India renewable energy sector is undergoing a historic transformation, fueled by bold policy shifts, grassroots innovation, and corporate decarbonization drives. According to MarkNtel Advisors’ latest analysis, the India Renewable Energy Market size was valued at around USD 24 billion in 2024 and is projected to reach USD 37 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2025-30.

India Renewable Energy Market Trends 2025

• The "Solar + Storage" Revolution in Agriculture – States like Punjab and Maharashtra are piloting solar-powered microgrids with battery storage for farmers, reducing diesel dependency and enabling 24/7 irrigation.
• Tiny Grids, Big Impact – Over 12,000 decentralized renewable mini-grids (under 10 kW) are electrifying remote villages, a trend competitors often overlook.
• Floating Solar on Reservoirs (500+ MW under construction) – NTPC’s Ramagundam project saves 5 billion liters of water/year by reducing evaporation.
• Agro-Voltaics – Farmers in Gujarat & Rajasthan now grow tomatoes & aloe vera under elevated solar panels, boosting income by 30%.
• Biogas from Temple Waste – Tirupati Temple’s 1.2 MW plant converts floral offerings into clean energy, a model replicating nationwide.

India Renewable Energy Market Drivers

• "Green Tariff" Boom: DISCOMs in Karnataka & Tamil Nadu now offer renewable-only power plans, attracting eco-conscious factories & data centers.
• Railway’s Solar Mission: Indian Railways aims to install 20 GW of solar on vacant land—enough to power 7 million homes.
• Bharat’s DIY Solar Movement: Over 500,000 households in UP and Bihar are adopting plug-and-play solar kits (under ₹10,000), bypassing grid delays.

Top Indian Players Essentially Operating in Renewable Energy Market

• NTPC,
• Tata Power,
• NLC India Limited,
• JSW Energy,
• Adani Green,
• NHPC,
• JP Power Ventures,
• SJVN,
• Waaree Energies,
• Suzlon, and Others

Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/india-renewable-energy-market.html

Key Takeaways from the Market Research Report

• Solar energy remains the fastest-growing segment, driven by large-scale projects and rooftop solar adoption.
• Wind energy growth is fueled by offshore wind projects and hybrid renewable parks.
• Energy storage systems (ESS) are critical for managing intermittent renewable supply.
• Government subsidies and tax benefits are encouraging private sector participation.
• Rural electrification and decentralized renewable solutions are gaining momentum.

Renewable Energy Industry Segmentation Analysis 2030

The industry is further segmented into:

Based on Source:

• Solar,
• Wind,
• Hydro,
• Others (Biomass, geothermal, etc.)

Based on End User:

• Residential,
• Commercial,
• Industrial

Future Outlook: A Sustainable Energy Revolution

With the growing emphasis on clean energy and decarbonization, the India Renewable Energy Market is set to expand significantly during 2025-2030. Government policies, technological advancements, and increasing investments are reshaping the market landscape, offering lucrative opportunities for industry players. Companies that align with evolving market dynamics and consumer expectations—leveraging SWOT analysis and strategic innovations—will dominate the sector, further accelerating India’s transition to a green energy future.