India Cleantech Market By Industry Overview
[PDF] India's cleantech sector refers to the domain of clean technologies that focus on sustainable practices, resource efficiency, and environmental conservation to address the challenges posed by climate change and depleting natural resources. India, being one of the fastest-growing economies and having a significant population, faces a substantial environmental burden, making the development and adoption of clean technologies crucial for its sustainable growth.
The Indian government has been actively promoting and supporting the cleantech sector through various policies, incentives, and regulatory frameworks. These initiatives aim to drive investments, research, and deployment of clean technologies. The push towards electric mobility continues, with the government's FAME program and various state-level incentives encouraging the adoption of electric vehicles. The growth of EV infrastructure and battery technologies is expected to drive further progress for India Cleantech Market.
India Cleantech Market By Industry Dynamics
Government Initiatives and Policies
The National Solar Mission (NSM) is one of India's main programs aiming at increasing the use of solar energy. It established aggressive targets for increasing solar power capacity and fostered the development of solar projects through incentives, subsidies, and financing instruments such as viability gap finance.
For instance, in July 2022, the government has taken many initiatives to promote renewable energy in the country, notably wind energy. One of the significant moves taken is to allow up to 100 percent FDI through the automated route. These decisions also include the establishment of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug-and-play basis, the laying of new transmission lines and the creation of new sub-station capacity for the evacuation of renewable power, the establishment of a project development cell to attract and facilitate investments, and so on.
Increasing Public Awareness
Increasing public awareness in the India cleantech market is a crucial aspect of driving sustainable practices, encouraging adoption of clean technologies, and fostering environmental consciousness among the population. The Indian government, through various ministries and agencies, has been running awareness campaigns and programs to educate the public about the benefits of clean technologies and sustainable practices. These campaigns often use multimedia channels, Social Media Analytics, and community events to reach a broader audience.
For instance, in January 2021, Petroleum Conservation Research Association (PCRA), Ministry of Petroleum and Natural Gas launched a month-long campaign to raise awareness among fossil fuel consumers about the negative health and environmental effects of expanding carbon footprints. Shri Tarun Kapoor, Secretary Ministry of Petroleum and Natural Gas and Chairman, PCRA, started the campaign here today. 'SAKSHAM's concept is to persuade customers to convert to cleaner fuels and to implement behavioral changes that will allow them to use fossil fuels more wisely.
Restrains:
Funding and financing challenges have been significant obstacles for the growth and deployment of clean technologies in India. Clean technologies often require significant upfront investments, making it challenging for businesses and projects to secure the necessary capital for initial setup. This is particularly true for renewable energy projects like solar and wind power plants, which involve substantial infrastructure costs.
India Cleantech Market By Industry Segmentation
India Cleantech Market is segmented based on Industry Type.
Industry Type Insight
On the basis of Industry Type, India Cleantech Market is segmented into Solar Energy, Wind Energy, Hydropower, and Biogas Energy. Wind Energy type is expected to dominate the target market growth as wind energy is a well-established and widely used renewable energy source in India. The country has favorable wind resources, particularly along its coastal regions and in some inland areas. Wind power projects, both onshore and offshore, have been set up across various states. The government's focus on promoting wind power and auctioning wind projects has led to substantial growth in the wind energy sector.
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Industry Type - Solar Energy, Wind Energy, Hydropower, and Biogas Energy |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the India Cleantech Market report based on Industry Type:
India Cleantech Market, By Industry Type:
- Solar Energy
- Wind Energy
- Hydropower
- Biogas Energy
India Cleantech Market By Industry Key Players
The key players operating the India Cleantech Market includes, Azure Power Global Ltd., Gram Power India Pvt. Ltd., Husk Power System Pvt. Ltd., Indowind Energy Ltd., and NEPC India Ltd
India Cleantech Market By Industry Company Profile
Company Profile:
- Azure Power Global Ltd. *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gram Power India Pvt. Ltd.
- Husk Power System Pvt. Ltd.
- Indowind Energy Ltd.
- NEPC India Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
Recent Development:
- In April 2023, Mercom India which is considered as a clean energy research and communications firm, launched its first start-up pitch competition to provide a big stage for Indian entrepreneurs and companies to present their innovative cleantech ideas or technologies in early-stage development. The competition will be held at the Mercom India renewables summit at Hyatt Regency in New Delhi and this competition aims to bring together the most innovative startups across India’s clean energy sector.
- In May 2023, Government launched new scheme for livelihood applications of distributed renewable energy. There is already a lot of work being done on the ground, and this scheme has the potential to aid thousands of families across the country. However, large-scale production and standardization of distributed RE applications are required to cut prices and expand the market. The government intends to reduce the cost of Distributed Renewable Energy (DRE) livelihood equipment. Collaboration with banks will be one component of this. If a family wishes to buy a solar dryer, they should be able to secure bank financing.
India Cleantech Market By Industry Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- India Cleantech Market, By Type, 2022 – 2032, (US$ Bn)
- Overview
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- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Solar Energy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Wind Energy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Hydropower
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Biogas Energy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
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- India Cleantech Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Exxon Mobil
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- World Fuel Services
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BP
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shell
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- China Marine Bunker
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bunker Holding
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Total Marine Fuel
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chemoil
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bright Oil
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sinopec
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The India Cleantech Market is segmented into Industry Type.
India Cleantech Market is driven by factors like government initiatives and policies and increasing public awareness. India Cleantech Market is driven by factors like government initiatives and policies and increasing public awareness.
The key players operating the India Cleantech Market includes, Azure Power Global Ltd., Gram Power India Pvt. Ltd., Husk Power System Pvt. Ltd., Indowind Energy Ltd., and NEPC India Ltd.