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India Renewable Energy Market Outlook, 2026

India Renewable Energy Market Outlook, 2026

Renewable energy is obtained from provenance which is essentially inexhaustible. Renewable Energy market in India is mainly segregated into Wind Energy, Solar Energy, Hydro Power (Small Hydro Power), Bio Power, Geothermal and Ocean Energy. The key factor of these energies is that it can be harnessed without the release of harmful pollutants.

In renewable energy capacity, Indian sector is fourth most attractive energy market and fifth in solar power capacity in the world. According to the report “India Renewable Energy Market Outlook, 2026”, renewable energy market in india is anticipated to grow with a CAGR of more than 13% in commulative volume capacity in forecast periods. According to the Bonafide Research, Solar energy is leading the market with more than 40% market share in renewable energy. By region, south region having the highest market share compare to north region having the lowest market share in cummulative capacity in domestic market .In state wise cummulative capacity Tamilnadu is leading the market with more than 16% market share.

As country contend with the growingly devastating impact of climate change, largely caused by anthropocentric expanding activities, the role of renewable energy in the energy and electricity mix becomes paramount. To meet renewable energy ambitious targets and commitment to the entire world in the fight against climate change, Government of India and Ministry of New and Renewable Energy (MNRE) has been rolling out multiple initiatives, programs, renewable energy schemes and incentives to accelerate the development of the renewable energy sector. The focus of these incentives and initiatives is to hasled large-scale penetration in the tier 3 and rural regions.

The incentives and subsidies provided by the state governments are playing a vital role in renewable energy growth of small scale power generation such as solar rooftop photovoltaic system. Subsidies provide for the solar pumps are also gaining popularity in many regions which helps integrate renewable sources effectively to the power grid.
The Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Scheme has been launched in 2019 consisting of many components such as setting up of 10 GW of Decentralized Grid Connected Solar or other Renewable Energy Power Plants on barren land, Installation of more than17 Lakh stand-alone solar agriculture pumps, and Solarisation of more than 10 Lakh Grid Connected Agriculture Pumps. All these projects, incentives and schemes will help in the long term to overcome the hindrances that renewable energy sector faces today.

In order to facilitate integration of large scale renewable generation capacity addition, the Cabinet Committee of Economic Affairs (CCEA) , approved the creation of Intra-state Transmission System in the states of Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu, rich in renewable resource potential and where large capacity renewable power projects are planned.

Renewable energy projects are 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 renewable 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: 2019-20
• Estimated year: 2020-21
• Forecast year: 2026-27

Aspects covered in this report
• India Renewable Energy market with its volume and forecast along with its segments.
• Region-wise India Renewable Energy market analysis
• Various drivers and challenges
• On-going trends and developments
• Strategic recommendation

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

Types of Renewable Energy in the report
• Wind Energy
• Solar Energy
• Hydro Power (Small Hydro Power)
• Bio Power

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 renewable 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 Renewable 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 Renewable Energy Market Outlook
• India Renewable Energy Market Size By Cumulative Capacity & Forecast
• India Renewable Energy Market Size By Region By Cumulative Capacity
• India Renewable Energy Market Size By State By Cumulative Capacity
• India Renewable Energy Market Size By New Installed Capacity & Forecast
• India Renewable Energy Market Segmental Analysis: By Region, By State
• India Wind Energy Market Size By Cumulative Capacity & Forecast
• India Wind Energy Market Size By Installed Capacity & Forecast
• India Wind Energy Market Segmental Analysis: By Region, By State
• India Solar Energy Market Size By Cumulative Capacity & Forecast
• India Solar Energy Market Size By Installed Capacity & Forecast
• India Solar Energy Market Segmental Analysis: By Region, By State
• India Small Hydro Power Market Size By Cumulative Capacity & Forecast
• India Small Hydro Power Market Size By Installed Capacity & Forecast
• India Small Hydro Power Market Segmental Analysis: By Region, By State
• India Bio Power Market Size By Cumulative Capacity & Forecast
• India Bio Power Market Size By Installed Capacity & Forecast
• India Bio Power Market Segmental Analysis: 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, Renewable, Energy, Market, Wind, Solar, Small Hydro Power, Bio Power, Cummulative, Installed, Capacity, By Region, By State, Mega Watt, Giga Watt
Table of Content
s
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
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 States
4.3.3. By Type
5. India Wind Power Market
5.1. Market Size
5.1.1. By Cumulative Capacity
5.1.2. By New installed capacity
5.2. Market Share
5.2.1. By Region
5.2.2. By States
5.2.3. By Type
6. India Solar Power Market
6.1. Market Size
6.1.1. By Cumulative Capacity
6.1.2. By New installed capacity
6.2. Market Share
6.2.1. By Region
6.2.2. By States
6.2.3. By Type
7. India Small Hydro Power Market
7.1. Market Size
7.1.1. By Cumulative Capacity
7.1.2. By New installed capacity
7.2. Market Share
7.2.1. By Region
7.2.2. By States
8. India Bio Power Market
8.1. Market Size
8.1.1. By Cumulative Capacity
8.1.2. By New installed capacity
8.2. Market Share
8.2.1. By Region
8.2.2. By States
8.2.3. By Type
8.3. Policy and Regulatory Landscape
8.4. Certifications in India
8.5. Supply Chain Management
8.6. Energy Generation to Energy Consumption
9. India Economic Snapshot
10. PEST Analysis
11. Market Trends & Developments
11.1. XXXXXXXXX
11.2. XXXXXXXXX
11.3. XXXXXXXXX
11.4. XXXXXXXXX
11.5. XXXXXXXXX
12. Disclaimer

Report Title: India Renewable Energy Market Outlook, 2026


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