Increasing Awareness And Proven Financial Benefits of Rooftop Solar Plants is Making Indian Residential Consumers More Inclined Towards the Use of Solar Energy.
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Indian solar photovoltaic market has seen tremendous growth in terms of new capacity addition in the last four years. The governance of the market is maintained by large domestic and international project developers with partial intervention of government. With increasing focus of the government on development of renewable energy sector, solar photovoltaic market in India has already taken the flight to achieve the target of 100 GW solar power generation capacities by 2022. Various subsidies and incentives provided by the government have created good amount of awareness and agreeableness among the end users for adopting solar power as an alternative source of energy over conventional sources.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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According to India Solar Photovoltaic Market Overview, 2022-28”, the market is expected to grow with more than 13% CAGR. Major solar installations so far were dominated by the Southern region of India. However while approaching to 2022, it is predicted by the ongoing developments and projects in pipeline that, Northern region will surpass the Southern region with maximum installed solar PV capacity. Standard and advanced Multicrystalline module technology has the highest share with increasing scope and research on p-type and n-type monocrystalline silicon modules. With the increased cell efficiency of such advanced photovoltaic modules, solar plants capacity utilization factor has also gone up. The report discloses that companies like Vikram Solar, Waaree Energies and Tata Power Solar tops the table of maximum installed solar PV capacity and are expected to grow over the forecasted period owing to their expansion plans and widening of dealership networks. Other major companies operating in the market include names like Moser Baer, XL Energy, Alpex Exports, Renwsys India, Emmvee Photovoltics, Lanco Solar, Saatvik Green Energy, Kotak Urja, Goldi Green Technoligies and Surana Solar.
Technological developments in solar rooftop PV plants such as Net-Metering, Feed-In Tariff, Accelerated Depreciation Mechanism, Generation Based Incentives, etc., have urged the use of clean and renewable solar energy at small scale and this is expected to boost the solar rooftop PV market in the coming years. It will also fulfil government's mission of lightening each and every household in the country. Mega solar power plants are developing at a full swing with huge amount of domestic and foreign investments in the sector due to ease in land acquisition and other legal approvals from the central and state government. Government of India has also announced a National Green Corridor Program to enable the flow of renewable energy into national grid network.
India Solar Photovoltaic Market Overview, 2022-28” discusses the following aspects of solar photovoltaic in India:
How it will help solving your strategic decision making process??The report gives an in-depth understanding of solar photovoltaic market in India:
- India Renewable Energy Market Outlook
- India Renewable Energy Market Size By Cumulative Capacity & Forecast
- India Renewable Energy Market Size By New Installed Capacity & Forecast
- India Renewable Energy Market Segmental Analysis: By Region, By State, By Type
- India Solar Photovoltaic Market Size By Cumulative Capacity & Forecast
- India Solar Photovoltaic Market Size By New Installed Capacity & Forecast
- India Solar Photovoltaic Market Segmental Analysis: By Company, Region, By State, By End User
- The key vendors in this market space
Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners/vendors of solar modules in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.Table of Contents
1. Executive Summary2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. India Macro Economic Indicators
2.8. Demographics Insight
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. India Solar Power Market Outlook
5. India Solar Photovoltaic Market Outlook
5.1. Market size By Value
5.2. Market Share By State
6. On-Grid Solar Photovoltaic Market Outlook
6.1. Market Size
6.1.1. By Value
6.1.2. By Volume (Units)
6.2. Market Share
6.2.1. By Region
6.2.2. By State
7. Roof-top/Hybrid Solar Photovoltaic Market Outlook
7.1. Market Size
7.1.1. By Value
7.1.2. By Volume (Units)
7.2. Market Share
7.2.1. By Region
7.2.2. By State
8. Off grid / Portable Solar Photovoltaic Market Outlook
8.1. Market Size
8.1.1. By Value
8.1.2. By Volume (Units)
8.2. Market Share
8.2.1. By Region
8.2.2. By State
8.3. Solar Street light market Outlook
8.3.1. Market Size
8.3.1.1. By Value
8.3.1.2. By Volume (Units)
8.3.2. Market Share By State
8.4. Solar Pump light market Outlook
8.4.1. Market Size
8.4.1.1. By Value
8.4.1.2. By Volume (Units)
8.4.2. Market Share By State
8.5. Solar Home Light market Outlook
8.5.1. Market Size
8.5.1.1. By Value
8.5.1.2. By Volume (Units)
8.5.2. Market Share By State
8.6. Solar Lamp light market Outlook
8.6.1. Market Size
8.6.1.1. By Value
8.6.1.2. By Volume (Units)
8.6.2. Market Share By State
9. Company Profiles
9.1. Vikram Solar Private Limited
9.1.1. Company Snapshot
9.1.2. Company Overview
9.1.3. Financial Highlights
9.1.4. Geographic Insights
9.1.5. Business Segment & Performance
9.1.6. Product Portfolio
9.1.7. Key Executives
9.1.8. Strategic Moves & Development
9.2. Waaree Energies Limited
9.3. Tata Power Solar System Limited
9.4. Moser Bear Solar Limited
9.5. XL Energy Limited
10. Strategic Recommendations
11. Disclaimer
List of Figures
Figure 1: India Population 2017-2021( In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Solar Photovoltaic Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 5: India Solar Photovoltaic Market Size - By Volume 2014-15 to 2026-27 (in Millions)
Figure 6: India On-Grid Solar Photovoltaic Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 7: India On-Grid Solar Photovoltaic Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 8:India On-Grid Solar Photovoltaic Market Share By Region
Figure 9: India On-Grid Solar Photovoltaic Market Share By State
Figure 10: India Roof-top/Hybrid Solar Photovoltaic Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 11: India Roof-top/Hybrid Solar Photovoltaic Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 12:India Roof-top/Hybrid Solar Photovoltaic Market Share By Region
Figure 13: India Roof-top/Hybrid Solar Photovoltaic Market Share By States
Figure 14: India Off grid / Portable Solar Photovoltaic Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 15: India Off grid / Portable Solar Photovoltaic Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 16:India Off grid / Portable Solar Photovoltaic Market Share By Region
Figure 17: India Off grid / Portable Solar Photovoltaic Market Share By States
Figure 18: India Street light Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 19: India Street light Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 20: India Street light Market Share By States
Figure 21: India Solar Pump Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 22: India Solar Pump Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 23: India Solar Pump Market Share By States
Figure 24: India Home light Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 25: India Home light Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 26: India Home light Market Share By States
Figure 27: India Solar Lamp Market Size - By Value 2014-15 to 2026-27 (INR Crore)
Figure 28: India Solar Lamp Market Size - By Volume 2014-15 to 2026-27 (in Millions Units)
Figure 29: India Solar Lamp Market Share By States
List of Tables
Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: Key Facts of Vikram Solar Private Limited
Table 4: Key Facts of Waaree Energies Limited
Table 5: Key Facts of Tata Power Solar System Limited
Table 6: Key Facts of Moser Bear Solar Limited
Table 7: Key Facts of XL Energy Limited
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Vikram Solar Private Limited
- Waaree Energies Limited
- Tata Power Solar System Limited
- Moser Bear Solar Limited
- XL Energy Limited
