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Solar Power Market in India 2019-2023 - Product Image

Solar Power Market in India 2019-2023

  • ID: 4749673
  • Report
  • January 2019
  • Region: India
  • 111 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • ABB
  • Adani Enterprises
  • Canadian Solar
  • Huawei Technologies
  • JA SOLAR
  • Sterling and Wilson
  • MORE
Development of smart cities to drive market growth. The smart city is a designation given to a municipality or a city that uses information and communication technologies (ICT) to increase operational efficiency, performance, and quality of urban services such as transportation, energy, and utilities to reduce the costs, wastage, and resource consumption. The goal of a smart city is to enhance the citizens' quality of living through smart technology. Governments across the world are implementing many initiatives for sustainable smart city developments. Many countries, including India, have set their focus on building smart cities. The analysts have predicted that the solar power market in India will register a CAGR of over 38% by 2023.

Market Overview

Favorable government regulations

The use of alternative energy sources to fossil fuels such as solar energy is necessary to reduce GHG emissions. Governments across the world support the adoption of solar energy by providing incentives, subsidies, and tax benefits to producers and consumers.

Low conversion efficiency of solar PV

An off-grid system needs to be self-sufficient in terms of capacity to meet its overall needs. In most off-grid projects, a grid source is usually non-existent, and even if it exists, it is highly unreliable. Hence, it requires a sizable PV system and energy storage to generate and store enough power to meet the total electricity needs. Solar power is a clean and abundant source of energy. However, it is low on efficiency.

For the detailed list of factors that will drive and challenge the growth of the solar power market in India during the 2019-2023, view this report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including ABB and Adani Enterprises, the competitive environment is quite intense. Factors such as the development of smart cities and the favorable government regulations, will provide considerable growth opportunities to solar power manufacturers. ABB, Adani Enterprises, Canadian Solar, Huawei Technologies, JA SOLAR, and Sterling and Wilson are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Adani Enterprises
  • Canadian Solar
  • Huawei Technologies
  • JA SOLAR
  • Sterling and Wilson
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Utility - Market size and forecast 2018-2023
  • Rooftop - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Grid-connected - Market size and forecast 2018-2023
  • Off-grid - Market size and forecast 2018-2023
  • Market opportunity by application
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Declining costs of solar energy
  • Rising adoption of floating solar power plants
  • Development of smart cities
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Adani Enterprises
  • Canadian Solar
  • Huawei Technologies
  • JA SOLAR
  • Sterling And Wilson
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global solar energy industry
Exhibit 02: Segments of global solar energy industry
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Country market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Country market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: End-user - Market share 2018-2023 (%)
Exhibit 18: Comparison by end-user
Exhibit 19: Utility - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Utility - Year-over-year growth 2019-2023 (%)
Exhibit 21: Rooftop - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Rooftop - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by end-user
Exhibit 24: Customer landscape
Exhibit 25: Application - Market share 2018-2023 (%)
Exhibit 26: Comparison by application
Exhibit 27: Grid-connected - Market size and forecast 2018-2023 ($ billions)
Exhibit 28: Grid-connected - Year-over-year growth 2019-2023 (%)
Exhibit 29: Off-grid - Market size and forecast 2018-2023 ($ billions)
Exhibit 30: Off-grid - Year-over-year growth 2019-2023 (%)
Exhibit 31: Market opportunity by application
Exhibit 32: Impact of drivers and challenges
Exhibit 33: Vendor landscape
Exhibit 34: Landscape disruption
Exhibit 35: Vendors covered
Exhibit 36: Vendor classification
Exhibit 37: Market positioning of vendors
Exhibit 38: ABB - Vendor overview
Exhibit 39: ABB - Business segments
Exhibit 40: ABB - Organizational developments
Exhibit 41: ABB - Geographic focus
Exhibit 42: ABB - Segment focus
Exhibit 43: ABB - Key offerings
Exhibit 44: Adani Enterprises - Vendor overview
Exhibit 45: Adani Enterprises - Business segments
Exhibit 46: Adani Enterprises - Organizational developments
Exhibit 47: Adani Enterprises - Geographic focus
Exhibit 48: Adani Enterprises - Segment focus
Exhibit 49: Adani Enterprises - Key offerings
Exhibit 50: Canadian Solar - Vendor overview
Exhibit 51: Canadian Solar - Business segments
Exhibit 52: Canadian Solar - Organizational developments
Exhibit 53: Canadian Solar - Geographic focus
Exhibit 54: Canadian Solar - Segment focus
Exhibit 55: Canadian Solar - Key offerings
Exhibit 56: Huawei Technologies - Vendor overview
Exhibit 57: Huawei Technologies - Business segments
Exhibit 58: Huawei Technologies - Organizational developments
Exhibit 59: Huawei Technologies - Geographic focus
Exhibit 60: Huawei Technologies - Segment focus
Exhibit 61: Huawei Technologies - Key offerings
Exhibit 62: JA SOLAR - Vendor overview
Exhibit 63: JA SOLAR - Business segments
Exhibit 64: JA SOLAR - Organizational developments
Exhibit 65: JA SOLAR - Geographic focus
Exhibit 66: JA SOLAR - Segment focus
Exhibit 67: JA SOLAR - Key offerings
Exhibit 68: Sterling And Wilson - Vendor overview
Exhibit 69: Sterling And Wilson - Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Adani Enterprises
  • Canadian Solar
  • Huawei Technologies
  • JA SOLAR
  • Sterling and Wilson
  • MORE
Solar Power Market in India 2019-2023

The analyst recognizes the following companies as the key players in the solar power market in India: ABB, Adani Enterprises, Canadian Solar, Huawei Technologies, JA SOLAR, and Sterling and Wilson.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of smart cities.”

According to the report, one of the major drivers for this market is the favorable government regulations.

Further, the report states that one of the major factors hindering the growth of this market is the lLow conversion efficiency of solar PV.

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ABB
  • Adani Enterprises
  • Canadian Solar
  • Huawei Technologies
  • JA SOLAR
  • Sterling and Wilson
Note: Product cover images may vary from those shown
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