India Hydrogen Market Analysis: CAGR of 6.3%, Expected to Reach US$ 92.11 Mn by 2027

India's Hydrogen Market Expected to Reach US$92.11 Million by 2027, Driven by Growing Demand and Government Initiatives

Market Overview:

The Indian hydrogen market is poised for significant growth, reaching an estimated value of US$92.11 million by 2027. This growth is attributed to several factors, including:

• Rising environmental concerns: The need for sustainable energy sources is driving the adoption of hydrogen as a clean alternative to fossil fuels.

• Government initiatives: The Indian government is actively supporting the development of the hydrogen sector through initiatives like the National Hydrogen Mission.

• Increasing demand: Hydrogen is used in various sectors, including refineries, ammonia production, transportation, and power generation. This demand is expected to rise in the coming years.

For a preview of the dynamic India Hydrogen Market, please follow this link: https://www.maximizemarketresearch.com/request-sample/21091 

Report Scope:

This report provides a comprehensive analysis of the Indian hydrogen market, covering:

• Market size and forecast: Historical data (2016-2020), base year analysis (2020), and forecast for the period 2021-2027.

• Market segmentation: Detailed analysis by type (merchant and captive), technology (steam methane reforming and coal gasification), and application (petroleum & refinery, ammonia & methanol production, transportation, power generation, and others).

• Regional insights: Analysis of the market potential in North, South, East, and West India.

• Competitive landscape: Profiles of key players in the market.

Research Methodology:

The report utilizes a robust research methodology, combining:

• Extensive primary research: Interviews with industry experts and market participants.

• Secondary data analysis: Utilizing reliable research reports, government data, and industry publications.

• Data triangulation: Verification and validation of data through multiple sources.

Segmentation:

• Type: Merchant and captive

• Technology: Steam methane reforming and coal gasification

• Application:

  • Petroleum & refinery

  • Ammonia & methanol production

  • Transportation

  • Power generation

  • Others

Regional Insights:

West India is expected to hold the highest market share due to the presence of major refineries and industries in the region.

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
Frequently Asked Questions:

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