India Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

India Power Market Report Overview

The annual power consumption in India was 1,732.4TWh in 2022 and will grow at a CAGR of more than 4% during 2022-2035. In 2022, the industrial sector had the dominant share in power consumption followed by the residential sector.

India Power Market Outlook 2022-2035 (TWh)

India Power Market Outlook (2022-2035)

The market research report discusses the India power market outlook. It provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also analyzes the Finland power market’s regulatory structure and competitive landscape.

Total Power Consumption (2022) 1,732.4TWh
CAGR (2022-2035) >4%
Historical Period 2010-2021
Forecast Period 2022-2035
Key Regulations (Renewable Energy) ·        India’s Central Electricity Regulatory Commission (CERC) introduced a national-level regulation on Renewable Energy Certificates (REC)
Key Deal Types ·        Partnerships

·        Debt Offerings

·        Acquisition

·        Asset Transactions

·        Others

Key Companies ·        NTPC

·        Tata Power

·        Adani Power

·        MSPGCL

·        Others

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

India’s Power Market Regulators

  • India’s Central Electricity Regulatory Commission (CERC) introduced a national-level regulation on Renewable Energy Certificates (REC) and tradable energy instruments in January 2010.
  • Utility companies and power generators that exceed their renewable energy targets can sell surplus certificates to companies that do not achieve their targets.
  • The RECs are sold on the Indian Energy Exchange and Power Exchange of India and are approved by the CERC within predetermined floor and ceiling prices. The compliance of the company with REC requirements is monitored by compliance auditors.

To Get More Insights into India’s Power Market Regulators

Download a free Report Sample

India Power Market – Competitive Landscape

The key companies in the power market in India include NTPC, Tata Power, Adani Power, MSPGCL, and others. In 2022, Indian power generation market was dominated by NTPCr.

NTPC Ltd: NTPC Ltd (NTPC) is an energy conglomerate. It has a presence in the entire value chain of the power generation business. The company produces electricity and sells that to state power utilities on a wholesale basis. It generates electric power using coal, gas, liquid fuel, and hydro sources. The company also provides consultancy, project management, and supervision; holds interests in coal mining blocks; and carries out energy trading, oil and gas exploration, and coal mining.

India Power Market Analysis by Companies, 2022 (%)

India Power Market Analysis by Companies, 2022 (%)

India Power Market Segmentation by Deal Types

Based on deal type, the power deals market in India was dominated by partnerships in 2022, followed by debt offerings and acquisitions.

India Power Market Analysis by Deal Types, 2022 (%)

India Power Market Analysis by Deal Types, 2022 (%)

India Power Market Deal Type Outlook (Value, 2010-2035)

  • Debt Offerings
  • Acquisition
  • Asset Transactions
  • Partnerships
  • Others

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035.
  • Capacity, generation, and major power plants by technology.
  • Data on leading active and upcoming power plants.
  • Information on transmission and distribution infrastructure, electricity imports and exports,
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
  • Identify key factors driving investment opportunities in the country’s power sector.
  • Facilitate decision-making based on strong historical and forecast data.
  • Develop strategies based on the latest regulatory events.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Identify key partners and business development avenues.
  • Identify key strengths and weaknesses of important market participants.
  • Respond to your competitors’ business structure, strategy, and prospects.

NTPC
Tata Power
Adani Power
MSPGCL
NPCIL
NHPC

Table of Contents

1 Executive Summary

1.1 Coal based thermal power capacity additions, a major hindrance in achieving the country’s climate goals

1.2 Electricity consumption to grow at a healthy rate

2 Introduction

2.1 India Power Market

2.2 GlobalData Report Guidance

3 India Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4 India Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

– Deal Value and Volume, 2010–2022

– Deals by Type, 2022

4.4 India Power Market, Demand Structure

– Power Consumption by Sector, 2022.

5 India Power Market, Regulatory Scenario

5.1 Thermal Power Policy

5.2 Nuclear Power Policy

5.3 Renewable Energy Market, Overview

5.4 Policy Snapshot

5.5 Renewable Energy Targets

5.6 Electricity Act of 2003

– National Electricity Policy (NEP, 2022)

– National Electricity Policy (NEP, 2021)

5.7 Electricity (Amendment) Bill, 2022

5.8 National Renewable Energy Act, 2015

5.9 Cross Border Power Trade Regulation, 2020

5.10 Cross Border Electricity Trade, 2021

5.11 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy

5.12 National Action Plan on Climate Change

– State Action Plan on Climate Change (SAPCC)

