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Last Update
22 June 2023
Sizing the hydrogen market growth from 2020 to 2025 in India
Understanding current hydrogen market size in India
There is tremendous potential for low-cost, low-carbon production of hydrogen in India, which can enable broad adoption of hydrogen across sectors. Currently in India, hydrogen mainly serve as feedstock in ammonia and methanol production and in refineries. In transportation it is catching up but is in very nascent stages in the country. It is anticipated that good numbers of FCEVs and buses shall come into play in the big cities for public transport in the country. Also, under the mining segment also it is anticipated to evolve as an alternative source.
India at large witnesses demand from fertilizer, chemicals (methanol) and refineries.
Current Market Size of Hydrogen in India (2020-2025)
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