South Asia Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South Asia Renewable Energy Market is segmented by Type (Hydro, Solar, Wind, and Others) and Geography (India, Pakistan, Bangladesh, Afghanistan, and the Rest of South Asia). The report offers the installed capacity and forecasts for the South Asia renewable energy market in gigawatts (GW) for all the above segments.

South Asia Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Asia Renewable Energy Market Size

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South Asia Renewable Energy Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 12.00 %
Market Concentration High

Major Players

South Asia Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South Asia Renewable Energy Market with other markets in Energy & Power Industry

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South Asia Renewable Energy Market Analysis

The South Asia Renewable Energy Market is expected to register a CAGR of greater than 12% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

  • Over the medium term, increasing investments and ambitious renewable energy targets are expected to drive the market's growth.
  • On the other hand, increasing penetration of natural gas for power generation is expected to hamper the growth of the South Asia renewable energy market during the forecast period.
  • South Asian developing countries are looking into inexhaustible and repeatable alternative energy sources such as solar, wind, hydro, and others are likely to create lucrative growth opportunities for the South Asia renewable energy market in the forecast period.
  • India is expected to dominate the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with supportive government policies in the country.

South Asia Renewable Energy Industry Overview

The South Asia Renewable Energy Market is fragmented in nature. Some of the major players in the market (not in particular order) include ReNew Power Limited, Greenko Group Plc, ACME Solar Holding Limited, Tata Power Solar Systems Ltd, and Suzlon Energy Ltd.

South Asia Renewable Energy Market Leaders

  1. ReNew Power Limited

  2. Greenko Group Plc

  3. ACME Solar Holding Limited

  4. Tata Power Solar Systems Ltd

  5. Suzlon Energy Ltd

  6. *Disclaimer: Major Players sorted in no particular order
 ReNew Power Limited,  Sindicatum Renewable Energy India Private Limited, Greenko Group Plc, ACME Solar Holding Limited,  Tata Power Solar Systems Ltd
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South Asia Renewable Energy Market News

  •  September 2022: Amazon India announced plans for the first set of utility-scale renewable energy projects in India. The three solar farms in Rajasthan total a combined clean energy capacity of 420 megawatts (MW). These include a 210 MW project to be developed by ReNew Power, a 100MW project by Amp Energy India, and a 110MW project to be developed by Brookfield Renewable.
  •  August 2022: the Bangladesh Power Development Board (BPDB) revealed that a 30 MW solar project began commercial operation in northern Bangladesh. The project is owned by Intraco Solar Power Ltd. (ISPL), a publicly listed Paramount Textile Ltd. (PTL) unit mainly involved in textile production. The BPDB will buy electricity from the power plant at a rate of USD 0.16/kWh over 20 years. The company invested USD 55 million in 110 acres to set up the power plant.

South Asia Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in GW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Force Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION & ANALYSIS

  • 5.1 Type
    • 5.1.1 Hydro
    • 5.1.2 Solar
    • 5.1.3 Wind
    • 5.1.4 Others
  • 5.2 Geography
    • 5.2.1 India
    • 5.2.2 Pakistan
    • 5.2.3 Bangladesh
    • 5.2.4 Afghanistan
    • 5.2.5 Rest of South Asia

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ReNew Power Limited
    • 6.3.2 Sindicatum Renewable Energy India Private Limited
    • 6.3.3 Greenko Group Plc
    • 6.3.4 ACME Solar Holding Limited
    • 6.3.5 Tata Power Solar Systems Ltd
    • 6.3.6 Suzlon Energy Ltd
    • 6.3.7 Adani Green Energy Limited
    • 6.3.8 Regen Renewables (Pvt) Ltd
    • 6.3.9 Zularistan Ltd.
    • 6.3.10 Sembcorp Industries Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South Asia Renewable Energy Industry Segmentation

Renewable energy is the energy collected from renewable resources such as sunlight, wind, water movement, and geothermal heat that are naturally replenished. 

The South Asia Renewable Energy Market is segmented by type. The market is segmented by solar, wind, hydro, and other types. The report also covers the market size and forecasts for the South Asia Renewable Energy Market across major countries. For each segment, the installed capacity and forecasts have been done based on gigawatts (GW).

Type Hydro
Solar
Wind
Others
Geography India
Pakistan
Bangladesh
Afghanistan
Rest of South Asia
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South Asia Renewable Energy Market Research FAQs

What is the current South Asia Renewable Energy Market size?

The South Asia Renewable Energy Market is projected to register a CAGR of greater than 12% during the forecast period (2025-2030)

Who are the key players in South Asia Renewable Energy Market?

ReNew Power Limited, Greenko Group Plc, ACME Solar Holding Limited, Tata Power Solar Systems Ltd and Suzlon Energy Ltd are the major companies operating in the South Asia Renewable Energy Market.

What years does this South Asia Renewable Energy Market cover?

The report covers the South Asia Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the South Asia Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Renewable Energy in South Asia Industry Report

Statistics for the 2025 South Asia Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Asia Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.