India Hydrogen Generator Market report thoroughly covers market by technology. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Hydrogen Generator Market Synopsis
India hydrogen generator market witnessed significant growth during the 2017-2019 period owing to growth in key application sectors such as the refining sector, petrochemical, and edible oil industries. Further, the period witnessed increased adoption of new technologies such as electrolysis and methanol cracking.
COVID-19 pandemic-led measures, lockdowns, and restrictions on international trade resulted in a slight slowdown in the hydrogen generator market due to supply chain disruption as India hydrogen generator market is import driven. However, with upliftment of lockdown restrictions and regulatory measures to revive economic activity, demand for hydrogen generators returned to its growth trajectory in the third quarter of 2020.
According to the publisher, 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's transitions towards carbon-free fuel. Additionally, government institution 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. In addition to that, government initiatives such as the Renewable and Clean Hydrogen Program, Advanced Hydrogen and Fuel Cell Program would further augment the demand for hydrogen generators in the country.
Market by Technology Analysis
In terms of Technology, steam methane reforming hydrogen generator has captured 65.9% of the market revenues in 2020. steam methane reforming hydrogen generator accounted for maximum revenue share in 2020 due to the rise in oil & gas production, and petrochemical production. Further, since major application industries such as refineries, and petrochemical processing were operating during the nationwide lockdown demand for steam methane reforming hydrogen generator held up in India.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
- Key Highlights of the Report
- India Hydrogen Generator Market Overview
- India Hydrogen Generator Market Outlook
- India Hydrogen Generator Market Forecast
- 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.
- Market Drivers and Restraints
- Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Importer List
- Key Potential Customers List
- Government Regulations
- Key Potential Companies List for Mergers and Acquisitions
- Market Opportunity Assessment
- India Hydrogen Generator Market Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Technology
- Ammonia Cracker Hydrogen Generator
- Methanol Cracker Hydrogen Generator
- Steam Methane Reforming Hydrogen Generator
- Electrolysis Hydrogen Generator
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Gastek Engineering Private Limited
- Gaztron Engineering Pvt. Ltd.
- Honeywell International Inc.
- Inox Air Products Inc.
- Linde Engineering India Ltd. Pvt.
- L’Air Liquide S.A.
- Molsieve Designs Limited
- MVS Engineering Pvt. Ltd.
- Nuberg Engineering Ltd
- Praxair India Pvt. Ltd.
- Sam Gas Projects Pvt. Ltd.
