India has set a target of achieving overall solar energy installed capacity of 20,000 MW by 2022. As per NOVONOUS estimates, this creates an US$ 41.73 billion opportunity in the solar energy market in India till 2022.
The solar energy market in India has started picking pace due to supportive government policies and ability of solar energy to be used for various applications other than generating electricity. Being a tropical country India receives solar radiation with average intensity of 200 MW/Km2 with 250-300 sunny days in a year. As per government estimates, India receives 5,000 trillion kWh per year, with most parts of the country receiving 4-7 kWh per square metre per day. This provides huge opportunities for India to use solar energy for meeting the power demand from its burgeoning economy.
Solar energy market in India 2014 - 2022 report identifies solar energy potential and forecasts in various applications like rooftop solar PV systems, off-grid lighting systems, solar cities, solar water pumping, solar telecom towers, solar water heating systems, solar cookers and steam generating systems, industrial process heat applications, solar air conditioning / refrigeration, solar water purification / desalination and concentrated solar power (CSP).
The report aims at providing the reader a detailed view of the Indian solar industry with the use of analysis frameworks which help in identifying the political, economical, social and technical factors that determine the scenario of the market and the market forces prevailing in the industry. The Key challenges faced by existing players and the barriers for a new player entering into the market, are also covered.
Solar energy market in India 2014 - 2022 report also identifies the role played by the central and the state governments by analyzing the incentives and subsidies offered by central and state governments. This report also provides details about risks associated with credit, policy and technical factors in Indian wind energy market.
Spanning over 248 pages and 205 tables & figures, “Solar Energy Market in India 2014 - 2022” report presents an in-depth assessment and forecast of the Indian solar energy market from 2014 till 2022.
Scope of this Report
This report provides a detailed view of Indian solar energy scenario with current installed capacity and supply options. This report identifies the need for focusing on solar energy sector in India. This report provides detailed information on growth forecasts for solar energy market in India up to 2022. This report also focuses on developing a better understanding of the current state of the solar energy generation technology used in India. This study also identifies various central and state policies related to solar energy generation and distribution in different states of India for various sectors. The report identifies the growth drivers and inhibitors for solar energy market in India. The report identifies the key risks associated with solar energy market in India. The report identifies EXIM scenario in various solar energy segments in India. The report identifies top 5 countries exporting various solar energy products to India. The report identifies top 5 countries importing various Indian solar energy products. The report covers in details the incentives and rebates offered by Indian government. The report profiles 20 key players in Indian solar energy market. The report identifies the key challenges faced by new players in Indian solar energy market. This report provides future trends and opportunities for solar energy market in India. This report also provides recommendations for policy makers, manufacturers and end users.