India Hydrogen Market was valued US$ 54.70 Mn in 2019, and is projected to reach US$ XX Mn by 2026, growing at a CAGR of XX % during the Forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Market is segmented by delivery mode, by technology, by end user and by region. Based on delivery mode, India hydrogen market is bifurcated into captive and merchant. Steam methane reforming, partial oxidation of oil, coal gasification, methanol reforming, ammonia cracking, and electrolysis of water are technology segments of India hydrogen market.
In terms of end user, India hydrogen market is segmented into chemical, petroleum refining, metal processing, glass industry, edible fats and oils, energy, and others. Regionally, India hydrogen market is divided into North India, South India, West India and East India.
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.
Captive segment is leading the India hydrogen market accounting for more than 80% share in terms of value in 2017. Petroleum refining segment holds major share of the market followed by petrochemical and fertilizer industry.
West India accounts for the greater share in hydrogen market in the country, owing to the presence of refineries and chemical and petrochemical companies such as Reliance Industries, Essar Oil, Indian Oil Corporation, Grasim Industries, Tata Chemicals and others in the region. Major portion of the required hydrogen is produced by steam reforming of natural gas although partial oxidation of residuum is used to a limited extent.
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.
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India Hydrogen Market, By Delivery Mode:
• Captive
• Merchant
India Hydrogen Market, By Technology:
• Steam Methane Reforming
• Partial Oxidation of Oil
• Coal Gasification
• Methanol Reforming
• Ammonia Cracking
• Electrolysis of Water
India Hydrogen Market, By End User:
• Chemical
• Petroleum Refining
• Metal Processing
• Glass Industry
• Edible Fats and Oils
• Energy
India Hydrogen Market, By Region:
• North India
• South India
• West India
• East India
Key Player analysed in India Hydrogen Market:
• 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
• GHCL Ltd
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