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India Solar Energy Market By Type (Concentrated Solar Power Systems, Parabolic Trough, Solar Power Tower, Fresnel Reflectors, Dish Stirling and Photovoltaic Systems), By Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells and Others) , By Application (Residential, Commercial and Industrial), By End-Use (Electricity generation, Lighting, Heating and Charging), By Distribution Channel (Third party distributor, Direct tenders and Others), By Region (Northern, Southern, Western and Eastern)-Trends Analysis and Forecast till 2027

Report ID: RE0820SE | Published Date: AUG-2020 | Category: Solar Energy | Base Year: 2023 | Format: Report Formats

India Solar Energy Market Definition:
The radiant energy emitted from the Sun is solar energy, which is converted into electric energy by using various technologies such as photovoltaic cells, solar heating, and others. it’s associate economical sort of unconventional energy and a convenient renewable solution toward growing greenhouse emissions and heating.

India Solar Energy Market Outlook:
India’s solar energy market is anticipated to grow at a rapid growth rate during the forecast period. The fourth most attractive clean energy market in the world is the Indian renewable energy industry. India has been ranked among the top 5 in solar power and also in installed capacity for renewable energy since 2018. The sector has become attractive from the point of view of investors with increased policy funding and improved economics.

According to Pheonix Research, the India Solar Energy Market is forecasted to grow at a healthy CAGR of 21.3% during 2020-27. The major factor propelling the market is the reduced cost of the solar module. Furthermore, the sharp decline in prices of solar technologies in recent years by about 52% between 2010 and 2015 (in kWh terms) has been one of the biggest drivers in the adoption of solar PV in the country. However, the cost of modules produced in China is 8-10% cheaper than the one manufactured in India, and solar modules mostly used in India are manufactured in China. Therefore, the huge dependency on imports has affected domestic manufacturing in the country, which is further expected to delay the growth of the market

Geographically, India has ample capacity for solar irradiance and receives solar energy throughout the year. The ambition of India to ensure energy security will play a crucial role in the nation’s energy mix in considering renewable sources including solar, wind, biomass, and small hydro. Solar is known as one of the main renewable energy sources to offset and reduce India’s carbon footprint.

This has created huge opportunities to exploit solar energy from the sunniest sites in the country, especially, Rajasthan, Gujarat, and Andhra Pradesh among others. The solar rooftop capacity has increased hyperbolically from 337 MW in 2015 to 2368 MW in 2019. Karnataka ranked first in terms of total solar capacity addition (both ground mount and rooftop), followed by Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh, and Punjab. Gujarat was the leading state in solar rooftop capacity addition in India in 2019 with a total of 261.97 MW of solar rooftop system installations

India Solar Energy Market Dynamics:
•   Introduction of innovative technology
•   Government initiative and policy
• Cost-effective solar product availability
•   High demand from rural areas

•   Lack of infrastructure and high cost of installation
•   Certain limitations will restrain the market

India Solar Energy Market Segmentation:
• Concentrated Solar Power Systems
• Photovoltaic Systems
• Parabolic Trough
• Solar Power Tower
• Fresnel Reflectors
• Dish Stirling
• Others

By Module
• Monocrystalline
• Polycrystalline
• Cadmium Telluride
• Amorphous Silicon Cells
• Others

By Application
• Residential
• Commercial
• Industrial

By End-Use
• Electricity generation
• Lighting
• Heating
• Charging

By Distribution Channel
• Third party distributor
• Direct tenders
• Others

By Region
• Northern
• Southern
• Western
• Eastern

Key Developments in the Market:
•   In April 2020, Vikram Solar bagged the National Thermal Power Corporation Ltd. (NTSP) 300 Megawatt (MW) solar power plant project in a reverse auction, in the form of a CPSU-II auction, for Rs 1750 crore (USD 250,39 million).
•   In 2019 India opened its Bhadla Solar Park in Rajasthan, its solar power plant with a capacity of 2.255 MW, which is to be the largest in the world.

Competitive Analysis: India Solar Energy Market:
The India Solar Energy Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the Indian solar energy market for Northern, western, southern, and eastern regions.

Key Market Competitors: India Solar Energy Market:
Players operating in the India Solar Energy market include

Key Benefits
•   This report entails a comprehensive quantitative solar energy marketing research and current solar energy market trends from 2019 to 2027 to identify the prevailing opportunities along with a strategic assessment of the worldwide solar energy market.
•   Solar energy market size and estimations are supported by a comprehensive analysis of key developments within the solar energy market industry.
•   A qualitative analysis supported by innovative products facilitates strategic business planning. The development strategies adopted by the key market players are enlisted to know the competitive scenario of the worldwide solar energy market.

Research Methodology: India Solar Energy Market
Data collection modules with large sample sizes is used for data collection and base year analysis. Market share analysis and key trend analysis are the major factors for success in any market report. Market statistical and coherent models are used to analyze the market data. Please request an analyst call for more information on the research methodology

Pheonix research consultants use their proprietary research methodology to evaluate data which involves data mining, analysis of the impact of data variables on the market, and primary validation. Furthermore, other data models consist of a market overview and guide, company positioning grid, vendor positioning grid, market timeline analysis, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis.

Demand and Supply Side- Primary Research Respondent
Demand Side: Government Ministry/ Department, Solar Power Developers Association, Group Purchasing Organizations, Associations, Authorities, Academics and Universities, Technological Expertise, researchers, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, Senior and mid-level Executives, Distributors, Market Intelligence, and Authority Managers among others.

