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Solar Power Market in India 2022-2026: Scope
. Our solar power market in India report covers the following areas:
Solar Power Market in India 2022-2026: Drivers & Challenges
The key factor driving growth in the solar power market in India is the increasing investments in renewable energy. The global energy mix has changed significantly over the past two decades. Improvement in energy efficiency played a vital role in balancing the energy supply and demand. The total cost of producing electricity using renewables is relatively higher than that of conventional sources. However, renewable technology is evolving and giving competition to fossil fuel-based power plants. With the increased support of the government and improved economics, the sector has become attractive from an investors' perspective. Low carbon emissions from renewable sources and growing concerns regarding environmental protection drove the adoption of renewable sources of energy, which led to an increase in investments in renewable energy across the world. The increased focus on renewable energy sources is raising the investments in the country's solar energy sector, which will drive the growth of the solar power market in India during the forecast period.
However, the presence of other energy sources will be a major challenge for the solar power market in India during the forecast period. Globally, people prefer using traditional fossil fuels rather than renewable energy due to their abundant availability for generating electricity. In addition, the cost of establishing renewable energy farms for power production is expensive, and the power output from renewable sources is not at par with the output from fossil fuels. Among renewables, solar power faces competition from hydropower, wind power, and biomass. Biomass power has also been growing rapidly over the past few years in India. This growth in biomass power consumption impedes the solar power market in India to a certain extent. In 2017, the solar power generation capacity accounted for around one-fifth of the total cumulative renewable energy generation capacity, whereas hydropower accounted for more than half of the cumulative capacity and wind power accounted for around one-fourth of the capacity. Therefore, the presence of other energy sources such as fossil fuels and other renewable sources is significantly impeding the growth of the solar power market in India.
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Solar Power Market in India 2022-2026: Segmentation Analysis & Revenue Generating Segment
The solar power market in India by the utility segment will be significant for revenue generation. A utility-scale solar power plant has been producing clean and dependable energy over the last few decades. It gives the benefit of fixed electricity prices when the prices of electricity generated from fossil fuels are high during peak demand periods. It can also be stored in energy storage systems for using it when there is no sunlight. These factors will drive the adoption of utility-scale solar power in the country.
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The competitive scenario provided in the Solar Power Market In India report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Solar Power Market In India Forecast Report - Buy Now!
Solar Power Market in India 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- 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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Solar Power Market In India Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 35.24% |
Market growth 2022-2026 |
USD 240.42 billion |
Market structure |
Fragmented |
YoY growth (%) |
37.31 |
Regional analysis |
India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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, and Sterling and Wilson Solar Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key finding 2
*Exhibit 03: Key finding 5
*Exhibit 04: Key finding 6
*Exhibit 05: Key finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis: Renewable electricity
*2.2.1 Inputs
*2.2.2 Electricity generation
*2.2.3 Electricity transmission
*2.2.4 Electricity distribution
*2.2.5 End-users
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: India - Market size and forecast 2021 - 2026 ($ billion)
*Exhibit 12: India market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 and 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
· *Grid-connected
· *Off-grid
*Exhibit 20: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 21: Comparison by Application
**5.3 Grid-connected - Market size and forecast 2021-2026
*Exhibit 22: Grid-connected - Market size and forecast 2021-2026 ($ billion)
*Exhibit 23: Grid-connected - Year-over-year growth 2021-2026 (%)
**5.4 Off-grid - Market size and forecast 2021-2026
*Exhibit 24: Off-grid - Market size and forecast 2021-2026 ($ billion)
*Exhibit 25: Off-grid - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Application
*Exhibit 26: Market opportunity by Application
***6. Market Segmentation by End-user
**6.1 Market segments
*The segments covered in this chapter are:
· *Utility
· *Rooftop
*Exhibit 27: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 28: Comparison by End-user
**6.3 Utility - Market size and forecast 2021-2026
*Exhibit 29: Utility - Market size and forecast 2021-2026 ($ billion)
*Exhibit 30: Utility - Year-over-year growth 2021-2026 (%)
**6.4 Rooftop - Market size and forecast 2021-2026
*Exhibit 31: Rooftop - Market size and forecast 2021-2026 ($ billion)
*Exhibit 32: Rooftop - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by End-user
*Exhibit 33: Market opportunity by End-user
***7. Customer landscape
*Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 34: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growth of the organized retail sector
*8.1.2 Favorable government regulations
*8.1.3 Increased adoption of microgrids
**8.2 Market challenges
*8.2.1 Presence of other energy sources
*8.2.2 Intermittency in solar power generation
*8.2.3 Low conversion efficiency of solar PVs
*Exhibit 35: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Declining costs of solar energy
*8.3.2 Rise in product visibility and accessibility through online retailing
*8.3.3 Development of smart cities
***9. Vendor Landscape
**9.1 Overview
*Exhibit 36: Vendor landscape
**9.2 Landscape disruption
*Exhibit 37: Landscape disruption
*Exhibit 38: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 39: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 40: Market positioning of vendors
*10.3 ABB Ltd.
