Solar off-Grid Market Boosting Indian Solar Power Industry

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) -- 04/22/2015 -- Growing off-grid market from commercial, industrial and residential in rural and semi urban area are boosting overall Indian solar power market backed up with government initiatives and favorable policies making feasible for profit organization and nonprofit organization to participate in installment and distribution. Further one of the major factors is curbing dependence on diesel generator for electricity back up is contributing to the growth of off-grid market. This is one of the factors that boosting Indian Solar power PV installation growing at a CAGR of around 14% during the forecast period 2015-2020.

The report "Indian Solar Power Industry Outlook 2020", is compiled study on the market and existence on the solar power market and growth in India. Besides that, the report exhibits the emerging trends and drivers which are boosting the solar power market in India such as government policy relying on unconventional source of energy to bridge the demand gab of electricity, technology advancement reducing the cost of solar cell.

Additionally, our report offers market data divided into various applications of solar products in off –grid and grid market. In order to provide thorough sight of the market we have given exhaustive research finding for solar power parks installment activities. The report also provides the latest updates on the states wise development in solar power parks installment.

Moreover the report also includes brief profiles of key solar power companies in India. We have tried to provide the insight of current market scenario and existing competition to our customers. Overall, the research contains exhaustive information that will help clients in formulating market strategies and assessing opportunity areas in the Indian solar power market.

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