Energy Production in India Market

Energy Production in India Market

Report Description

https://www.srmvmarketresearch.com/product/1466427/energy-production-in-india-market

SRMV market Research forecasts the Energy Production in India Market to grow from USD 113.04 billion in 2019 to USD 288.03 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.46% during the forecast period. The factors driving the market are growing population along with increasing electrification in rural India, India’s initiative like make in India that leading the electricity demand in commercial end users and rising investment in clean energy.

India’s power sector is one of the most diversified in the world. Production of power ranges from Sources like conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, Hybrid and biomass. Electricity demand in the country has increased rapidly and is expected to grow further in the years to come. In order to meet the growing demand for electricity in the country, massive addition to the installed generating capability is s to establish.

Energy Production in India Market Analysis, by Region (2019 vs 2032) (US$ MN)  

Non-Conventional Sources of Energy segment is predicted to rise during the forecast period.

The potential shortages of oil and gas due to price rise and over-exploitation of energy which in turn, growing uncertainties about the security of energy supply in future. Besides, increasing usage of fossil fuels also causes serious environmental destructions. Therefore, there is a need to shift to renewable energy sources like solar energy, wind, tide, biomass and energy from waste material. India was the first country in the world to set up a ministry of non-conventional energy resources (Ministry of New and Renewable Energy (MNRE).

Wind energy segment is estimated to contribute at highest rate from 2020 to 2032.

Rising awareness Sustainable energy drive economic growth. Increasing technology usage in base level of production continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country by means of Renewable energy like wind. In India, the wind projects has been distributed to Northern, Western, Eastern and Southern regions each having a distinct production capacity. From the forecast data it can be inferred that Western and Southern regions play a significant part accounting to 93% of the entire production. Hence the production capacity can be attributed to the economic situation, policies of the state and most importantly their geographical location when it comes to wind energy production.

Energy Production in India Market Analysis, by Source (2019 vs 2032) (US$ MN)

Gujarat is estimated to grow at high rate during the forecast period.

The state of Gujarat is highly industrialized. Therefore, its electricity demand is also higher than other states when compared total installed electricity generation capacity with the population of respective states. It is at the top position in per capita installed electricity generation capacity during the increasing new establishments of production based industries in that state.

Companies operating in the field of Energy Production in India Market are Adani Power Limited, NTPC Ltd, Reliance Power Ltd (ADAG), power grid corporation india ltd, NLC India Ltd, JSW Energy Ltd, Tata Power Solar Systems Ltd, SJVN Ltd, Suzlon and ReNew Power Ventures.

Source·       Conventional sources
·       Non-conventional sources

Technology
·       Coal/Thermal Power
·       Petroleum
·       Solar Energy
·       Hydropower
·       Wind Energy
·       Oil and Natural Gas
·       Nuclear Power
·       Hybrid Energy

End-user
·       Commercial
·       Industrial
·       Utilities

Research Approach

SRMV market research is carried by extensive usage of secondary research sources, like research publications, Associations, Journals and Government websites to validate and collect information useful for this technical, market-oriented, and commercial study of every market. The points mentioned below explain the research methodology applied in making report.

Ø  Primary and secondary research has been conducted to determine the market segmentation, analytical data that linked to the research area across various countries for different technologies and services over a period of time.

Ø  Key players are identified by their shares, performance, etc. thereby, company profiling is provided by secondary research.

Ø  Based on all the gathered data, an analysis has been done to categorize the best performing or promising technology, service, or area of market in respective countries that holds major part of the market globally.

What we offer in reports:

Ø  Market Strategies for the new entrants and for International Expansion.

Ø  Market growth assessments on the regional and global bases of various geographies.

Ø  Opportunity Assessment and Competitor Assessment for every market.

Ø  Strategic recommendations in key business segments based on the market estimations.

Ø  Product portfolio with Product to Market Assessment, geographical presence and their performance analysis.

Ø  Technology Exploration, Supply Chain Analysis.

Ø  Production Analysis, Application Analysis and Feasibility Analysis of each segment.

Ø  Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Ø  Porter’s five forces analysis, SWOT analysis, etc.

Ø  Supply chain trends mapping the latest technological advancements of many companies in company profiling.

Ø  Polices and Regulatory Factors that exists and new that control the market and its trend.