India Green Hydrogen Market Forecast 2030: Key Players & Emerging Trends
India Green Hydrogen Market Size & Insights
As per recent study by MarkNtel Advisors The India Green Hydrogen Market size was valued at around USD 9 billion in 2024 and is expected to reach USD 34.0 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 20.89% during the forecast period, i.e., 2025-30. The market growth is attributed to the rising government initiatives to stimulate green hydrogen supply and demand across the country.
What are the Key DROs in the India Green Hydrogen Market?
Increasing Government Support for the Production of Green Hydrogen – Green Hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs across the country. In relation to this, the Indian government is developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilisers, and gas networks across the country. India's commitment to raising global supply chains and advancing relevant technologies has gathered significant interest from scientists, investors, and government bodies, particularly in the widespread adoption of green hydrogen. Therefore, consistent government policies and support towards the production of green hydrogen market growth is anticipated to increase in the forthcoming years.
What are the Key Segments in the India Green Hydrogen Market?
The India Green Hydrogen is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
· By Technology
o Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2020-2030F (Thousand Tons)
o Alkaline Electrolyzer– Market Size & Forecast 2020-2030F (Thousand Tons)
o Solid Oxide Electrolyzer– Market Size & Forecast 2020-2030F (Thousand Tons)
o Others– Market Size & Forecast 2020-2030F (Thousand Tons)
· By Energy Source
o Solar– Market Size & Forecast 2020-2030F (Thousand Tons)
o Wind– Market Size & Forecast 2020-2030F (Thousand Tons)
o Other Renewable Sources– Market Size & Forecast 2020-2030F (Thousand Tons)
· By End Users
o Power Generation & Energy Storage– Market Size & Forecast 2020-2030F (Thousand Tons)
o Automotive & Transportation– Market Size & Forecast 2020-2030F (Thousand Tons)
o Refineries & Petrochemicals– Market Size & Forecast 2020-2030F (Thousand Tons)
o Others (Food & Beverage, Steel, Cement Industries, etc.) – Market Size & Forecast 2020-2030F (Thousand Tons)
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Who are the Key Players in India Green Hydrogen Market?
· Cummins India, HydrogenPro 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), JSW Energy Neo Ltd, and others
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India Green Hydrogen Market News
- 2025: India’s leading natural gas company and Accelera by Cummins and GAIL under MoPNG have signed a memorandum of understanding to collaborate on hydrogen and energy transition technologies in India. The company commissioned a 10 MW green hydrogen unit at its plant in Vijaipur, MP.
- 2025: Indian refiner Bharat Petroleum Corp (BPCL.NS), opens new tab, signed a joint venture agreement with Singapore's Temasek-backed Sembcorp (SCIL.SI), opens new tab to develop green hydrogen and renewable energy projects across India.
Key pillars of the research methodology include:
· Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
· Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
· Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
· Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.
Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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