The Indian solar photovoltaic industry has been growing at a fast pace for the past four years. However, India’s share in the global photovoltaic production is less than 2%, but the country has enormous potential for PV installations. According to our research report “Indian Solar Energy Market Outlook 2012” PV installations in India are expected to grow at a CAGR of around 120% during 2009-2013. Ministry of New and Renewable Energy and state governments are providing necessary support in the form of tax rebates and incentives to promote the renewable energy industry especially solar. Besides, the increasing awareness of solar energy and its benefits will fuel growth in the years to come.
Our research has found that many Indian states (e.g. Rajasthan - there are no grid connectivity charges apart from regular tariffs provided by MNRE) have formulated transparent and coherent regulatory environment to boost the domestic solar equipment manufacturing.In addition, the global environmental obligations related to climate change are shifting the Indian government focus from conventional to non-conventional energy sources.We have also found that solar based applications such as solar water heating systems, solar thermal plants, PV pumps, etc. will grow in the years to come. It is expected that solar water heating systems alone will grow at a CAGR of around 22% during 2011-2013.
The report also analyzes the Indian photovoltaic industry and its different segments solar street lighting systems, solar home lighting systems, solar lanterns, power plants and photovoltaic pumps. Our report includes state level analysis, including Rajasthan, Gujarat, Tamil Nadu, Maharashtra, West Bengal, Delhi, Chandigarh, Uttar Pradesh and Karnataka, based on recent regulatory changes and growth in the solar industry. The report thoroughly studies key industry indicators and players in the Indian solar industry.
“Indian Solar Energy Market Outlook 2012” evaluates prevailing trends and provides valuable information about the solar industry in India. Our team of experts has put their utmost effort in order to understand the current trends. The report reflects the true picture of the Indian solar industry to help clients making prudent investment decision.
For more information visit: http://www.rncos.com/Report/IM187.htm |