5.13 Amendments in National Tariff Policy

5.14 Renewable Energy Certificates

– REC Amendment 2021

– REC Amendment 2022

5.15 Memorandum- “Make in India” for Local Content in Renewable Energy Products

5.16 Memorandum-Quality of Solar Modules

5.17 National Wind-Solar Hybrid Policy

5.18 Quality Control Manual for Grid Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems

5.19 Green Term Ahead Market (GTAM)

5.20 Green Energy Corridor

5.21 Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects

5.22 Extension on Waiver of Inter-State Transmission Charges

5.23 Union Budget Allocation

– 2023-2024

– 2022-2023

5.24 National Hydrogen Mission

5.25 Renewable Energy Auctions

– Auction Analysis

5.26 Feed-in-Tariffs

– Small Hydro

– Bioenergy

– Solar Power

– Wind Power

5.27 Support for Renewable Energy, India

– Support for Solar Power

– Support for Wind Power

– Support for Biopower

– Support for Small Hydropower

6 India Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2022

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Nuclear Power Capacity and Generation, 2010–2035

6.6 Renewable Power Capacity and Generation, 2010–2035

7 India Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

7.5 Electricity Trading

8 India Power Market, Major Generating Companies

8.1 NTPC Ltd

– Company Overview

– Business Description

– SWOT Overview

8.2 Maharashtra State Power Generation Co Ltd

– Company Overview

– Business Description

– SWOT Overview

8.3 Tata Power Co Ltd

– Company Overview

– Business Description

– SWOT Overview

8.4 Adani Power Ltd

– Company Overview

– Business Description

– SWOT Overview

8.5 Tamil Nadu Generation and Distribution Corporation Ltd

– Company Overview

– Business Description

9 Appendix

9.1 Abbreviations

9.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

9.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

About GlobalData

Contact Us

Table

List of Tables

Table 1: Power Market, India, Macroeconomic Factors, 2010–2030

Table 2: Policy Snapshot, India, 2022

Table 3: Renewable energy market, India, state-wise renewable energy targets vs actuals, 2022

Table 4: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2023-2030

Table 5: Renewable Energy Certificate Volume, India, 2022-23

Table 6: Renewable Energy Auctions, India, 2018-2022

Table 7: Renewable Energy Market, India, FiT for Small Hydro, 2019-2023

Table 8: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2022-23

Table 9: Renewable Energy Market, India, Net Metering Regulations in Leading States

Table 10: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka

Table 11: Power Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Table 12: Power Market, India, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 13: Thermal Power Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Table 14: Thermal Power Market, India, Major Plants, 2022

Table 15: Hydropower Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Table 16: Hydropower Market, India, Major Plants, 2022

Table 17: Nuclear Power Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Table 18: Nuclear Power Market, India, Major Plants, 2022

Table 19: Renewable Power Market, India, Cumulative Capacity (GW), 2010–2035

Table 20: Renewable Power Market, India, Annual Generation (TWh), 2010–2035

Table 21: Renewable Power Market, India, Major Plants, 2022

Table 22: Power Market, India, Transmission Line Length (Ckm) by Voltage Level, 2010–2027

Table 23: Power Market, India, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 24: Power Market, India, Annual Electricity Import and Export (TWh), 2000–2022

Table 25: Power Market, India, Upcoming Interconnection Projects

Table 26: Abbreviations

Figures

List of Figures

Figure 1: Power Market, India, Annual Generation Share (%), 2022 and 2035

Figure 2: Power Market, India, Annual Power Consumption, 2010–2035

Figure 3: Power Market, India, Country Summary

Figure 4: Power Market, India, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, India, Market Structure

Figure 6: Power Market, India, Market Share of Generation Companies (%), 2022

Figure 7: Power Market, India, Deal Value and Number of Deals, 2010–2022

Figure 8: Power Market, India, Deals by Type (%), 2022

Figure 9: Power Market, India, Annual Power Consumption, 2010–2035

Figure 10: Power Market, India, Deals by Type (%), 2022

Figure 11: Renewable Auctions, Auctioned Capacity (GW) Vs. Awarded Capacity (GW), India, 2017-2022

Figure 12: Renewable Auctions, Awarded Capacity (GW) by Technology, India, 2017-2022

Figure 13: Renewable Auctions, Solar PV Prices ($/MWh), India, 2017-2023

Figure 14: Power Market, India, Cumulative Capacity Share by Technology (%), 2022

Figure 15: Power Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Power Market, India, Capacity Share by Technology, 2010–2035

Figure 17: Power Market, India, Annual Generation Share by Technology, 2010–2035

Figure 18: Thermal Power Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Figure 19: Hydropower Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Figure 20: Nuclear Power Market, India, Cumulative Capacity and Annual Generation, 2010–2035

Figure 21: Renewable Power Market, India, Cumulative Capacity, 2010–2035

Figure 22: Renewable Power Market, India, Annual Generation, 2010–2035

Figure 23: Power Market, India, Annual Electricity Import and Export, 2000–2022

Frequently asked questions

India Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape thematic reports
Currency USD
$2,500

Can be used by individual purchaser only

$7,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

India Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at India Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape in real time.

  • Access a live India Power Market Outlook to 2035 – Market Trends, Regulations and Competitive Landscape dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.