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India Renewable Energy Market 2026

India's renewable energy market is projected to grow from $48.2B in 2025 to $98.7B by 2031, driven by government targets of 500GW renewable capacity, declining solar and wind costs, green hydrogen initiatives, and increasing corporate PPA adoption across major industrial consumers.

Market Size

$48.2B

CAGR

12.3%

Base Year

2025

Forecast

2025–2031

India Renewable Energy Market 2026

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295 page PDF
Excel data model
6-year forecasts
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Market Overview

Onshore Drilling Market Analysis

India's renewable energy market is projected to grow from $48.2B in 2025 to $98.7B by 2031, driven by government targets of 500GW renewable capacity, declining solar and wind costs, green hydrogen initiatives, and increasing corporate PPA adoption across major industrial consumers.

Forecast

$48.2B → CAGR 12.3%

12.3%

Key Drivers

Increasing regulatory pressure and mandatory ESG disclosures globally
Growing institutional investor demand for ESG-aligned strategies
Technological innovation reducing costs and improving accessibility
Government policy support including subsidies and procurement mandates

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