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India Power Market Size, Status and Growth Outlook 2021-2025

India Power Market 2021-2025 includes an elaborative summary of the market that provides in-depth knowledge of various segments of the market. The report focuses on the emerging trends in the India and regional spaces on all the significant components, such as market capacity, demand and supply, production, profit, and competitive landscape. The research evaluates the India Power market size, growth scenario, potential opportunities, trend analysis, and competitive analysis of the market. Also, the report presents the impact of the Covid-19 pandemic on the Power market comparing it with the working of the market before covid-19 and suggestions related to growth Post-Covid-19.

The India Power market is undergoing a major transformation phase owing to the efforts taken by the government to improve electricity access in the country along with its plans to increase the share of renewables in the country’s power generation mix. Factors such as population growth in India which is expected to overtake China as the world’s most populous country by 2025 are a strong propeller for the power market. The degree of urbanization in the country will also have significant implications on the trend of energy consumption because of the increase in demand from industries that use energy for construction and manufacturing and in turn driving the power market in India during the forecast period.

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Market Overview: –

– Thermal sources such as coal, oil, and natural gas which constitute 62.8% of the total power generated in India are likely to dominate the India Power Market with coal holding a major share of more than 50% as of 2019.
– India has abundant availability of solar irradiance and receives solar energy throughout the year. This has created enormous opportunities to exploit solar energy from the sunniest sites in the country, especially, Rajasthan, Gujarat, and Andhra Pradesh. The aforementioned factor clubbed with foreign investment and extensive R&D projects provide an opportunity for the growth of the power market in India.
– The Indian government has planned an investment of USD 2.15 billion to electrify houses in rural areas during the forecast period, for which heavy investments in the transmission network are being done, further driving the power market in India.

Competitive Landscape: –

The Indian power market is moderately consolidated. Some of the key players in this market are NTPC Ltd., NLC India Ltd, SJVN Ltd, JSW Group and Power Grid Corporation India Ltd. among others.

Key Market Trends: –

Thermal Source for Power Generation to Dominate the Market

– Power generation uses a variety of sources ranging from fossil fuels like coal and oil to renewable sources like wind and solar. The energy mix for electricity generation is dominated by fossil fuels like coal, oil, and natural gas, with the three constituting almost over 65% of the global energy mix.
– The power generation mix is heavily skewed toward coal with major contribution, because of cheaper domestic fuel availability. Its share in the mix has increased over the years due to constraints in adding other conventional generation sources hydro, nuclear, and gas.
– In Dahej, Gujarat, a 2640 MW coal-based thermal power plant is under construction by Adani Power Limited, along with several other projects underway, which in turn would drive the market soon.
– Oil remains an essential energy source for India. It is the second-largest source in the country’s total primary energy supply (TPES) and the largest in its total final consumption (TFC). Oil demand has increased rapidly over the last several decades and India is now the third-largest oil-consuming country in the world.
– Most hard coal resources are located in seven states: Jharkhand, Odisha, Chhattisgarh, West Bengal, Madhya Pradesh, Maharashtra, and Telangana. And lignite resources are concentrated in three states: Tamil Nadu, which accounts for 80% of lignite resources, Rajasthan and Gujarat.

Indias Need for Robust Power Transmission Network

– Transmission system establishes the link between the source of generation on one side and the distribution system, which is connected to load / ultimate consumer, on the other side. Transmission planning is a continuous process of identification of transmission system addition requirements, their timing, and needs.
– India has adequate power generation capacity, but it has some proportion of the population having limited access to electricity because of lack of proper transmission network and infrastructure. To achieve the target of electricity for all, there is a demand for transmission networks and hence driving the power market.
– As of May 2019, India has 414,858 ckt km transmission lines, POWERGRID (A listed company of the Government of India) owns and operates around 85% of India’s transmission network, with a share of 40-50% of all transmitted electricity.
– Similarly, in 2018, India was the third-largest electricity-generating nation in the world. This power is generated from both conventional and renewable sources. The country has made major strides in improving access to power among both rural and urban communities through various government-led schemes focused on Power for All.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Power Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Power Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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