Markntel Advisors’ report, India Renewable Energy Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the India Renewable Energy presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
India Renewable Energy Market Research Report & Market Summary:
The India Renewable Energy Market size was valued at around USD 24 billion in 2024 and is projected to reach USD 37 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2025-30. This growth in the market is attributed to the increasing government efforts to push renewable energy usage for power generation in India. This has resulted in the government launching various schemes, initiatives, and policy implementations such as PM KUSUM yojna, Roof Top Solar Program, PM – Surya Ghar: Muft Bijli Yojna, etc., which are driving the demand for renewable in the country.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/india-renewable-energy-market.html
India Renewable Energy Market Dynamics:
Key Driver-
Government Initiatives & Policies Towards Renewable Energy – India generates most of its electricity from traditional fossil fuels-based energy sources. The production of electricity using fossil fuels consumes a lot of water and generates substantial greenhouse gas emissions, contributing to climate change. The changing global energy dynamics are increasingly causing countries to adopt cleaner energy sources to reduce their emissions. India aims to achieve its net zero emission target of 2070 and thus launched various schemes to promote electricity generation from renewable energy sources. These schemes include the New Solar Power Scheme, with an outlay of around USD 61 million under PM JANMAN to provide electricity to the un-electrified remote households of vulnerable tribal communities in India.
Additionally, schemes like PM KUSUM help farmers with financing for the installation of small standalone solar plants of a capacity of up to 2MW for solar pumps to ensure energy security for farmers. As per MNRE, under Component A of the PM KUSUM, around 300 MW of solar capacity has already been installed, with total sanctioned solar capacity standing at 9,110 MW as of September 2024. Furthermore, the Roof Top Solar (RTS) Programme aims to install a capacity of 40,000 MW worth of grid-connected rooftop solar panels. The RTS program has achieved a total installed rooftop solar capacity of around 11,870 MW by the end of FY24. The government of India plans to achieve a total non-fossil sources capacity of 500,000 MW by 2030, with renewable accounting for nearly 450,000 MW from the current of just over 200,000 MW in 2024 to ensure its energy security is driving the growth in the market.
India Renewable Energy Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Source
- Solar – Market Size & Forecast, 2020-2030, MW
- Wind – Market Size & Forecast, 2020-2030, MW
- Hydro – Market Size & Forecast, 2020-2030, MW
- Others (Biomass, geothermal, etc.) – Market Size & Forecast, 2020-2030, MW
Solar power dominates the India Renewable Energy Market with a market share of over 42.43% in 2024. This is primarily because out of over 200,000 MW of total installed renewable energy capacity of India, 85,470 MW belongs to solar power, as per the Ministry of New and Renewable Energy (MNRE) of India.
By End User
- Residential – Market Size & Forecast, 2020-2030, MW
- Commercial – Market Size & Forecast, 2020-2030, MW
- Industrial – Market Size & Forecast, 2020-2030, MW
By Region
- North & Central India
- South India
- East India
- West India.
West India holds the largest share, around 39%, in the India Renewable Energy Market. This is largely due to the fact that this region has a total installed capacity of approximately 78,733 MW as of October 24, from renewable energy as per National Power Portal.s
As indicated in the latest market research report published by Markntel Advisors, “India Renewable Energy Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the India Renewable Energy industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/india-renewable-energy-market.html
Top Companies Operating in the India Renewable Energy Market:
- NTPC
- Tata Power
- NLC India Limited
- JSW Energy
- Adani Green
- NHPC
- JP Power Ventures
- SJVN
- WAAREE Energies
- Suzlon
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & India Renewable Energy Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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