Indian Solar Power Market Attaining New Heights

India Solar power annual PV installed capacity is anticipated to grow at a GAGR of around 14% during the forecasted period 2015-2020 says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 04/21/2015 -- Indian Solar market, driven by the abundant sun rays and the technology advancement has the potential to become one of the leading solar markets by assisting sector like Power, Industrial, Defense, Commercial and Residential. Further with the growing interest from the government and incentive policy, more foreign investors and players are focusing to India for expanding their presence in India. Considering the above factors, the India Solar power market by annual PV installed capacity is projected to grow at a CAGR of around 14% during the forecasted period 2014-2020.

Research Analysis & Highlights

The report "Indian Solar Power Industry Outlook 2020", by RNCOS spread over 145 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the India solar power off-grid and grid market. Besides that, the report exhibits the emerging trend and drivers which are boosting the India solar power market.

Report, thoroughly discusses Indian solar power market by PV installed capacity, market size of application based off-grid solar products and grid based segment growth. Apart from the statistical data analysis, a qualitative data of off-grid and grid based analysis of top solar power generation states is included in the report.

The domestic competition among the players in Indian solar power is intensifying with the days passing by. Thus we have tried to provide the insight of current market scenario and existing competition to our customers in competitive analysis which also covers recent activities by these players. In all, the report presents a comprehensive look at the sector's present and future scenario.

Some of the report's key highlights include:

- Indian government to rely more on non-conventional source of energy
- Declining Solar cell cost by improving technology
- Government initiatives to increase share of rooftop solar market
- Growing off-grid market through un-electrified Indian households

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.