SHERIDAN, WY, USA, June 2, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “India Renewable Energy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India renewable energy market is expected to exhibit a CAGR of 10.1% during 2022-2027. Renewable energy, or clean energy, is generated from natural sources, such as solar, tidal, geothermal, and wind energy. They undergo continuous replenishment, promote economic development, minimize dependence on imported fuels, and do not produce greenhouse gases (GHG). The use of renewable energy helps in reducing pollution and diversifying the energy supply. As a result, it is extensively used across the transport, automotive, residential, and commercial sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The India renewable energy market is primarily driven by the rising population, surging power consumption, and increasing awareness regarding the adverse effects of GHG on the environment and individual health. In line with this, the rising pollution levels due to rapid urbanization and deforestation have significantly surged the demand for renewable energy across the country, which is supporting the market growth. Additionally, the Government of India (GoI) is actively working to promote the use of renewable energy sources by introducing awareness campaigns and offering subsidies, which is further creating a positive outlook for the market.
Key Market Segmentation:
The report has segmented the India renewable energy market on the basis of type, end use and region.
Breakup by Type:
• Hydroelectric Power
• Solar Energy
• Wind Power
• Bioenergy
• Others
Breakup by End Use:
• Residential
• Commercial
• Industrial
• Others
Breakup by Region:
• North India
• West and Central India
• South India
• East India
Competitive Landscape With Key Players:
The competitive landscape of the India renewable energy market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here
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Article originally published on www.einpresswire.com as India Renewable Energy Market Trends 2022-2027, Size, Growth, Opportunity and Competitive Analysis
originally published at Energy - Social Gov
