Market Size of South Asia Renewable Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 12.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Asia Renewable Energy Market Analysis
The South Asia Renewable Energy Market is expected to register a CAGR of over 12% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.
- Over the medium term, increasing investments and ambitious renewable energy targets are expected to drive the market's growth.
- On the other hand, increasing penetration of natural gas for power generation is expected to hamper the growth of the South Asia renewable energy market during the forecast period.
- South Asian developing countries are looking into inexhaustible and repeatable alternative energy sources such as solar, wind, hydro, and others are likely to create lucrative growth opportunities for the South Asia renewable energy market in the forecast period.
- India is expected to dominate the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with supportive government policies in the country.
