India: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in India

In 2021, after five years of growth, there was significant decline in the Indian wind powered generator market, when its value decreased by -10.1% to $X. Overall, consumption showed a relatively flat trend pattern. Wind powered generator consumption peaked at $X in 2020, and then shrank in the following year.

Wind Powered Generator Production in India

In value terms, wind powered generator production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 5.5% against the previous year. As a result, production attained the peak level of $X, and then shrank slightly in the following year.

Wind Powered Generator Exports

Exports from India

In 2021, overseas shipments of wind powered generating sets increased by 145% to X units, rising for the second year in a row after four years of decline. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 400%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wind powered generator exports surged to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 362% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The Philippines (X units), Germany (X units) and Poland (X units) were the main destinations of wind powered generator exports from India, with a combined 73% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +270.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for wind powered generating sets exports from India, comprising 61% of total exports. The second position in the ranking was taken by France ($X), with a 25% share of total exports. It was followed by Italy, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +235.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+309.6% per year) and Italy (+6.2% per year).

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, with a decrease of -38.9% against the previous year. Over the period under review, the export price showed a perceptible contraction. The growth pace was the most rapid in 2017 when the average export price increased by 352%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+158.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into India

In 2021, the amount of wind powered generating sets imported into India declined significantly to X units, waning by -85.3% against the previous year. Overall, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2015 with an increase of 437%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wind powered generator imports contracted notably to $X in 2021. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 1,060%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wind powered generator supplier to India, with a 54% share of total imports. Moreover, wind powered generator imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. Japan (X units) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.9% per year) and Japan (+32.0% per year).

In value terms, China ($X), Japan ($X) and Spain ($X) appeared to be the largest wind powered generator suppliers to India, with a combined 86% share of total imports.

Among the main suppliers, Japan, with a CAGR of +141.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, jumping by 450% against the previous year. Over the period under review, the import price enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 729% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+86.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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