Bangladesh Solar Rooftop/Ground Mount Market is witnessing steep growth as the market has crossed its inflexion point and has entered the growth phase. However, it has been highly irregular and volatile on account of several factors such as international price level changes and supply chain disruptions as the market is heavily dependent on imports, land constraints, and high-density population, due to this factor, land acquisition is a major challenge among the players with frequent protests and strikes regarding the same worsening the Bangladesh solar outlook. However, despite its limitations and challenges the solar market has successfully been able to install their first mega projects in solar energy in 2021 and 2022 with 100 Megawatt and 275 Megawatt in Begarhat and Sundarganj. Thus, the Bangladesh Solar Rooftop/Ground Mount Industry in future would also witness mega projects like these but the irregularity in such large projects would continue in the country in near future due to the above-mentioned factors.
According to the publisher, Bangladesh Solar Rooftop/Ground Mount market revenue is projected to grow at a CAGR of over 27.8% during 2023E-29F. The market in the coming future would witness healthy growth on the back of government initiatives such as full tax exemption till 2035 for those who started operating before 31st December 2022 and support such as high PPA tariff compared to other neighboring countries to the industry, rising positive attitude regarding solar energy among the factory owners and rising investments in the solar sector.
The recent commissioning of the 275 MW solar park developed in 14 months has shown that large projects can be effective and with limited time will take place in the country, however, the large ground-mounted project is still a risky investment for outsiders in the country. Thus, the market would likely witness low frequency and irregularity in large ground mount projects in the near future.
Market by Applications
The industrial sector accounts for 98.8% of the overall revenues of the Solar Rooftop/Ground Mount Market in Bangladesh as the country is predominantly an export-based country, thereby, to sustain its booming economy, it is crucial for industrial enterprises to adopt cost-efficient sources of energy to continue competitive offering in the market.
The industrial sector would continue to dominate the solar Rooftop/Ground Mount (On-grid) market and is expected to stand at 96.5% of the total market on the back of revenue generation through land-based ground mount projects.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Overview
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Overview, By Applications
- Historical Data and Forecast of Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Revenues for the Period 2019-2029F
- COVID-19 Impact Analysis
- Market Drivers and Restraints
- Industry Life Cycle
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Porter’s Five Forces
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Penetration, 2022
- Risk Reward Analysis as Compared to India
- Government Initiatives and Regulations
- Key Performance Indicators
- Bangladesh Rooftop/Ground Mount (On-grid) Market Upcoming Projects and Installed Capacity, 2022
- Bangladesh Solar Capacity Forecast, 2030
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Opportunity Assessment
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Key Performance Indicators
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Pestle Analysis
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Supply Chain Analysis
- Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Key Potential Tie-up
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Application
- Commercial
- Industrial
Table of Contents
1. Executive Summary
Companies Mentioned
- Exelon Bangladesh ltd.
- Joules Power Limited
- Bangladesh China Renewable energy company Pvt ltd.
- Solar EPC Development ltd.
- Australia Bangladesh Solar Power ltd.
- Greenergy solutions limited
- B-Trac Engineering Limited
- Bangladesh Export Import Company Limited
- Orion Group
- Paramount Textile Limited
