India Hydrogen Generation Market Size & Outlook, 2025-2030
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India hydrogen generation market highlights
- The India hydrogen generation market generated a revenue of USD 10,594.6 million in 2024 and is expected to reach USD 19,802.5 million by 2030.
- The India market is expected to grow at a CAGR of 11% from 2025 to 2030.
- In terms of segment, ammonia production was the largest revenue generating application in 2024.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Hydrogen generation market data book summary
| Market revenue in 2024 | USD 10,594.6 million |
| Market revenue in 2030 | USD 19,802.5 million |
| Growth rate | 11% (CAGR from 2025 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation, Industrial Heating |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Cummins Inc, Iwatani Corp, Linde PLC, Nippon Sanso Holdings Corp, Tokyo Gas Co Ltd |
Other key industry trends
- In terms of revenue, India accounted for 5.7% of the global hydrogen generation market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hydrogen generation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,802.5 million by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tokyo Gas Co Ltd | View profile | 15963 | 1-5-20 Kaigan Minato-ku, Tokyo, Japan, 105-8527 | http://www.tokyo-gas.co.jp |
| Nippon Sanso Holdings Corp | View profile | 22200 | Toyo Building 1-3-26, Koyama, Shinagawa-ku, Tokyo, Japan, 142-8558 | https://www.nipponsanso-hd.co.jp |
| Iwatani Corp | View profile | 11351 | 6-4, Hommachi 3-chome, Chuo-ku, Osaka, Japan, 541-0053 | http://www.iwatani.co.jp |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
India hydrogen generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrogen generation market will help companies and investors design strategic landscapes.
Ammonia production was the largest segment with a revenue share of 19.48% in 2024. Horizon Databook has segmented the India hydrogen generation market based on methanol production, ammonia production, petroleum refinery, transportation, power generation, industrial heating covering the revenue growth of each sub-segment from 2018 to 2030.
India accounts for one of the major hydrogen generation markets in the Asia Pacific region owing to the presence of a large number of refineries in the country which utilize hydrogen in various processes.
Further, the government of India is aiming to improve hydrogen infrastructure in the country owing to which the government is expected to take several initiatives regarding the hydrogen infrastructure in the future.
In addition, various companies and research institutes in the country are conducted R&D for the generation of hydrogen in a cost-effective manner and by cleaner technologies. For instance, Oil and Natural Gas Corporation Ltd. (ONGC) is currently conducting research for generation of hydrogen by electrolysis technology under its ONGC Energy Center (OEC).
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Target buyers of India hydrogen generation market databook
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Our clientele includes a mix of hydrogen generation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into India hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India Application - Hydrogen Generation Market size, 2024 - 2030 (US$M)
India Hydrogen Generation Market Outlook Share, 2024 & 2030 (US$M)
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