india hydrogen market forecast and opportunities, 2022 brochure

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Market Intelligence . Consulting India Hydrogen Market By Technology, By Mode, By Application, Competition Forecast & Opportunities, 2012 – 2022

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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

India Hydrogen Market By Technology, By Mode, By Application, Competition

Forecast & Opportunities, 2012 – 2022

2TechSci Research

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. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. 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

6. West India Hydrogen Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Technology

6.2.2. By Mode

6.2.3. By Application

3TechSci Research

Ta b l e o f C o n t e n t s

S. No. Contents

6.2.4. By State

7. North India Hydrogen Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Technology

7.2.2. By Mode

7.2.3. By Application

7.2.4. By State

8. South India Hydrogen Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Technology

8.2.2. By Mode

8.2.3. By Application

8.2.4. By State

9. East India Hydrogen Market Outlook

9.1. Market Size & Forecast

4TechSci Research

Ta b l e o f C o n t e n t s

S. No. Contents

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Technology

9.2.2. By Mode

9.2.3. By Application

9.2.4. By State

10. 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)

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. 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

5TechSci 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

6TechSci Research

P r o d u c t O v e r v i e w

Reformer (SMR/ATR)

Syngas (H2, CO,

CO2, H2O)Shift Reactor(Water-gas

shift H2O, H2, CO, CO2 shift to

H2 & CO2)

Hydrogen

O2 and/or Air Steam

Hydrogen Production Process

Natural Gas/ Fuel Oil

Natural Gas/ Naphtha

Partial Oxidation Gas Clean Up

(H2 & CO2

separation) PSA, physical

absorption e.g. Selexol

➢ 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

7TechSci Research

R e s e a r c h M e t h o d o l o g y

In-depth secondary research was conducted todetermine the market size and market share ofleading companies in India hydrogen market.

Market Profiling

In order to conduct interviews of industryexperts, TechSci Research formulated a detailedquestionnaire.

List of industry players, hydrogen gasmanufacturers, distributors and consumers wasprepared.

Developing List Of RespondentsDeveloping List Of RespondentsDeveloping List Of Respondents

TechSci Research conducted interviews withindustry experts and players for data collectionand verification.

Data Collection

Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.

Data was scrutinized using MS-Excel and statisticaltools such as Time Series Analysis, etc., to obtainqualitative and quantitative insights about theIndia hydrogen market.

Data Analysis

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

A

C

B

Primary Research

Company Analysis

Desk Research

Identifying Key Opinion

Leaders

Questionnaire Design

In-depth Interviews

Market Participants

Key Challenges

Growth Drivers

Recent

Developments

Market Dynamics

Government

Policies

Final Conclusion

TechSci Internal Database

Interviews with Key Opinion Leaders

Company Website Company Annual

Reports White Paper Study Financial Reports Investor Presentations Regulatory Body,

Associations, etc.

Secondary ResearchPrimary Research

Data Validation

Formulating Questionnaire

8TechSci Research

India Hydrogen Market

Optimistic

Likely

D1

D2

D3

Short term Medium term Long term

D1

D2

D3

Short term Medium term Long term

2012

2013

2014

2015

2016

2017E

2018F

2019F

2020F

2021F

2022F

XX% + 4% CAGR

• Qualitative to quantitative conversion

• Assigning weightage to drivers

• Statistical evaluation• Developing the actual

forecast based on both the cases

High MediumDegree of impact

• Market indicators expected to outperform during the forecast period

• Market expected to gain traction with increasing impact of drivers

• Market indicators expected to perform at average level during the forecast period

• Market expected to slow down with decreasing impact of drivers

Forecasting Methodology

XX% CAGR

XX% + 2% CAGR

Low

Conservative

2012

2013

2014

2015

2016

2017E

2018F

2019F

2020F

2021F

2022F

XX% + 4% CAGR

R e s e a r c h M e t h o d o l o g y

9TechSci Research

CONSERVATIVE

LIKELY

OPTIMISTIC

IMPACT OF GROWTH DRIVERS

4.5%

4.6%

4.7%

4.8%

4.4%

4.3%

GROWTH FACTOR

Factor 1

Factor 2

Factor 3

LOW

EXP

ECTE

DH

IGH

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

This scenario is characterized by moderateimpact of economic and market growth factorson India hydrogen market

