Ideas That Generate Results
Indian Solar Power Industry Outlook to 2017
Among the renewable energy sources, solar energy is one of the best sources and India has lot of potential for solar power generation. The country is looking to position itself as one of the world’s major solar power producers in the coming years. Consequently, there are large scale deployments of solar projects and products across the country. Additionally, the government is adopting significant measures towards the implementation of large-scale solar power projects. Through various incentive schemes, the government is trying to create demand and boost investments in the sector.
As per the RNCOS latest research study “Indian Solar Power Industry Outlook to 2017”, the country’s installed capacity for solar power generation has increased tremendously during the last few years. Rising electricity demand, high irradiation levels, favorable government policies, and huge investments are supporting growth in the solar industry. The annual PV installed capacity is anticipated to reach more than 1,000 MW by 2016.
For its report, RNCOS has studied the solar energy industry in terms of products, including solar lanterns, solar street light systems, solar home light systems, solar pumps etc., with their annual sales and market size as well as provided forecasts till FY 2017. The report analyzed some of the top states in the country to further clarify the picture of solar power installations, and solar projects sanctioned. State-wise analyses also cover the regulatory environment and recent developments in different states. Moreover, the report covers an analysis of various solar technologies related to PV and thermal applications.
A section on emerging market trends is provided in the solar report, as manufacturing of the indigenous solar products is on the rise. Grid parity in India, solar rooftops, declining solar photovoltaic costs etc., are well exhibited. Additionally, a ‘key players’ analysis is provided to help know the current market’s scenario and get accustomed to the existing competition. Recent developments of key players coupled with strategic analyses of their strengths and weaknesses further complete the picture of the competitive landscape. In all, the report presents a comprehensive look at the sector’s past, present, and future scenarios.