India Green Hydrogen Market Growth – Driven by renewable energy availability, electrolysis advancements, and decarbonization initiatives.

Market growth is fueled by a confluence of policy drivers and economic imperatives. The NGHM's target of 5 Million Metric Tonnes (MMT) per annum of Green Hydrogen production by 2030 is the primary catalyst. This target necessitates an estimated 125 GW of dedicated renewable energy capacity. The Green Hydrogen Policy, with measures like the waiver of Inter-State Transmission System (ISTS) charges for renewable energy used in green hydrogen production, directly addresses cost barriers.

Furthermore, the mandatory push for green hydrogen consumption in core industrial sectors like refining and fertilizers is designed to create initial anchor demand. A crucial element of this growth trajectory is the decline in the cost of electrolyzers, supported by the SIGHT program's Production-Linked Incentive (PLI) scheme. As production scales up and technology costs fall, the market is expected to achieve price parity with conventional grey hydrogen, unlocking massive growth in hard-to-abate sectors and securing India's energy independence.

India Green Hydrogen Market Growth

Q1: What drives market growth in India?
A1: Renewable energy availability, government policies, and industrial decarbonization needs.

Q2: What is the expected growth outlook?
A2: Strong double-digit CAGR is projected as India scales up hydrogen adoption by 2030.

Q3: Which industries will lead adoption?
A3: Fertilizers, steelmaking, refining, and heavy transport.