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India Renewable Energy Market Research Report: Forecast (2025-2030)

India Renewable Energy Market Report - By Source (Solar, Wind, Hydro, Others (Biomass, geothermal, etc.)), By End User (Residential, Commercial, Industrial), and Others... Read more

Energy
Nov 2024
Pages 123
Report Format: PDF, Excel, PPT

Market Definition

Renewable energy is energy from replenishable sources that can easily recover due to their near-unlimited supply, such as sun and wind. Renewable Energy includes solar, wind, hydro, biomass, and geothermal energy.

Market Insights & Analysis: India Renewable Energy Market (2025-30):

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.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Value in 2024	USD 24 Billion
Market Value By 2030	USD 37 Billion
CAGR (2025-30)	9%
Leading Region	West India
Top Key Players	NTPC, Tata Power, NLC India Limited, JSW Energy, Adani Green, NHPC, JP Power Ventures, SJVN, Waaree Energies, Suzlon, and Others
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

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As per, India's New and Renewable Energy Ministry (MNRE) since FY20, India’s installed renewable energy has grown by over 50% from nearly 134,000 MW to over 200,000 MW as of July 2024. Apart from this, the Indian government has decided to accept the tender bids related to 50,000 MW of renewable energy capacity between FY24 and FY28. These will also comprise at least 10,000 MW of wind power projects annually in the same period. These developments are in line with the government’s aim of achieving energy independence by 2047 and net zero emissions by 2070. The country is switching to renewable energy fairly fast to ensure its energy security, as India imports most of its fossil fuels.

The electricity demand in the country is rapidly surging. As per report from the Central Electricity Authority India, the electricity demand has reached new peak of 243,000 MW during FY24 which is further expected to reach 446,000 MW by 2030. These highlight a healthy growth outlook in the market over the forecasted period.

Market Segmentation
Introduction
1. Research Process
2. Market Definition
3. Assumption
Executive Summary
India Renewable Energy Investment 2020-2030F
India Renewable Energy Market Trends & Development
India Renewable Energy Market Dynamics
1. Growth Drivers
2. Challenges
India Renewable Energy Market Hotspots & Opportunities
India Renewable Energy Market Value Chain Analysis
India Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MW)
2. Market Share & Analysis
  1. By Source
    1. Solar – Market Size & Forecast, 2020-2030, MW
    2. Wind – Market Size & Forecast, 2020-2030, MW
    3. Hydro – Market Size & Forecast, 2020-2030, MW
    4. Others (Biomass, geothermal, etc.) – Market Size & Forecast, 2020-2030, MW
  2. By End User
    1. Residential – Market Size & Forecast, 2020-2030, MW
    2. Commercial – Market Size & Forecast, 2020-2030, MW
    3. Industrial – Market Size & Forecast, 2020-2030, MW
  3. By Region
    1. North & Central India
    2. South India
    3. East India
    4. West India
  4. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
North & Central India Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MW)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MW
  2. By End User – Market Size & Forecast, 2020-2030, MW
  3. By State & Union Territory
    1. Himachal Pradesh
    2. Punjab
    3. Haryana
    4. Uttarakhand
    5. Madhya Pradesh
    6. Others
South India Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MW)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MW
  2. By End User – Market Size & Forecast, 2020-2030, MW
  3. By State & Union Territory
    1. Tamil Nadu
    2. Andhra Pradesh
    3. Karnataka
    4. Telangana
    5. Kerala
    6. Others
East India Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MW)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MW
  2. By End User – Market Size & Forecast, 2020-2030, MW
  3. By State & Union Territory
    1. Assam
    2. Meghalaya
    3. West Bengal
    4. Jharkhand
    5. Odisha
    6. Chhattisgarh
    7. Bihar
    8. Others
West India Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MW)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MW
  2. By End User – Market Size & Forecast, 2020-2030, MW
  3. By State & Union Territory
    1. Rajasthan
    2. Gujarat
    3. Maharashtra
    4. Others
India Renewable Energy Market Strategic Imperatives for Growth & Success
Competition Outlook
1. Company Profiles
  1. NTPC
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Tata Power
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. NLC India Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. JSW Energy
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Adani Green
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. NHPC
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. JP Power Ventures
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. SJVN
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. WAAREE Energies
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Suzlon
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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