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India’s Solar Power Market Expected to Grow by USD 240.42 Billion | Increase investment in renewable energy to drive growth

By on March 4, 2022 0

NEW YORK, March 4, 2022 /PRNewswire/ — The solar energy market India will be boosted by increased investment in renewable energy. The market is expected to grow by $240.42 billion from 2021 to 2026.

Technavio has announced its latest market research report titled India Solar Power Market by End User and Application – Forecast and Analysis 2022-2026

Find additional market-related highlights. See our free sample report

solar energy market in India 2022-2026: Scope

The India solar energy market report covers the following areas:

Frequently Asked Questions:

  • Based on end-user segmentation, what is the leading segment of the market?
    Based on segmentation by end user, the utility sector will experience significant growth in its market share over the forecast period.

  • What are the major market trends?
    the lower costs of solar energy sources is one of the major market trends.

  • At what rate is the projected CAGR of the market?
    The market should have a CAGR down 35.24% during the forecast period.

  • What is the year-over-year growth rate of the market in 2022?
    The year-over-year growth rate of the market in 2022 is 37.31%.

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solar energy market in India 2022-2026: Supplier analysis

The market is fragmented and the degree of fragmentation will slow down over the forecast period. Although increased investment in renewable energy will provide immense opportunities for growth, the presence of other energy sources is likely to pose a challenge to sellers 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 and Sterling and Wilson Solar Ltd. are among the major players in the market. The top offerings from some of these providers are listed below:

  • ABB Ltd. – The company offers solar energy services that provide electric power, which includes power generation, power transmission, transportation, process automation and pollution control, under the ABB brand. ltd.

  • ACME Solar – The company offers solar energy services that provide innovative green energy, energy management solutions that include solar water heating, water heating systems, solar heating, solar ventilation , solar lighting, portable solar power, solar transportation, under the ACME Solar brand.

  • Adani Enterprises Ltd. – The company offers solar energy services including solar electricity, solar water heating, solar heating, solar ventilation, solar lighting, solar portable energy, solar transportation and many more. , branded Adani Enterprises Ltd.

solar energy market in India 2022-2026: Segmentation

To know the contribution of each segment, View a Free Sample Report Now

solar energy market in India 2022-2026: Highlights

  • Market CAGR over the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the solar energy market in India over the next five years

  • Estimation of the size of the solar energy market in India and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the solar energy market in India

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of the factors that will challenge the growth of the Solar Energy Market vendors in India

Related reports:

Renewable Energy Market by Type and Geography – Forecast and Analysis 2022-2026

Solar Energy Market by Technology and Application – Forecast and Analysis 2022-2026

solar energy market in india

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Slowing down to a CAGR of 35.24%

Market Growth 2022-2026

$240.42 billion

Market structure

Fragmented

Annual growth (%)

37.31

Regional analysis

India

Successful market contribution

100% India

Main consumer countries

India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

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

  • Roof – Market size and forecast 2021-2026

  • Market opportunity by end user

Customer landscape

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Overview

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier 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 SA

  • Sterling and Wilson Solar Ltd.

appendix

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