openPR Logo
Press release

Increasing Government Efforts toward achieving Carbon-Neutrality to Drive the Green Hydrogen Market in India

09-09-2022 07:34 AM CET | Energy & Environment

Press release from: MarkNtel Advisors LLP

India Green Hydrogen Market

India Green Hydrogen Market

Green Hydrogen, the latest buzzword in the energy space, could be the next best investment toward achieving clean energy owing to the declining costs of renewable electricity & electrolysis technology. Governments of different countries, especially India, are focused on exploring the potential of this promising technology, which is why it is gaining unparalleled political & business momentum.

A recent research study by MarkNtel Advisors has projected an almost 20% CAGR for the India Green Hydrogen Market during 2022-27. Most of the market expansion would be driven by the increasing focus of the Indian government on reducing the alarming levels of carbon emissions across the country by minimizing the reliance on fossil fuels, i.e., leading to rigorous research & developments on utilizing clean energy resources for various applications across different industries.

Get Sample Copy of this Report - https://www.marknteladvisors.com/query/request-sample/india-green-hydrogen-market.html

As a result, green hydrogen is being viewed as a sustainable solution to mitigate emissions, reduce the country's expenses on fuel imports, and decarbonize the environment while producing renewable energy. With favorable policies laid out by the government in this regard, the leading companies in the industry are announcing several initiatives for commercializing green hydrogen in the country. For instance:

By 2030, Adani Group plans to build the world's largest renewable energy company with 45 GW capacity and become the largest hydrogen producer globally. Over the next decade, it aims to invest around 80% of capital expenditure on green businesses, including $20 billion in renewables, green component manufacturing, and establishing the required infrastructure.

Adani group's massive capabilities in both fossil-fuel-based & renewable energy, transmission & distribution infrastructure, and logistics hold immense potential to make it a leading green hydrogen company in the future.
With Longer Operations & Low Costs, Alkaline Electrolyzers to Notably Contribute to the Market Growth

Alkaline electrolyzers have two electrodes that operate in a liquid alkaline solution of either potassium hydroxide or sodium hydroxide. With benefits like high operating range, low operation & installation costs, and high efficiency & durability, alkaline electrolyzers are projected to dominate the green hydrogen industry in India over the coming years.

However, since they have lower power & current densities and incur a high corrosive effect of the liquid electrolyte used in high-temperature values, industry players are showing greater interest in adopting PEM (Proton Exchange Membrane) technology. PEM offers the advantage of quickly & effectively operating at high current densities & variable power levels. Moreover, it has low gas permeability, high energy efficiency, and a fast hydrogen production rate, owing to which it is gaining popularity.

Some Recent Trends in the India Green Hydrogen Market

-In August 2022, Shell India and Ohmium International, a green hydrogen company that designs, manufactures, and deploys PEM Electrolyzers, signed an MoU (Memorandum of Understanding) for working on green hydrogen applications in India. Ohmium has its only manufacturing facility for electrolyzers in Bengaluru and is very active in India. Shell plans on utilizing electrolyzers to produce green hydrogen.

-The same year in March, Adani Enterprises Limited (AEL) signed an MoU with Milan-based Maire Tecnimont Group's subsidiaries, including NextChem, Stamicarbon, and MET Development (MET DEV), on making green hydrogen projects across different locations in the country.

-July 2020, Reliance Industries announced its plans to replace fuels used in the transportation sector with clean electricity & hydrogen in line with its 2035 net-zero target.

Full Report With Table of content - https://www.marknteladvisors.com/research-library/india-green-hydrogen-market.html

Competitive Landscape

The key companies operating in the India Green Hydrogen Market include Adani Green Energy Ltd., Bharat Petroleum Corporation Limited (BPCL), Reliance Industries Ltd., Larsen & Toubro Ltd., Indian Oil Corporation Ltd., National Thermal Power Corporation (NTPC) Limited, JSW Steel, and Jindal Steel.

