Market Size of India Renewable Energy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Renewable Energy Market Analysis
The Indian renewable energy market is expected to register a CAGR of more than 10% during the forecast period.
- In the long run, the market is expected to be driven by things like government policies that help, growing concern about the environment, incentives, and tax breaks for installing solar panels.
- On the other hand, the lack of grid infrastructure in rural areas is likely to hinder market growth during the forecast period.
- Nevertheless, the Ministry of New and Renewable Energy (MNRE) set a target to achieve 500 GW of installed renewable energy capacity by 2030, which is expected to create a growth opportunity for the market in the future.
