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This study examines the evolving global green hydrogen economy, driven by the need to decarbonize energy systems, reduce fossil fuel dependence, and enable sustainable industrial growth. With global demand projected to reach 10.5 Mtpa by 2030, key sectors such as steel, transport, and power are likely to be key drivers of adoption. Using a combination of literature review (2019–2025), the PSALSAR framework, and tools like PESTLE, SWOT, policy analysis, and global benchmarking, the study maps global developments and evaluates India’s positioning within this landscape. It identifies countries like China, the USA, Germany, and Japan as frontrunners, while noting persistent challenges such as underdeveloped demand, infrastructure gaps, and financing hurdles. Given India’s rising energy demand and high import dependency, green hydrogen offers a strategic opportunity for energy security and low-carbon growth. The thesis addresses four key objectives: analysing global dynamics, benchmarking India’s progress, assessing internal strengths and risks, and proposing policy directions to boost competitiveness. Overall, the findings suggest that India holds strong potential to emerge as a key player in the global green hydrogen ecosystem, provided it makes timely investments, ensures consistent policy support, and actively engages in international partnerships.
KEYWORDS: Global green hydrogen demand; green hydrogen market; green hydrogen in India; national hydrogen strategies; decarbonisation; electrolyser capacity, market overview.
