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India Renewable Energy Market: Key Trends, Growth Drivers & Industry Forecast by 2034

02-05-2026 07:14 PM CET | Energy & Environment

Press release from: IMARC Group

India Renewable Energy Market: Key Trends, Growth Drivers &

Introduction

India's renewable energy sector is a major pillar of its energy landscape, currently ranking 4th globally in total installed capacity. As of early 2026, the country has achieved the historic milestone of surpassing 500 GW of total installed power capacity, with over 51% of that coming from non-fossil fuel sources like solar, wind, and hydro.

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How Big is the India Renewable Energy Market

The India renewable energy market size was valued at USD 25.95 Billion in 2025 and is projected to reach USD 52.58 Billion by 2034, growing at a compound annual growth rate of 8.16% from 2026-2034.

India Renewable Energy Market Trends

The India Renewable Energy Market is experiencing a decisive shift driven by policy clarity, technological maturity, and rising investor confidence across domestic and international stakeholders in India. Market trends reflect a strong move toward diversified clean energy portfolios, with developers increasingly integrating solar, wind, and hybrid solutions to improve reliability and grid alignment.

Digital monitoring, predictive maintenance, and advanced forecasting tools are being widely adopted, strengthening operational efficiency and long-term asset performance. Additionally, the focus on localized manufacturing and supply chain resilience is reshaping procurement strategies, supporting self-reliance while enhancing quality standards.

Moreover, corporate participation through sustainability commitments and clean power procurement is accelerating demand beyond traditional utility-scale projects. In addition, financial institutions are refining risk assessment frameworks, which is improving access to structured financing and long-term capital.

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India Renewable Energy Market Growth

The scope of the India Renewable Energy Market continues to expand as clean energy becomes integral to economic development, industrial competitiveness, and energy security. Growth analysis indicates broad opportunities across generation, transmission integration, storage solutions, and ancillary services, creating a robust ecosystem for technology providers, project developers, and service firms.

Additionally, supportive regulations and streamlined approval processes are reducing execution complexity, enabling faster project lifecycles and improved stakeholder participation. Moreover, the increasing emphasis on grid stability and energy management is opening avenues for innovation in storage, smart infrastructure, and demand-side solutions.

In addition, regional diversification and varied climatic conditions allow renewable projects to be deployed across multiple geographies, enhancing scalability and risk distribution.

Speak to an Analyst: https://www.imarcgroup.com/request?type=report&id=4671&flag=C

India Renewable Energy Market Report Segmentation:

Type Insights:

✤ Hydroelectric Power
✤ Solar Energy
✤ Wind Power
✤ Bioenergy
✤ Others

Wind power dominates with a market share of 33.18% of the total India renewable energy market in 2025.

End Use Insights:

✤ Residential
✤ Commercial
✤ Industrial
✤ Others

The industrial leads with a share of 47.09% of the total India renewable energy market in 2025.

Regional Insights:

✤ North India
✤ West and Central India
✤ South India
✤ East India

North India represents a significant renewable energy hub, benefiting from substantial solar irradiance across Rajasthan and favorable wind corridors in hilly terrains.

Buy Now Latest 2026 Full Report: https://www.imarcgroup.com/checkout?id=4671&method=3462

Access The Latest Full Research Reports:

✤ India Cold Pressed Oil Market👉https://www.imarcgroup.com/india-cold-pressed-oil-market

✤ India Electric Vehicle Battery Market👉https://www.imarcgroup.com/india-electric-vehicle-battery-market

✤ India Internet of Things Market👉https://www.imarcgroup.com/india-internet-of-things-market

✤ India Pharmaceutical Market👉https://www.imarcgroup.com/india-pharmaceutical-market

✤ India Green Technology And Sustainability Market👉https://www.imarcgroup.com/india-green-technology-sustainability-market

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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: +1-201-971-6302

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