Hydrogen is a colorless, odorless, tasteless, non-toxic, and a highly combustible diatomic gas used in various industries across numerous domains. Hydrogen has been used as a fuel for many decades, as it exhibits excellent properties that include carbon-free fuel, non-toxicity, safe production and storage, secure transport, easy production from many different sources, and an exceptionally clean source of energy. 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.
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The demand for hydrogen in India is on the rise, as India has always been an energy-deficient country. Furthermore, Indian economy and population have been continuously growing, which proves challenging for the government to provide energy to such an economy. The sole dependency on petroleum and natural gas for energy is clearly not the solution for an emerging economy, such as India. The growth in practicability of hydrogen fuel cells has significant implications, particularly for the developing countries, such as India. These fuel cells use both oxygen and hydrogen to provide clean energy, which creates an opportunity to provide clean energy to millions of Indians, thereby reducing the energy supply-demand gap.
There is a growth in demand for hydrogen in the end-user industries, such as petroleum refining processes, metal processing, and others. Furthermore, the use of hydrogen in power generation and stringent environmental regulations towards a cleaner form of energy drive the Indian hydrogen market growth. However, the high transportation cost and stagnant prices act as a restraint to the Indian hydrogen market. The use of liquid organic hydrogen carrier (LOHC) technologies for storage and transportation of hydrogen have created better opportunities for the growth of the market.
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The report segments the India hydrogen market based on delivery mode, technology, end user, and region. On the basis of the delivery mode, the market is divided into captive and merchant. By technology, the market is categorized into steam methane reforming, partial oxidation of oil, coal gasification, methanol reforming, ammonia cracking, and electrolysis of water. As per end user, the market is classified into chemical, petroleum refining, metal processing, glass industry, edible fats and oils, energy, and others. Region-wise, it is analyzed across North India, South India, Western India, and East India.
The key players operating in the market include Praxair India Private Limited, Linde India Limited, INOX Air Products, Bhuruka Gases Limited, Air Liquide India, Aditya Birla Chemicals (India) Ltd., Gujarat Alkalies And Chemicals Limited, DCW Limited (DCW), TATA Chemicals Limited, and GHCL Ltd.
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KEY BENEFITS FOR STAKEHOLDERS
Porter’s five forces analysis helps to analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and the future scenario of the India hydrogen market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
The major regions are mapped according to their individual revenue contribution to the India market.
An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors.
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of the key players along with their key strategic developments are enlisted in the report.
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the India hydrogen market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.
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The degree of competition among prominent global companies has been developed by analyzing several leading chemical market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
KEY MARKET SEGMENTS
By Delivery Mode
Steam Methane Reforming
Partial Oxidation of Oil
Electrolysis of Water
By End User
Edible Fats and Oils
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Key questions answered in the India hydrogen market report are:
How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the chemical market over the forecast period?
What are the factors driving and restraining the market for chemicals?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?’
This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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