Wind Energy Market in India Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Report Covers Wind Turbine Manufacturers in India and the Market is Segmented by Sector (Onshore and Offshore). The Installed Capacity and Forecasts for India's Wind Energy Market are provided in terms of GigaWatts (GW) for all the above segments.

Wind Energy Market in India Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

India Wind Energy Market Size

India Wind Energy Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 8.00 %
Market Concentration Low

Major Players

India Wind Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Wind Energy Market Analysis

The India Wind Energy Market is expected to register a CAGR of greater than 8% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the long term, favorable government policies, the increasing investment in upcoming wind power projects, and the reduced cost of wind energy, which has led to increased adoption of wind energy, are expected to drive the market during the forecast period.
  • On the other hand, the increasing adoption of alternative energy sources, such as gas-based and solar power, will likely hinder market growth.
  • Nevertheless, the Government of India established a national renewable energy target of wind is 500 GW by 2030. This will likely provide widespread business opportunities to the market in the coming years.

India Wind Energy Industry Overview

The Indian Wind Energy Market is fragmented. Some of the major players in the market (in no particular order) include Suzlon Energy Limited, Inox Wind Limited, Vestas Wind Systems AS, Tata Power Company, and Enercon GmBH.

India Wind Energy Market Leaders

  1. Inox Wind limited

  2. Vestas Wind Systems A/S

  3. Tata Power Company

  4. Enercon GmBH

  5. Suzlon Energy Limited

  6. *Disclaimer: Major Players sorted in no particular order
India Wind Energy Market Concentration
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India Wind Energy Market News

  • October 2022: Suzlon Group secured new order to develop 144.9 MW wind power projects located at sites in Gujarat and Madhya Pradesh for the Aditya Birla Group. As a part of the contract, the company will install around 69 units of wind turbine generators (Wind Turbines) with a Hybrid Lattice Tubular (HLT) tower with a rated capacity of 2.1 MW each. It is expected to commence operations by the end of 2023.
  • May 20222: India's Minister for Power and New & Renewable Energy announced plans to have a capacity of 30,000 MW of offshore wind power in India.
  • October 2021: GE Renewable Energy secured a contract from JSW Energy Ltd, part of the local conglomerate JSW Group. As a part of the contract, JSW has ordered 810 MW of onshore wind turbines for its upcoming projects in Tamil Nadu.

India Wind Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Wind Energy Installed Capacity and Forecast in GW, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION - BY SECTOR

  • 5.1 Onshore
  • 5.2 Offshore

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Inox Wind limited
    • 6.3.2 Suzlon Energy Limited
    • 6.3.3 General Electric Company
    • 6.3.4 Siemens Gamesa Renewable Energy SA
    • 6.3.5 Vestas Wind Systems AS
    • 6.3.6 Envision Group
    • 6.3.7 Wind World India Ltd
    • 6.3.8 Tata Power Company
    • 6.3.9 Enercon GmBH
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Wind Energy Industry Segmentation

Wind power is generated by the force of the wind, mainly through the rotor, which transforms kinetic energy into mechanical energy, and through the generator, which converts this mechanical energy into electrical energy.

The Indian wind power market is segmented by sector. By sector, the market is segmented into onshore and offshore. For each segment, the market sizing and forecasts have been done based on gigawatts (GW).

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India Wind Energy Market Research FAQs

What is the current India Wind Energy Market size?

The India Wind Energy Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in India Wind Energy Market?

Inox Wind limited, Vestas Wind Systems A/S, Tata Power Company, Enercon GmBH and Suzlon Energy Limited are the major companies operating in the India Wind Energy Market.

What years does this India Wind Energy Market cover?

The report covers the India Wind Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Wind Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Wind Energy in India Industry Report

The Indian wind power market is on a significant upward trajectory, fueled by government policies, increasing investments, and the declining cost of wind energy technology. Dominated by onshore wind power generation, particularly in the southern regions due to favorable wind conditions, there's also a growing emphasis on offshore wind energy potential along the extensive coastline to diversify and expand the renewable energy portfolio. This dynamic sector, characterized by asset transactions, debt offerings, and partnerships, is set for continued growth with ambitious government targets for wind energy capacity. This expansion is part of a global shift towards renewable energy to reduce greenhouse gas emissions and build sustainable energy systems amidst climate change. Wind energy in India, leading this transition, underscores the commitment to a cleaner future. Mordor Intelligence™ Industry Reports provide statistics on market share, size, and revenue growth rate, including a market forecast outlook and historical overview. For detailed insights, a free report PDF download is available, offering a comprehensive analysis of Wind Energy in India's promising landscape.