India Green Hydrogen Market – The India Green Hydrogen Market is growing rapidly due to renewable energy investments and government support for clean hydrogen.
The India Green Hydrogen Market is poised for exponential growth, anchored by the ambitious National Green Hydrogen Mission (NGHM). Valued at approximately USD billion in 2024, the market is projected to skyrocket to over USD billion by 2033, exhibiting a spectacular CAGR of around 39.50% from 2025 to 2033. This growth is fundamentally driven by India's dual objectives of achieving energy security and meeting its net-zero emissions goal by 2070.
The market's potential is underscored by its ability to leverage India's abundant low-cost renewable energy resources—primarily solar and wind—to produce cost-competitive green hydrogen. Key market segments include demand from traditional 'grey hydrogen' users like fertilizers and refineries, as well as emerging sectors like steel, mobility, and power generation. The market's competitive landscape is dynamic, with public sector undertakings (PSUs) like NTPC, GAIL, and IOCL, alongside private behemoths such as Reliance and Adani, driving massive investment and project development. The success of the market hinges on achieving rapid cost reduction and building a comprehensive domestic supply chain.
India Green Hydrogen Market
Q1: What is the India green hydrogen market?
A1: It refers to the production, distribution, and adoption of hydrogen generated using renewable energy sources like solar and wind.
Q2: Why is green hydrogen important for India?
A2: It supports energy transition, reduces fossil fuel dependency, and helps India meet its net-zero emission targets.
Q3: What sectors drive the market?
A3: Power, transportation, steel, and fertilizers are key drivers.
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