Green Technology Market in India 2021

The green technology market in India is dominated by green energy. The electric vehicles, and water and wastewater treatment are the other important market segments. The installed capacity of the green energy sector stood at 94.43 GW in FY 2021, with a target to reach 275 GW by FY 2027. In terms of sales volumes, the electric vehicles market in India reached 148,430 units in FY 2021, expanding at a remarkable compound annual growth rate (CAGR) of 42.80% during the FY 2017 and FY 2021 period. In terms of revenue, the market for water and wastewater treatment in India is estimated to reach INR 2,413.70 Bn by 2026, expanding at a CAGR of 12.03% during the 2021 2026 period.
Segment insights:
The green energy sector in India is dominated by solar energy, followed by wind, biomass, and small hydro. Several initiatives to promote solar parks, solar cities, and solar pumps, as well as the National Solar Mission are responsible for the remarkable increase in Indias solar capacity. In FY 2021, Indias installed capacity for solar and wind energy stood at 40.09 GW and 39.25 GW, respectively. Wind energy projects in India are concentrated in Tamil Nadu, Rajasthan, and Maharashtra. The countrys aim is to attain green energy capacities of 175 GW by FY 2022 and 275 GW by FY 2027. However, factors such as supply chain disruptions because of the pandemic is likely to hinder installation targets.
In FY 2021, electric two-wheelers was the largest segment in the electric vehicles market in India, accounting for ~96.91% of the total sales volume. The electric four-wheelers has gained traction owing to the gradual adoption of electric vehicles for public transport. Moreover, the growing popularity of hybrid e-cars is expected to propel the electric four-wheeler market.
Market influencers:
The enormous potential for green energy in India, coupled with the approval of 100% FDI, has made the country an attractive destination for capital influx. During the first quarter of FY 2021, India witnessed investments worth USD 6.6 Bn. Supportive policies such as the National Electric Mobility Mission Plan (NEMMP) and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) have fostered the penetration of electric vehicles in India. In addition, investments through public-private partnerships (PPP), tax reductions, and exemptions from basic customs duty are estimated to boost the sale of electric vehicles during the forecast period.
The green technology market in India is constrained by the lack of an integrated and unified policy structure and difficulties in accessing finance. There are numerous policies catering to various sub-segments of the green technology sector, which also lack in terms coordination at the state and central levels. On the other hand, green technology start-ups face challenges in acquiring early-stage funding. The stringent eligibility criteria prevent green tech entrepreneurs from availing the benefits of government schemes. Moreover, challenges in the form of grid integration, scheduling, forecasting, and power purchase agreements (PPA) impede the realization of Indias green energy potential.

Impact of COVID-19:
With COVID-19 infections increasing again in the first quarter of FY 2022, there were delays in the commissioning of green energy projects and halting of capacity addition programs. The sales and registration of EVs also slumped in FY 2021. The registration of new EVs dropped by 20% in FY 2021 as compared to the previous year. The negative impact of the pandemic on pulp and paper, food and beverages, power, and electronics, which are the major end-user industries, slowed down the water and wastewater treatment market.
In the long term, the pandemic is anticipated to bring in several positive changes in the green technology market. Growing penetration of EVs in public transportation and increased participation of green energy sources in the energy mix are a few of them. EVs havethe potential to play a key role in lessening the economic impact of the pandemic by lowering oil import bills. On the other hand, electric mobility is projected to be the key facilitator of a sustainable growth plan of the transportation sector in a post-pandemic India.
Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Green technology market in India Overview
4.1. Green technology market in India Overview

Chapter 5: Green technology market in India Overview
5.1. Green energy market in India Overview
5.1.1. Renewable energy installed capacity (FY 2017 FY 2021)
5.1.2. Renewable energy installed capacity target (FY 2022 and FY 2027)
5.2. Green energy market in India Segmentation
5.2.1. Renewable energy installed capacity (GW), by source (FY 2021)
5.2.2. Renewable energy installed capacity target, by source (FY 2022)
Chapter 6: Electric vehicles market in India Overview
6.1. Electric vehicles market in India Overview
6.1.1. Sales of electric vehicles (FY 2018 FY 2021)
6.1.2. Key manufacturers of electric vehicles in India
6.2. Electric vehicles market in India Segmentation
6.2.1. Sales of electric vehicles, by type (FY 2017 FY 2021)

Chapter 7: Water and wastewater treatment market in India Overview
7.1. Water and wastewater treatment market in India Overview
7.1.1. Market size and growth forecast based on value
(2018 2026e)
7.2. Water and wastewater treatment market in India Segmentation
7.2.1. Municipal water and wastewater treatment market in India Historical market size (2018 2020) Forecast market size (2021e 2026e) Municipal water and wastewater treatment market share (2020 and 2026e)
7.2.2. Industrial water and wastewater treatment market in India Historical market size (2018 2020) Forecast market size (2021e 2026e) Industrial water and wastewater treatment market share (2020 and 2026e)

Chapter 8: Impact of COVID-19
8.1. COVID-19 Impact Analysis
8.1.1. Delayed commissioning of green energy projects
8.1.2. Decline in capacity addition
8.1.3. Decline in EV sales
8.1.4. Promising signs
8.1.5. Recovery in investments
8.1.6. Electric mobility supporting economic sustainability
8.1.7. EV penetration in several mobility paradigm

Chapter 9: Market influencers
9.1. Market drivers
9.2. Market challenges

Chapter 10: Competitive landscape
10.1. Adani Green Energy Limited
10.1.1. Company information
10.1.2. Business description
10.1.3. Products/services
10.1.4. Key people
10.1.5. Financial snapshot
Note: Similar information areas covered for the remaining companies
10.2. Bharat Heavy Electricals Limited
10.3. Exide Industries Limited
10.4. Suzlon Energy Limited
10.5. Tata Chemicals Limited
10.6. Tata Power Limited
10.7. Thermax Limited
10.8. Ampere Vehicles Private Limited
10.9. Hero Electric Vehicles Private Limited
10.10. Mahindra Electric Mobility Limited

Chapter 11: Recent developments

Chapter 12: Appendix
12.1. Research methodology
12.2. About Netscribes
12.3. Disclaimer

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