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India Wind Power Market Outlook, 2026

India Wind Power Market Outlook, 2026

The report titled “India Wind Energy Market Outlook, 2026” is anticipated to grow at CAGR of more than 11% in volume terms in forecasted period. Wind is an intermittent and site-specific source of energy and therefore, an extensive Wind Resource analysis is requisite for the selection of potential sites for on-shore wind energy. In India Wind energy appear as successful renewable energy option. For on-grid power generation in India wind energy is better option in compare to other renewable energies because of fastest growing renewable energy technology. Over a period of time, the Ministry, through National Institute of Wind Energy (NIWE), has installed more than 890 wind-monitoring stations all over the country and issued wind potential maps at 50 m, 80 m, 100 m and 120 m above ground level. The cumulative capacity of wind energy in India is more than 39 GW in 2020-21 year and it is estimated to grow at CAGR of more than 11% in forecasted year. New installed capacity of wind energy is more than 15 GW in India which is lower as compared to last year due to Covid-19 pandemic situation.

According to Bonafide Research, wind capacity has been growing with an immense pace in India and has shown a remarkable growth in last few years. India occupies 4th rank in the world in generating wind energy. The government of India has set a target of more than 175 GW for overall renewable energy and more than 60 GW for wind energy capacity that is to be accomplished till 2026. Gujarat is leading by installed capacity of wind energy in India. By region, West region is categorized as a highest installed capacity in India. Wind energy in India is mainly categorized into On-Shore Wind and Off-Shore Wind energy. The penetration of on-shore wind is higher than the off-shore wind. India has the largest open market along and a colossal growth potential. It has been experiencing a significant influx of capital and technologies. This will help push penetration rate of wind energy in India. Government of India and Ministry of New and Renewable Energy (MNRE) has sanctioned project for Off-shore wind energy in many states with an objective to examine the feasibility for setting up of offshore wind farm project. For developing offshore wind farms, India has made a consortium to do assessment of such sites where offshore wind farms can be set up to generate the optimum energy from the site.

The Wind Turbine Generator technology has evolved and the latest technologies are available in the country for the manufacture of wind turbines and the other components of wind energy. Around 75% localization has been achieved with strong domestic manufacturing capacity for wind energy turbines and its components in the country. With more than 35% volume share Siemens Gamesa Renewable Energy is leading player in wind energy capacity installation in India.

Ministry of New and Renewable Energy have implemented the National Wind-Solar Hybrid Policy, in objective of to encourage new technologies, methods and way-outs involving combined operation of wind and solar PV plants.

Renewable energy projects ongoing in various regions in India have influenced new capacity additions in power sectors. Covid-19 pandemic situation hit when sustainability had started to gain significance in the energy sector. Due to pandemic situation, expected growth in installation of wind energy is not achieved as per the target. However, in the forecasted period it is anticipated to grow with the higher CAGR.

Considered in this report
• Geography: India
• Base Year: 2019-2020
• Estimated Year: 2020-2021
• Forecasted Year: 2026-2027

Aspects covered in this report
• India Wind Energy market with its value and forecast along with its segments
• Region-wise India Wind Energy market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North
• South
• West
• East

Types of Wind Energy in the report
• On-Shore Wind Energy
• Off-Shore Wind Energy

Major Companies in Wind Energy
Siemens Gamesa Renewable Energy, Suzlon Energy Limited, GE Energy India Limited., Inox Wind Limited, Vestas Wind Technology India Private Limited , Envision and Senvion India Private Limited

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender.
Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to wind energy industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

“India Wind Energy Market Outlook, 2026” discusses the following aspects of wind power in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of wind market in India:
• India Wind Energy Market Outlook
• India Wind Energy Market Size By Cumulative Capacity & Forecast
• India Wind Energy Market Size By Region By Cumulative Capacity
• India Wind Energy Market Size By State By Cumulative Capacity
• India Wind Energy Market Size By New Installed Capacity & Forecast
• India Wind Energy Market Segmental Analysis: By Company, By Region, By State
• Product Portfolio By Company
• The key vendors in this market space

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various manufacturers of wind turbines in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Please get in touch with our sales team in order to find out more.
Keywords:
India, Global, Wind, Market, On-Shore, Off-Shore, Installed Capacity, Siemens Gamesa, Suzlon, GE Power India Ltd., Inox Wind Ltd., Vestas, Envision, Senvion, Renewable, Energy, Solar, Hydro, Bio, Turbine, Hybrid

Frequently Asked Questions

1. What is the growth rate of India Wind Energy Market?
2. What segments are covered in the India Wind Energy Market report?
3. Which region is expected to hold the highest share in the Wind Energy Market?
4. Who are the key players in India Wind Energy Market?
5. Which State has the highest wind energy cumulative capacity?
Table of Content
s
1.Executive Summary
2.Report Methodology
3.Global Wind Power Market Outlook
3.1.Market Size By Cumulative capacity
3.1.1.Total Cumulative Capacity (By region)
3.1.2.By Onshore Vs. Offshore Capacity
3.2.Market Size By New Installed Capacity
3.2.1.Total Capacity
3.2.2.By Onshore Vs. Offshore Capacity
3.3.Market Share
3.3.1.By Region (Cumulative & New)
3.3.2.By Country (Cumulative & New)
4.India Renewable Energy Market Outlook
4.1.Investment in Renewable Energy Sector
4.2.Market Size By Cumulative Capacity
4.3.Market Share
4.3.1.By Region
4.3.2.By State
4.3.3.By Type
5.India Wind Power Market Outlook
5.1.Market Size By Cumulative Capacity
5.2.Market Share
5.2.1.By Region
5.2.2.By State
5.3.Market Size By New Installed Capacity
5.4.Market Share
5.4.1.By Company
5.4.2.By Region
5.4.3.By State
5.5.Product Portfolio By Company
5.6.State Wise Tariffs
5.7.Policy and Regulatory Landscape
5.8.Certifications in India
5.9.Supply Chain Management
5.10.Energy Generation to Energy Consumption
6.India Economic Snapshot
7.PEST Analysis
8.Market Trends & Developments
8.1.Government Setting Wind Monitoring Stations
8.2.Lidar - Future Prospects of Offshore Wind Market
8.3.Government's Vision of 2022 For Renewable Sources of Energy
8.4.Vision Wind-Solar Hybrid Policy
8.5.Green Energy Corridor Project
9.Company Profiles
9.1.Siemens Gamesa Renewable Power Private Limited
9.2.Suzlon Energy Limited
9.3.GE India Industrial Private Limited
9.4.Inox Wind Power Limited
9.5.Vestas Wind Technology India Private Limited
9.6.Kenersys India Private Limited
9.7.WINOMECHANIC PRIVATE LIMITED
9.8.ReGen Powertech Private Limited
9.9.RRB Energy Limited
9.10.Wind World (India) Limited
10.Disclaimer

Report Title: India Wind Power Market Outlook, 2026


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