India's Hydrogen Market Expected to Reach US$ 92.11 Million by 2027, Driven by Growing Demand and Government Initiatives
Market Overview:
The India hydrogen market is expected to reach US$ 92.11 million by 2027, growing at a CAGR of 6.3%. This growth is attributed to:
- Increasing demand for clean energy sources like hydrogen to address environmental concerns.
- Stringent regulations to lower carbon emissions from the automobile industry, promoting electric vehicles (EVs) and hydrogen fuel cell electric vehicles (FCEVs).
- Government initiatives like the National Hydrogen Mission to establish India as a global green hydrogen production and export hub.
For a preview of the dynamic India Hydrogen Market, please follow this link: https://www.maximizemarketresearch.com/request-sample/21091
Report Scope:
This comprehensive report provides insights into the Indian hydrogen market, covering:
- Market size (US$ 60.06 million in 2020) and forecast to 2027
- Market dynamics (drivers, restraints, opportunities)
- Segmentation (type, technology, application, region)
- Key players and competitive landscape
Research Methodology:
The report utilizes a combination of primary and secondary research methodologies, including:
- Primary research: Interviews with industry experts and participants.
- Secondary research: Analysis of existing data from credible sources.
Segmentation:
- Type: Merchant (dominant segment) and Captive
- Technology: Steam Methane Reforming (SMR) and Coal Gasification
- Application:
- Petroleum and Refinery
- Ammonia and Methanol Production (largest segment)
- Transportation (expected to grow at a CAGR of 7.2%)
- Power Generation
- Others
- Region:
- North India
- South India
- East India
- West India (expected to hold the highest market share)
Regional Insights:
The Indian government's focus on green hydrogen production is expected to boost the market across the country. Additionally, the west region is expected to hold the highest market share due to the presence of major industries and government support for hydrogen infrastructure development.
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
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