IMARC Group, a leading market research company, has recently releases report titled “India Renewable Energy Market Report by Type (Hydroelectric Power, Solar Energy, Wind Power, Bioenergy, and Others), End Use (Residential, Commercial, Industrial, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the India renewable energy market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Renewable Energy Market?
The India renewable energy market share reached US$ 22.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 46.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.71% during 2024-2032.
Report Attribute | Key Statistics |
Base Year | 2023 |
Forecast Years | 2024-2032 |
Historical Years | 2018-2023 |
Market Size in 2023 | US$ 22.0 Billion |
Market Forecast in 2032 | US$ 46.7 Billion |
Market Growth Rate 2024-2032 | 8.71% |
India Renewable Energy Market Overview:
The India renewable energy market is expanding rapidly, owing to the strong commitment of government bodies to reducing carbon emissions and advancing sustainable energy sources. Besides this, significant investments in wind and solar energy projects are being encouraged by programs like the National Solar Mission and different state-level initiatives. Moreover, the increasing affordability and efficiency of renewable technologies are making them highly attractive compared to traditional fossil fuels.
Additionally, international partnerships and financial incentives, including tax benefits and subsidies, are further bolstering the India renewable energy market. Meanwhile, the increasing need for energy security and independence amid fluctuating global oil prices also plays a crucial role in propelling the market.
Request to Get the Sample Report: https://www.imarcgroup.com/india-renewable-energy-market/requestsample
India Renewable Energy Market Trends:
Another significant trend for the growth of the India renewable energy market is the rapid expansion of the solar energy segment, particularly rooftop solar installations. In line with this, urban and rural areas alike are witnessing a surge in these installations, driven by the falling costs of solar panels and supportive net metering policies. In addition, wind energy continues to grow with advancements in turbine technology and the development of offshore wind projects.
Furthermore, corporate commitments to sustainability and the increasing participation of private players are accelerating market expansion. Apart from this, the integration of digital technologies, such as IoT and AI, for optimizing energy production and distribution is another emerging trend that is expected to shape the future of India renewable energy market.
India Renewable Energy Market Segmentation:
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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4671&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Commentaires