Product Code: ETC4532425 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India distributed generation market import shipment demonstrated a robust CAGR from 2020 to 2024, indicating significant expansion. Although the growth rate between 2023 and 2024 slightly moderated, the overall trend showcases a strong momentum in market development.
The distributed generation market in India is gaining momentum as the country addresses its energy challenges and seeks to enhance its power supply resilience. Distributed generation refers to the generation of electricity at or near the point of consumption, often using renewable energy sources like solar and wind. This market is growing due to the need for reliable and decentralized power sources, especially in rural and remote areas. Government policies, such as incentives and net metering, are encouraging the deployment of distributed generation systems, contributing to energy self-sufficiency and reducing the burden on centralized power grids. The distributed generation market is poised for significant expansion in India as the country embraces clean energy alternatives.
The India Distributed Generation market is influenced by the desire for decentralized and reliable power sources. Distributed generation systems, such as solar and wind installations, provide local power generation and reduce dependence on centralized grids. India focus on energy security and rural electrification drives the adoption of distributed generation solutions.
The distributed generation market in India faces several challenges. One primary challenge is the lack of a well-defined regulatory framework and incentives for distributed energy generation. This uncertainty can deter potential investors from adopting distributed generation solutions. In addition, the reliability and quality of distributed power sources, such as rooftop solar panels, can be inconsistent in some regions, affecting the confidence of end-users. The high upfront costs associated with distributed generation systems, including solar panels and backup generators, can be a barrier for many businesses and individuals. Addressing grid integration issues and ensuring grid stability with increasing distributed energy sources are also challenges for the market. These factors collectively impact the growth of the distributed generation market in India.
The pandemic led to a reassessment of energy supply and resilience, which has positively impacted the India Distributed Generation Market. With businesses and industries looking to enhance their energy security and reduce dependence on centralized grids, distributed generation solutions like solar panels, wind turbines, and combined heat and power systems are gaining traction. This shift in focus on decentralized energy sources is expected to drive market growth in the post-pandemic period.
Distributed generation is reshaping the power landscape in India, with major players like Tata Power Solar, Luminous Power Technologies, and Mahindra Susten leading the way. These companies offer a range of distributed generation solutions, including solar, wind, and hybrid power systems, catering to the growing demand for decentralized energy sources.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Distributed Generation Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Distributed Generation Market Revenues & Volume, 2021 & 2031F |
3.3 India Distributed Generation Market - Industry Life Cycle |
3.4 India Distributed Generation Market - Porter's Five Forces |
3.5 India Distributed Generation Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Distributed Generation Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Distributed Generation Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Distributed Generation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and uninterrupted power supply in India |
4.2.2 Government initiatives and policies promoting renewable energy and distributed generation |
4.2.3 Rising awareness about environmental sustainability and the benefits of distributed generation |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up distributed generation systems |
4.3.2 Lack of adequate infrastructure and technical expertise for widespread adoption of distributed generation |
4.3.3 Regulatory hurdles and uncertainties in the market environment |
5 India Distributed Generation Market Trends |
6 India Distributed Generation Market, By Types |
6.1 India Distributed Generation Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Distributed Generation Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Distributed Generation Market Revenues & Volume, By Solar PV, 2021-2031F |
6.1.4 India Distributed Generation Market Revenues & Volume, By Wind, 2021-2031F |
6.1.5 India Distributed Generation Market Revenues & Volume, By Reciprocating Engines, 2021-2031F |
6.1.6 India Distributed Generation Market Revenues & Volume, By Microturbines, 2021-2031F |
6.1.7 India Distributed Generation Market Revenues & Volume, By Fuel Cells, 2021-2031F |
6.1.8 India Distributed Generation Market Revenues & Volume, By Gas Turbines, 2021-2031F |
6.2 India Distributed Generation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Distributed Generation Market Revenues & Volume, By On-Grid, 2021-2031F |
6.2.3 India Distributed Generation Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.3 India Distributed Generation Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Distributed Generation Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 India Distributed Generation Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 India Distributed Generation Market Revenues & Volume, By Residential, 2021-2031F |
7 India Distributed Generation Market Import-Export Trade Statistics |
7.1 India Distributed Generation Market Export to Major Countries |
7.2 India Distributed Generation Market Imports from Major Countries |
8 India Distributed Generation Market Key Performance Indicators |
8.1 Level of investment in distributed generation projects |
8.2 Number of distributed generation installations in key regions of India |
8.3 Growth rate of renewable energy capacity in the distributed generation sector |
8.4 Adoption rate of smart grid technologies in conjunction with distributed generation |
8.5 Percentage of electricity demand met through distributed generation sources |
9 India Distributed Generation Market - Opportunity Assessment |
9.1 India Distributed Generation Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Distributed Generation Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Distributed Generation Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Distributed Generation Market - Competitive Landscape |
10.1 India Distributed Generation Market Revenue Share, By Companies, 2024 |
10.2 India Distributed Generation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |