Market Size of India Coal Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.97 Billion tons |
| Market Volume (2029) | 1.40 Billion tons |
| CAGR (2024 - 2029) | 7.57 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Coal Market Analysis
The India Coal Market size is estimated at 0.97 Billion tons in 2024, and is expected to reach 1.40 Billion tons by 2029, growing at a CAGR of 7.57% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing power generation capacity plans and increasing electricity demand and rapidly growing industrial and infrastructural development activities, are expected to be one of the most significant drivers for the India coal market during the forecast period.
- On the other hand, supportive government policies to increase renewable energy generation is expected to restrain the growth of the Indian coal market during the forecast period.
- Nevertheless, availability of lignite resources in three states: Tamil Nadu, which accounts for 79% of lignite resources, Rajasthan, and Gujarat. Most of the resources are untapped, and the mining of lignite sources is expected to create several opportunities for the market players.
