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India Solar Energy Policy and Market Outlook for 2019 and Beyond

  • Report

  • 36 Pages
  • August 2019
  • Region: India
  • Market Intelligence & Consulting Institute (MIC)
  • ID: 4841778

With sufficient sunshine, India has a good motivation to develop its solar energy industry due to electricity and power shortages in urban and rural areas. Over the years, India's electricity demand has been growing rapidly. In 2017-2018, the peak demand for electricity reached 164.07 GW. In June 2018 alone, the peak demand reached 171 GW. It is estimated that electricity demand will increase to 295 GW in 2021-2022 and to 690 GW in 2035-2036. Until 2034, India will need an additional 450 GW of electricity. The positive policy of the Indian government has attracted several vendors from various countries to invest in India.

In recent years, the Indian government has strived to promote the local market which has been lack of manufacturing capacity and competitiveness. Many foreign vendors have actively rushed into India to seize the market share by investing in factories or participating in the bidding. This report provides an overview of the economic development in India, outlines solar energy policies of the government, and analyzes its market and industry developments; examines challenges and opportunities of solar energy for India.

List of Topics

  • Statistical and economic facts of India and includes its developments compared to other countries and its energy demand analysis
  • Outline of solar energy policies of the Indian government
  • Development of the Indian solar energy market size forecast in terms of GW for the period 2019-2036 and includes the outline of the government’s initiatives and the anticipated benefits
  • Analysis of key challenges for solar energy developments in India
  • Analysis of market opportunities from an emerging application perspective

Table of Contents

  1. India Economic Development
  2. India Energy Demand
  3. India Energy Solar Policies
  4. India Solar Energy Market and Industry
  5. Solar Energy Development Challenges
  6. Opportunities and Recommendations
  7. Conclusions

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Airro Singapore Pte Ltd
  • Airro(Mauritius) Holdings
  • Asian Development Bank
  • Azure Power India Pvt Ltd
  • BLP Energy Pvt Ltd
  • Diligent Power Pvt Ltd
  • Enel Green Power Development B.V.
  • Gamesa Eolica S.L
  • Gamesa Wind Turbines Pvt Ltd
  • Greenko Energies Pvt Ltd
  • Greenko Mauritius
  • Lalpur Wind Energy Pvt Ltd
  • Mudajaya Corporation Berhad
  • Orix Corporation
  • Ostro Energy Pvt Ltd
  • Ostro Renewal Power Ltd
  • Power Global Ltd
  • Renew Power Ventures Pvt Ltd
  • RKM Powergen Pvt Ltd
  • SoftBank
  • Tadas Wind Energy Pvt Ltd


Primary research with a holistic, cross-domain approach

The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.

Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:


  • Component supplier interviews
  • System supplier interviews
  • User interviews
  • Channel interviews
  • IPO interviews
  • Focus groups
  • Consumer surveys
  • Production databases
  • Financial data
  • Custom databases


  • Technology forecasting and assessment
  • Product assessment and selection
  • Product life cycles
  • Added value analysis
  • Market trends
  • Scenario analysis
  • Competitor analysis