India Renewable Energy Market Size, Share, Growth, Competition

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(MENAFN-EIN Presswire)

SHERIDAN, WY, USA, Aug. 1, 2022 / EINPresswire.com / — According to IMARC Group’s latest report, “India Renewable Energy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, India Renewable Energy Market is expected to grow at a CAGR of 10.1% during the period 2022-2027. Renewable energy is generated from several natural sources, such as solar, tidal, geothermal and wind power. These natural sources produce no greenhouse gas (GHG) emissions, are constantly replenished, contribute to economic development and minimize dependence on imported fuels. It also helps reduce pollution and diversify the energy supply. Apart from this, renewable energy sources help reduce energy bills, due to which they are widely used for power generation and in heating, cooking and transportation applications.

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Renewable Energy Market Trends in India:

Growing awareness about the adverse effects of GHG emissions and rising prevalence of respiratory diseases due to rising pollution levels are key factors driving the market growth in India. With this in mind, increasing deforestation due to significant population expansion and rapid urbanization has dramatically increased the demand for renewable energy across the country. Moreover, the Government of India (GoI) is trying to promote the use of renewable energy through awareness campaigns and subsidy offers, which further creates a positive outlook for the market. They are also striving to increase the installation of rooftop solar (RTS) capacity in the residential sector to increase the generation of renewable energy, which creates a positive outlook for the market.

Key Market Segmentation:

The report has segmented the Indian renewable energy market on the basis of type, end-use and region.

Breakdown by type:

•Hydroelectric power
•Solar energy
•Wind power
• Bioenergy
•Others

Breakdown by end use:

•Residential
•Commercial
•Industrial
•Others

Breakdown by region:

• North India
• West and Central India
• South India
• Eastern India

Competitive landscape with key players:

The competitive landscape of India Renewable Energy Market has been studied in the report along with the detailed profiles of key players operating in the market.

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Main 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
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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Elena Anderson
IMARC Services Private Limited
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