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The India Geothermal Energy Market Share is expanding as more projects are developed in potential regions. The India geothermal energy market share is currently very limited compared to solar, wind, and hydropower. Solar and wind dominate India’s renewable capacity additions, while geothermal remains in the pilot and exploratory stage with no major grid-scale projects operational. As a result, geothermal contributes less than 1% to the country’s renewable energy portfolio today.

However, geothermal holds a unique positioning. Unlike intermittent renewables, geothermal can provide continuous baseload power and direct heat applications for industries, agriculture, and district heating. This gives it a potential competitive edge in the long run, particularly in regions with concentrated geothermal resources such as the Himalayan belt, Gujarat, Maharashtra, Chhattisgarh, and the Andaman & Nicobar Islands.

The Indian government, through the Ministry of New and Renewable Energy (MNRE), is promoting pilot projects and international collaborations to expand geothermal’s role. Partnerships with global technology providers could help India establish small-to-medium capacity geothermal plants, allowing it to gradually build a market share within the renewable energy mix.

Looking ahead, while the market share will remain small in the near term, geothermal could gain traction in industrial heat supply, green hydrogen production, and off-grid power solutions. By 2030, India’s geothermal energy market share could rise modestly, driven by technology transfer, supportive policies, and private sector participation.