India hydrogen market forecast and opportunities, 2022 brochure

India Hydrogen Market By Technology,

By Mode, By Application, Competition Forecast & Opportunities, 2012 – 2022

Market Intelligence . Consulting

Ta b l e o f C o n t e n t s S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

India Hydrogen Market Demand Supply Analysis

5.

India Hydrogen Market Outlook 5.1.

5.2.

6.

Market Size & Forecast 5.1.1.

By Value

5.1.2.

By Volume

Market Share & Forecast 5.2.1.

By Technology (Steam Methane Reforming Vs. Membrane Cell Technology)

5.2.2.

By Mode (Captive Vs. Merchant)

5.2.3.

By Application (Petroleum Refinery, Ammonia Cracking, Chemical & Petrochemical and Others)

5.2.4.

By Region (West, North, South and East)

5.2.5.

By Company

West India Hydrogen Market Outlook 6.1.

6.2.

Market Size & Forecast 6.1.1.

By Value

6.1.2.

By Volume

Market Share & Forecast 6.2.1.

By Technology

6.2.2.

By Mode

6.2.3.

By Application

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Ta b l e o f C o n t e n t s S. No.

Contents 6.2.4.

7.

North India Hydrogen Market Outlook 7.1.

7.2.

8.

Market Size & Forecast 7.1.1.

By Value

7.1.2.

By Volume

Market Share & Forecast 7.2.1.

By Technology

7.2.2.

By Mode

7.2.3.

By Application

7.2.4.

By State

South India Hydrogen Market Outlook

8.1.

8.2.

9.

By State

Market Size & Forecast 8.1.1.

By Value

8.1.2.

By Volume

Market Share & Forecast 8.2.1.

By Technology

8.2.2.

By Mode

8.2.3.

By Application

8.2.4.

By State

East India Hydrogen Market Outlook 9.1.

Market Size & Forecast

3 TechSci Research

Ta b l e o f C o n t e n t s S. No.

Contents

9.2.

10.

11.

12.

9.1.1.

By Value

9.1.2.

By Volume

Market Share & Forecast 9.2.1.

By Technology

9.2.2.

By Mode

9.2.3.

By Application

9.2.4.

By State

India Hydrogen Market Attractiveness Index 10.1.

By Technology (Steam Methane Reforming Vs. Membrane Cell Technology)

10.2.

By Application (Petroleum Refinery, Ammonia Cracking, Chemical & Petrochemical and Others)

10.3.

By Region (West, North, South and East)

Market Dynamics 11.1.

Drivers

11.2.

Challenges

Market Trends & Developments 12.1.

Development of Hydrogen Fuel Cell Technology for Electricity Production

12.2.

Evolving Artificial Leaf Technology for Hydrogen Generation

12.3.

Rising Demand for On-site and Captive Hydrogen Production

12.4.

Increasing Mergers & Acquisitions

12.5.

Surging Demand for Chemicals

12.6.

Likely Recovery of Hydrogen from Coke Oven Gas Based Methanol Plants

13.

India Economic Profile

14.

Value Chain Analysis

4 TechSci Research

Ta b l e o f C o n t e n t s S. No.

Contents

15.

Pricing Analysis

16.

Trade Dynamics

17.

List of Major Customers

18.

List of Major Channel Partners

19.

Competitive Landscape 19.1.

Competitive Benchmarking

19.2.

Company Profiles 19.2.1.

Gujarat Alkalies and Chemicals Limited

19.2.2.

Praxair India Private Limited

19.2.3.

Aditya Birla Chemicals (India) Ltd.

19.2.4.

Linde India Limited

19.2.5.

INOX Air Products

19.2.6.

Bhuruka Gases Limited

19.2.7.

Air Liquide India

19.2.8.

DCW Limited (DCW)

19.2.9.

TATA Chemicals Limited

19.2.10.

GHCL Limited

20.

Strategic Recommendations

21.

About Us & Disclaimer

5 TechSci Research

Product Overview ➢ Hydrogen is a chemical element that is rarely available in a naturally free state. Hydrogen gas is colorless, odorless, tasteless and non-toxic. In India, hydrogen is mainly produced using Steam Methane Reforming and Membrane Cell Technology. ➢ A large share of hydrogen produced in India is by Steam Methane Reforming. In this process, a high temperature steam under the range, 700°C–1,000°C, is used to produce hydrogen from methane source, such as natural gas. Methane reacts

with steam under 3-25 bar pressure in the presence of a catalyst to produce hydrogen and other by-products. ➢ Hydrogen Specification: • Carbon-free • Lighter than air • Clean

• • •

Odorless Non-toxic Safe to produce, store and transport

Hydrogen Production Process Natural Gas/ Fuel Oil

Partial Oxidation

Natural Gas/ Naphtha

Reformer (SMR/ATR) O2 and/or Air Steam

Syngas (H2, CO, CO2, H2O)

Shift Reactor (Water-gas shift H2O, H2, CO, CO2 shift to H2 & CO2)

Gas Clean Up (H2 & CO2 separation) PSA, physical absorption e.g.

Selexol

Hydrogen 6 TechSci Research

Research Methodology Market Profiling In-depth secondary research was conducted to determine the market size and market share of leading companies in India hydrogen market.

Data Collection

Data Filter & Analysis

Research & Intelligence

Actionable Insights

Business Solution

Formulating Questionnaire In order to conduct interviews of industry experts, TechSci Research formulated a detailed questionnaire.

Developing List Of Respondents



Identifying Key Opinion Leaders

 

Questionnaire Design In-depth Interviews

A Primary Research

List of industry players, hydrogen gas manufacturers, distributors and consumers was prepared.

