DUBLIN–(BUSINESS WIRE)–The “India
Solar Power Equipment Market By Equipment Type (Solar Cell, Solar
Inverter, Solar Charge Controller, Solar Thermal Collector and Others),
Competition, Forecast & Opportunities, 2014-2024” report
has been added to ResearchAndMarkets.com’s offering.
The Indian solar power equipment market is projected to grow at a CAGR
of over 12% to reach $ 6.3 billion by 2024, owing to increasing focus on
solar power generation.
Moreover, government’s plan to achieve 100 GW by 2022, favorable
policies & incentives, schemes for development of solar parks and
ultra-mega solar power projects are expected to aid the growth of the
Indian solar power equipment market in the coming years.
Launch of Jawaharlal Nehru National Solar Mission by Government of India
in 2010 is a major initiative taken to promote sustainable development
of solar energy sector in the country. Additionally, other factors like
constantly improving solar equipment technologies, advanced
manufacturing processes for production of hi-tech equipment and
anticipated decline in equipment prices are likely to positively
influence the Indian solar equipment market over the next five years.
India Solar Power Equipment Market Segment Insights
On the basis of equipment, the Indian solar power equipment market is
categorized into solar cell, solar inverter, solar charge controller,
solar thermal collector and others. Of all, solar cell market holds
significant share in the Indian solar power equipment market and is
anticipated to maintain its dominance during forecast period as well.
The major factors driving the growth of solar cell market include rising
installation of solar projects across different regions and favorable
government policies.
India Solar Power Equipment Market Regional Insights
Regionally, southern region is the major demand generator for solar
power equipment, with states like Karnataka, Tamil Nadu, Andhra Pradesh
and Telangana being the key markets in the region. The market for solar
power equipment in the southern region is growing due to increasing
investments in solar power equipment and presence of rich states in
terms of annual quantity and availability of solar radiation. Southern
solar power equipment market is anticipated to witness steady growth
during forecast period.
India Solar Power Equipment Market Competitive Landscape
To increase customer demand, major vendors in solar power equipment
market are focusing on introducing technologically advanced solutions
and systems at cheaper prices. This helps vendors to differentiate
themselves from counterparts and sustain competition. Moreover,
strategic partnerships & collaborations with Developers & EPC
contractors and investments in R&D activities are some of the other
strategies adopted by major market players to enhance their existing
product portfolio and expand their market footprints.
Some of the leading players in the Indian solar power equipment market
are Mundra Solar PV Ltd (Adani Solar), Tata Power Solar Systems Ltd.,
Vikram Solar Limited, Waaree Energies Ltd., Indosolar, Goldi Solar Pvt.
Ltd., Gautam Solar Pvt. Ltd., Websol Energy System Limited, Central
Electronics Limited, and Euro Multivision Ltd.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
4.1. Aided Brand Awareness
4.2. Factors Influencing Purchase Decision
4.3. Willingness to switch from existing brand
4.4. Challenges & Unmet Needs
5. India Power Generation Market Outlook
6. India Solar Power Equipment Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Equipment Type (Solar Cell, Solar Inverter, Solar Charge
Controller, Solar Thermal Collector and Others)
6.2.2. By Region
6.2.3. By Company
7. India Solar Cell Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Size & Forecast
7.2.1. By Type (Polycrystalline, Monocrystalline and Thin Film Solar)
8. India Solar Inverter Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Size & Forecast
8.2.1. By Type (Central Inverter and String Inverter)
9. India Solar Charge Controller Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Size & Forecast
9.2.1. By Type (Maximum Power Point Tracker, Pulse Width Modulation and
Simple 1 or 2 Stage Controls)
10. India Solar Thermal Collector Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Size & Forecast
10.2.1. By Type (Concentrating and Non-Concentrating)
11. Import & Export Analysis
12. Pricing Analysis
13. Demand-Supply Gap Analysis
14. Market Dynamics
15. Market Trends & Developments
16. Policy & Regulatory Landscape
17. India Economic Profile
18. Competitive Landscape
18.1. Company Profiles
18.1.1. Mundra Solar PV Ltd (Adani Solar)
18.1.2. Tata Power Solar Systems Ltd.
18.1.3. Vikram Solar Limited
18.1.4. Waaree Energies Ltd.
18.1.5. Indosolar
18.1.6. Goldi Solar Pvt. Ltd.
18.1.7. Gautam Solar Pvt. Ltd.
18.1.8. Websol Energy System Limited
18.1.9. Central Electronics Limited
18.1.10. Euro Multivision Ltd
19. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/c0htwc