The newest analysis of the India Power Sector Market Report 2023 by Report Ocean focuses on a number of market-related topics, such as its characteristics, size and growth, segmentation, regional and national breakdowns, competitive environment, market shares, trends, and strategies. It also contains the COVID-19 Outbreak Impact and echoes of the past occurrences. According to regions and market categories, the analysis presents a list of predicted prospects, sales, and revenues. In addition, it covers additional subjects like manufacturing cost analysis, industrial chains, etc. Ask for Free Sample Request
Key Market Features:
Significant factors including revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all evaluated in the study. Additionally, it provides a complete analysis of the relevant market segments and sub-segments, as well as the most crucial market dynamics and their most recent changes.
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India ranks third among all the electricity-producing countries and second in consuming electricity globally. The country’s installed power capacity was 392.02GW as of 2021. Power is an inevitable component in the growth of the economy and nation. India’s power generation portfolio involves various conventional sources such as coal, natural gas, oil, and renewable sources such as hydro, wind, solar, and waste.
The major players include Adani Power Limited, CESC Limited, Damodar Valley Corporation, and NTPC Limited.
India is the third largest producer of electricity in the world. In FY 2021, year-on-year power generation dropped by -2.49% due to the economic slowdown. The electricity market faced a demand deficiency of -3.18 Bn Units, with a CAGR of 4.00% in FY 2021. The peak demand also declined by -0.80 GW, with a CAGR of 4.52%.
In India, electricity generation primarily depends on thermal sources (coal, lignite, gas, and diesel). Thermal power generation accounts for 59.8% of the total production capacity. The country also has several renewable energy sources such as hydro, wind, and solar. The hydro and other renewable power sources have 11.9% and 26.5% share, respectively. Furthermore, India has a nuclear power generation capacity of 6.78 GW. Total Installed Generation Capacity of private, central, and state sectors account for 48.4%, 25.1%, and 26.5%, respectively.
COVID-19 impact analysis:
The pandemic and the resultant lockdown in 2021 imposed by the government hampered the power sector. Several industrial and commercial activities were stopped due to the lockdown, leading to a huge fall in the demand for electricity. During the lockdown, officegoers adopted remote working, increasing residential power demand. Electricity distribution companies also faced financial issues. The lockdown in 2021 also caused disruptions in coal mining, leading to a shortage of raw materials. In 2020, during the first lockdown the Government of India stopped all trade relations with China, therefore solar PV modules and electricity generation equipment are scarce. Consequently, there was a rapid fall in electricity demand during the lockdown.
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Our analysis distinguishes out in addition to the general estimates because it includes carefully considered factors such as the COVID-19 containment status, the recovery of the end-use market, and the recovery timescale for 2020/ 2021.
The geographical portion of the study analyzes the market based on regional and national breakdowns, providing reliable information on past and future growth as well as size estimates. For every region, the impacts and anticipated course of COVID-19 recovery are mentioned. To help readers understand current trends and aid in decision-making, the research provides an outlook on emerging market trends and the factors driving the growth of the region.
Why to Choose Our Report?
- Our expertly written study provides succinct solutions and identifies the fantastic chances for investors to make new investments.
- Additionally, it provides superior market plan trajectories and a thorough examination of the infrastructures, possibilities, and constraints that currently face the industry.
- This study offers details regarding end-consumer target groups and their prospective operating volumes, together with the potential locations and sectors to target and the advantages and constraints of participating in the market, in order to assist businesses in developing better strategies.
- Any market’s strong growth is a result of its motivating factors, obstacles, key vendors, important industry trends, etc., all of which are in-depthly discussed in our analysis.
- Additionally, it leads readers through segmentation analysis based on several factors, like product type, application, end consumers, etc. A SWOT analysis of each player is also included in the study, along with information on their product lines, production, value, capacity, etc.
- The study includes information about import and export, significant players, production, and income based on regional markets in a separate part. The research includes details on significant manufacturers, significant market segments, the range of products, years taken into account, and study objectives.
- In addition, the study’s effective SWOT analysis can be used to determine the data’s accuracy.
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