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 clean energy derived from natural sources or processes that are constantly replenished. It includes hydroelectric power, wind power, bio, geothermal and solar energy. They are widely used for generating electric power and are also used directly for heating and cooking applications. Renewable energy is usually obtained from natural resources, such as sunlight and wind. It minimizes the carbon footprint and does not produce harmful emissions into the environment. In comparison to traditionally used energy sources, renewable energy is sustainable and can be replenished over relatively shorter durations.
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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Market Trends and Drivers:
The India renewable energy market is primarily being driven by the increasing environmental consciousness among the masses. Consumers are rapidly becoming aware regarding the adverse effects of greenhouse gas emissions and pollution generated by the non-renewable energy resources. Moreover, the integration of connected devices with artificial intelligence (AI) and machine learning (ML) solutions is providing a thrust to the market growth. These technologies assist in balancing electricity supply, real-time monitoring, optimizing energy usage and resource distribution. In line with this, the implementation of various government initiatives to promote the adoption of renewable energy sources is driving the market toward growth across the country.
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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