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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