India Hydrogen Market Growth Projection: US$ 92.11 Mn by 2027, 6.3% CAGR Predicted


Posted February 27, 2024 by krajput

India Hydrogen Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Technology, Application, and Region.
 
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:

Leverage our customized research report summaries to gain a strategic edge in the ever-evolving India Hydrogen Market: https://www.maximizemarketresearch.com/market-report/india-hydrogen-market/21091/

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Last Updated February 27, 2024