India Renewable Energy Market Size, Share, Top Companies, Growth and Future Trends During 2022-2027

According to IMARC Group's latest report, titled "India Renewable Energy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the India renewable energy market is expected to exhibit a CAGR of 10.1% during 2022-2027. Renewable energy refers to the type of energy derived from certain natural sources that undergo continuous replenishment. It comprises of various types, such as hydroelectric power, solar energy, wind power, bioenergy, etc. Renewable energy eliminates greenhouse gas (GHG) emissions and assists in reducing air pollution, minimizing dependence on imported fuels, diversifying energy supply, and furthering economic development. It also helps in lowering energy bills. Consequently, renewable energy is being widely used in industries and commercial and residential buildings across India.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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India Renewable Energy Market Trends:

The increasing prevalence of global warming, owing to rapid urbanization, deforestation, and widespread industrial activities, is among the key factors driving the Indian renewable energy market. Moreover, the growing cases of respiratory illnesses, including asthma, on account of the rising air pollution levels, are also catalyzing the market growth. Besides this, the expanding availability of solar and wind power across the country is acting as another significant growth-inducing factor. Additionally, the launch of several favorable policies and subsidies by government bodies aimed at popularizing Rooftop Solar (RTS) infrastructures and the construction of large solar parks is also positively influencing the market growth. Furthermore, the emerging trend of relying on localized energy procurement to achieve energy independence on a national scale is expected to stimulate the Indian renewable energy market over the forecasted period.

Key Market Segmentation:

The report has segmented the India renewable energy market on the basis of type, end use and region.

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 With Key Players:

The competitive landscape of the India renewable energy market has been studied in the report with the detailed profiles of the key players operating in the market.

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
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.

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This release was published on openPR.