Future of India Green Hydrogen Market: Key Dynamics, Size & Share Analysis

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. 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.

Top Market Challenges Impacting the Autonomous India Green Hydrogen Market Growth

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 of 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. 

Understanding the Core Segments in the India Green Hydrogen Market

By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others), By Energy Source (Solar, Wind, Other Renewable Sources), By End Users (Power Generation & Energy Storage, Automotive & Transportation, Refineries & Petrochemicals) and Others

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Who Dominates the Autonomous India Green Hydrogen Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Green Hydrogen market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• Cummins India
• HydrogenPro AS
• MHI
• Stiesdal A/S
• Siemens
• Thyssenkrupp
• Other Potential Players
• Renewable Power Generation Solution Providers
• Acme Group
• Azure Power
• 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

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