India Distributed Energy Generation Market Size & Outlook
India distributed energy generation market, 2016-2027 (US$M)
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India distributed energy generation market highlights
- The India distributed energy generation market generated a revenue of USD 20,426.6 million in 2019 and is expected to reach USD 50,686.5 million by 2027.
- The India market is expected to grow at a CAGR of 12% from 2020 to 2027.
- In terms of segment, fuel cells was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
Distributed energy generation market data book summary
| Market revenue in 2019 | USD 20,426.6 million |
| Market revenue in 2027 | USD 50,686.5 million |
| Growth rate | 12% (CAGR from 2019 to 2027) |
| Largest segment | Fuel cells |
| Fastest growing segment | Solar Photovoltaic |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wind Turbine, Reciprocating Engines, Fuel Cells, Solar Photovoltaic, Gas & Steam Turbines |
| Key market players worldwide | Vestas Wind Systems A/S, Caterpillar Inc, Ballard Power Systems Inc, Rolls-Royce Holdings PLC, GE Aerospace, Siemens AG, Schneider Electric SE, Sharp Corp, First Solar Inc, Mitsubishi Electric Corp, Toyota Motor Corp, Doosan Heavy Industries & Construction, Suzlon Energy, Capstone Green Energy, ENERCON |
Other key industry trends
- In terms of revenue, India accounted for 8.4% of the global distributed energy generation market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China distributed energy generation market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 162,553.7 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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India distributed energy generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed energy generation market will help companies and investors design strategic landscapes.
Fuel cells was the largest segment with a revenue share of 31.52% in 2019. Horizon Databook has segmented the India distributed energy generation market based on wind turbine, reciprocating engines, fuel cells, solar photovoltaic, gas & steam turbines covering the revenue growth of each sub-segment from 2016 to 2027.
The growth of the Indian economy has led to the significant development in infrastructure activities, mainly led by smart cities industrial corridors and special economic zones. Smart cities are part of development plan that aim to transform cities using data driven solution.
These solutions integrate facilities, infrastructure, and citizens to efficiently manage need of urban areas. Under the smart cities mission launched by government, 99 cities have been shortlisted for transformation. The development of such infrastructure will support the growth of the captive power generation in India, which will contribute to market growth over the forecast period.
Growing government initiatives for distributed energy generation in form of incentives and subsidies, technological advancements aimed at lowering the cost of DEG systems and increasing in-house energy demand from industrial and commercial sectors in India are the key factors expected to fuel the market in the coming years.
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Our clientele includes a mix of distributed energy generation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India distributed energy generation market , including forecasts for subscribers. This country databook contains high-level insights into India distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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India distributed energy generation market size, by technology, 2016-2027 (US$M)
India Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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