Global Market Research Company US India Hydrogen Market Forecast and Opportunities, | Page 8

Research Methodology Short term Optimistic D1 Short term Medium term • Qualitative to quantitative conversion • Assigning weightage to drivers • Statistical evaluation • Developing the actual forecast based on both the cases Conservative • Market indicators expected to perform at average level during the forecast period • Market expected to slow down with decreasing impact of drivers D3 D2 XX% CAGR Long term XX% + 2% CAGR D1 XX% + 4% CAGR D2 Degree of impact High Medium D3 Likely India Hydrogen Market XX% + 4% CAGR • Market indicators expected to outperform during the forecast period • Market expected to gain traction with increasing impact of drivers Long term Forecasting Methodology Medium term Low 8 TechSci Research