India Solar Rooftop Market Set to Grow at 60% till 2021
Increasing number of government initiatives
coupled with favorable policy environment to boost solar rooftop market in
India through 2021 India Solar Potential, 2011 (Gigawatts)
|
State
|
Potential (GW)
|
|
Delhi
|
2.05
|
|
Gujrat
|
35.77
|
|
Haryana
|
4.56
|
|
Madhya Pradesh
|
61.66
|
|
Maharashtra
|
64.32
|
|
Punjab
|
2.81
|
|
Rajasthan
|
142.31
|
|
Tamil Nadu
|
17.61
|
|
Rest of India
|
417.89
|
|
Total
|
748.98
|
According to a recently published TechSci Research
report “India
Solar Rooftop Market By State, By Connectivity, By
End User, Competition Forecast & Opportunities, 2011 – 2021”, the solar rooftop market in
India is projected to grow at a CAGR of over 60% during 2016 – 2021, predominantly
on account of rising government focus on increasing the share of solar power in
the country’s energy mix. As per the Census of India 2011 and Wasteland Atlas
of India 2011, the total solar power capacity in the country stood at 748 GW,
which is more than twice the country’s total installed power capacity. In 2015,
Government of India had set a target of 100 GW of solar power generation in the
country by 2022, which is five times more than the target set in 2009.
Browse 35 market data Tables and 58
Figures spread through 186 Pages and an in-depth TOC on "India Solar Rooftop Market"
https://www.techsciresearch.com/report/india-solar-rooftop-market-by-state-delhi-gujarat-haryana-madhya-pradesh-maharashtra-punjab-rajasthan-tamil-nadu-by-end-user-commercial-industrial-residential-by-connectivity-on-grid-off-grid-forecast-and-opportunities-2021/692.html
Source: MNRE
In India, the solar rooftop market is still
in its nascent phase, and the market is expected to grow at a robust pace over
the next five years backed by favorable government
measures and abundant solar resources. In
order to boost solar power generation in the country, the Government of India
has announced various policies and regulations such as Accelerated Depreciation, Capital
Subsidies, Renewable
Energy Certificates (RECs), Net Metering Incentives, Assured Power Purchase Agreement,
etc. These schemes have been introduced by the government to reduce the capital
expenditure in building a solar power plant, and subsidize solar power
generation in order to make it economically viable for the stakeholders
involved in the solar power business.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=692
Customers can
also request for 10% free customization on this report.
“In India, the total solar
power generation capacity increased from around 160 MW in 2010 to more than 6,700
MW in 2016 owing to favorable government initiatives coupled with development
in manufacturing technology of solar panels. Improving manufacturing technology
has led to reduction in cost of solar panels which has resulted in reduction in
cost of solar power generation. With declining cost of solar power and
increasingly favorable government policies, solar power industry is expected to
witness bright days ahead.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India
Solar Rooftop Market By State, By Connectivity, By End User, Competition Forecast
& Opportunities, 2011 – 2021” has evaluated the future growth potential of India
solar rooftop market and provides statistics and information on market size, consumer
behaviour and trends. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities available in India solar
rooftop market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium
market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]