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Solar Power Market in India 2022-2026

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    Report

  • 120 Pages
  • February 2022
  • Region: India
  • TechNavio
  • ID: 5550404
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The publisher has been monitoring the solar power market in India and it is poised to grow by $ 240.42 bn during 2022-2026, accelerating at a CAGR of 35.24% during the forecast period. This 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, latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy and favorable government regulation.

The solar power market in India analysis includes end-user and application segments.

The publisher's solar power market in India is segmented as below:


By End-user


  • Utility
  • Rooftop

By Application


  • Grid-connected
  • Off-grid

This study identifies the increased adoption of microgridsas one of the prime reasons driving the solar power market growth in India during the next few years.

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.

This report on solar power market in India covers the following areas:


  • Solar power market sizing
  • Solar power market forecast
  • Solar power market industry analysis

The publisher's 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 vendors in India that include 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. 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 research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key finding 2
Exhibit 03: Key finding 5
Exhibit 04: Key finding 6
Exhibit 05: Key finding 7
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent Market
Exhibit 06: Parent market
Exhibit 07: Market characteristics
2.2 Value chain analysis
Exhibit 08: Value chain analysis: Renewable electricity
2.2.1 Inputs
2.2.2 Electricity generation
2.2.3 Electricity transmission
2.2.4 Electricity distribution
2.2.5 End-users
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: India - Market size and forecast 2021 - 2026 ($ billion)
Exhibit 12: India market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by Application
5.1 Market segments
  • The segments covered in this chapter are:
  • Grid-connected
  • Off-grid
Exhibit 20: Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 21: Comparison by Application
5.3 Grid-connected - Market size and forecast 2021-2026
Exhibit 22: Grid-connected - Market size and forecast 2021-2026 ($ billion)
Exhibit 23: Grid-connected - Year-over-year growth 2021-2026 (%)
5.4 Off-grid - Market size and forecast 2021-2026
Exhibit 24: Off-grid - Market size and forecast 2021-2026 ($ billion)
Exhibit 25: Off-grid - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 26: Market opportunity by Application
6. Market Segmentation by End-user
6.1 Market segments
  • The segments covered in this chapter are:
  • Utility
  • Rooftop
Exhibit 27: End-user - Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 28: Comparison by End-user
6.3 Utility - Market size and forecast 2021-2026
Exhibit 29: Utility - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Utility - Year-over-year growth 2021-2026 (%)
6.4 Rooftop - Market size and forecast 2021-2026
Exhibit 31: Rooftop - Market size and forecast 2021-2026 ($ billion)
Exhibit 32: Rooftop - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by End-user
Exhibit 33: Market opportunity by End-user
7. Customer landscape
  • Publisher'scustomer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7.1 Overview
Exhibit 34: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growth of the organized retail sector
8.1.2 Favorable government regulations
8.1.3 Increased adoption of microgrids
8.2 Market challenges
8.2.1 Presence of other energy sources
8.2.2 Intermittency in solar power generation
8.2.3 Low conversion efficiency of solar PVs
Exhibit 35: Impact of drivers and challenges
8.3 Market trends
8.3.1 Declining costs of solar energy
8.3.2 Rise in product visibility and accessibility through online retailing
8.3.3 Development of smart cities
9. Vendor Landscape
9.1 Overview
Exhibit 36: Vendor landscape
9.2 Landscape disruption
Exhibit 37: Landscape disruption
Exhibit 38: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 39: Vendors covered
10.2 Market positioning of vendors
Exhibit 40: Market positioning of vendors
10.3 ABB Ltd.
Exhibit 41: ABB Ltd. - Overview
Exhibit 42: ABB Ltd. - Business segments
Exhibit 43: ABB Ltd. - Key news
Exhibit 44: ABB Ltd. - Key offerings
Exhibit 45: ABB Ltd. - Segment focus
10.4 ACME Solar
Exhibit 46: ACME Solar - Overview
Exhibit 47: ACME Solar - Product and service
Exhibit 48: ACME Solar - Key offerings
10.5 Adani Enterprises Ltd.
Exhibit 49: Adani Enterprises Ltd. - Overview
Exhibit 50: Adani Enterprises Ltd. - Business segments
Exhibit 51: Adani Enterprises Ltd. - Key news
Exhibit 52: Adani Enterprises Ltd. - Key offerings
Exhibit 53: Adani Enterprises Ltd. - Segment focus
10.6 Azure Power
Exhibit 54: Azure Power - Overview
Exhibit 55: Azure Power - Business segments
Exhibit 56: Azure Power - Key news
Exhibit 57: Azure Power - Key offerings
10.7 Canadian Solar Inc.
Exhibit 58: Canadian Solar Inc. - Overview
Exhibit 59: Canadian Solar Inc. - Business segments
Exhibit 60: Canadian Solar Inc. - Key news
Exhibit 61: Canadian Solar Inc. - Key offerings
Exhibit 62: Canadian Solar Inc. - Segment focus
