2) gases through an electrochemical reaction.

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)

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Frequently Asked Questions (FAQs)-

• What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• How has the India Green Hydrogen industry been evolving in terms of geography & adoption?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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