India's renewable power consumption has exhibited substantial growth from 2013 to 2023, rising from 0.63 to 2.48 Exajoules. The year-on-year variations over this period feature notable peaks including 19.82% in 2017, 24.24% in 2018, and 18.01% in 2022, pointing to significant scaling efforts. The five-year CAGR leading up to 2023 is 13.62%, underscoring sustained annual growth.
Forecasts from 2024 to 2028 suggest continued growth with projected consumption reaching 4.08 Exajoules. However, the forecasted five-year CAGR of 7.84% indicates a deceleration compared to past growth rates.
Future trends to watch for:
- Investment in advanced renewable technologies and storage solutions.
- Policy shifts toward more aggressive renewable energy targets.
- Integration of decentralized and off-grid renewable systems.
- Enhanced cross-sector collaboration to foster innovation in the renewable sector.
Latest reports
US Renewable Energy Market Report- Q4 2024
The US renewable energy sector continued to exhibit robust growth in the fourth quarter of 2024, propelled by significant advancements and strategic investments...
China Renewable Energy Market Report- Q4 2024
The fourth quarter of 2024 marked a significant period for the renewable energy sector in China, characterized by substantial advancements in solar and...
Japan Renewable Energy Market Report- Q4 2024
In the fourth quarter of 2024, Japan's renewable energy market experienced significant growth, primarily driven by robust government policies and technological advancements across...
Germany Renewable Energy Market Report- Q4 2024
The fourth quarter of 2024 has been a transformative period for Germany's renewable energy market, marked by dynamic shifts in energy production, strategic...
India Renewable Energy Market Report- Q4 2024
In the fourth quarter of 2024, India's renewable energy market continued to demonstrate robust growth and dynamic developments across various segments, reflecting the...
UK Renewable Energy Market Report- Q4 2024
The UK renewable energy sector in Q4 2024 showcased significant advancements and challenges, reflecting its crucial role in the country's energy transition. This...
Canada Renewable Energy Market Report- Q4 2024
The Canadian renewable energy market in Q4 2024 continues to exhibit remarkable growth and resilience, driven by strategic investments, technological innovations, and supportive...
Brazil Renewable Energy Market Report- Q4 2024
The renewable energy market in Brazil continues to experience dynamic growth, driven by advancements in solar and wind energy sectors. In Q4 2024,...
Italy Renewable Energy Market Report- Q4 2024
The fourth quarter of 2024 saw significant developments in Italy's renewable energy landscape, marked by strategic investments, technological advancements, and increased international interest....
South Korea Renewable Energy Market Report- Q1 2025
In the first quarter of 2025, South Korea's Renewable Energy sector experienced significant advancements and challenges, reflecting broader economic and geopolitical dynamics. The...
