Power Sector Market in India Next Big Thing | Adani Power Limited, Tata Power Limited, Suzlon Energy, NTPC Limited

HTF Market Intelligence released a new research report of 102 pages on title 'Power Sector in India 2021’ with detailed analysis, forecast and strategies. The market Study is segmented by key regions which are accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Adani Power Limited, CESC Limited, Damodar Valley Corporation (DVC), NHPC Limited, NTPC Limited, SJVN Limited, Suzlon Energy, Tata Power Limited, Websol Energy System Limited, Nuclear Power Corporation of India Limited (NPCIL)

Get Free Sample Pages PDF @ https://www.htfmarketreport.com/sample-report/3147796-power-sector-in-india-2021

Summary
The Indian power sector has undergone a significant transformation in terms of power supply, energy demand, fuel mix, and market operations. India appeared to be the third-largest power generating country in the world. The total installed capacity in India increased at a remarkable pace of 7.96% during the FY 2010 – FY 2020 period. As of 31st December 2020, India had a total installed capacity of 375.32 GW, transitioning from a power-deficit country to a country with surplus power.

Segmentation insights:
The power sector in India is characterized by its diversified fuel sources, which consist of environmentally sustainable sources such as solar, wind, and small hydro plants, along with conventional sources like coal, oil, and gas. Thermal power was the predominant type of installed capacity in India, accounting for a 62.31% share of the total installed capacity in FY 2020. The commissioning of various Ultra Mega Power Projects (UMPPs) based on thermal power attributed to the largest share of thermal power in the country’s energy mix.

Renewable energy was the second-leading energy source in India, capturing 23.51% of the total installed capacity in India in FY 2020. The Indian government’s ambitious target of installing 175 GW of renewable energy, capacity coupled with the establishment of solar parks and the solar city program propelled the growth of clean energy in India. Furthermore, the financial incentives offered by the government are likely to encourage state-owned operators to invest in Clean Energy Parks and Ultra-Mega Renewable Energy Power Parks (UMREPPs).

Market influencers:
Soaring demand from the industrial and domestic sectors have been the major driving factor for the growth of the Indian power sector. The industrial sector in India expanded significantly over the past few years, marked by the steady increase in the index of industrial production (IIP) for the electricity domain from 126.6 in FY 2015 to 158.4 in FY 2020. The industrial sector has been the largest power consumer in India, accounting for around 42.69% of the total power consumption in FY 2020. On the other hand, the consumption from the domestic sector increased at a fast pace of 7.96% from FY 2010 to FY 2020. Improvements in access to electricity, a surge in the sale of white goods, and higher demand for LED bulbs have driven demand from the domestic sector. Furthermore, supportive government policies such as UDAY 2.0, 24x7 - Power for All, SAUBHAGYA, UJALA Scheme, Green Energy Corridor, and vehicle electrification have helped to boost the Indian power sector.
The restricted supply of raw material poses a substantial challenge to the Indian power sector. Market players have been struggling to acquire raw material for power generation owing to the erratic domestic supply of coal, fluctuations in international coal prices, and shortage of natural gas. Furthermore, the weak infrastructure of the transmission and distribution (T&D) system leads to transmission and distribution losses (T&D losses), which affects the power sector. The T&D loss in India is around 20%, significantly higher than in other Asian countries. The thermal power sector has been experiencing challenges in recent years, owing to its environmental impact, tariff structure, and difficulty in acquiring power purchase agreements (PPA).

Impact of COVID-19
The growth momentum of the Indian power sector has been hindered by the onset of the pandemic and the ensuing lockdown measures. The shutdown of industrial activities as an effect of the lockdown announced on 25th March 2020, led to a sharp fall in power consumption in the industrial and commercial sectors. The steep decline in demand, coupled with a liquidity crunch, has crippled the financials of power generating and power distribution companies. The unprecedented impact of the pandemic has highlighted the need for structural changes in the industry. The lessons learned from the crisis are expected to usher in policy reforms, boost private sector participation, lead to a focus on an efficient power trading system, bring in investments for infrastructure development, and most importantly, facilitate digital transformation.

Companies covered:
• Adani Power Limited
• CESC Limited
• Damodar Valley Corporation (DVC)
• NHPC Limited
• NTPC Limited
• SJVN Limited
• Suzlon Energy
• Tata Power Limited
• Websol Energy System Limited
• Nuclear Power Corporation of India Limited (NPCIL)

Make an enquiry before buying this Report @ https://www.htfmarketreport.com/enquiry-before-buy/3147796-power-sector-in-india-2021

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Market overview
4.1. Power sector in India - Generation overview
4.2. Power sector in India – Demand-supply overview
4.3. Power sector in India – Installed capacity overview
4.4. Power sector in India – Demand forecast
4.5. Power sector in India – Installed capacity forecast

Chapter 5: Market segmentation
5.1. Thermal power
5.1.1. Thermal power installed capacity (GW)
5.2. Hydro power
5.2.1. Hydro power installed capacity (GW)
5.3. Nuclear power
5.3.1. Nuclear power installed capacity (GW)
5.4. Renewable power
5.4.1. Renewable power installed capacity (GW)…..

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=3147796

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

Contact US:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter

About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

This release was published on openPR.