Product Code: ETC4519645 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India electrolyzers market import shipment depicted a robust upward trajectory from 2020 to 2024, with a notable CAGR of 24.9%. Momentum accelerated further between 2023 and 2024, showcasing a growth rate of 33.7%. The market exhibited significant expansion, indicating a strong and sustained growth trend during the period.
Electrolyzers play a crucial role in the production of hydrogen, which is gaining attention as a clean and sustainable energy carrier. The India electrolyzers market is growing, driven by the country`s efforts to explore hydrogen as an alternative energy source for various applications, including fuel cells, industrial processes, and energy storage. As the world shifts towards cleaner energy solutions, electrolyzers are becoming integral in the hydrogen production landscape.
The India Electrolyzers market is primarily driven by the growth of the hydrogen economy. Electrolyzers are essential for hydrogen production, which is gaining importance as a clean energy carrier. The government`s focus on renewable hydrogen production and initiatives for green hydrogen are contributing to the market`s growth. Additionally, hydrogen`s potential as a fuel for various sectors, including transportation and industry, is a significant driver.
Challenges include addressing the energy efficiency of electrolysis processes, availability of renewable energy for hydrogen production, and infrastructure development for hydrogen storage and distribution.
The India Electrolyzers market, like many other sectors, faced challenges during the COVID-19 pandemic. The supply chain disruptions and labor shortages affected the production and deployment of electrolyzers. However, the pandemic also emphasized the need for clean and renewable energy sources, driving a renewed interest in hydrogen production through electrolysis. The government`s push for green hydrogen and increased investment in renewable energy projects have paved the way for the recovery of the electrolyzer market. It is expected that the India Electrolyzers market will continue to grow as the country focuses on green hydrogen production and renewable energy integration in the post-pandemic era.
Major companies involved in India electrolyzers market include Nel Hydrogen, Siemens Energy, ITM Power, Green Hydrogen Systems, and Enapter.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electrolyzers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electrolyzers Market Revenues & Volume, 2021 & 2031F |
3.3 India Electrolyzers Market - Industry Life Cycle |
3.4 India Electrolyzers Market - Porter's Five Forces |
3.5 India Electrolyzers Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Electrolyzers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Electrolyzers Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 India Electrolyzers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and investments in renewable energy projects, promoting the adoption of electrolyzers for hydrogen production. |
4.2.2 Growing demand for green hydrogen as a clean energy source for various industrial applications. |
4.2.3 Technological advancements leading to improved efficiency and cost-effectiveness of electrolyzers. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up electrolyzer production and infrastructure. |
4.3.2 Lack of widespread awareness and understanding of the benefits of green hydrogen and electrolyzers. |
4.3.3 Limited availability of skilled workforce and expertise in electrolyzer technology. |
5 India Electrolyzers Market Trends |
6 India Electrolyzers Market, By Types |
6.1 India Electrolyzers Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Electrolyzers Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Electrolyzers Market Revenues & Volume, By Alkaline Electrolyzer (AE), 2021-2031F |
6.1.4 India Electrolyzers Market Revenues & Volume, By Proton Exchange Membrane, 2021-2031F |
6.1.5 India Electrolyzers Market Revenues & Volume, By Solid Oxide Electrolyzer (SOE), 2021-2031F |
6.1.6 India Electrolyzers Market Revenues & Volume, By Anion Exchange Membrane, 2021-2031F |
6.2 India Electrolyzers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Electrolyzers Market Revenues & Volume, By Energy, 2021-2031F |
6.2.3 India Electrolyzers Market Revenues & Volume, By Mobility, 2021-2031F |
6.2.4 India Electrolyzers Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 India Electrolyzers Market Revenues & Volume, By Grid Injection, 2021-2031F |
6.3 India Electrolyzers Market, By Power Rating |
6.3.1 Overview and Analysis |
6.3.2 India Electrolyzers Market Revenues & Volume, By <500 KW, 2021-2031F |
6.3.3 India Electrolyzers Market Revenues & Volume, By 500-2,000 KW, 2021-2031F |
6.3.4 India Electrolyzers Market Revenues & Volume, By >2,000 KW, 2021-2031F |
7 India Electrolyzers Market Import-Export Trade Statistics |
7.1 India Electrolyzers Market Export to Major Countries |
7.2 India Electrolyzers Market Imports from Major Countries |
8 India Electrolyzers Market Key Performance Indicators |
8.1 Electrolyzer capacity utilization rate: Measure the efficiency of electrolyzer operation and production output. |
8.2 Electrolyzer efficiency improvement rate: Track improvements in the efficiency of electrolyzers over time. |
8.3 Number of partnerships and collaborations in the electrolyzer market: Reflects the growth potential and market expansion through strategic alliances. |
8.4 Research and development investment in electrolyzer technology: Indicates the focus on innovation and technological advancements in the market. |
8.5 Adoption rate of green hydrogen technologies in key industries: Shows the acceptance and integration of electrolyzers for green hydrogen production. |
9 India Electrolyzers Market - Opportunity Assessment |
9.1 India Electrolyzers Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Electrolyzers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Electrolyzers Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 India Electrolyzers Market - Competitive Landscape |
10.1 India Electrolyzers Market Revenue Share, By Companies, 2024 |
10.2 India Electrolyzers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |