India Hydrogen Generator Market Outlook (2021-2027)
Market Forecast By Technology (Ammonia Cracker Hydrogen Generator, Methanol Cracker Hydrogen Generator, Steam Methane Reforming Hydrogen Generator, Electrolysis Hydrogen Generator) And Competitive Landscape.
According to 6Wresearch, India Hydrogen Generator Market revenue size is projected to grow at a CAGR of 11.0% during 2021-2027. Hydrogen gas is considered as a potential solution to the world’s sustainability challenges, India’s National Hydrogen Mission aims to cut down carbon emissions by increasing the use of renewable sources of energy to align India with global practices in terms of technology, policy & regulations, and intends to produce three-fourths of its hydrogen production from renewable resources by 2050. Furthermore, government and private firms such as Indian oil, NTPC, Reliance group and Adani group have ambitious plans to embrace hydrogen as a fuel on account of the nation transitions towards carbon-free fuel. Additionally, government institutite Indian Oil Corporation IOC is also working on a technology to develop hydrogen-spiked compressed natural gas, or H-CNG to use hydrogen as a transportation fuel.
The India hydrogen generator market grew significantly between 2017 and 2019, attributed to growth in key application areas such as the refining, petrochemical, and edible oil industries. Furthermore, emerging technologies such as electrolysis and methanol cracking witnessed increased adoption during this time period. Furthermore, COVID- 19 pandemic-related measures, lockdowns, and international trade restrictions led to a slight slowdown in the hydrogen generator industry, as the country’s hydrogen generator market is still import dependent.
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Market by Technology Analysis
In terms of Technology, steam methane reforming hydrogen generator has captured 65.9% of the market revenues in 2020.
Key Highlights of the Report
India Hydrogen Generator Market Overview
India Hydrogen Generator Market Outlook
India Hydrogen Generator Market Forecast
Market Drivers and Restraints
Market Trends
Porter’s Five Force Analysis
Importer List
Industry Life Cycle
Key Potential Companies List for Mergers and Acquisitions
Market Opportunity Assessment
Key Potential Customers List
Competitive Benchmarking
Government Regulations
India Hydrogen Generator Market Ranking, By Companies
Company Profiles
Key Strategic Recommendations
Historical Data and Forecast of India Hydrogen Generator Market Revenues and Volume, for the Period 2017-2027F.
Historical Market Data and Forecast of India Hydrogen Generator Market Revenues and Volume, By Technology, for the Period 2017-2027F.
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