Certified Global Research Member

Key Questions Answered

Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the key challenges in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major playersâ€™ financial performance.
Evaluate strategies adopted by major players.
Recommendations

Why Choose Market Research Future?

Vigorous research methodologies for specific market.
Knowledge partners across the globe
Large network of partner consultants.
Ever-increasing/ Escalating data base with quarterly monitoring of various markets
Trusted by fortune 500 companies/startups/ universities/organizations
Large database of 5000+ markets reports.
Effective and prompt pre- and post-sales support.

India Green Hydrogen Market Share

ID: MRFR//14553-HCR | 128 Pages | Author: Garvit Vyas| November 2024

Strategic positioning is an integral part of the developing India Green Hydrogen Market that has helped companies become established and growing presence, adapt to emerging trends in energy space for sustainability success over competitors. The strategic base includes technological innovation, and thus companies invest in innovative electrolysis technologies suitable for renewable energy integration.
Technologies, such as high-efficiency electrolyzers, and exploitation of solar energy or wind power the methods for hydrogen production and sustainable feedstock utilization contribute significantly to establishing companies’ position by capturing a large market share on provision green clean H2. Vertical integration, strategic collaborations and partnerships play a crucial role in determining market share positioning within the India Green Hydrogen Market.
By collaborating with the government institutions, energy Companies or research establishments helps companies integrate their strengths to support green hydrogen development in a synergistic environment These partnerships not only upgrade project effectiveness but also establish companies as pioneers in the transition to renewables within India, yielding increased market share gangway throughout the industry.
Environmental and regulatory oversights is a strategic necessity en route to the India Green Hydrogen Market. Companies which have the focus on sustainable practices, invest in low carbon technologies and aligns with national roadmap for clean transition of energy do well. Market relevance is not the only benefit that companies gain from compliance with regulations.
Compliance allows for building trust among stakeholders, including investors and policymakers who make decisions based on this information, influencing market share.
The strategy of the companies is to diversify and optimize production methods, as well end-use applications in order to improve market share positioning. The diversified green hydrogen applications which are offered by these companies include industrial feed stock, transportation fuel or grid balancing allows it to cater for the diverse needs of energy at the level of country.
Further, rationalizing production costs and productivity also enhances competitiveness which in turn leads to optimally use of the market share. Strategic pricing plays a crucial role in the market share positioning context of India Green Hydrogen Market. Other strategic pricing strategies may also include the collaborative efforts towards government bodies and/or industry associations regarding alignment with nation’s energy policy.
Appropriate strategic steps that are geographic expansion and project deployment in major regions to ensure an intriguing market share for India Green Hydrogen industry. As India pursues the clean energy solutions into higher gear with environment-friendly initiatives such as Renewable Energy Certificate (REC) trading, firms that have thoughtfully extended their plays in markets offering high renewables and favorable regulations will gain access to new opportunities driving bigger market capture.
The successful penetration in varied markets is strongly depended on the adaptation to local energy needs and relationship with regional stakeholders. Many of the strategies employed to position market share in the India Green Hydrogen Market include investment into research and development. The innovations in electrolysis technologies, renewable energy integration, and hydrogen storage solutions help companies not to simply follow trends or technological processes.
Being pioneers of sustainable hydrogen solutions enhances the status of companies as active participants in India’s shift towards green energy, promoting investors confidence and favorably impacting market share. Customer relationship management and stakeholder engagement are two key strategic tools that will be used to get a competitive market share in the India Green Hydrogen industry. Engagement with government entities, local communities and project investors helps to create valuable partnerships necessary for developing collaborative relationships.
Positive relationships with stakeholders should be ensured to make it through the regulatory domain, establish a social acceptance, and attain investment that add up in enhancing one’s market share. The formulation of market share positioning in the India Green Hydrogen Market is done via well-planned strategic acquisitions and mergers.
Companies which acquire or merge with complementary firms get new technical knowledge, broadening project portfolios and expanding customer bases through the mergers. These strategic moves ensure that such companies bolster their market position, concentrate resources, and become powerful players in the green India hydrogen environment that increases share of pie.

Covered Aspects:

Report Attribute/Metric	Details
Base Year For Estimation	2022
Forecast Period	2023-2032
Growth Rate	11.1% (2023-2032)

India Green Hydrogen Market Highlights:

India Green Hydrogen Market Trends

India Green Hydrogen Market Analysis

India Green Hydrogen Market Share

India Green Hydrogen Companies

India Green Hydrogen Market Overview:

India's Green Hydrogen Market Size was valued at USD 4.53 Billion in 2022. The India Green Hydrogen market industry is projected to grow USD 12.33 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.1% during the forecast period (2023 - 2032). The availability of renewable energy resources and advances in electrolysis technology are the main market drivers anticipated to propel the Green Hydrogen market in India.

India Green Hydrogen Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

India Green Hydrogen Market Trends

Rising integration of renewable energy resources is driving market growth.

The market's increased integration of renewable energy resources is influencing the growth. Green hydrogen is made through electrolysis, a process that requires a significant amount of electricity. By leveraging renewable energy sources for electrolysis, the carbon footprint of hydrogen production can be substantially reduced. This trend aligns with India's ambitious targets for expanding its renewable energy capacity. The deducting costs of solar and wind energy technologies further enhance the economic viability of green hydrogen production. As a result, partnerships and collaborations between renewable energy developers and hydrogen producers are becoming more common, contributing to the growth of a sustainable and interconnected energy ecosystem.

