India Poised to Capture $25B Share in Global Hydrogen Materials Market
India is on the cusp of a green hydrogen revolution, and according to a newly released report by Eninrac, the country holds the potential to secure a $25 billion share in the $200 billion global hydrogen storage materials market by 2040.
Strategic Report Overview
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India is on the cusp of a green hydrogen revolution, and according to a newly released report by Eninrac, the country holds the potential to secure a $25 billion share in the $200 billion global hydrogen storage materials market by 2040.
Strategic Report Overview
The report titled “Strategic Assessment of India’s Hydrogen Storage & Transport Ecosystem” highlights how cost competitiveness, infrastructure modernization, and feedstock diversification will define India's leadership in the global hydrogen economy.
“India’s hydrogen strategy must be grounded in a realistic, tech-forward, and localized approach to production, storage, and delivery,” said Eninrac’s lead energy analyst.
Key Insights from the Report
Green hydrogen costs projected to fall to ~$2/kg by 2030.
$2.4B market share by 2030 led by compressed gas and cryogenic storage solutions.
India targeting 1,500 km hydrogen pipeline and over 50 LH₂ tankers.
Green ammonia terminals planned in Gujarat and Odisha for export viability.
Material science breakthroughs in metal hydrides & LOHCs underway.
Industry Call to Action
The report urges coordinated action from stakeholders under the National Green Hydrogen Mission, encouraging:
Electrolyzer localization
Strategic hydrogen cluster development
Public-private capital convergence
Global certification alignment
Download Report
Click here to download the full report and gain access to exclusive data insights, technology readiness levels, and cost forecasts across hydrogen pathways.
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