*Exhibit 41: ABB Ltd. - Overview
*Exhibit 42: ABB Ltd. - Business segments
*Exhibit 43: ABB Ltd. - Key news
*Exhibit 44: ABB Ltd. - Key offerings
*Exhibit 45: ABB Ltd. - Segment focus
**10.4 ACME Solar
*Exhibit 46: ACME Solar - Overview
*Exhibit 47: ACME Solar - Product and service
*Exhibit 48: ACME Solar - Key offerings
**10.5 Adani Enterprises Ltd.
*Exhibit 49: Adani Enterprises Ltd. - Overview
*Exhibit 50: Adani Enterprises Ltd. - Business segments
*Exhibit 51: Adani Enterprises Ltd. - Key news
*Exhibit 52: Adani Enterprises Ltd. - Key offerings
*Exhibit 53: Adani Enterprises Ltd. - Segment focus
**10.6 Azure Power
*Exhibit 54: Azure Power - Overview
*Exhibit 55: Azure Power - Business segments
*Exhibit 56: Azure Power - Key news
*Exhibit 57: Azure Power - Key offerings
**10.7 Canadian Solar Inc.
*Exhibit 58: Canadian Solar Inc. - Overview
*Exhibit 59: Canadian Solar Inc. - Business segments
*Exhibit 60: Canadian Solar Inc. - Key news
*Exhibit 61: Canadian Solar Inc. - Key offerings
*Exhibit 62: Canadian Solar Inc. - Segment focus
**10.8 GCL System Integration Technology Co. Ltd.
*Exhibit 63: GCL System Integration Technology Co. Ltd. - Overview
*Exhibit 64: GCL System Integration Technology Co. Ltd. - Business segments
*Exhibit 65: GCL System Integration Technology Co. Ltd. - Key news
*Exhibit 66: GCL System Integration Technology Co. Ltd. - Key offerings
**10.9 Huawei Investment and Holding Co. Ltd.
*Exhibit 67: Huawei Investment and Holding Co. Ltd. - Overview
*Exhibit 68: Huawei Investment and Holding Co. Ltd. - Business segments
*Exhibit 69: Huawei Investment and Holding Co. - Key news
*Exhibit 71: Huawei Investment and Holding Co. Ltd. - Segment focus
**10.10 JA Solar Technology Co. Ltd.
*Exhibit 72: JA Solar Technology Co. Ltd. - Overview
*Exhibit 73: JA Solar Technology Co. Ltd. - Business segments
*Exhibit 74: JA Solar Technology Co. Ltd. - Key news
*Exhibit 75: JA Solar Technology Co. Ltd. - Key offerings
**10.11 juwi AG
*Exhibit 76: juwi AG - Overview
*Exhibit 77: juwi AG - Product and service
*Exhibit 78: juwi AG - Key news
*Exhibit 79: juwi AG - Key offerings
**10.12 Sterling and Wilson Solar Ltd.
*Exhibit 80: Sterling and Wilson Solar Ltd. - Overview
*Exhibit 81: Sterling and Wilson Solar Ltd. - Business segments
*Exhibit 82: Sterling and Wilson Solar Ltd. - Key news
*Exhibit 83: Sterling and Wilson Solar Ltd. - Key offerings
*Exhibit 84: Sterling and Wilson Solar Ltd. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 85: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 86: Research Methodology
*Exhibit 87: Validation techniques employed for market sizing
*Exhibit 88: Information sources
**11.4 List of abbreviations
*Exhibit 89: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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 across 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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