Furthermore, India’s increased promotion of green hydrogen production is part of reducing carbon emissions and transitioning to a low-carbon economy. The government has introduced various policies and initiatives to incentivize and support the growth of the green hydrogen market. For instance, the National Hydrogen Mission aims to promote the production and use of hydrogen, focusing on green hydrogen. Financial incentives and regulatory frameworks are being established to encourage investments in green hydrogen projects. These policy measures create a favorable environment for businesses to enter and thrive in the green hydrogen market. Thus driving the Green Hydrogen market revenue.

India Green Hydrogen Market Segment Insights:

Green Hydrogen Technology Insights

The India Green Hydrogen market segmentation, based on technology, includes Proton Exchange Membrane Electrolyzers, Alkaline Electrolyzers, Solid Oxide Electrolyzers, and Others. The Proton Exchange Membrane Electrolyzer segment dominated the market mostly. It utilizes a solid polymer electrolyte membrane, ensuring high efficiency and adaptability for various applications. Its ability to produce high-purity hydrogen and operate at lower temperatures makes it a prominent choice, fostering growth in the green hydrogen sector in India.

Green Hydrogen Energy Source Insights

The India Green Hydrogen market segmentation, based on energy sources, includes Solar, Wind, and Others. The solar category generated the most income. It contributes prominently to the production of green hydrogen. Utilizing photovoltaic technology, solar-driven electrolysis enables sustainable hydrogen production, aligning with India's commitment to clean energy. This segment reflects the nation's emphasis on harnessing solar power for green hydrogen production, fostering a more environmentally friendly energy landscape.

Figure 1: India Green Hydrogen Market, by Energy Source, 2022 & 2032 (USD Billion)

India Green Hydrogen Market, by Energy Source, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Green Hydrogen End-users Insights

The India Green Hydrogen market segmentation, based on end-users, includes Power Generation and Energy Storage, Automotive and transportation, Refineries, and petrochemicals, and Others (Food and beverages, Steel, Cement Industries, etc.). The power generation & energy storage category generated the most income. With a direct emphasis on sustainable energy solutions, these sectors are adopting green hydrogen as a key component. Power Generation leverages green hydrogen for cleaner energy production. At the same time, Energy Storage utilizes it to address intermittency challenges, contributing to India's more reliable and sustainable energy ecosystem.

Green Hydrogen Country Insights

The transition towards sustainable and clean energy solutions is influencing the market's growth in India. The government's focus on deducting carbon emissions and fostering renewable energy initiatives has propelled the green hydrogen sector. With abundant solar and wind resources, India is well-positioned to produce green hydrogen through electrolysis. Several projects and collaborations between government bodies, private enterprises, and international stakeholders are driving innovation and investment in green hydrogen technology. The Indian government's National Hydrogen Mission further underscores the commitment to fostering a hydrogen economy. As demand for clean energy intensifies, India's green hydrogen market is poised for expansion, offering opportunities for economic growth, technological advancement, and a reduction in environmental impact.

India Green Hydrogen Market Key Players & Competitive Insights

Leading market players are investing majorly in research and development to spread their product lines, which will help the Green Hydrogen market grow even more. The participants are also undertaking a variety of strategic activities to spread their footprint with new market developments, including product launches, contractual agreements, mergers and acquisitions, major investments, and collaboration with other organizations. The Green Hydrogen industry offers cost-effective items to spread and survive in a competitive and rising market climate.

The players in the India Green Hydrogen market are attempting to raise market demand by investing in research and development operations, including Cummins India, Hydrogen Pro AS, MHI, Stiesdal A/S, Siemens, ThyssenKrupp, Acme Group, Azure Power, Adani Group, Reliance Industries Ltd., NTPC Limited, GAIL Limited, L&T, Air Products, Bharat Petroleum Corporation Limited (BPCL) and JSW Energy Neo Ltd.

Key Companies in the India Green Hydrogen Market include

Cummins India

Hydrogen Pro AS

Stiesdal A/S

Siemens

Thyssenkrupp

Acme Group

Azure Power

Adani Group

Reliance Industries Ltd.

NTPC Limited

GAIL Limited

Air Products

Bharat Petroleum Corporation Limited (BPCL)

JSW Energy Neo Ltd.

Green Hydrogen Industry Developments

In 2022:The government of India announced the Green Hydrogen Mobility Project in Leh and the Kawas Green Hydrogen Blending with Natural Gas project in Gujarat.

India Green Hydrogen Market Segmentation:

Green Hydrogen Technology Outlook

Proton Exchange Membrane Electrolyzer

Alkaline Electrolyzer

Solid Oxide Electrolyzer

Others

Green Hydrogen Energy Source Outlook

Solar

Wind

Others

Green Hydrogen End-users Outlook

Power Generation & Energy Storage

Automotive & Transportation

Refineries & Pharmaceuticals

Others (Food & Beverages, Steel, Cement Industries, etc.)

India Green Hydrogen Companies

Leading companies partner with us for data-driven Insights

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
	Single User	$ 4,950
	Multiuser License	$ 5,950
	Enterprise User	$ 7,250
Compare Licenses

Tailored for You

Dedicated Research on any specifics segment or region.
Focused Research on specific players in the market.
Custom Report based only on your requirements.
Flexibility to add or subtract any chapter in the study.
Historic data from 2014 and forecasts outlook till 2040.
Flexibility of providing data/insights in formats (PDF, PPT, Excel).
Provide cross segmentation in applicable scenario/markets.

FEATURES	LICENCE TYPE
FEATURES	Single User	Multiuser Licence	Enterprise User
Price	$ 4,950	$ 5,950	$ 7,250
Maximum User Access Limit	1 User	Upto 10 Users	Unrestricted Access Throughout The Organization.
Free Customization
Direct access to the Analyst
Deliverable Format
Deliverable Format
Platform Access
Discount on Your Next Purchase	10%	15%	10%
Printable Versions