Solar power market in India, Global Industry Trends & Forecast, CAGR 35.24% by 2026, Segmentation based on End-User and Application - Technavio

• End-user (utility and rooftop) and
• Application (grid-connected and off-grid)

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The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

• ABB Ltd.
• ACME Solar
• Adani Enterprises Ltd.
• Azure Power
• Canadian Solar Inc.
• GCL System Integration Technology Co. Ltd.
• Huawei Investment and Holding Co. Ltd.
• JA Solar Technology Co. Ltd.
• juwi AG
• Sterling and Wilson Solar Ltd.

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offerings, Buy Latest Sample Report.

The rising investments in renewable energy is one of the main driver fueling growth in India's solar power market. Renewable energy adoption was prompted by low carbon emissions from these sources and rising environmental protection concerns, which increased global investments in renewable energy. The country's solar energy sector is receiving more investments as a result of the growing emphasis on renewable energy sources, which will fuel the expansion of the Indian solar power market throughout the forecast period.

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Solar Power Market in India. 

Key Market Segmentation

• End-user
• Utility
• Rooftop
• Application
• Grid-connected
• Off-grid

India's utility sector will significantly increase its market share in solar energy. Over the past few decades, a utility-scale solar power plant has been generating reliable, clean energy. When the cost of electricity produced from fossil fuels is high during periods of high demand, it offers the benefit of set electricity pricing. To use it when there is no sunlight, it can also be stored in energy storage systems. These elements will propel the nation's adoption of utility-scale solar energy.

Solar Power Market in India Highlights

• CAGR of the market during the forecast period 
• Detailed information on factors that will assist the solar power market in India's growth during the next five years
• Estimation of the solar power market in India size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the solar power market in India
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the solar power market in India vendors

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Grid-connected - Market size and forecast 2021-2026
• Off-grid - Market size and forecast 2021-2026
• Market opportunity by Application

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Utility - Market size and forecast 2021-2026
• Rooftop - Market size and forecast 2021-2026
• Market opportunity by End-user

Customer landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• ACME Solar
• Adani Enterprises Ltd.
• Azure Power
• Canadian Solar Inc.
• GCL System Integration Technology Co. Ltd.
• Huawei Investment and Holding Co. Ltd.
• JA Solar Technology Co. Ltd.
• juwi AG
• Sterling and Wilson Solar Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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