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
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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