India Hydrogen Alliance (IH2A) has published a Hydrogen Equipment Manufacturing and Services report that estimates the addressable market for Indian-manufactured hydrogen equipment to be worth USD 45-50 bn by 2030. This market assessment includes all hydrogen production plant equipment, including electrolyser and balance-of-plant equipment, that can be deployed in India, and exported from India to the Asia, Middle East and Africa region, building India as a supply chain hub for future green hydrogen projects.
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IH2A India Green Hydrogen Equipment and Services Market Opportunity 2030 - White Paper - Oct 2023