Solar Power Products Market to Grow at 10% During Next 5 Years in India
Rising government
initiatives aimed at promoting renewable energy and increasing development of
solar rooftop power plants to boost India solar power products market through
2022
According to TechSci Research report, “India Solar Power Products Market By Product Type,
Competition
Forecast & Opportunities, 2012 - 2022”, the market for solar power products in India is projected to
grow
at a CAGR of over 10% during
2017 – 2022. India’s solar power potential is high, as majority of the country’s
geographical area lies within the tropics. As per the Census of India 2011 and
Wasteland Atlas of India 2011, the total solar power capacity in the country
stood at 748 GW, which is more than twice of the country’s total installed
power capacity. In 2015, Government of India set a target of 100 GW of solar
power generation in the country by 2022. Backed by favorable government
measures and availability of solar radiation throughout the year, solar power
products market in India is expected to grow at a healthy pace over the next
five years.
Browse 10
market data Tables and 23 Figures spread through 111 Pages and an
in-depth TOC on "India Solar
Power Products Market"
https://www.techsciresearch.com/report/india-solar-power-products-market-by-product-type-solar-rooftop-pv-solar-pump-solar-pv-tracking-system-solar-lantern-competition-forecast-opportunities/940.html
Solar power products market in the
country is in the developing phase and numerous measures have been taken by the
Indian government to promote solar power generation. In order to map the solar
potential of the country, Ministry of New and Renewable Energy installed 51
Solar Radiation Resource Assessment Stations in the country. The solar
radiation measurement project was started in June 2015 for an investment of
USD4.96 million, and solar radiation incidence would be measured across various
locations in the country to calculate solar potential at those locations. Growing
government focus on increasing the share of solar power in the country’s energy
mix is expected to fuel growth in India solar power products market.
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“Improvement is solar cell technology
helps in dissipation of excess heat from solar panels without hampering
operations of solar cells and thereby leading to enhanced power generation.
Increase in electric production from solar cells is projected to lead to
improvement in performance of solar products such as solar pumps, solar
lanterns, etc. Improvements in solar power generation technology is anticipated
to boost growth in India solar power products market through 2022.” Said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Solar Power Products Market By Product Type,
Competition
Forecast & Opportunities, 2012 - 2022” has evaluated the future
growth potential of India solar power products market and provides statistics
and information on market size, consumer behavior and trends. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and
analyzes emerging trends along with essential drivers, challenges and opportunities
available in India solar power products market.
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