India Wind Power Market Size, Share, and Forecast 2033

Q: How big is the India wind power market?

The India wind power market reached a volume of 49.8 GW in 2024.

Q: What is the future outlook of India wind power market?

The India wind power market is projected to exhibit a CAGR of 11.04% during 2025-2033, reaching a volume of 127.9 GW by 2033.

India Wind Power Market Report by Location (Onshore, Offshore), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A22097

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Market Overview:

India wind power market size reached 49.8 GW in 2024. Looking forward, IMARC Group expects the market to reach 127.9 GW by 2033, exhibiting a growth rate (CAGR) of 11.04% during 2025-2033. The escalating demand for renewable energy sources and the launch of favorable policies by government bodies, including tax subsidies, are primarily driving the market growth across the country.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	49.8 GW
Market Forecast in 2033	127.9 GW
Market Growth Rate (2025-2033)	11.04%

Wind power is a renewable energy source harnessed from the kinetic energy of the wind to generate electricity. This process involves the use of wind turbines, which consist of large blades connected to a rotor. As the wind blows, it causes the blades to rotate, converting the kinetic energy into mechanical energy. The mechanical energy is then transformed into electricity through a generator housed within the turbine. Wind power is considered an environmentally friendly and sustainable alternative to traditional fossil fuels, as it produces no greenhouse gas emissions during electricity generation. It has gained global prominence for its ability to harness a natural and abundant resource, contributing to the diversification of energy sources and the reduction of reliance on non-renewable energy. Wind power projects can range from small-scale installations to large wind farms, playing a crucial role in the transition towards cleaner and more sustainable energy systems.

India Wind Power Market Size

India Wind Power Market Trends:

The India wind power market is undergoing significant shifts driven by key drivers and emerging trends that underscore the nation's commitment to sustainable energy. A primary driver is numerous initiatives by government bodies, such as the National Wind-Solar Hybrid Policy and the Wind Auction Scheme, that aim to boost investments and streamline project development. Moreover, technological advancements play a pivotal role, with a notable trend towards larger and more efficient wind turbines. Apart from this, the rising integration of smart technologies, data analytics, and advanced materials enhances the performance and reliability of wind power installations, making them more competitive. Furthermore, government incentives and financial support further stimulate the market, encouraging both domestic and international investments. Besides this, competitive bidding processes and feed-in tariffs contribute to the overall growth of the wind power sector across the country. Moreover, there is a growing emphasis on hybrid energy solutions, combining wind power with solar and energy storage technologies to ensure a consistent and reliable power supply. This, in turn, will continue to catalyze the India wind power market over the forecasted period.

India Wind Power Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on location.

Location Insights:

Onshore
Offshore

The report has provided a detailed breakup and analysis of the market based on the location. This includes onshore and offshore.

Regional Insights:

North India
West and Central India
South India
East and Northeast India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Wind Power Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	GW
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Location Region
Locations Covered	Onshore, Offshore
Regions Covered	North India, West and Central India, South India, East and Northeast India
Customization Scope	10% Free Customization
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 Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India wind power market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India wind power market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India wind power industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The India wind power market reached a volume of 49.8 GW in 2024.

The India wind power market is projected to exhibit a CAGR of 11.04% during 2025-2033, reaching a volume of 127.9 GW by 2033.

The market for wind power in India is fueled by aggressive goals for renewable energy as well as advantageous government initiatives like tax breaks and auctions. Robust investment in grid infrastructure and wind-rich zones enhances capacity expansion. Technological improvements in turbine efficiency and hybrid systems and strong domestic manufacturing and global partnerships further reinforce sector growth.

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