Indian Hydrogen Market is anticipated to reach USD 404.37 million in 2030 from USD 159.35 million in 2019 growing at a CAGR of 7.65% during the forecast period, i.e., 2019-2030. Private businesses and government departments (such as the department of defense) are beginning to use fuel cells for supplying their materials processing equipment, including storage facilities/retail outlets.
India Hydrogen Market: Segments

Cost-effective Steam-methane reforming technology
Indian hydrogen market on the basis of technology is segmented into steam methane reforming, partial oxidation of oil, coal gasification, methanol reforming, ammonia cracking and electrolysis of water. Among these, steam-methane held a dominant share of XX% in 2019, in terms of revenue owing to cost-effectiveness and high conversion capability corresponding to this method. However, coal-gasification captured second-largest market share in 2019 and is anticipated to grow at highest CAGR.
India Hydrogen Market: Market Dynamics
Driver:
Reduced carbon emissions in energy production
Reducing the average total energy carbon intensity over time is one of the major obstacles today and has given rise to questions regarding renewable energy solutions such as hydrogen and related goods. Clean energy hydrogen is combustible which will minimize long-term reliance on petroleum and thus reduce greenhouse gas emissions and other contaminants.
Restraint:
High Cost of hydrogen
In its free state hydrogen is not available, though it is the most abundant element. Therefore, specific methods must be used to separate it from organic compounds. At present, hydrogen is costlier than fossil fuels. The hydrogen costs range from 4 to 12/kg, compared with 1.60 to 4.80/gallon petrol.
India Hydrogen Market: Regional Analysis

Indian hydrogen market is segmented on the basis of regional analysis into four major regions. These include North India, South India, Western India and Eastern India. Geographically, Western India held major share of market in 2019. The existence of refineries, chemical and petrochemical industries such as Reliance Industries, Essar Oil, Indian Oil Company, Grasim Industries, Tata Chemicals, and others in the area holds the largest share of the hydrogen industry. A significant portion of the necessary hydrogen is produced from natural gas steam reforming, although a limited extent is applied to partial oxidation of residues. During the forecast period, Western India’s hydrogen market should be rapidly increasing as hydrogen demand in hydrogen fuel cells is expected to rise in the forecast period.
Key Players
· Praxair India Private Limited
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
· INOX Air Products Pvt. Ltd.
· Aditya Birla Chemicals Limited
· Linde India Limited
· Bhuruka Gases Limited
· Air Liquide India
· DCW Limited
· TATA Chemicals Limited
· Gujarat Alkalies and Chemicals Limited
· GHCL Ltd.
Indian Hydrogen Market Report also contains an analysis on:
· India Hydrogen Market by segment:
• By Delivery Mode
Captive
Merchant
• By Technology
Steam Methane Reforming
Partial Oxidation of Oil
Coal Gasification
Methanol Reforming
Ammonia Cracking
Electrolysis of Water
• By End User
Chemical
Petroleum Refining
Metal Processing
Glass Industry
Edible Fats and Oils
Energy
Others
• By Region
North India
South India
Western India
East India
· India Hydrogen Market Size
· India Hydrogen Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints

The post India Hydrogen Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.