Solar Energy Market In India - By Scale , Trends, Forecast - 2017 - 2022

  • ID: 4388146
  • Report
  • Region: India
  • 144 pages
  • Mordor Intelligence
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The Solar Energy Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 - 2022.

India is in a state of perennial power shortage with a demand-supply gap of 12 %, and this gap can only be filled with the use of renewable sources of energy due to the over-burden on conventional sources of energy like coal and other non-renewable sources. More importantly, solar power energy is best suited in the Indian context due to the geographical location of the country. The country receives an annual radiation of approximately 2000 kWh/m2, which if appropriately tapped can generate substantial amount of energy. Solar thermal technology is the process of using the sun's radiation to generate electricity through solar photovoltaic technology that converts this energy into electricity.

Solar energy generates 5000 trillion kWh per year, and its rate of adoption is increasing consistently due to greater awareness among the people. The market growing at 25% CAGR is gaining popularity due to the government's keen initiatives and incentives to the manufacturers and the users, the low operating costs, lack of electrical grids in certain parts of the country, increasing investments in the sector and high consumer awareness of the technology, its relevance and viability. The market however, faces restraints in its cost of production, cost of initial investment and faulty market design.

The market that generated 1000 Megawatt of energy in 2015 is expected to generate 80,000 MW of energy by 2020 and 100,000 MW by 2022. The market segmented on the basis of its scale as Rooftop Solar, Large Scale Solar and Ultra Mega Power Projects, exhibits opportunities in expanding its market, reducing cost of electricity and collaborative efforts for R&D in this domain. Another driver of the technology is the stress of the Indian Central Government to complete the projects that were initiated in the past.

The report which contains information on the market size and share, drivers, constraints and opportunities, market insight depending on the scale of production gives an in-depth analysis of the market potential, investment opportunities, recent mergers and acquisitions and collaborations and recent technological development in the solar energy industry. The report also enlists emerging firms showing promise highlighting the company profile, overview, business strategies, products and services, pros and cons of the respective companies, financials etc.

Foreign investors who have invested in this sector in the past are Suzlon Energies, Enercon, Vestas, RRB, Micon and Applied Materials (U.S.A). Some of the prominent firms working in this domain are Reliance Industries Solar Limited, Sun Energy Systems, Punj Loyd Delta Renewables, Photon Solar Energy Systems etc. The start-ups in this segment discussed in the report are Loop Solar, Aurore, D-Light, Selco Solar India and Azure Power.

This Report Offers:

1. Market Definition for the specified topic along with identification of key drivers and restraints for the market.

2. Market analysis for the Solar Energy Market in India, with region specific assessments and competition analysis on a regional and local scale.

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a regional and local scale.

4. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.

5. Identification and analysis of the Macro and Micro factors that affect the Solar Energy Market in India.

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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1. Introduction
1.1 Energy Industry in India
1.2 An Overview: Solar Energy
1.3 Need for Solar Energy
1.3.1 Energy Security
1.3.2 Kyoto Protocol
1.3.3 Viability
1.4 Electricity Deficiency Situation
1.5 Role of Government Authorities
2. Research Methodology
3. Scope of Report
4. Market Overview
4.1 Introduction
4.2 Supply-Side Analysis
4.3 Demand-Side Anaysis
4.4 Porter's Five Industry Forces Analysis
4.4.1 Industry Competition
4.4.2 Potential of New Entrants
4.4.3 Power of Suppliers
4.4.4 Power of Customers
4.4.5 Threat of Substitute Products
4.5 PESTEL Analysis
4.5.1 Political Factors
4.5.2 Economical Factors
4.5.3 Social Factors
4.5.4 Technological Factors
4.5.5 Environmental Factors
4.5.6 Legal Factors
4.6 Solar Energy Sector Policies in India
4.6.1 Policy Initiatives and National Solar Mission
4.6.2 Guidelines for PV Manufacturers (IREDA) Policies
4.6.3 State Government Electricity Regulation Board
4.7 Incentives and Rebates
5. Market Dynamics
5.1 Drivers
5.1.1 Government's Initiatives and Incentives
5.1.2 Minimum Operating Cost
5.1.3 Power Shortage: Demand-Supply Gap
5.1.4 Lack of Electrical Grids in Some Areas
5.1.5 Committed Investment Through FDI and Private sector
5.1.6 Entry of Private Players into Manufacturing Sector
5.1.7 Favorable Geographic Conditions
5.1.8 Increase in Consumer Awareness
5.2 Restraints
5.2.1 High Cost of Production
5.2.2 Initial Cost of Investment
5.2.3 Faulty Market Design
5.2.4 Dependence on Conventional Sources of Energy
5.3 Opportunities
5.3.1 Massive Expansion in Solar Capacity
5.3.2 Scope to Reduce Price of Solar Electricity
5.3.3 Completion of Existing Projects
5.3.4 Collaborative Goals Driven R&D
5.4 Challenges
5.4.1 Unavailability of Finance
5.4.2 Lack of Uniform Standards
5.4.3 Non-unform Supply Across States
6. Market Segmentation
6.1 By Scale
6.1.1 Rooftop Solar
6.1.2 Large Scale Solar
6.1.3 Ultra Mega Power Projects
7. Emerging Companies in Online Travel Market in India
7.1 Loop Solar
7.1.1 Key Facts
7.1.2 Services
7.1.3 Business Strategy
7.1.4 Recent Development
7.1.5 SWOT Analysis
7.1.6 Key Financials
7.2 Aurore
7.2.1 Key Facts
7.2.2 Services
7.2.3 Business Strategy
7.2.4 Recent Development
7.2.5 SWOT Analysis
7.2.6 Key Financials
7.3 D-Light
7.3.1 Key Facts
7.3.2 Services
7.3.3 Business Strategy
7.3.4 Recent Development
7.3.5 SWOT Analysis
7.3.6 Key Financials
7.4 Selco Solar India
7.4.1 Key Facts
7.4.2 Services
7.4.3 Business Strategy
7.4.4 Recent Development
7.4.5 SWOT Analysis
7.4.6 Key Financials
7.5 Azure Power
7.5.1 Key Facts
7.5.2 Services
7.5.3 Business Strategy
7.5.4 Recent Development
7.5.5 SWOT Analysis
7.5.6 Key Financials
8. Market Landscape
8.1 State-wise Distribution Network
8.2 Market Trends
8.3 Market Forecasts
8.4 New Product Development and Innovations
8.5 Mergers and Acquisitions
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