The India green hydrogen market size reached USD 1,400.00 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 25,337.97 Million by 2033, exhibiting a growth rate (CAGR) of 39.50% during 2025-2033. Government initiatives such as the National Green Hydrogen Mission, rising renewable energy capacity, foreign collaborations like the India-EU partnership, domestic electrolyzer manufacturing expansion, and growing industrial demand for clean energy are driving India's green hydrogen market by boosting investments, technological advancements, infrastructure development, and large-scale adoption across multiple sectors.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1,400.00 Million |
Market Forecast in 2033 | USD 25,337.97 Million |
Market Growth Rate 2025-2033 | 39.50% |
Government Initiatives and Policy Support
India's green hydrogen economy is witnessing rapid growth, driven primarily by aggressive government moves and strong policy support. The Government of India has been aware of the potential of green hydrogen as a clean fuel and is taking various steps toward its promotion. One such pillar initiative is the National Green Hydrogen Mission, with the objective of making India a green hydrogen production and export hub for the world. This mission provides strategies for building a green hydrogen ecosystem, such as setting up production plants, demand creation in industries, and research and development support. The mission also highlights the need for public-private partnerships to promote innovation and investment in the industry. Along with the National Green Hydrogen Mission, the government has also launched a number of policy incentives to boost the market. These are production-linked incentives (PLIs) for the manufacturers of electrolyzers—the equipment employed to produce hydrogen from renewable energy. By reducing the cost of electrolyzers, these incentives aim to render green hydrogen production more economically viable. Further, the government is looking for instruments such as carbon credits and renewable purchase obligations to enable a facilitating market environment for green hydrogen. These combined efforts are likely to drive substantial growth in the industry for green hydrogen. Predictions indicate India's green hydrogen sector may expand to USD 8 billion by 2030 and USD 340 billion by 2050, suggesting the enormous impact of government efforts and policies.
Renewable Energy Potential and Infrastructure Development
India's extensive renewable energy sources and current infrastructure development are the key drivers for the green hydrogen industry. India has extensive solar and wind energy resources that can be used to generate green hydrogen via electrolysis. In this process, renewable electricity is used to decompose water into hydrogen and oxygen, with no carbon emissions released. Indian authorities have aimed at increasing the capacity of renewable energy to 450 GW by the year 2030. By expanding this capacity, India is not only opening up a renewable energy source to the country but also providing a base for large-scale production of green hydrogen. When renewable energy projects are combined with the production of green hydrogen, India has the capability of growing energy security and diminishing dependence on fossil fuels. Infrastructure development is also contributing significantly to the expansion of the green hydrogen market. Investments are being made in developing hydrogen production facilities, storage solutions, and distribution networks. For example, industrial giants are making investments in the development of projects to generate green hydrogen for consumption in industries like transportation and steel production. Such developments are important to establish a strong supply chain and ensure the effective delivery of green hydrogen to end users. The development of infrastructure also significantly contributes to the expansion of the green hydrogen market. Investments are being implemented in the development of hydrogen production, storage solutions, and distribution networks. For example, industrial giants have been invested in developing projects to create green hydrogen for consumption in industries such as the transport and production of steel. These developments are important to establish a high supply chain and ensure effective delivery of green hydrogen to end users.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on technology, application, and distribution channel.
Technology Insights:
The report has provided a detailed breakup and analysis of the market based on technology. This includes proton exchange membrane electrolyzer, alkaline electrolyzer, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes power generation, transport, and others.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes pipeline and cargo.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Technologies Covered | Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Others |
Applications Covered | Power Generation, Transport, Others |
Distribution Channels Covered | Pipeline, Cargo |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: