India is endowed with vast potential of solar energy, which when harnessed effectively can be addressed to a large-scale deployment of solar energy. Indian Government is adopting constructive steps towards implementing large-scale solar power projects and is poised to position itself as one of the world’s major solar producer. Besides, it is quickly developing itself as the major manufacturing hub for solar power plants. Effective utilization of India’s solar potential lies in the successful implementation of the Jawaharlal Nehru National Solar Mission (JNNSM) by the government. This mission would also help in mitigating the international pressure with regard to emission reductions.
According to our latest research report, “Indian Solar Energy Market Analysis”, the country portrays unlimited growth potential for solar photovoltaic industry in future. Ever-increasing electricity demand, high irradiation levels, favorable government policies, and huge investments worth Billions of dollars are propelling growth of this industry.
Besides, the government is eager to increase the overall share of solar energy in the country by concurrently improving infrastructural conditions in the country, especially through solar parks and schemes like ‘development of solar cities’, energy efficient green buildings’, generation-based incentives, and subsidies and promotion for solar PV devices that are also encouraging PV installation in the country. Majority of the states are deploying PV power plants and with the effective implementation of the National Solar Mission, it is expected that, the annual PV-installed capacity will grow at a CAGR of around 49.5% during 2010-2014 to reach 1500 MW by 2014-end.
Currently, the Indian solar energy market is being served by players, such as BHEL, Tata Solar, Moser Baer India, etc. The report contains comprehensive information about all the solar energy providers in India, with special focus on their recent developments and areas of expertise. It also explains the reason why all the incumbent players have been investing huge amounts in establishing their plants for solar energy across different states of the country.
“Indian Solar Energy Market Analysis”, report focuses on the growing marketplace for solar industry at the domestic level and analyzes the current market trends along with future growth prospects of the industry. It contains detail data on cumulative installed PV capacity and future market potential of the key states, thereby, helping clients in identifying factors critical to their successful market penetration. Besides, the report also provides detailed information about various Government policies, incentives, and schemes at state and central level, thus offering a gainful insight of government support in this sector.
