Solar Power Market in India 2024-2028

Description

List of Tables

The solar power market in india is forecasted to grow by USD 792.5 bn during 2023-2028, accelerating at a CAGR of 52.07% during the forecast period. The report on the solar power market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, favorable government regulations for solar energy, and increased adoption of microgrids.

Technavio's solar power market in india is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	39.87%
CAGR	52.07%
Incremental Value	$792.5 bn

By Application

Grid-connected
Off-grid

By End-user

Utility
Rooftop

By Geographical Landscape

APAC

This study identifies the declining costs of solar energy as one of the prime reasons driving the solar power market in india growth during the next few years. Also, rising adoption of floating solar power plants and development of smart cities will lead to sizable demand in the market.

The report on the solar power market in india covers the following areas:

Solar power market in india sizing
Solar power market in india forecast
Solar power market in india industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar power market in india vendors that include ABB Ltd., ACME Solar, Adani Group, Azure Power Global Ltd., Canadian Solar Inc., GCL System Integration Technology Co. Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., MVV Energie AG, Reliance Industries Ltd., ReNew Energy Global Plc, Risen Energy Co. Ltd., SMA Solar Technology AG, Sterling and Wilson Renewable Energy Ltd, Sungrow Power Supply Co. Ltd., Sunsure Energy, and Suzlon Energy Ltd.. Also, the solar power market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR72555

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India: Year-over-year growth 2023-2028 (%)
- Data Table on India: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Solar Power Market in India 2018 - 2022
- Historic Market Size - Data Table on Solar Power Market in India 2018 - 2022 ($ billion)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Grid-connected - Market size and forecast 2023-2028
- Chart on Grid-connected - Market size and forecast 2023-2028 ($ billion)
- Data Table on Grid-connected - Market size and forecast 2023-2028 ($ billion)
- Chart on Grid-connected - Year-over-year growth 2023-2028 (%)
- Data Table on Grid-connected - Year-over-year growth 2023-2028 (%)
6.4 Off-grid - Market size and forecast 2023-2028
- Chart on Off-grid - Market size and forecast 2023-2028 ($ billion)
- Data Table on Off-grid - Market size and forecast 2023-2028 ($ billion)
- Chart on Off-grid - Year-over-year growth 2023-2028 (%)
- Data Table on Off-grid - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
7.3 Utility - Market size and forecast 2023-2028
- Chart on Utility - Market size and forecast 2023-2028 ($ billion)
- Data Table on Utility - Market size and forecast 2023-2028 ($ billion)
- Chart on Utility - Year-over-year growth 2023-2028 (%)
- Data Table on Utility - Year-over-year growth 2023-2028 (%)
7.4 Rooftop - Market size and forecast 2023-2028
- Chart on Rooftop - Market size and forecast 2023-2028 ($ billion)
- Data Table on Rooftop - Market size and forecast 2023-2028 ($ billion)
- Chart on Rooftop - Year-over-year growth 2023-2028 (%)
- Data Table on Rooftop - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
11.4 ACME Solar
- ACME Solar - Overview
- ACME Solar - Product / Service
- ACME Solar - Key offerings
11.5 Adani Group
- Adani Group - Overview
- Adani Group - Product / Service
- Adani Group - Key news
- Adani Group - Key offerings
11.6 Azure Power Global Ltd.
- Azure Power Global Ltd. - Overview
- Azure Power Global Ltd. - Product / Service
- Azure Power Global Ltd. - Key offerings
11.7 Canadian Solar Inc.
- Canadian Solar Inc. - Overview
- Canadian Solar Inc. - Business segments
- Canadian Solar Inc. - Key news
- Canadian Solar Inc. - Key offerings
- Canadian Solar Inc. - Segment focus
11.8 GCL System Integration Technology Co. Ltd.
- GCL System Integration Technology Co. Ltd. - Overview
- GCL System Integration Technology Co. Ltd. - Product / Service
- GCL System Integration Technology Co. Ltd. - Key offerings
11.9 Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd. - Overview
- Huawei Technologies Co. Ltd. - Product / Service
- Huawei Technologies Co. Ltd. - Key news
- Huawei Technologies Co. Ltd. - Key offerings
11.10 JA Solar Technology Co. Ltd.
- JA Solar Technology Co. Ltd. - Overview
- JA Solar Technology Co. Ltd. - Product / Service
- JA Solar Technology Co. Ltd. - Key news
- JA Solar Technology Co. Ltd. - Key offerings
11.11 Larsen and Toubro Ltd.
- Larsen and Toubro Ltd. - Overview
- Larsen and Toubro Ltd. - Business segments
- Larsen and Toubro Ltd. - Key news
- Larsen and Toubro Ltd. - Key offerings
- Larsen and Toubro Ltd. - Segment focus
11.12 Mahindra and Mahindra Ltd.
- Mahindra and Mahindra Ltd. - Overview
- Mahindra and Mahindra Ltd. - Business segments
- Mahindra and Mahindra Ltd. - Key news
- Mahindra and Mahindra Ltd. - Key offerings
- Mahindra and Mahindra Ltd. - Segment focus
11.13 MVV Energie AG
- MVV Energie AG - Overview
- MVV Energie AG - Business segments
- MVV Energie AG - Key offerings
- MVV Energie AG - Segment focus
11.14 Reliance Industries Ltd.
- Reliance Industries Ltd. - Overview
- Reliance Industries Ltd. - Business segments
- Reliance Industries Ltd. - Key news
- Reliance Industries Ltd. - Key offerings
- Reliance Industries Ltd. - Segment focus
11.15 ReNew Energy Global Plc
- ReNew Energy Global Plc - Overview
- ReNew Energy Global Plc - Business segments
- ReNew Energy Global Plc - Key offerings
- ReNew Energy Global Plc - Segment focus
11.16 Risen Energy Co. Ltd.
- Risen Energy Co. Ltd. - Overview
- Risen Energy Co. Ltd. - Product / Service
- Risen Energy Co. Ltd. - Key news
- Risen Energy Co. Ltd. - Key offerings
11.17 Sterling and Wilson Renewable Energy Ltd
- Sterling and Wilson Renewable Energy Ltd - Overview
- Sterling and Wilson Renewable Energy Ltd - Business segments
- Sterling and Wilson Renewable Energy Ltd - Key offerings
- Sterling and Wilson Renewable Energy Ltd - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations