India Green Hydrogen Market Projected to Expand at 20.76% CAGR Through 2030

The India Green Hydrogen Market is estimated to grow at a CAGR of around 20.76% during the forecast period, i.e., 2025-30. The market growth imputes to the rising government initiatives to stimulate green hydrogen supply and demand across the country. Growing concerns over the increasing carbon emissions has forced country to develop cleaner and more powerful sources of energy for not only carrying out essential routine tasks but also major industrial operations such as in concrete & steel industry, shipping, long-distance trucking, etc. Thus, owing to these factors, the production of green hydrogen as a renewable source of energy is expected to witnessed notable growth in the coming years.

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Strategic Takeaways from the Report:

  • Market Sizing and Forecasting
  • Regulatory and Policy Influence
  • Competitive Trends and M&A Activity
  • Innovation Drivers and Disruptive Technologies
  • Investment Hotspots and Emerging Niches
  • Geographical Dynamics and Trade Flows

India Green Hydrogen Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Technology

  • Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Alkaline Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Solid Oxide Electrolyzer– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Others– Market Size & Forecast 2025-2030F (Thousand Tons)

Out of them all, Alkaline Electrolyzer segment is expected to hold notable share in the India Green Hydrogen market in the forecast period, owing to its various benefits over the other water electrolysis technologies such as better rate of hydrogen production, compact design, and higher energy efficiency. Additionally, the alkaline electrolysis process has been also considered a mature technology for the decomposition of water (H2O) into hydrogen (H2) and oxygen (O2) gases through an electrochemical reaction.

By Energy Source

  • Solar– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Wind– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Other Renewable Sources– Market Size & Forecast 2025-2030F (Thousand Tons)

Based on Energy Source, solar are predicted to go hand in hand for the production of green hydrogen during the forecast years. The burgeoning investments by the companies & government for the production of green hydrogen by solar energy sources are expected to assist the market growth in the coming years. As green hydrogen is used in the reduction of iron ore to direct reduced iron (DRI), the usage of green hydrogen in the manufacturing of green steel can reduce CO2 emissions by around 95%. Thus, the increasing company’s investment and government initiative aligns with the increasing key trend towards decarbonization and sustainable industrial practices led to increase the green hydrogen market share in the forthcoming years.

By End Users

  • Power Generation & Energy Storage– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Automotive & Transportation– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Refineries & Petrochemicals– Market Size & Forecast 2025-2030F (Thousand Tons)
  • Others (Food & Beverage, Steel, Cement Industries, etc.) – Market Size & Forecast 2025-2030F (Thousand Tons).

Automotive and Transpiration is expected to hold notable share in the India Green Hydrogen Market in the forthcoming years. To achieve carbon neutrality by 2030, several car manufacturers have taken different approach to reduce the carbon emissions by using alternative and cleaner fuels to power automobiles, including cars, buses, etc., is anticipated to escalate the market share in the forecast period.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Increasing Integration of Sustainable Energy in the Indian Automobile Sector – India's commitment to achieving net-zero emissions by 2070 aligns with international climate agreements such as the Paris Agreement is expected to enhance the green hydrogen market size during 2025-2030. In addition, automotive manufacturers inclination towards the adoption of eco-friendly fuel solutions to reduce carbon emissions is predicted to elevate the demand for green hydrogen as a clean fuel over the next few years. In recent years, India have already begun using hydrogen as a clean fuel in fuel cell electric vehicles and is preparing to adopt hydrogen as a fuel as it reduces global pollution & greenhouse gas emissions. For instance,

  • 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.

Therefore, the rising production of fuel-celled electric vehicles engines is anticipated to further supplementing the demand for green hydrogen, hence fueling the market share during the forecast period.

India Green Hydrogen Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global India Green Hydrogen Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

  • Cummins India
  • HydrogenPro AS
  • MHI
  • Stiesdal A/S
  • Siemens
  • Thyssenkrupp
  • Other Potential Players
  • Renewable Power Generation Solution Providers
  • Acme Group
  • Azure Power
  • Other Potential Players
  • Green Hydrogen Manufacturing Company
  • Adani Group
  • Reliance Industries Ltd.
  • NTPC Limited
  • GAIL Limited
  • L&T
  • Air Products
  • Bharat Petroleum Corporation Limited (BPCL)
  • JSW Energy Neo Ltd
  •  

Their activities include partnerships, product launches, and geographic expansions.

India Green Hydrogen Industry Prime Challenge

High Cost of Green Hydrogen Production to Impede India Green Hydrogen Market Growth – The reason behind the low usage of green hydrogen is its high cost of production which includes cost across the value chain, lack infrastructure facilities for transport and storage as well as high energy losses. The production cost of green hydrogen is determined by the renewable energy cost, the efficiency as well as the cost of electrolysers and some other factors. The production cost for green hydrogen viz. electrolysis is comparatively high as compared to conventional hydrogen production systems. According to the IEA, the hydrogen production through electrolysis which costs around USD 10.3 per kg is 5 times higher than that of conventional technologies which cost around USD 1.5-2.3 per kg. Thus, the high production cost of green hydrogen would remain high without government subsidies and other supportive policies, which results in hindering the market growth during 2025-2030.

Frequently Asked Questions (FAQs):

  • What industries are most impacted by this market?
  • How is technology reshaping operations and offerings?
  • Which competitors dominate the landscape?
  • What risks could disrupt market expansion?
  • How should businesses respond to demand fluctuations?

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