India’s solar power potential within the country’s geographical
limits is high as majority of the geographical area lies within the tropics. 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 of the
country’s total installed power capacity. In 2015, the Government of India set
a target of 100 GW of solar power generation in the country by 2022. Backed by
favorable government measures and abundant solar resources, the solar rooftop
market in India is expected to grow at a robust pace over the next five years. With
the country’s per
capita electricity consumption standing at around 746 Kilowatt hour, which is
below the global average, demand for electricity in India is expected to
increase over the next five years on account of continuing economic growth.
Government of India is focusing on expanding the renewable based power
generation in the country owing to increasing global warming and environmental
concerns. The share of renewable power in India’s total installed power
generation capacity is estimated to be 13% in 2016, and this share is
anticipated to reach 40% by the end of 2030. All these factors point towards
robust growth of solar rooftop market in India over the next five years.
According to the 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 to grow at a CAGR of over 60% during 2016 - 2021. In India, the
solar power market is in its developing stage, and numerous measures are being
taken by the government to promote the use of solar energy in the country. In
order to map the solar potential in the country, the Ministry of New and
Renewable Energy (MNRE), a nodal Ministry of the Government of India for all
matters relating to new and renewable energy, has installed 51 Solar Radiation
Resource Assessment (SRRA) in the country to calculate the solar potential. In
2015, on-grid solar
rooftop segment dominated the India solar rooftop market, and the segment is
expected to maintain its dominance over the next five years as well. “India
Solar Rooftop Market By State, By Connectivity, By End User, Competition
Forecast & Opportunities, 2011 – 2021” discusses
the following aspects of India solar rooftop market:
- India Solar Rooftop Market
Size, Share & Forecast
- Segmental Analysis – By State
(Tamil Nadu, Maharashtra, Rajasthan, Punjab, Gujarat, Madhya Pradesh, Delhi,
Haryana & Rest of India), By Connectivity (On-Grid Vs. Off-Grid), By End
User (Residential, Commercial & Industrial)
- Policy & Regulatory
Landscape
- Changing Market Trends and
Emerging Opportunities
- Competitive Landscape and
Strategic Recommendations
Why You Should Buy This
Report?
- To
gain an in-depth understanding of solar rooftop market in India
- To
identify the on-going trends and segment wise anticipated growth in the coming
years
- To
help industry consultants, solar rooftop manufacturers, distributors and other
stakeholders align their market-centric strategies
- To
obtain research based business decision and add weight to presentations and
marketing material
- To
gain competitive knowledge of leading players
- To
avail 10% customization in the report without any extra charges and get the
research data or trends added in the report as per the buyer’s specific needs
Report Methodology
The information contained in this report is
based on both primary and secondary sources. Primary research included
interviews with solar project developers and solar
modules manufacturers and distributors.
Secondary research included an exhaustive search of relevant publications like
company annual reports, financial reports and proprietary databases.