Report Insights:
•   To gain insights into the competitive milieu in the market
•   End-user assessment /Customer behaviors
•   Detailed Demand and Supply Assessment
•   Key market drivers and restraints Analysis
•   Competitive landscape of the key players involved
•   In-depth analysis of the market segmentation

1. Introduction
1.1. Objectives Of The Study
1.2. Market Scope
1.2.1. Market Covered
1.2.2. Years Considered For The Study
1.3. Market Definition
1.4. Currency
1.5. Limitations
1.6. Stakeholders


2. Research Methodology
2.1. Research Design
2.1.1. Research Methodology Snapshot
2.1.2. Secondary Data
2.1.3. Key Data From Secondary Sources
2.1.4. Primary Data
2.1.5. Key Data From Primary Sources
2.2. Market Size Estimation
2.3. Market Breakdown And Data Triangulationmarket
2.4. Market Share Estimation
2.5. Assumptions For The Study

3. Executive Summary

4. Premium Insight
4.1. All India Cumulative Solar Installations By Policy Type (Mw)
4.2. Solar Imports, Exports, And Duties
4.3. India Solar Project Pipeline By Policy (Mw)
4.4. India’s Power Transmission Capacity
4.5. India Renewable Energy Tenders And Auctions
4.6. Imports And Export Data Of Solar Cells

5. Industry Insights
5.1. Value Chain
5.2. Regulatory Landscape
5.3. Key Pipeline Products
5.4. Public-private Initiatives
5.5. Funding

6. Market Dynamics
6.1. Introduction
6.2. Market Dynamics
6.2.1. Drivers
6.2.2. Restraints
6.2.3. Opportunities
6.2.4. Challenges

7. India Solar Energy Market, By Type
7.1. Introduction
7.2. Concentrated Solar Power Systems
7.3. Parabolic Trough
7.4. Solar Power Tower
7.5. Fresnel Reflectors
7.6. Dish Stirling
7.7. Photovoltaic Systems
7.8. Others

8. India Solar Energy Market, By Module
8.1. Introduction
8.2. Monocrystalline
8.3. Polycrystalline
8.4. Cadmium Telluride
8.5. Amorphous Silicon Cells
8.6. Others

9. India Solar Energy Market, By Application
9.1. Introduction
9.2. Residential
9.3. Commercial
9.4. Industrial

10. India Solar Energy Market, By End-use
10.1. Introduction
10.2. Electricity Generation
10.3. Lighting
10.4. Heating
10.5. Charging

11. India Solar Energy Market, By Distribution Channel
11.1. Introduction
11.2. Third Party Distributor
11.3. Direct Tenders
11.4. Others

12. India Solar Energy Market By Region
12.1. Introduction
12.2. Northen
12.3. Southern
12.4. Western
12.5. Eastern

13. Competitive Landscape
13.1. Competitive Landscape And Trends.
13.2. Agreements, Partnerships, And Collaborations
13.3. Product Launches And Approvals
13.4. Acquisitions
13.5. Expansions

14. Company Profile
14.1. Acme Solar
14.1.1. Overview
14.1.2. Revenue Analysis
14.1.3. Product Portfolio
14.1.4. Recent Development
14.2. Adani Group
14.2.1. Overview
14.2.2. Revenue Analysis
14.2.3. Product Portfolio
14.2.4. Recent Development
14.3. Trina Solar Limited
14.3.1. Overview
14.3.2. Revenue Analysis
14.3.3. Product Portfolio
14.3.4. Recent Development
14.4. Sma Solar Technology Ag
14.4.1. Overview
14.4.2. Revenue Analysis
14.4.3. Product Portfolio
14.4.4. Recent Development
14.5. Hanwha Q Cells Co. Ltd
14.5.1. Overview
14.5.2. Revenue Analysis
14.5.3. Product Portfolio
14.5.4. Recent Development
14.6. First Solar, Inc
14.6.1. Overview
14.6.2. Revenue Analysis
14.6.3. Product Portfolio
14.6.4. Recent Development
14.7. Jinkosolar Holdings Co. Ltd
14.7.1. Overview
14.7.2. Revenue Analysis
14.7.3. Product Portfolio
14.7.4. Recent Development
14.8. Vikram Solar Limited
14.8.1. Overview
14.8.2. Revenue Analysis
14.8.3. Product Portfolio
14.8.4. Recent Development
14.9. Tata Power Solar Systems Ltd
14.9.1. Overview
14.9.2. Revenue Analysis
14.9.3. Product Portfolio
14.9.4. Recent Development
14.10. Sterling And Wilson Pvt. Ltd
14.10.1. Overview
14.10.2. Revenue Analysis
14.10.3. Product Portfolio
14.10.4. Recent Development
14.11. Mahindra Susten Pvt. Ltd
14.11.1. Overview
14.11.2. Revenue Analysis
14.11.3. Product Portfolio
14.11.4. Recent Development
14.12. Emmvee Solar
14.12.1. Overview
14.12.2. Revenue Analysis
14.12.3. Product Portfolio
14.12.4. Recent Development
14.13. Azure Power Global Limited
14.13.1. Overview
14.13.2. Revenue Analysis
14.13.3. Product Portfolio
14.13.4. Recent Development

15. Swot And Analysis

16. Conclusion

17. About Us

18. Related Reports

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