India Hydrogen Market segmented by Delivery Mode (Captive and Merchant), by technology (Steam Methane Reforming, Partial Oxidation of Oil, Coal Gasification, Methanol Reforming, Ammonia Cracking, and Electrolysis of Water), By end user (Chemical, Petroleum Refining, Metal Processing, Glass Industry, Edible Fats and Oils, Energy, and Others) and by region (North India, South India, west India and East India) is projected to reach US$ 80.8 Mn by 2025, growing at a CAGR of 6 % during the Forecast period.
Escalating demand for hydrogen from end-user industry, use of hydrogen in power generation and stringent environmental regulations towards cleaner form of energy is driving the India hydrogen market. Growing demand for chemicals, expansion of refineries, rising on-site demand and developing fuel cell technology for electricity End User ion in the country is boosting the hydrogen market growth in a country. High transportation and storage cost of hydrogen and stagnant pricing of hydrogen restrains the market growth. Liquid organic hydrogen carrier (LOHC) technologies for storage and transportation of hydrogen offers an opportunities for the market growth.
Petroleum Refining is a dominant segment in the India Hydrogen Market.
In petroleum-refining operations, Hydrogen is consumed in a variety of hydrodesulphurization and hydrocracking operations. Hydrogen in oil refineries to produce higher value product mixes, such as gasoline, and meet increasingly tighter low-sulfur fuel specifications globally. Hydrogen is playing a key role in producing transportation fuel that’s easier on the environment.
West India accounts for the greater share in India hydrogen market.
Presence of refineries and chemical and petrochemical companies such as Reliance Industries, Essar Oil, Indian Oil Corporation, Grasim Industries, Tata Chemicals and others.
This report includes a study of marketing and development strategies, along with the Vehical portfolios of leading companies. It includes the profiles of leading manufacturers such as Praxair India Private Limited, Linde India Limited, INOX Air End User s, 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 are key players of India hydrogen market.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the India hydrogen market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India hydrogen market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain India hydrogen market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Hydrogen Market”.
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