Green Energy Market Share in India | Latest Market Insights 2025

Q: What is the projected CAGR of India green energy market?

The green energy market in India is projected to grow at a CAGR of 12% during the forecast period 2025–2031.

Q: What is the share of the India green energy market globally?

India holds an estimated 6.3% share of the global energy green market.

Q: Which renewable sources are dominant in India’ energy mix?

Solar and wind power are the major contributors, followed by biomass and small hydro projects.

Q: How are government policies supporting green energy in India?

Initiatives like PM-KUSUM, PLI schemes, and renewable purchase obligations (RPOs) are driving the sector.

Q: Are Indian companies investing in green hydrogen?

Yes, major players like NTPC, Reliance, and Adani are piloting green hydrogen as a future energy source.

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Code: MTA4440

Publication Date: Jun 2025

What is the share of India Green Energy Market?

According to 6Wresearch internal database and industry insights, the India Green Energy market is expected to flourish at a substantial CAGR of 12% during the forecast period 2025–2031. India currently holds an estimated 6.3% share of the global green energy market, as the country boosts capacity and investments in solar, wind, and green hydrogen initiatives.

The India green energy market is predicted to expand due to its landscape worldwide with the several growth factors including the large-scale solar and wind installations, government subsidies, and decarbonization efforts across industries.

Key Growth Factors of the India Green Energy Market

Expansion of the national solar and wind capacity under renewable energy missions
Government incentives, PLI schemes, and zero-duty solar module imports
Rise in corporate renewable energy procurement and green PPAs
Growing investments in green hydrogen and battery energy storage
Rural electrification and microgrid deployment in underserved regions
Shift towards electric mobility and low-emission industrial practices

India Green Energy Market Trends

India is transitioning from traditional energy sources to a hybrid renewable grid. Wind-solar hybrid parks, floating solar projects, and grid-connected rooftops are gaining momentum. Green bonds and ESG-linked financing are driving capital flows into the sector. Further, the corporate sustainability mandates and net-zero targets are pushing large enterprises towards the captive renewable power generation. The emergence of virtual power purchase agreements (VPPAs) and peer-to-peer energy trading platforms is also reshaping how energy is bought and sold.

Emerging Developments in the India Green Energy Market

India green energy market is seeing few recent developments include green hydrogen pilot projects, international climate partnerships and domestic solar manufacturing capacity under “Make in India” project. The integration of AI and IoT in energy efficiency monitoring is also expanding. Further, India is exploring shoreside such as the wind energy zones, expanding pumped hydro storage projects. Also, the incentivizing green ammonia is invented as an alternative fuel. Urban planning is increasingly aligned with green infrastructure and energy-positive buildings.