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 | |
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.
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.
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.
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.
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.
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.
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 |