Market Overview:
The India renewable energy market is expected to exhibit a CAGR of 10.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Renewable energy comprises hydroelectric power and solar, wind, tidal, biomass, geothermal energy. Also known as clean energy, it is derived from naturally recurring sources or processes that undergo replenishment continuously. It does not produce greenhouse gas (GHG) emissions and assists in economic development, reducing air pollution, minimizing dependence on imported fuels and diversifying energy supply. Besides this, as it helps in reducing energy bills and providing an extensive range of benefits, there is a rise in the demand for renewable energy sources in India.
India Renewable Energy Market Trends:
At present, there is a rise in the prevalence of global warming on account of rapid urbanization, increasing deforestation and growing industrial activities. This, along with a significant need to reduce air pollution due to increasing respiratory diseases like asthma represents one of the key factors strengthening the growth of the market in India. Apart from this, there is a wide availability of wind power and solar power in the country. This, in confluence with numerous initiates undertaken by the Government of India to install rooftop solar (RTS) capacity in the residential sector and construct largest solar park, is contributing to market growth. Additionally, governing agency is focusing on promoting the use of clean energy sources by offering subsidies, introducing several awareness campaigns in association with non-governmental organizations (NGOs) and initiating several large-scale sustainable power projects. It is also funding the production of renewable energy on account of rising environmental concerns among people, which is creating a favorable market outlook. Furthermore, a shift in the trend towards the utilization of localized energy procurement is anticipated to drive the market in the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India renewable energy market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type and end use.
Breakup by Type:
- Hydroelectric Power
- Solar Energy
- Wind Power
- Bioenergy
- Others
Breakup by End Use:
- Residential
- Commercial
- Industrial
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Type, End Use, Region |
| Region Covered |
North India, West and Central India, South India, East India |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the India renewable energy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India renewable energy market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India renewable energy market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Renewable Energy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Hydroelectric Power
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Solar Energy
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Wind Power
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Bioenergy
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by End Use
7.1 Residential
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Commercial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Industrial
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North India
8.1.1 Market Trends
8.1.2 Market Breakup by State
8.1.3 Market Forecast
8.2 West and Central India
8.2.1 Market Trends
8.2.2 Market Breakup by State
8.2.3 Market Forecast
8.3 South India
8.3.1 Market Trends
8.3.2 Market Breakup by State
8.3.3 Market Forecast
8.4 East India
8.4.1 Market Trends
8.4.2 Market Breakup by State
8.4.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Policy and Regulatory Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: India: Renewable Energy Market: Major Drivers and Challenges
Figure 2: India: Renewable Energy Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Renewable Energy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Renewable Energy Market: Breakup by Type (in %), 2021
Figure 5: India: Renewable Energy Market: Breakup by End Use (in %), 2021
Figure 6: India: Renewable Energy Market: Breakup by Region (in %), 2021
Figure 7: India: Renewable Energy (Hydroelectric Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: India: Renewable Energy (Hydroelectric Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: India: Renewable Energy (Solar Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Renewable Energy (Solar Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Renewable Energy (Wind Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Renewable Energy (Wind Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Renewable Energy (Bioenergy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Renewable Energy (Bioenergy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Renewable Energy (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Renewable Energy (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Renewable Energy (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Renewable Energy (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Renewable Energy (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Renewable Energy (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Renewable Energy (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Renewable Energy (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Renewable Energy (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Renewable Energy (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North India: Renewable Energy Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North India: Renewable Energy Market: Breakup by State (in %), 2021
Figure 27: North India: Renewable Energy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: West and Central India: Renewable Energy Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: West and Central India: Renewable Energy Market: Breakup by State (in %), 2021
Figure 30: West and Central India: Renewable Energy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: South India: Renewable Energy Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: South India: Renewable Energy Market: Breakup by State (in %), 2021
Figure 33: South India: Renewable Energy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: East India: Renewable Energy Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: East India: Renewable Energy Market: Breakup by State (in %), 2021
Figure 36: East India: Renewable Energy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Renewable Energy Industry: SWOT Analysis
Figure 38: India: Renewable Energy Industry: Value Chain Analysis
Figure 39: India: Renewable Energy Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Renewable Energy Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Renewable Energy Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: India: Renewable Energy Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 4: India: Renewable Energy Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: India: Renewable Energy Market: Competitive Structure
Table 6: India: Renewable Energy Market: Key Players