India Hydrogen Market Poised To Register Healthy Expansion For Upcoming Years: Global Opportunity Analysis and Industry Forecast, 2018-2025

The India hydrogen market was valued at $50 million in 2017, and is projected to reach $81 million by 2025, growing at a CAGR of 6.3% from 2018 to 2025.

Hydrogen is an essential industrial chemical used in a variety of applications. Its major end use is in the petroleum refining industry to refine crude oil. With the growth in concern of climate change and global warming, hydrogen is the fuel of the future. As India is in the process of becoming a developed country, the need for cleaner fuel to produce power is projected to increase. The hydrogen fuel cell provides a greater solution to meet this growth in demand for power.

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Hydrogen is a non-toxic, highly combustible diatomic gas, which has been used as a fuel since several decades. The demand for hydrogen in India has been increasing significantly, owing to a surge in the need for hydrogen in the petroleum refining processes, metal processing, and others. In addition, rise in the use of hydrogen in power generation and implementation of stringent environmental regulations towards a cleaner form of energy are the key factors contributing to the growth of the India hydrogen market. However, high transportation cost and stagnant prices act as the major restraints of the market. On the contrary, the India hydrogen market is yet to explore its full potential. The use of liquid organic hydrogen carrier (LOHC) technologies for storage and transportation of hydrogen is anticipated to provide lucrative opportunities for the growth of the market.

The report segments the India hydrogen market based on delivery mode, technology, end user, and region. By delivery mode, the market is divided into captive and merchant. The merchant delivery model is estimated to grow at the highest CAGR of 7.1% during the forecast period. As per the consumption, the captive delivery model generated a revenue of $44 million in 2017 and is expected to reach $67 million by 2025.

The steam methane reforming segment is a significant contributor to the market and is projected to occupy two-sevenths of the market share by 2025. Based on end user, the market is fragmented into chemical, petroleum refining, metal processing, glass industry, edible fats & oils, energy, and others. By production, the chemical industry occupied more than half of the share of the India hydrogen market. Region-wise, the market is analyzed across North India, South India, Western India, and East India.

The hydrogen production in South India has been witnessing several developments. This factor is expected to boost the market growth during the forecast period. The Indian Institute of Technology, Hyderabad, has been working on low temperature plasma catalysis for the conversion of greenhouse gases, such as carbon dioxide and methane into syngas/H2. The Institute of Science and Technology, Hyderabad, had developed the proton exchange membrane-based water electrolyzer to produce hydrogen through the Nafion membrane. In Western India, hydrogen has been offering support to future requirements for clean energy. The growth in initiatives for reducing greenhouse emission and the increase in technological developments in cities, such as Pune and Mumbai, are expected to drive the growth of the market.

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The key players operating in the market include Praxair India Private Limited, Linde India Limited, INOX Air Products, Bhuruka Gases Limited, Air Liquide India, and Aditya Birla Chemicals (India) Ltd. The other prominent players include Gujarat Alkalies And Chemicals Limited, DCW Limited (DCW), TATA Chemicals Limited, and GHCL Ltd.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits for stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. CXO perspective

Chapter: 3: MARKET LANDSCAPE
3.1. Market definition and scope
3.2. Key Findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Market share analysis
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Growth in demand for hydrogen in end user industry
3.5.1.2. Use of hydrogen in power generation
3.5.1.3. Stringent environmental regulations towards cleaner form of energy
3.5.2. Restraints
3.5.2.1. High transportation & storage cost
3.5.2.2. Stagnant pricing
3.5.3. Opportunity
3.5.3.1. LOHC technologies for storage and transportation of hydrogen
3.6. India hydrogen demand through H2 refueling stations prediction
3.7. Fuel cell vehicles hydrogen consumption: market prediction
3.8. Potential for SMR to replace the supplies
3.9. Price comparison of each method of region-wise hydrogen supplies, 2017
3.10. Current volume by percentage of different modes of hydrogen supply, 2017

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