Indian Renewable Energy Industry Size To Hit US$ 35.6 Billion By 2028 | IMARC Group

The latest report published by IMARC Group, titled "India Renewable Energy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India renewable energy market size reached US$ 20 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2028, exhibiting a growth rate (CAGR) of 10.19% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/india-renewable-energy-market/requestsample

India Renewable Energy Market Trends:

The increasing environmental concerns represent a key factor driving the market growth across India. In addition to this, increasing cases of respiratory diseases on account of rising air pollution levels are providing a thrust to the market growth. Apart from this, the growing awareness among individuals regarding the benefits of renewable energy sources over their conventional counterparts is driving the market toward growth. Moreover, the Government of India (GoI) is introducing several awareness campaigns, offering subsidies, and initiating several large-scale sustainable power projects to promote the use of green energy sources, which is contributing to the market growth. Other factors, such as rapid urbanization and increasing industrialization, are creating a positive outlook for the market further across the country.

Key Market Segmentation:

The report has segmented the India renewable energy market based on 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.

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 (2017-2022)
• Market Outlook (2023-2028)
• 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.