India Renewable Energy Market Set for 9% CAGR Growth: Key Drivers and Opportunities from 2025 to 2030

One of the leading consulting, data analytics, and market research firm, Markntel Advisors, published a recent report titled, “India Renewable Energy Market Research Report: Forecast (2025-2030)”. The market is predicted to grow significantly in the coming years. The prominent factors that facilitate industry expansion are the implementation of government policies and initiatives to promote the proper utilization of renewable energy. India generates most of its electricity from traditional fossil fuel-based energy sources, which require water and other natural resources for generating energy. This further resulted in increasing greenhouse gas emissions and contributed to climate change. Therefore, propels more demand for India renewable energy market.
What is the Future Market Size of the India Renewable Energy Industry and its Yearly Growth Rate?
The India Renewable Energy Market size was valued at around USD 24 billion in 2024 and is projected to reach USD 37 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2025-30.
Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/india-renewable-energy-market.html
Who are the Main Competitors Driving the India Renewable Energy Market Forward?
Major companies operating in the industry are NTPC, Tata Power, NLC India Limited, JSW Energy, Adani Green, NHPC, JP Power Ventures, SJVN, Waaree Energies, Suzlon, and Others.
What Trends Are Shaping the Future of the India Renewable Energy Industry Size?
The growing deployment of wind plus solar power hybrid renewable energy solutions seeks comprehensive attention from the Indian population. These hybrid solutions come with storage capabilities that allow for higher power stability. The rapidly growing shift towards renewable energy will boost the demand for hybrid renewable energy solutions due to reliability, thereby contributing to market growth & expansion.
What is the Segmentation of the India Renewable Energy Market?
The India Renewable Energy market covered in this report is segmented –
· By Source: Solar, Wind, Hydro, and Others (Biomass, geothermal, etc.)
· By End User: Residential, Commercial, and Industrial
· Geography: North & Central India, South India, East India, and West India
West India’s Role as the Foremost Player in the India Renewable Energy Market
West India holds the largest market revenue in the historical years and is expected to maintain its performance in the upcoming years. The regions covered in the marker report are north and central India, south India, east India, and west India. This is owing to the region facing consistent water shortage and thermal energy-based power plants having a significant water requirement.
What is the India Renewable Energy Industry Definition?
Renewable energy is energy from replenishable sources that can easily recover due to their near-unlimited supply, such as sun and wind. Renewable Energy includes solar, wind, hydro, biomass, and geothermal energy.
Frequently Asked Questions (FAQs)-
1. What is the expected CAGR value of the India Renewable Energy Market during the forecast period?
2. What are the trends influencing the current scenario of the India Renewable Energy market?
3. What key factors would propel and impede the industry across the Country?
4. How has the industry been evolving in terms of geography & India Renewable Energy adoption?
5. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
6. Which is the Leading end user segment in the India Renewable Energy market?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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