Recent Developments

 Market Dynamics B  Government Desk Policies Research

Data Collection TechSci Research conducted interviews with industry experts and players for data collection and verification.





Market Participants

 

Key Challenges Growth Drivers

C Company Analysis



Final Conclusion

Data Validation Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Data Analysis Data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about the India hydrogen market.

Primary Research

 TechSci Internal Database  Interviews with Key Opinion Leaders

Secondary Research  Company Website  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body, Associations, etc.

7 TechSci Research

Research Methodology

Short term

Optimistic D1

Short term

Medium term

2022F

2021F

2020F

2019F

2018F

2016

2017E

• Qualitative to quantitative conversion • Assigning weightage to drivers • Statistical evaluation • Developing the actual forecast based on both the cases

Conservative • Market indicators expected to perform at average level during the forecast period • Market expected to slow down with decreasing impact of drivers

2015

D3

2014

D2

XX% CAGR

Long term

XX% + 2% CAGR

D1

XX% + 4% CAGR

D2

Degree of impact

High

Medium

2022F

2021F

2020F

2019F

2018F

2017E

2016

2015

2014

D3 2013

Likely

2012

India Hydrogen Market

XX% + 4% CAGR

2013

• Market indicators expected to outperform during the forecast period • Market expected to gain traction with increasing impact of drivers

Long term

2012

Forecasting Methodology

Medium term

Low

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Research Methodology

OPTIMISTIC

HIGH

4.8%

LIKELY 4.6%

4.5%

Factor 2

EXPECTED

Factor 1

4.7%

This scenario is characterized by moderate impact of economic and market growth factors on India hydrogen market

CONSERVATIVE

4.4%

4.3%

LOW

GROWTH FACTOR

This scenario is characterized by higher impact of economic and market growth factors on India hydrogen market

In this scenario impact of economic as well as market growth factors is comparatively very low on India hydrogen market

Factor 3

IMPACT OF GROWTH DRIVERS

9 TechSci Research

Industry Brief

India Hydrogen Market Set To Cross $365 Million by 2022 According to TechSci Research report “India Hydrogen Market By Technology, By Mode, By Application, Competition Forecast& Opportunities, 2012 – 2022’’, hydrogen market in India is forecast to reach $ 365 million by 2022. In 2016, Gujarat Alkalies and Chemicals Limited held the largest market share; however, with the announced merger of Linde and Praxair expected to be completed in the coming few years, the new combined entity is anticipated to capture the largest market share in India hydrogen market by 2022. Evolving technologies and rising demand for on-site hydrogen from refineries and chemical and petrochemical plants is likely to aid Linde-Praxair’s dominating market position.

In India, major sources of hydrogen include steam reforming of naphtha and natural gas, chloralkali production and electrolysis of hydrogen. Petroleum refineries also install on-purpose hydrogen production facilities to address the growing need for hydro-desulfurization of fuels such as diesel and petrol. India hydrogen market is dominated by the captive mode of consumption as it is used to produce ammonia and methanol. West India accounts for the largest share in hydrogen market in the country, due to the presence of refineries and chemical and petrochemical companies such as Reliance Industries, Essar Oil, Indian Oil Corporation, Grasim Industries, Tata Chemicals and others in the region.

“Growing economy is expected to give a boost to chemical consumption in the country, which would create huge opportunities for investments in the chemical sector, thereby aiding India hydrogen market during the forecast period. Growing government regulations towards desulfurization of petroleum products and intensifying demand for cleaner fuels are some of the other factors that would positively influence the hydrogen market in India over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

10 TechSci Research

Sample Data-Snapshot Figure 1: India Hydrogen Market Size, By Value (USD Million), By

260

2012-13 2013-14 2014-15 Methanol Hydrogen Peroxide

300.00

200.00

100.00

300.00

200.00

100.00

300.00

200.00

100.00

300.00

200.00

100.00

300.00

200.00

100.00

2,100 250

2,000 240

1,800 220

1,700 210

1,600 200

1,500 190

1,400 180

1,300 170

1,200

2012 2013 2014 2015 2016

2,200

CAGR 2017E – 2022F

By Value: X%

By Volume: X%

CAGR 2012 – 2016

By Value: X%

By Volume: X%

160

Figure 2: India Production of Major Chemicals, FY2013-FY2017 (‘000 MT)

2012-2022F

1,900

Volume (Million

230

Nm3),

2015-16 2016-17 Caustic Soda

2017E2018F2019F2020F2021F2022F

Value (USD Million)

Figure 7: Sector Wise usage of Methanol in India, 2016

3

Volume (Million Nm)

Figure 3: India Service & Manufacturing Sector Contribution to GDP, FY2012-FY2017

Others, 15%

Formaldehyde, 15% MTBE, 15%

60.00%

60.00%

60.00%

60.00%

60.00%

60.00%

40.00%

40.00%

40.00%

40.00%

40.00%

40.00%

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

Service Sector

DMT, 25%

Acetic Acid, 15%

Pharma, 15%

Manufacturing Sector Figure 8: India Chemicals and Electronics Exports,

Figure 5: Aggregate Petrochemical Demand in India, FY2015-FY2018E (MMT) 32

FY2015

36

FY2016

40

FY2017

By Value, FY2015 & FY2016 (USD Billion)

44

FY2018E

5

5

25

25

FY2015

FY2016

Chemical

Electronics

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

11 TechSci Research

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Report Name: India Hydrogen Market By Technology, By Mode, By Application, Competition Forecast & Opportunities, 2012 – 2022

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Price

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$2500

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$3000

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$3500

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To View Sample OR Purchase Report

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About Us & Disclaimer About Us : TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer : The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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