India Green Hydrogen Market (2025-2031) | Share, Value, Revenue, Outlook ,Growth, Analysis, Industry, Forecast, Companies, Trends & Size

India Green Hydrogen Market Growth Rate

According to 6Wresearch internal database and industry insights, the India Green Hydrogen Market is projected to grow at a compound annual growth rate (CAGR) of 13% during the forecast period (2025–2031).

India Green Hydrogen Market Highlights

Five-Year Growth Trajectory of the India Green Hydrogen Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the India Green Hydrogen Market Report

The India Green Hydrogen Market report thoroughly covers the market by technology, renewable source, and end-use industry. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will help stakeholders devise and align strategies according to current and future market dynamics.

India Green Hydrogen Market Synopsis

The India Green Hydrogen Market is expected to grow continuously, driven by the government rising emphasis on decarbonization, renewable energy integration, and sustainable power systems. Expanding applications of hydrogen in industrial operations, mobility, and electricity generation are fueling demand. Increasing investments in electrolyzer manufacturing and renewable infrastructure, along with India pursuit of energy self-reliance through the National Green Hydrogen Mission, are key factors supporting market expansion across both public and private sectors, enhancing the nation clean energy transition.

Evaluation of Growth Drivers in the India Green Hydrogen Market

Below mentioned are some prominent drivers and their influence on the India Green Hydrogen Market dynamics:

India Green Hydrogen Market is expected to grow steadily at 13% CAGR between 2025 and 2031. The Growth of the market is primarily fueled by the rapid deployment of large-scale renewable energy projects and the development of hydrogen hubs across key industrial regions. India Green Hydrogen Market Growth is further supported by the growing demand for low-carbon fuels in refining, chemical, and steel sectors. Strong government support, expanding infrastructure, and increasing private sector involvement are boosting India green hydrogen capacity and innovation. These advancements are accelerating market growth further and positioning the nation as a global frontrunner in clean hydrogen production.

Evaluation of Restraints in the India Green Hydrogen Market

Below mentioned are some major restraints and their influence on the India Green Hydrogen Market dynamics:

India Green Hydrogen Market Challenges

The India Green Hydrogen Industry is primarily driven by large-scale renewable energy deployment and the creation of hydrogen hubs across major industrial zones. Increasing demand for low-carbon fuels in refining, steel, and chemical sectors is accelerating market growth. Nevertheless, strong government incentives, infrastructure investments, and active public-private collaborations are fostering technological innovation and production efficiency, ensuring consistent market expansion and positioning India as a global leader in clean hydrogen development and sustainable energy transformation.

India Green Hydrogen Market Trends

Several significant trends are impacting the India Green Hydrogen Industry:

• Manufacturing electrolyzers closer to home: Manufacturers in India are focusing on setting up domestic electrolyzer production units to cut import reliance and lower overall expenses.
• Hydrogen as an industrial feedstock: The use of hydrogen in the steel, refining and ammonia sectors are growing as industries attempt to mitigate carbon intensity.
• Hybrid renewable projects for hydrogen production: Wind and solar hybrid projects can provide constant electricity to efficiently power electrolyzers.
• Public-private partnerships: Partnerships between PSUs and private energy companies are driving faster technology development and promoting large-scale commercialization in the green hydrogen sector.
• Developing export hubs: Ports such as Kandla and Paradip are being developed as hydrogen and ammonia export hubs.

Investment Opportunities in the India Green Hydrogen Industry

Some of the notable investment opportunities are:

• Electrolyzer Manufacturing Sites: Establishment of large-scale manufacturing sites under the SIGHT program to reduce costs.
• Green Ammonia Production: Ammonia units would fit neatly into a sector with an export focus, generating energy carriers when wet.
• Mobility Solutions for Hydrogen Fuel Cells: Expansion of hydrogen mobility through investment in hydrogen fuel cell vehicle infrastructure and hydrogen fueling.
• Pipelines and Storage: Development of hydrogen transport pipelines and more extensive hydrogen storage systems.
• Research related to the safety of hydrogen and hydrogen storage materials: Development and utilization of storage methods and leak detection technologies for safe hydrogen storage and high efficiency.

Top 5 Leading Players in the India Green Hydrogen Market

Below is the list of prominent companies leading in the India Green Hydrogen Market Share:

1. Reliance New Energy Ltd.

Reliance New Energy Ltd. is spearheading India’s transition to clean energy through gigawatt-scale electrolyzer and fuel cell production facilities. As part of Reliance Industries’ Net Carbon Zero strategy, the company focuses on creating an integrated ecosystem for green hydrogen generation, storage, and mobility applications.

2. Adani New Industries Ltd. (ANIL)

Adani New Industries Ltd. (ANIL) is a key player in India’s green hydrogen revolution, focusing on renewable-powered hydrogen production, large-scale storage, and green ammonia exports. Backed by the Adani Group’s infrastructure capabilities, ANIL is establishing integrated hydrogen value chains for industrial and export applications.