10.8 GCL System Integration Technology Co. Ltd.
Exhibit 63: GCL System Integration Technology Co. Ltd. - Overview
Exhibit 64: GCL System Integration Technology Co. Ltd. - Business segments
Exhibit 65: GCL System Integration Technology Co. Ltd. - Key news
Exhibit 66: GCL System Integration Technology Co. Ltd. - Key offerings
10.9 Huawei Investment and Holding Co. Ltd.
Exhibit 67: Huawei Investment and Holding Co. Ltd. - Overview
Exhibit 68: Huawei Investment and Holding Co. Ltd. - Business segments
Exhibit 69: Huawei Investment and Holding Co. - Key news
Exhibit 71: Huawei Investment and Holding Co. Ltd. - Segment focus
10.10 JA Solar Technology Co. Ltd.
Exhibit 72: JA Solar Technology Co. Ltd. - Overview
Exhibit 73: JA Solar Technology Co. Ltd. - Business segments
Exhibit 74: JA Solar Technology Co. Ltd. - Key news
Exhibit 75: JA Solar Technology Co. Ltd. - Key offerings
10.11 juwi AG
Exhibit 76: juwi AG - Overview
Exhibit 77: juwi AG - Product and service
Exhibit 78: juwi AG - Key news
Exhibit 79: juwi AG - Key offerings
10.12 Sterling and Wilson Solar Ltd.
Exhibit 80: Sterling and Wilson Solar Ltd. - Overview
Exhibit 81: Sterling and Wilson Solar Ltd. - Business segments
Exhibit 82: Sterling and Wilson Solar Ltd. - Key news
Exhibit 83: Sterling and Wilson Solar Ltd. - Key offerings
Exhibit 84: Sterling and Wilson Solar Ltd. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 86: Research Methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
11.4 List of abbreviations
Exhibit 89: List of abbreviations
List of Exhibits
1: Key Finding 1
2: Key Finding 2
3: Key Finding 5
4: Key Finding 6
5: Key Finding 7
6: Parent market
7: Market characteristics
8: Offerings of vendors included in the market definition
9: Market segments
10: Global - Market size and forecast 2021 - 2026 ($ billion)
11: Global market: Year-over-year growth 2021 - 2026 (%)
12: Five forces analysis 2021 & 2026
13: Bargaining power of buyers
14: Bargaining power of suppliers
15: Threat of new entrants
16: Threat of substitutes
17: Threat of rivalry
18: Market condition - Five forces 2021
19: Application - Market share 2021-2026 (%)
20: Comparison by Application
21: Grid-connected - Market size and forecast 2021-2026 ($ billion)
22: Grid-connected - Year-over-year growth 2021-2026 (%)
23: Off-grid - Market size and forecast 2021-2026 ($ billion)
24: Off-grid - Year-over-year growth 2021-2026 (%)
25: Market opportunity by Application
26: End-user - Market share 2021-2026 (%)
27: Comparison by End-user
28: Utility - Market size and forecast 2021-2026 ($ billion)
29: Utility - Year-over-year growth 2021-2026 (%)
30: Rooftop - Market size and forecast 2021-2026 ($ billion)
31: Rooftop - Year-over-year growth 2021-2026 (%)
32: Market opportunity by End-user
33: Customer landscape
34: Impact of drivers and challenges
35: Vendor landscape
36: Landscape disruption
37: Industry risks
38: Vendors covered
39: Market positioning of vendors
40: ABB Ltd. - Overview
41: ABB Ltd. - Business segments
42: ABB Ltd. - Key offerings
43: ABB Ltd. - Key customers
44: ABB Ltd. - Segment focus
45: ACME Solar - Overview
46: ACME Solar - Product and service
47: ACME Solar - Key offerings
48: ACME Solar - Key customers
49: ACME Solar - Segment focus
50: Adani Enterprises Ltd. - Overview
51: Adani Enterprises Ltd. - Business segments
52: Adani Enterprises Ltd. - Key offerings
53: Adani Enterprises Ltd. - Key customers
54: Adani Enterprises Ltd. - Segment focus
55: Azure Power - Overview
56: Azure Power - Business segments
57: Azure Power - Key offerings
58: Azure Power - Key customers
59: Azure Power - Segment focus
60: Canadian Solar Inc. - Overview
61: Canadian Solar Inc. - Business segments
62: Canadian Solar Inc. - Key offerings
63: Canadian Solar Inc. - Key customers
64: Canadian Solar Inc. - Segment focus
65: GCL System Integration Technology Co. Ltd. - Overview
66: GCL System Integration Technology Co. Ltd. - Business segments
67: GCL System Integration Technology Co. Ltd. - Key offerings
68: GCL System Integration Technology Co. Ltd. - Key customers
69: GCL System Integration Technology Co. Ltd. - Segment focus
70: Huawei Investment and Holding Co. Ltd. - Overview
71: Huawei Investment and Holding Co. Ltd. - Business segments
72: Huawei Investment and Holding Co. Ltd. - Key offerings
73: Huawei Investment and Holding Co. Ltd. - Key customers
74: Huawei Investment and Holding Co. Ltd. - Segment focus
75: JA Solar Technology Co. Ltd. - Overview
76: JA Solar Technology Co. Ltd. - Business segments
77: JA Solar Technology Co. Ltd. - Key offerings
78: JA Solar Technology Co. Ltd. - Key customers
79: JA Solar Technology Co. Ltd. - Segment focus
80: juwi AG - Overview
81: juwi AG - Product and service
82: juwi AG - Key offerings
83: juwi AG - Key customers
84: juwi AG - Segment focus
85: Sterling and Wilson Solar Ltd. - Overview
86: Sterling and Wilson Solar Ltd. - Business segments
87: Sterling and Wilson Solar Ltd. - Key offerings
88: Sterling and Wilson Solar Ltd. - Key customers
89: Sterling and Wilson Solar Ltd. - Segment focus
90: Currency conversion rates for US$
91: Research Methodology
92: Validation techniques employed for market sizing
93: Information sources
94: List of abbreviations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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
  • Sterling and Wilson Solar Ltd.