The India Hydrogen Alliance (IH2A) predicts that the domestic hydrogen equipment manufacturing and services market will reach $45-50 billion by 2030. This includes all equipment for hydrogen production plants that can be used in India and exported to other countries. IH2A believes this will help establish India as a supply chain hub for future green hydrogen projects. The report also forecasts a regional exports market worth $36 billion and a domestic equipment market size of $9-13.5 billion over the next seven years. Electrolysers stacks will account for 34% of the market, balance-of-plant equipment for 62%, and specialist engineering services for 4%.
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