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Demand for hydrogen to increase at 3% CAGR till 2032: Report
Financial Express Kolkata
|July 09, 2025
INDIA'S HYDROGEN DEMAND is expected to rise at a compound annual growth rate (CAGR) of 3% to 8.8 million tonne per annum (MTPA) by 2032, according to a report released by India Energy Storage Alliance (IESA) on Tuesday.
The report, unveiled on the first day of the India Energy Storage Week 2025 here, said that despite announcements of green hydrogen projects of over 9 MTPA capacity, few projects in India have reached the final investment decision or secured long-term off
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