India Thermal Power Market Analysis Report 2023:
India is Expected to Commission 10 Thermal Power Units of an Aggregate 7,010 MW Capacity in FY2023 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Thermal Power Market in India” report has been added to ResearchAndMarkets.com’s offering.
The cumulative thermal power installed capacity in India increased from 222.91 GW in FY 2018 to 236.11 GW in FY 2022, expanding at a compound annual growth rate (CAGR) of 1.45% during FY 2018 – FY 2022 period
Thermal power generation employs steam power generated by the combustion of oil, liquid natural gas (LNG), coal, and other substances to turn generators and generate electricity. Thermal power plants generate electricity using a variety of fuels based on their ability to obtain them reliably, economically, and environmentally.
Market insights:
India added a capacity of 4,485 MW through eight thermal power plants in FY 2022. India is expected to commission ten thermal power units of an aggregate 7,010 MW capacity in FY 2023.
Impact of COVID-19:
The COVID-19 pandemic hindered the steady growth of the Indian thermal power sector. The closure of business activities and industrial production resulted in a sharp decline in power consumption in the commercial and industrial sectors, while the stay-at-home order led to an increase in consumption in the residential sector.
Government initiatives:
The government has undertaken certain schemes and programs to promote and expand the indigenous renewable energy resource capacity to create a sustainable environment, as well as reduce energy costs.
Due to the rising demand for electricity and the inability of domestic coal companies to meet demand, the power ministry advised all Gencos, including independent power producers (IPPs), on April 28 to blend 10% imported coal into power generation to supplement domestic coal supply.
Key growth drivers of the market:
Industrial development in recent years has strengthened the power sector which resulted in an increased demand for electricity and is expected to rise further. Evolving demographic characteristics of the country, coupled with rapid urbanization attributed to the increased demand for power in the domestic sector.
Key deterrents to the growth of the market:
Players in the Indian power sector face significant challenges owing to the struggle in acquiring raw materials.
The weak infrastructure of the transmission and distribution (T&D) system also hinders the supply of power among consumers, leading to considerable transmission and distribution losses (T&D losses). The increasing usage of renewable energy also affects the growth of the market.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Socio-economic Indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Government organizations that control the renewable energy market
Chapter 4: Market Overview
4.1. Thermal Power Market in India – An Overview
4.1.1. Installed capacity of thermal power (GW) (FY 2018 – FY 2022)
Chapter 5: Market Segmentation
5.1. Thermal Power Market in India – Segmentation
5.1.1. Sector-wise breakup of installed capacity (FY 2021 and FY 2022)
5.1.2. Category-wise breakup of installed capacity (FY 2021 and FY 2022)
Chapter 6: Impact of COVID-19
6.1. Impact of COVID-19
Chapter 7: Government Initiatives
7.1. Government initiatives
Chapter 8: Market Influencers
8.1. Market drivers
8.2. Market challenges
Chapter 9: Trade Analysis
9.1. Trade Analysis
Chapter 10: Competitive Landscape
10.1. Adani Power Limited
10.2. CESC Limited
10.3. Damodar Valley Corporation (DVC)
10.4. JSW Energy Limited
10.5. NTPC Limited
10.6. Reliance Power Limited
10.7. SJVN Limited
10.8. The Tata Power Company Limited
10.9. Torrent Power Limited
10.10. Sembcorp Energy India Limited
Chapter 11: Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/jmr5j1
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