Current Market Size of Hydrogen in India (2020-2025)
Market size of hydrogen by volume (in Million tonnes)
India at large witnesses demand from fertilizer, chemicals (methanol) and refineries. Although slowly the demand has risen from 6 million tonnes in 2019 to ~7 million tonnes in 2021. The break-up of demand as per volume is from 2020 to 2025 is depicted in the exhibit as below.
Current Market Size of Hydrogen in India (2020-2025) (contd.)
Market size of hydrogen by value (in US$ Billion)
India at large witnesses demand from fertilizer, chemicals (methanol) and refineries. Although slowly the demand has risen from US$ 11 Billion in 2020 to US$ 14.5 Billion in 2021. The break-up of demand as per value is from 2020 to 2025 is depicted in the exhibit as below.
Current Market Size of Hydrogen in India (2020-2025) (contd.)
Market size of hydrogen by end use application by volume (in Million Tonnes)
The major end uses in India is from fertilizer (ammonia), chemicals (methanol) and oil refineries. It has demand from transportation and power generation and grid balancing at very nominal levels and is expected to increase by end of 2030.
More from the reports
- Evaluating cost competitiveness of hydrogen production in India
- What would be the key drivers of cost competitiveness in India?
- Hydrogen production break-even costs by end use application globally & anticipated cost built up in India
- Hydrogen distribution of global supply chains w.r.t key demand centers
- Evaluating the utility of hydrogen refueling stations in reducing cost of hydrogen
- Charting the global hydrogen trade environment and evaluating role of Asia-Pacific region in demand built up
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