India Renewable Energy Market 2023, Size, Growth, Trends, Opportunity, Competitive Landscape and Industry Analysis by 2028

IMARC Group has recently released a new research study titled “India Renewable Energy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.



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.

Year Considered to Estimate the Market Size:

  • Base Year of the Analysis: 2022

  • Historical Period: 2017-2022

  • Forecast Period: 2023-2028

Renewable energy is generated from natural resources and are replenished over time, such as sunlight, wind, water, and geothermal heat. Unlike non-renewable energy sources, such as coal and oil, which are finite, renewable energy sources are considered sustainable and have a much smaller impact on the environment. Renewable energy technologies include solar panels, wind turbines, hydroelectric dams, and geothermal plants. The adoption of renewable energy is crucial to achieving a sustainable future for the planet.

Request for a Free Sample Copy of this Report: https://www.imarcgroup.com/india-renewable-energy-market/requestsample

India Renewable Energy Market Trends:

The rising environmental concerns, including air and water pollution, represent a significant factor driving the market growth across the country. This is primarily attributed to the rapid pace of industrialization and the rising urbanization in India. In line with this, various governmental regulations promoting the adoption of renewable energy are contributing to the growth of the market. For instance, the government is offering subsidies and tax incentives for renewable energy generation, which, in turn, is driving the market growth. Other factors, such as the increasing demand for electricity, steadily rising population, increase in energy security, and cost competitiveness, coupled with an enhanced focus on sustainable development and the continual launch of green initiatives are creating a positive outlook for the renewable energy market 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

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