MarkNtel Advisors recently published a detailed industry analysis of the India Renewable Energy Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

India Renewable Energy Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

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.

Key Findings in India Renewable Energy Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- NTPC, Tata Power, NLC India Limited, JSW Energy, Adani Green, NHPC, JP Power Ventures, SJVN, Waaree Energies, Suzlon, and Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the India Renewable Energy industry?

Government Initiatives & Policies Towards Renewable Energy – India generates most of its electricity from traditional fossil fuels-based energy sources. The production of electricity using fossil fuels consumes a lot of water and generates substantial greenhouse gas emissions, contributing to climate change. The changing global energy dynamics are increasingly causing countries to adopt cleaner energy sources to reduce their emissions. India aims to achieve its net zero emission target of 2070 and thus launched various schemes to promote electricity generation from renewable energy sources. These schemes include the New Solar Power Scheme, with an outlay of around USD 61 million under PM JANMAN to provide electricity to the un-electrified remote households of vulnerable tribal communities in India.

Additionally, schemes like PM KUSUM help farmers with financing for the installation of small standalone solar plants of a capacity of up to 2MW for solar pumps to ensure energy security for farmers. As per MNRE, under Component A of the PM KUSUM, around 300 MW of solar capacity has already been installed, with total sanctioned solar capacity standing at 9,110 MW as of September 2024. Furthermore, the Roof Top Solar (RTS) Programme aims to install a capacity of 40,000 MW worth of grid-connected rooftop solar panels. The RTS program has achieved a total installed rooftop solar capacity of around 11,870 MW by the end of FY24. The government of India plans to achieve a total non-fossil sources capacity of 500,000 MW by 2030, with renewable accounting for nearly 450,000 MW from the current of just over 200,000 MW in 2024 to ensure its energy security is driving the growth in the market.

Download now and gain valuable insights to inform your business strategy, drive growth, and stay ahead of the competition - Download Free PDF Sample- https://www.marknteladvisors.com/query/request-sample/india-renewable-energy-market.html

What segments define the India Renewable Energy Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Source

• • Solar – Market Size & Forecast, 2020-2030, MW
  • Wind – Market Size & Forecast, 2020-2030, MW
  • Hydro – Market Size & Forecast, 2020-2030, MW
  • Others (Biomass, geothermal, etc.) – Market Size & Forecast, 2020-2030, MW

According to report, Solar power dominates the India Renewable Energy Market with a market share of over 42.43% in 2024. 

By End User

• • Residential – Market Size & Forecast, 2020-2030, MW
  • Commercial – Market Size & Forecast, 2020-2030, MW
  • Industrial – Market Size & Forecast, 2020-2030, MW

Explore the Complete India Renewable Energy Market Analysis Report – https://www.marknteladvisors.com/research-library/india-renewable-energy-market.html

Geographical Analysis: India Renewable Energy Market

 By Region

• North & Central India
• South India
• East India
• West India

India Renewable Energy Market Recent Development:

• September 2024: NLC India Limited will invest nearly USD 6 billion to raise its renewable energy capacity to 10.11 GW from 1.43 GW.

• April 2024: NHPC has partnered with Norwegian company Ocean Sun for the implementation of floating solar panel technology.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the India Renewable Energy Market?
• How is the India Renewable Energy Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/india-renewable-energy-market.html

Why MarkNtel Advisors?

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 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.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2025 and is projected to reach USD 89 billion by 2030 with a CAGR of around 119.29%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2025 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.9%.

For Media Inquiries, Please Contact:

Email: sales@marknteladvisors.com

Trending Blogs : www.marknteladvisors.com/blogs

Export-import Data : https://www.marknteladvisors.com/export-import-data