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Solar Power Market In India 2026-2030

Publisher TechNavio
Published Feb 11, 2026
Length 178 Pages
SKU # INF20865408

Description

Solar Power Market In India 2026-2030

The solar power market in india is forecasted to grow by USD 1413.3 bn during 2025-2030, accelerating at a CAGR of 49.5% during the forecast period. The report on the solar power market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by supportive government policies and strategic national initiatives, declining costs and enhanced economic competitiveness, rising energy demand and strong push for decarbonization.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's solar power market in india is segmented as below:

By Application
  • Grid-connected
  • Off-grid
By End-User
  • Utility
  • Rooftop
By Technology
  • Photovoltaic systems
  • Concentrated solar power
Geography
  • APAC
  • India
This study identifies the explosive growth in domestic solar module manufacturing as one of the prime reasons driving the solar power market in india growth during the next few years. Also, unprecedented surge in rooftop solar installations and strategic integration with green hydrogen economy will lead to sizable demand in the market.

The report on the solar power market in india covers the following areas:
  • Solar power market in india sizing
  • Solar power market in india forecast
  • Solar power market in india industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar power market in india vendors that include ABB Ltd., Adani Group, Azure Power Global Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., juwi AG, Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., Reliance Industries Ltd., ReNew Energy Global Plc, SMA Solar Technology AG, Sungrow Power Supply Co. Ltd., Sunsure Energy, Suzlon Energy Ltd., Tata Power Co. Ltd.. Also, the solar power market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