3. NTPC Green Energy Ltd.

NTPC Green Energy Ltd., a subsidiary of NTPC Limited, leads India’s public-sector initiatives in renewable hydrogen projects, including hydrogen blending in natural gas grids, fuel cell-based mobility, and green hydrogen generation from solar and wind assets. It plays a pivotal role in advancing India’s decarbonization roadmap.

4. Larsen & Toubro (L&T)

Larsen & Toubro (L&T) combines its engineering and EPC expertise to deliver end-to-end solutions for green hydrogen production and storage infrastructure. The company also manufactures electrolyzer systems and partners with global technology providers to accelerate hydrogen adoption across industrial sectors.

5. ReNew Power Pvt. Ltd.

ReNew Power Pvt. Ltd. is one of India’s largest renewable energy companies, developing integrated green hydrogen projects powered by solar and wind hybrid systems. The company aims to supply industrial users and export markets with clean hydrogen solutions, reinforcing India’s position in the global green energy supply chain.

Government Regulations Introduced in the India Green Hydrogen Market

According to Indian Government data, the National Green Hydrogen Mission (2023) aims to produce 5 million metric tonnes per annum by 2030, supported by an allocation of ₹19,744 crore. The SIGHT Scheme incentivizes electrolyzer manufacturing and green hydrogen production, while the Ministry of New and Renewable Energy (MNRE) ensures open access to renewable power under the Green Hydrogen Policy. Initiatives such as the NTPC Hydrogen Blending Pilot and the Green Hydrogen Corridors Project are strengthening national infrastructure. Furthermore, the Ministry of Power’s Renewable Purchase Obligations (RPOs) encourage industries to replace fossil fuels with hydrogen, supporting India’s long-term goals of decarbonization and energy sustainability.

Future Insights of the India Green Hydrogen Market

The India Green Hydrogen Market is projected to grow steadily as industries shift towards low-carbon technologies. The rise of domestic electrolyzer manufacturing, hydrogen fuel cell research, and emerging export opportunities are expected to propel growth. Continued government-backed policy support, renewable energy integration, and infrastructure investments will position India as a leader in global hydrogen production. These factors will enhance affordability, scalability, and system reliability, further enabling India’s transition to a clean, green, and resilient energy ecosystem.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories.

By Technology – Alkaline Electrolysis to Dominate the Market

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Alkaline Electrolysis technology is expected to dominate the India Green Hydrogen Market due to its cost-effectiveness, commercial maturity, and scalability. Its lower capital expenditure and operational reliability make it well-suited for industrial-scale hydrogen production in both energy and manufacturing sectors.

By Renewable Source – Hybrid of Wind & Solar to Lead the Market

A Hybrid of Wind & Solar energy sources is projected to lead this segment, as it enables continuous hydrogen production by balancing power intermittency and improving electrolyzer utilization efficiency. This hybrid approach ensures round-the-clock operations, making it ideal for large-scale hydrogen hubs and export-oriented projects.

By End Use Industry – Chemical Industry to Dominate the Market

The Chemical Industry dominates the end-use segment, primarily due to its high hydrogen demand in ammonia, methanol, and refining applications. The transition to green hydrogen significantly reduces carbon intensity and aligns with India’s net-zero targets, creating new export opportunities for sustainable chemicals and green ammonia.

Key Attractiveness of the Report

• 10 Years of Market Numbers
• Historical Data (2021–2024)
• Base Year: 2024
• Forecast Data: 2025–2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• India Green Hydrogen Market Outlook
• Market Size of India Green Hydrogen Market, 2024
• Forecast of India Green Hydrogen Market, 2031
• Historical Data and Forecast of India Green Hydrogen Revenues & Volume for the Period 2021-2031
• India Green Hydrogen Market Trend Evolution
• India Green Hydrogen Market Drivers and Challenges
• India Green Hydrogen Price Trends
• India Green Hydrogen Porter's Five Forces
• India Green Hydrogen Industry Life Cycle
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Technology for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Alkaline for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By PEM for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Renewable Source for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Wind for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Solar for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Geothermal for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Hydropower for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Hybrid of Wind & Solar for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By End Use Industry for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Mobility for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Power for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Chemical for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Industrial for the Period 2021-2031
• Historical Data and Forecast of India Green Hydrogen Market Revenues & Volume By Grid Injection for the Period 2021-2031
• India Green Hydrogen Import Export Trade Statistics
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Renewable Source
• Market Opportunity Assessment By End Use Industry
• India Green Hydrogen Top Companies Market Share
• India Green Hydrogen Competitive Benchmarking By Technical and Operational Parameters
• India Green Hydrogen Company Profiles
• India Green Hydrogen Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Technology

• Alkaline
• PEM

By Renewable Source

• Wind
• Solar
• Geothermal
• Hydropower
• Hybrid of Wind & Solar

By End Use Industry

• Mobility
• Power
• Chemical
• Industrial
• Grid Injection