Surge in Demand for Clean Energy Driving Cleantech Market in India
A new Netscribes report on the cleantech market in India published on Research on Global Markets indicates India to be a key market for clean technology as billions are being invested in this sector, which in turn is expected to drive market growth in the foreseeable future.
The growing economy of the country and a surge in demand for clean energy to reduce pollution are the prime reasons that make investing in India, a lucrative proposition for investors. Foreign Direct Investment (FDI) in this sector - focusing more on sustainability than profitability - is also deemed to be a growth driver of this market.
However, the nature of renewable energy, which can be infirm and unreliable, can pose challenges for the growth of this market. Key highlights of this report:
- Historical, current and forecasted market size data for the Indian cleantech market
- Qualitative analysis of the Indian cleantech market and its segments - solar energy, wind energy, hydropower, and biogas energy
- Qualitative analysis of the major drivers and challenges affecting the market
- Analysis of the competitive landscape and profiles of major players operating in the market
This report has been formulated and designed with the purpose of giving businesses a concise understanding of the demand for cleantech in India to determine the viability of the market, develop strategies based on the drivers, and help brands identify competition and respond accordingly.
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