178 Pages
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2025 and 2030
3 Market Landscape
3.1 Market ecosystem
Chart on Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Chart on Market characteristics analysis
3.3 Value chain analysis
Chart on Value chain analysis
4 Market Sizing
4.1 Market definition
Data Table on Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2025
4.4 Market outlook: Forecast for 2025-2030
Chart on India - Market size and forecast 2025-2030 ($ billion)
Data Table on India - Market size and forecast 2025-2030 ($ billion)
Chart on India: Year-over-year growth 2025-2030 (%)
Data Table on India: Year-over-year growth 2025-2030 (%)
5 Historic Market Size
5.1 Solar Power Market in India 2020 - 2024
Historic Market Size - Data Table on Solar Power Market in India 2020 - 2024 ($ billion)
5.2 Application segment analysis 2020 - 2024
Historic Market Size - Application Segment 2020 - 2024 ($ billion)
5.3 End-user segment analysis 2020 - 2024
Historic Market Size - End-user Segment 2020 - 2024 ($ billion)
5.4 Technology segment analysis 2020 - 2024
Historic Market Size - Technology Segment 2020 - 2024 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI in solar power market in India
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2025 and 2030
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2025 and 2030
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2025 and 2030
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2025 and 2030
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2025 and 2030
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2025 and 2030
7.7 Market condition
Chart on Market condition - Five forces 2025 and 2030
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2025-2030 (%)
Data Table on Application - Market share 2025-2030 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Grid-connected - Market size and forecast 2025-2030
Chart on Grid-connected - Market size and forecast 2025-2030 ($ billion)
Data Table on Grid-connected - Market size and forecast 2025-2030 ($ billion)
Chart on Grid-connected - Year-over-year growth 2025-2030 (%)
Data Table on Grid-connected - Year-over-year growth 2025-2030 (%)
8.4 Off-grid - Market size and forecast 2025-2030
Chart on Off-grid - Market size and forecast 2025-2030 ($ billion)
Data Table on Off-grid - Market size and forecast 2025-2030 ($ billion)
Chart on Off-grid - Year-over-year growth 2025-2030 (%)
Data Table on Off-grid - Year-over-year growth 2025-2030 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ billion)
Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2025-2030 (%)
Data Table on End-user - Market share 2025-2030 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Utility - Market size and forecast 2025-2030
Chart on Utility - Market size and forecast 2025-2030 ($ billion)
Data Table on Utility - Market size and forecast 2025-2030 ($ billion)
Chart on Utility - Year-over-year growth 2025-2030 (%)
Data Table on Utility - Year-over-year growth 2025-2030 (%)
9.4 Rooftop - Market size and forecast 2025-2030
Chart on Rooftop - Market size and forecast 2025-2030 ($ billion)
Data Table on Rooftop - Market size and forecast 2025-2030 ($ billion)
Chart on Rooftop - Year-over-year growth 2025-2030 (%)
Data Table on Rooftop - Year-over-year growth 2025-2030 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
10 Market Segmentation by Technology
10.1 Market segments
Chart on Technology - Market share 2025-2030 (%)
Data Table on Technology - Market share 2025-2030 (%)
10.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
10.3 Photovoltaic systems - Market size and forecast 2025-2030
Chart on Photovoltaic systems - Market size and forecast 2025-2030 ($ billion)
Data Table on Photovoltaic systems - Market size and forecast 2025-2030 ($ billion)
Chart on Photovoltaic systems - Year-over-year growth 2025-2030 (%)
Data Table on Photovoltaic systems - Year-over-year growth 2025-2030 (%)
10.4 Concentrated solar power - Market size and forecast 2025-2030
Chart on Concentrated solar power - Market size and forecast 2025-2030 ($ billion)
Data Table on Concentrated solar power - Market size and forecast 2025-2030 ($ billion)
Chart on Concentrated solar power - Year-over-year growth 2025-2030 (%)
Data Table on Concentrated solar power - Year-over-year growth 2025-2030 (%)
10.5 Market opportunity by Technology
Market opportunity by Technology ($ billion)
Data Table on Market opportunity by Technology ($ billion)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity
12.1 Market drivers
Supportive government policies and strategic national initiatives
Declining costs and enhanced economic competitiveness
Rising energy demand and strong push for decarbonization
12.2 Market challenges
Grid integration and infrastructure bottlenecks
Land acquisition and resource management
Domestic manufacturing ecosystem and supply chain vulnerabilities
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2025 and 2030
12.4 Market opportunities
Explosive growth in domestic solar module manufacturing
Unprecedented surge in rooftop solar installations
Strategic integration with green hydrogen economy
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
SWOT
14.5 Adani Group
Adani Group - Overview
Adani Group - Product / Service
Adani Group - Key news
Adani Group - Key offerings
SWOT
14.6 Azure Power Global Ltd.
Azure Power Global Ltd. - Overview
Azure Power Global Ltd. - Product / Service
Azure Power Global Ltd. - Key offerings
SWOT
14.7 Huawei Technologies Co. Ltd.
Huawei Technologies Co. Ltd. - Overview
Huawei Technologies Co. Ltd. - Product / Service
Huawei Technologies Co. Ltd. - Key news
Huawei Technologies Co. Ltd. - Key offerings
SWOT
14.8 JA Solar Technology Co. Ltd.
JA Solar Technology Co. Ltd. - Overview
JA Solar Technology Co. Ltd. - Product / Service
JA Solar Technology Co. Ltd. - Key news
JA Solar Technology Co. Ltd. - Key offerings
SWOT
14.9 juwi AG
juwi AG - Overview
juwi AG - Product / Service
juwi AG - Key offerings
SWOT
14.10 Larsen and Toubro Ltd.
Larsen and Toubro Ltd. - Overview
Larsen and Toubro Ltd. - Business segments
Larsen and Toubro Ltd. - Key offerings
Larsen and Toubro Ltd. - Segment focus
SWOT
14.11 Mahindra and Mahindra Ltd.
Mahindra and Mahindra Ltd. - Overview
Mahindra and Mahindra Ltd. - Business segments
Mahindra and Mahindra Ltd. - Key news
Mahindra and Mahindra Ltd. - Key offerings
Mahindra and Mahindra Ltd. - Segment focus
SWOT
14.12 Reliance Industries Ltd.
Reliance Industries Ltd. - Overview
Reliance Industries Ltd. - Business segments
Reliance Industries Ltd. - Key news
Reliance Industries Ltd. - Key offerings
Reliance Industries Ltd. - Segment focus
SWOT
14.13 ReNew Energy Global Plc
ReNew Energy Global Plc - Overview
ReNew Energy Global Plc - Business segments
ReNew Energy Global Plc - Key offerings
ReNew Energy Global Plc - Segment focus
SWOT
14.14 SMA Solar Technology AG
SMA Solar Technology AG - Overview
SMA Solar Technology AG - Business segments
SMA Solar Technology AG - Key offerings
SMA Solar Technology AG - Segment focus
SWOT
14.15 Sungrow Power Supply Co. Ltd.
Sungrow Power Supply Co. Ltd. - Overview
Sungrow Power Supply Co. Ltd. - Product / Service
Sungrow Power Supply Co. Ltd. - Key offerings
SWOT
14.16 Sunsure Energy
Sunsure Energy - Overview
Sunsure Energy - Product / Service
Sunsure Energy - Key offerings
SWOT
14.17 Suzlon Energy Ltd.
Suzlon Energy Ltd. - Overview
Suzlon Energy Ltd. - Business segments
Suzlon Energy Ltd. - Key offerings
Suzlon Energy Ltd. - Segment focus
SWOT
14.18 Tata Power Co. Ltd.
Tata Power Co. Ltd. - Overview
Tata Power Co. Ltd. - Business segments
Tata Power Co. Ltd. - Key offerings
Tata Power Co. Ltd. - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
Market definition
Objectives
Notes and caveats
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations

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