Market Size of India Wind Energy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Wind Energy Market Analysis
The Indian wind power installed capacity is expected to register a CAGR of more 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.