Key Questions Answered in the Research Report:

--What are the current & future trends in the India Green Hydrogen Market?
--How has the industry been evolving in terms of geography & product adoption?
--How has the competition been shaping across various regions, followed by their comparative factorial indexing?
--What are the key growth drivers & challenges for the India Green Hydrogen Market?
--What are the customer orientation, purchase behavior, & expectations from the key companies operating in the India Green Hydrogen Market?

Talk to our Consultant for any query - https://www.marknteladvisors.com/query/talk-to-our-consultant/india-green-hydrogen-market.html

Market Segmentation:

By Technology (Proton Exchange Membrane (PEM) Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer)
By End-Users (Power Generation, Automotive, Mining, Food & Beverage, Others (Petrochemicals, Steel and Cement Industries))
By Location (Onshore, Offshore)

Contact Us:
MarkNtel Advisors
Email: sales@marknteladvisors.com
Call - +1 604 1900 2671
Website: www.marknteladvisors.com

MarkNtel Advisors is a leading research, consulting, and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Increasing Government Efforts toward achieving Carbon-Neutrality to Drive the Green Hydrogen Market in India here

News-ID: 2729372 • Views:

More Releases from MarkNtel Advisors LLP

Europe Electric Trucks Market Set to Surge at 51% CAGR, Reaching USD 35.2 Billion by 2032: Trends in UK, France, Spain, Italy, Germany, Poland, Netherlands and More
Europe Electric Trucks Market Set to Surge at 51% CAGR, Reaching USD 35.2 Billio …
Latest Research Report of European Electric Trucks Market Size and CAGR According to MarkNtel Advisors latest market research report data, the Europe Electric Trucks Market is projected to grow from USD 1.96 billion in 2025 to USD 35.2 billion by 2032, registering a remarkable CAGR of 51.07%. Growth is primarily driven by stringent EU emission standards, expansion of high-capacity charging networks, and fleet electrification by major OEMs like Volvo Trucks and
Europe Industrial Gases Market Expected to Reach Nearly $22.98 Billion by 2032: Trends in Germany, UK, France, Italy, Spain and More
Europe Industrial Gases Market Expected to Reach Nearly $22.98 Billion by 2032: …
Europe Industrial Gases Market: Trends, Insights, and Future Outlook The Europe Industrial Gases Market is seeing robust growth, driven by increasing demand across key sectors such as petrochemicals, healthcare, and steelmaking. Innovations in hydrogen production and carbon capture technologies are prominent factors influencing market dynamics. A shift towards renewable and low-carbon sources presents significant opportunities amid growing environmental regulations. Additionally, the rise in energy costs is reshaping the landscape for industrial
Middle East Industrial Gases Market Set to Grow to USD 12.68 Billion by 2032 | Top Countries: Qatar, United Arab Emirates (UAE), Saudi Arabia, Kuwait, Oman
Middle East Industrial Gases Market Set to Grow to USD 12.68 Billion by 2032 | T …
The Middle East Industrial Gases Market is forecasted to expand from USD 10.06 billion in 2025 to USD 12.68 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.72% during the period of 2026 to 2032. The primary drivers fueling this growth are the increasing demand for hydrogen and the robust expansion of the petrochemical industry, which necessitates high-purity gases for various applications such as chemical synthesis and
Potato Chips Market in Philippines Set to Grow to USD 233.17 Million by 2032 as Local Production Efforts Gain Momentum
Potato Chips Market in Philippines Set to Grow to USD 233.17 Million by 2032 as …
The Philippines Potato Chips Market is entering a significant growth phase, projected to expand from USD 158.45 million in 2025 to USD 233.17 million by 2032, with a robust compound annual growth rate (CAGR) of 5.67%. Key growth drivers include government initiatives aimed at bolstering local potato production and the rising popularity of flavored varieties among consumers. Philippines Potato Chips Market Growth Outlook: As snack food preferences evolve, the Philippines Potato Chips

All 5 Releases


More Releases for India

India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035). India Smart Air Purifier Market Overview The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
12-11-2018 | Health & Medicine
Pasta
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will