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

R e s e a r c h M e t h o d o l o g y

10TechSci Research

I n d u s t r y B r i e f

India Hydrogen Market Set To Cross $365 Million by 2022

According to TechSci Research report “India Hydrogen Market By Technology, By Mode, ByApplication, Competition Forecast& Opportunities, 2012 – 2022’’, hydrogen market inIndia is forecast to reach $ 365 million by 2022. In 2016, Gujarat Alkalies and ChemicalsLimited held the largest market share; however, with the announced merger of Linde andPraxair expected to be completed in the coming few years, the new combined entity isanticipated to capture the largest market share in India hydrogen market by 2022. Evolvingtechnologies and rising demand for on-site hydrogen from refineries and chemical andpetrochemical 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, chlor-alkali production and electrolysis of hydrogen. Petroleum refineries also install on-purposehydrogen production facilities to address the growing need for hydro-desulfurization of fuelssuch as diesel and petrol. India hydrogen market is dominated by the captive mode ofconsumption as it is used to produce ammonia and methanol. West India accounts for thelargest share in hydrogen market in the country, due to the presence of refineries and chemicaland 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, whichwould create huge opportunities for investments in the chemical sector, thereby aiding Indiahydrogen market during the forecast period. Growing government regulations towardsdesulfurization of petroleum products and intensifying demand for cleaner fuels are some of theother factors that would positively influence the hydrogen market in India over the course ofnext five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a researchbased global management consulting firm.

11TechSci Research

S a m p l e D a t a - S n a p s h o t

Figure 1: India Hydrogen Market Size, By Value (USD Million), By

Volume (Million Nm3), 2012-2022F

CAGR 2017E – 2022FBy Value: X%

By Volume: X%

CAGR 2012 – 2016By Value: X%

By Volume: X%

160

170

180

190

200

210

220

230

240

250

260

1,2

00

1,3

00

1,4

00

1,5

00

1,6

00

1,7

00

1,8

00

1,9

00

2,0

00

2,1

00

2,2

00

2012 2013 2014 2015 2016 2017E2018F2019F2020F2021F2022F

Value (USD Million) Volume (Million Nm)3

100.0

0

100.0

0

100.0

0

100.0

0

100.0

0

200.0

0

200.0

0

200.0

0

200.0

0

200.0

0

300.0

0

300.0

0

300.0

0

300.0

0

300.0

0

2012-13 2013-14 2014-15 2015-16 2016-17

Methanol Hydrogen Peroxide Caustic Soda

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

40.00% 40.00% 40.00% 40.00% 40.00% 40.00%

60.00% 60.00% 60.00% 60.00% 60.00% 60.00%

FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

Service Sector Manufacturing Sector

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

3236

4044

FY2015 FY2016 FY2017 FY2018E

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

Formaldehyde, 15%

MTBE, 15%

Pharma, 15%Acetic Acid, 15%

DMT, 25%

Others, 15%

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

25 25

5 5

FY2015 FY2016

Chemical Electronics

Figure 8: India Chemicals and Electronics Exports,

By Value, FY2015 & FY2016 (USD Billion)

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

12TechSci Research

R e p o r t O r d e r i n g

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Electronic Access - Single User License $2500

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Report Price

To View Sample OR Purchase Report

Report Name: India Hydrogen Market By Technology, By Mode, By Application,

Competition Forecast & Opportunities, 2012 – 2022

13TechSci Research

A b o u t U s & D i s c l a i m e r

TechSci Research – North America

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New York, United States

Tel: +1- 646- 360- 1656

Email: [email protected]

www.techsciresearch.com

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 istimely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources includingwhich it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it isnot 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 liabilitywhatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figuresprovided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other thaninternal will require prior approval of TechSci Research.

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