PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1909290
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1909290
India Green Hydrogen Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2026 - 2032)
The India green hydrogen market is witnessing strong growth as the country accelerates its clean energy transition and focuses on decarbonizing hard-to-abate sectors. The market is valued at USD 6.5 billion in 2025 and is projected to reach USD 13.7 billion by 2032, growing at a CAGR of 11.5% during the study period from 2019 to 2032. Increasing emphasis on energy security, carbon reduction commitments, and diversification of the energy mix is driving sustained market expansion.
Green hydrogen is emerging as a key enabler of India's long-term sustainability goals, with applications across industrial processes, power generation, mobility, and energy storage. Growing investments in renewable power capacity, electrolyzer deployment, and hydrogen infrastructure are strengthening market development. Supportive policy frameworks, national hydrogen initiatives, and rising participation from public and private stakeholders are further reinforcing market momentum.
Gujarat represents the largest state-level market, supported by strong industrial demand, extensive renewable energy capacity, and early adoption of hydrogen-related projects, while Andhra Pradesh is emerging as the fastest-growing state due to increasing renewable investments, infrastructure development, and growing focus on green hydrogen production and export potential. As India advances toward a low-carbon economy, the green hydrogen market is expected to maintain steady growth throughout the forecast period.
Key Insights
The India green hydrogen market is valued at USD 6.5 billion in 2025 and is expected to reach USD 13.7 billion by 2032, reflecting strong long-term growth driven by clean energy adoption.
The market is projected to grow at a CAGR of 11.5% during 2019-2032, supported by rising decarbonization initiatives and energy transition strategies.
Increasing demand for low-carbon energy solutions is strengthening adoption of green hydrogen across multiple sectors.
Gujarat accounts for the largest share of the market, driven by strong industrial presence and high renewable energy capacity.
Andhra Pradesh is the fastest-growing state, supported by expanding renewable infrastructure and growing focus on hydrogen projects.
Rising investment in electrolyzer capacity and renewable power integration is supporting market expansion.
Adoption of green hydrogen in industrial applications is contributing to emission reduction efforts.
Government initiatives promoting clean hydrogen production are reinforcing long-term market development.
Growing interest in hydrogen-based energy storage and mobility solutions is expanding application potential.
Continued investment in renewable energy, hydrogen infrastructure, and policy support is expected to sustain long-term growth in the India green hydrogen market.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Alkaline Electrolysis
- 1.4.2. Market Size Breakdown, by Polymer Electrolyte Membrane (PEM) Electrolysis
- 1.4.3. Market Size Breakdown, by Solid-Oxide Electrolyzer Cell (SOEC)
- 1.4.4. Market Size Breakdown, by Distribution Channel
- 1.4.5. Market Size Breakdown, by Renewable Energy Source
- 1.4.6. Market Size Breakdown, by End Use
- 1.5. Market Data Reporting Unit
- 1.5.1. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Sociopolitical Impact
- 5.4. Porter's Five Forces Analysis
- 5.4.1. Bargaining Power of Buyers
- 5.4.2. Bargaining Power of Suppliers
- 5.4.3. Threat of New Entrants
- 5.4.4. Intensity of Rivalry
- 5.4.5. Threat of Substitutes
- 5.5. Lifecycle Analysis
- 5.6. Innovation and Technology Trends
- 5.7. Economic and Regulatory Impact
- 5.8. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Market Share of Key Players (2025)
- 6.3. Competitive Benchmarking of Key Players
- 6.4. Product Benchmarking of Key Players
- 6.5. Recent Strategic Developments by Key Players
- 6.6. Company Leadership Matrix
Chapter 7. Gujarat Market
- 7.1. Overview
- 7.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 7.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 7.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 7.5. Market Revenue, by Distribution Channel (2019-2032)
- 7.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 7.7. Market Revenue, by End Use (2019-2032)
- 7.8. Market Revenue, by Country (2019-2032)
Chapter 8. Andhra Pradesh Market
- 8.1. Overview
- 8.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 8.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 8.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 8.5. Market Revenue, by Distribution Channel (2019-2032)
- 8.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 8.7. Market Revenue, by End Use (2019-2032)
- 8.8. Market Revenue, by Country (2019-2032)
Chapter 9. Rajasthan Market
- 9.1. Overview
- 9.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 9.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 9.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 9.5. Market Revenue, by Distribution Channel (2019-2032)
- 9.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 9.7. Market Revenue, by End Use (2019-2032)
- 9.8. Market Revenue, by Country (2019-2032)
Chapter 10. Tamil Nadu Market
- 10.1. Overview
- 10.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 10.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 10.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 10.5. Market Revenue, by Distribution Channel (2019-2032)
- 10.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 10.7. Market Revenue, by End Use (2019-2032)
- 10.8. Market Revenue, by Country (2019-2032)
Chapter 11. Maharashtra Market
- 11.1. Overview
- 11.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 11.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 11.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 11.5. Market Revenue, by Distribution Channel (2019-2032)
- 11.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 11.7. Market Revenue, by End Use (2019-2032)
- 11.8. Market Revenue, by Country (2019-2032)
Chapter 12. Karnataka Market
- 12.1. Overview
- 12.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 12.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 12.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 12.5. Market Revenue, by Distribution Channel (2019-2032)
- 12.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 12.7. Market Revenue, by End Use (2019-2032)
- 12.8. Market Revenue, by Country (2019-2032)
Chapter 13. Odisha Market
- 13.1. Overview
- 13.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 13.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 13.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 13.5. Market Revenue, by Distribution Channel (2019-2032)
- 13.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 13.7. Market Revenue, by End Use (2019-2032)
- 13.8. Market Revenue, by Country (2019-2032)
Chapter 14. Madhya Pradesh Market
- 14.1. Overview
- 14.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 14.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 14.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 14.5. Market Revenue, by Distribution Channel (2019-2032)
- 14.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 14.7. Market Revenue, by End Use (2019-2032)
- 14.8. Market Revenue, by Country (2019-2032)
Chapter 15. Uttar Pradesh Market
- 15.1. Overview
- 15.2. Market Revenue, by Alkaline Electrolysis (2019-2032)
- 15.3. Market Revenue, by Polymer Electrolyte Membrane (PEM) Electrolysis (2019-2032)
- 15.4. Market Revenue, by Solid-Oxide Electrolyzer Cell (SOEC) (2019-2032)
- 15.5. Market Revenue, by Distribution Channel (2019-2032)
- 15.6. Market Revenue, by Renewable Energy Source (2019-2032)
- 15.7. Market Revenue, by End Use (2019-2032)
- 15.8. Market Revenue, by Country (2019-2032)
Chapter 16. Company Profiles
Chapter 17. Appendix
- 17.1. Sources and References
- 17.2. Related Reports
