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
2 TechSci Research
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
8 TechSci Research
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
Report Ordering
Report Name: India Hydrogen Market By Technology, By Mode, By Application, Competition Forecast & Opportunities, 2012 – 2022
Report Price License Type
Price
Electronic Access - Single User License
$2500
CD-ROM Mail Delivery
$3000
Hard Copy Mail Delivery
$3500
Electronic Access - Multi-User License
$5000
To View Sample OR Purchase Report
12 TechSci Research
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.
Related Reports China Industrial & Specialty Gases Market Competition Forecast & Opportunities, 2021 Saudi Arabia Industrial Gases Market Forecast and Opportunities, 2021 Saudi Arabia Oil Field Equipment Rental Market Forecast and Opportunities, 2021
Partial List of Clients
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.
TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Asia-Pacific B - 44, Sector -57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com
13 TechSci Research