India Wind Energy Market (2025-2031) Outlook | Revenue, Trends, Growth, Value, Size, Share, Industry, Forecast, Analysis & Companies

Market Forecast By Type (Offshore, Onshore), By End User (Industrial, Commercial, Residential) And Competitive Landscape
Product Code: ETC273024 Publication Date: Aug 2023 Updated Date: Aug 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Wind Energy Market Import Shipment Trend (2020-2024)

The India wind energy market import shipment demonstrated robust growth with a CAGR of 61.9% from 2020 to 2024. The growth rate further accelerated by 13.1% between 2023 and 2024, indicating a strong upward momentum and a continuously expanding market trend.

Graph Showing India wind energy market Shipment Trend & Volume from 2020-2024

India Wind Energy Market Overview

The wind energy market in India is gaining prominence as the country seeks to diversify its energy sources and reduce its carbon footprint. Wind turbines and associated infrastructure are pivotal to harnessing wind energy for electricity generation. With favorable government policies and a focus on renewable energy, the market is witnessing substantial growth. India vast coastal and onshore wind resources present significant opportunities for the expansion of wind energy capacity.

Drivers of the Market

The India wind energy market is influenced by the government`s commitment to renewable energy sources. Wind power generation is a key component of India clean energy initiatives, and the market benefits from favorable policies, incentives, and growing environmental consciousness.

Challenges of the Market

The India wind energy market faces several challenges. First, there are issues related to land acquisition and obtaining permits for setting up wind farms. These administrative hurdles can lead to delays and increased project costs. Second, the intermittency of wind energy production poses challenges for grid integration and stability. Ensuring a reliable power supply from wind sources remains a key concern. Third, the sector often relies on government incentives and policies, and uncertainties in these policies can deter investment. Lastly, the availability of skilled labor and the need for ongoing maintenance of wind turbines present operational challenges in the market.

COVID-19 Impact on the Market

The India wind energy market faced challenges during the pandemic, with supply chain disruptions and labor shortages affecting the construction of wind farms. However, the long-term outlook for renewable energy remained positive, as the government continued to promote clean energy initiatives. Investments in wind energy may have rebounded as economic activities gradually resumed.

Key Players in the Market

In the India Wind Energy market, key players have made substantial contributions to the country`s renewable energy sector. Leading companies such as Suzlon Energy Ltd, Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, and ReNew Power are prominent in the development and operation of wind energy projects. They have played a crucial role in India transition towards cleaner and sustainable energy sources, harnessing the power of wind for electricity generation.

Key Highlights of the Report:

  • India Wind Energy Market Outlook
  • Market Size of India Wind Energy Market, 2024
  • Forecast of India Wind Energy Market, 2031
  • Historical Data and Forecast of India Wind Energy Revenues & Volume for the Period 2021-2031
  • India Wind Energy Market Trend Evolution
  • India Wind Energy Market Drivers and Challenges
  • India Wind Energy Price Trends
  • India Wind Energy Porter's Five Forces
  • India Wind Energy Industry Life Cycle
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By Offshore for the Period 2021-2031
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By Onshore for the Period 2021-2031
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By End User for the Period 2021-2031
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By Commercial for the Period 2021-2031
  • Historical Data and Forecast of India Wind Energy Market Revenues & Volume By Residential for the Period 2021-2031
  • India Wind Energy Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End User
  • India Wind Energy Top Companies Market Share
  • India Wind Energy Competitive Benchmarking By Technical and Operational Parameters
  • India Wind Energy Company Profiles
  • India Wind Energy Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Wind Energy Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Wind Energy Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Wind Energy Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Wind Energy Market Revenues & Volume, 2021 & 2031F

3.3 India Wind Energy Market - Industry Life Cycle

3.4 India Wind Energy Market - Porter's Five Forces

3.5 India Wind Energy Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 India Wind Energy Market Revenues & Volume Share, By End User, 2021 & 2031F

4 India Wind Energy Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Government support and incentives for renewable energy projects

4.2.2 Increasing focus on reducing carbon emissions and promoting sustainable energy sources

4.2.3 Technological advancements leading to improved efficiency and cost-effectiveness in wind energy generation

4.3 Market Restraints

4.3.1 Land acquisition challenges for setting up wind farms

4.3.2 Intermittent nature of wind energy leading to variability in power generation

4.3.3 High initial investment costs for establishing wind energy projects

5 India Wind Energy Market Trends

6 India Wind Energy Market, By Types

6.1 India Wind Energy Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Wind Energy Market Revenues & Volume, By Type, 2021-2031F

6.1.3 India Wind Energy Market Revenues & Volume, By Offshore, 2021-2031F

6.1.4 India Wind Energy Market Revenues & Volume, By Onshore, 2021-2031F

6.2 India Wind Energy Market, By End User

6.2.1 Overview and Analysis

6.2.2 India Wind Energy Market Revenues & Volume, By Industrial, 2021-2031F

6.2.3 India Wind Energy Market Revenues & Volume, By Commercial, 2021-2031F

6.2.4 India Wind Energy Market Revenues & Volume, By Residential, 2021-2031F

7 India Wind Energy Market Import-Export Trade Statistics

7.1 India Wind Energy Market Export to Major Countries

7.2 India Wind Energy Market Imports from Major Countries

8 India Wind Energy Market Key Performance Indicators

8.1 Capacity utilization factor (CUF) of wind turbines

8.2 Levelized cost of electricity (LCOE) for wind energy projects

8.3 Growth rate of installed wind energy capacity

9 India Wind Energy Market - Opportunity Assessment

9.1 India Wind Energy Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 India Wind Energy Market Opportunity Assessment, By End User, 2021 & 2031F

10 India Wind Energy Market - Competitive Landscape

10.1 India Wind Energy Market Revenue Share, By Companies, 2024

10.2 India Wind Energy Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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