Solar Power Market in India 2025-2029

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	151 Pages	TechNavio	February, 2025	INF19659208

Best Price Guarantee
Price	from $2,500
Length	151 Pages
Publisher	TechNavio
Published Date	February, 2025
SKU	INF19659208

Solar Power Market In India 2025-2029

The solar power market in India is forecasted to grow by USD 754 billion during 2024-2029, accelerating at a CAGR of 42.4% 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 increasing investments in renewable energy, favorable government regulations for solar energy, and increased adoption of microgrids.

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 Geographical Landscape

APAC

This study identifies the declining costs of solar energy as one of the prime reasons driving the solar power market in India growth during the next few years. Also, rising adoption of floating solar power plants and development of smart cities 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, ACME Solar, Adani Group, Azure Power Global Ltd., Canadian Solar Inc., GCL System Integration Technology Co. Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., MVV Energie AG, Reliance Industries Ltd., ReNew Energy Global PLC, Risen Energy Co. Ltd., SMA Solar Technology AG, Sterling and Wilson Renewable Energy Ltd, Sungrow Power Supply Co. Ltd., Sunsure Energy, and Suzlon Energy 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.

Executive Summary
- Market overview
  - Table Executive Summary - Data Table on Market Overview
Technavio Analysis
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Criticality of inputs and Factors of differentiation
- Factors of disruption
- Impact of drivers and challenges
Market Landscape
- Market ecosystem
  - Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2024
- Market outlook: Forecast for 2024-2029
  - Table Data Table on India - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on India: Year-over-year growth 2024-2029 (%)
Historic Market Size
- Solar Power Market in India 2019 - 2023
  - Table Historic Market Size - Data Table on Solar Power Market in India 2019 - 2023 ($ billion)
- Application segment analysis 2019 - 2023
- End-user segment analysis 2019 - 2023
Qualitative Analysis
- Impact on AI on Solar Power Market in India
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
  - Table Data Table on Application - Market share 2024-2029 (%)
- Comparison by Application
  - Table Data Table on Comparison by Application
- Grid-connected - Market size and forecast 2024-2029
  - Table Data Table on Grid-connected - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
- Off-grid - Market size and forecast 2024-2029
  - Table Data Table on Off-grid - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
- Market opportunity by Application
  - Table Data Table on Market opportunity by Application ($ billion)
Market Segmentation by End-user
- Market segments
  - Table Data Table on End-user - Market share 2024-2029 (%)
- Comparison by End-user
  - Table Data Table on Comparison by End-user
- Utility - Market size and forecast 2024-2029
  - Table Data Table on Utility - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Utility - Year-over-year growth 2024-2029 (%)
- Rooftop - Market size and forecast 2024-2029
  - Table Data Table on Rooftop - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
- Market opportunity by End-user
  - Table Data Table on Market opportunity by End-user ($ billion)
Customer Landscape
- Customer landscape overview
Drivers, Challenges, and Opportunity/Restraints
- Market drivers
  - Increasing investments in renewable energy
  - Favorable government regulations for solar energy
  - Increased adoption of microgrids
- Market challenges
  - Increase in availability of other energy sources
  - Intermittency in solar power generation
  - Low conversion efficiency of solar PVs
- Impact of drivers and challenges
- Market opportunities/restraints
  - Declining costs of solar energy
  - Rising adoption of floating solar power plants
  - Development of smart cities
Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
Competitive Analysis
- Companies profiled
- Company ranking index
- Market positioning of companies
- ABB Ltd
- ACME Solar
- Adani Group
- Azure Power Global Ltd.
- Canadian Solar Inc.
- GCL System Integration Technology Co. Ltd.
- Huawei Technologies Co. Ltd.
- JA Solar Technology Co. Ltd.
- Larsen and Toubro Ltd.
- Mahindra and Mahindra Ltd.
- MVV Energie AG
- Reliance Industries Ltd.
- ReNew Energy Global Plc
- Risen Energy Co. Ltd.
- Sterling and Wilson Renewable Energy Ltd
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations