India Solar Photovoltaic Panel Market Industry Analysis and Forecast (2018-2026)
India Solar Photovoltaic Panel Market (PV) to grow at a CAGR of more than 18 % during a forecast.
India solar photovoltaic panel market is segmented by product, by technology and by end use. Based on panel type, India solar photovoltaic panel market is classified into fixed tilt and axis tracker. Axis tracker segment is further sub-segmented into single axis and dual axis tracker. Crystalline silicone and thin film are technology segments of India solar photovoltaic panel market. Crystalline silicone is sub segmented into mono crystalline and polycrystalline. In terms of application, India solar photovoltaic panel market is fragmented into rooftop and utility scale.
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India is a country with a majority of sunny areas and it has been absolutely favourable for renewable energy generation. Rising need of renewable energy and strong government support drives the India solar photovoltaic panel market. Depleting oil reserves and hike in crude oil prices has resulted into high demand of renewable energy. India aims to install 175GW of renewables capacity by 2022 of which 100GW is outlined for solar power. Environment concern of hydro power plant and rising risk of nuclear plant accident offers an opportunity to India solar photovoltaic panel market. Whereas high installation cost and subsidized electricity charges limits the adoption of solar photovoltaic panel adding restrain to the solar photovoltaic market in India.
India Solar Photovoltaic Panel Market (PV)
Advanced crystalline silicone module technology has the highest share in India solar photovoltaic panel market. Crystalline silicone offers increased cell efficiency. Price of crystalline silicon modules have sharply decreased. The efficiencies of these two technologies are rapidly increasing while the price gap rapidly is narrowing. Thin-film does not necessarily have competitive price advantage over crystalline. In very cold, sunny weather, Crystalline PV can produce the same energy per wp or slightly more than Thin Film.
Rooftop segment is growing at high CAGR. Growth in rooftop solar installations in India is majorly due to savings in electricity bills and increasing consumer acceptance. In 2017, more than 1GW rooftop photovoltaic projects were auctioned by various government bodies, due to a strong policy push by national and local governments.
Tracking systems adjust the position of PV modules to follow the sun can boost yields from solar installations by 40% or more. Fixed tilt panel is dominating the solar photovoltaic panel market in India but trackers are gaining ground in India. Developers are becoming increasingly aware of the enhanced CUFs (Capacity Utilisation Factor) that tracker implementation could bring about.
Sterling and Wilson Pvt Ltd, Tata Power Company Ltd, Vikram Solar Limited, ABB, First Solar Inc., Hanwha Q CELLS Co., Ltd, SMA Solar Technology AG,CME Solar, Adani Group, Azure Power Global Limited, EMMVEE SOLAR, Mahindra Susten Pvt Ltd, Trina Solar Limited are player soperating in the India solar photovoltaic panel market.
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Scope of the India Solar Photovoltaic Panel Market (PV)
India Solar Photovoltaic Market by Technology Type:
• Thin film
• Crystalline Silicone
India Solar Photovoltaic (PV) Market by Product Type:
• Fixed Tilt
• Axis Tracker
India Solar Photovoltaic (PV) Market by End Use Type:
• Rooftop
• Utility Scale
Key Player Analysed in India Solar Photovoltaic Panel Market (PV):
• Sterling and Wilson Pvt Ltd
• Tata Power Company Ltd
• Vikram Solar Limited
• ABB
• First Solar Inc.
• Hanwha Q CELLS Co.
• SMA Solar Technology
• CME Solar
• Adani Group
• Azure Power Global Limited
• EMMVEE SOLAR
• Mahindra Susten Pvt Ltd
• Trina Solar Limited
MAJOR TOC OF THE REPORT
India Solar Photovoltaic Panel Market (PV)
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. India Solar Photovoltaic (PV) Market Size, By Market Value (US$ Mn) and Market
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
5. India Solar Photovoltaic (PV) Market Analysis and Forecast
5.1. India Solar Photovoltaic (PV) Market Size & Y-o-Y Growth Analysis
6. India Solar Photovoltaic (PV) Market Analysis and Forecast, By Product Type
6.1. Introduction and Definition
6.2. Key Findings
6.3. India Solar Photovoltaic (PV) Market Value Share Analysis, By Product Type
6.4. India Solar Photovoltaic (PV) Market Size (US$ Mn) Forecast, By Product Type
6.5. India Solar Photovoltaic (PV) Market Analysis, By Product Type
6.6. India Solar Photovoltaic (PV) Market Attractiveness Analysis, By Product Type
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