Press release
Solar Rooftop Market Is Booming Worldwide | Kotak Urja, Loom Solar, Mahindra Susten
Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/2520290-solar-rooftop-market-1
Summary
The robust growth of the Indian solar rooftop market can be attributed to the government's initiative of installing 40GW of solar energy capacity by 2022. Building smart cities is also contributing to the growth of the market. The industry exhibited an increase in solar rooftop capacity addition from 38 MW in 2012 to 3855 MW in 2018, expanding at a compound annual growth rate (CAGR) of ~116% during the (2019-2024) period.
Market Insights
Solar rooftop is the fastest-growing sub-sector of non-conventional energy in India. It is mainly due to its advantageous position in the solar belt (400 S to 400 N) that the country enjoys being one of the best beneficiaries of solar energy. Formulation of favourable government policies, growing awareness about renewable energy sources among masses, increasing investments, rising cost competitiveness and tax benefits are the major factors driving the industry.
However, limited availability of funds, policy and regulatory hindrances, and non-uniform grid assimilation are the major hurdles to the growth of the market. The industry is moving towards adopting disruptive technologies like artificial intelligence (AI) and machine learning (ML) to leverage operational efficiency.
Market Segment Insights
Solar energy comprises more than 30% of the total renewable energy count in India. Ground mounts still constitute a significant portion of the solar energy generation in the country. Industrial users are the major consumers of solar rooftop energy, followed by the commercial sector. Its penetration in the residential sector is considerably less but is expected to grow rapidly, owing to the increasing awareness about renewable energy in the country. Solar Photovoltaic is becoming the largest market for new investors among all non-conventional energy sources.
Government Initiative
The government has been formulating several policies to boost solar energy generation in India. The National Solar Mission plans to scale up the renewable power generation to 100 GW by 2022, out of which the contribution of solar power is expected to be of 20 GW. Moreover, the government in the Union Budget of 2018-2019 announced zero import duty on parts used in manufacturing solar panels.
Place a Purchase Order for this Market Study (Single User License) at: https://www.htfmarketreport.com/buy-now?format=1&report=2520290
State-wise Market Insights:
The solar rooftop capacity addition has increased from 337 MW in 2015 to 2368 MW in 2019. Karnataka ranked the first in terms of total solar capacity addition (both ground mount and rooftop), followed by Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh, and Punjab. Gujarat became the leading state in solar rooftop capacity addition in India in 2019 with a total of 261.97 MW of solar rooftop systems installations.
Competition Analysis
The industry is dominated by a few major players like Tata Power Solar Systems Limited, Vikram Solar, and Kotak Urja Private Limited. On the other hand, new players like Loom Solar and Mahindra Susten Private Limited are gaining considerable share in the market. Global firms like Trina Solar (world's second-largest solar player) has recently entered the solar industry in India.
Companies covered
o Websol Energy System Limited
o Azure Power India Private Limited
o Emmvee Photovoltaic Power Private Limited
o Kotak Urja Private Limited
o Loom Solar Private Limited
o Mahindra Susten Private Limited
o Photon Energy Systems Limited
o Tata Power Solar Systems Limited
o Vikram Solar Limited
o Waaree Energies Limited
Companies Mentioned in the Report
Websol Energy System Limited
Azure Power India Private Limited
EMMVEE Solar Systems Private Limited
Kotak Urja Private Limited
Loom Solar Private Limited
Mahindra Susten Private Limited
Photon Energy Systems Limited
Tata Power Solar Limited
Vikram Solar Limited
Waaree Energies Limited
Request a sample report @ https://www.htfmarketreport.com/sample-report/2520290-solar-rooftop-market-1
Chapter 1: Executive summary
Chapter 2: Socio-economic indicator
2.1. Socio-economic indicator
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Indian solar industry at a glance
3.3. Solar industry evolution in India
....Continued
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2520290-solar-rooftop-market-1
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solar Rooftop Market Is Booming Worldwide | Kotak Urja, Loom Solar, Mahindra Susten here
News-ID: 1953303 • Views: 1068
More Releases from HTF Market Intelligence Consulting Pvt. Ltd.

Chatbots Software Market Is Thriving Worldwide with Cisco, IBM, Intercom
Latest Study on Industrial Growth of Worldwide Chatbots Software Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Worldwide Chatbots Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future…

Premium Headphones Market is Booming Worldwide with Major Giants Bose, Apple, So …
Latest Study on Industrial Growth of Global Premium Headphones Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Premium Headphones market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends…

Saas Backup Software Market to Witness Huge Growth by 2029 | Spanning, Datto, Ac …
Latest Study on Industrial Growth of Worldwide Saas Backup Software Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Worldwide Saas Backup Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of…

Wheat Malt Market to See Massive Growth by 2029 | Cargill, Valley Malt, Crisp Ma …
Latest Study on Industrial Growth of Worldwide Wheat Malt Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Worldwide Wheat Malt market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future…
More Releases for Limited
Cold Chain Market in India 2020 | Snowman Logistics Limited, Coldstar Logistics …
Request Free sample on this latest research report @ https://www.marketreportsonline.com/contacts/requestsample.php?name=828960
Key Players: Snowman Logistics Limited, Coldstar Logistics Private Limited, Gati Kausar India Limited, Gubba Cold Storage Private Limited, Kool-ex Cold Chain Limited, Seabird Logisolutions Limited, DHL Logistics Private Limited, Kuehne + Nagel Private Limited
Cold chains provide storage and distribution services for products that are temperature-sensitive. Depending on the nature and purpose of storage application, cold chains have been categorized as frozen…
Power Sector in India 2021 | Adani Power Limited, CESC Limited, Damodar Valley C …
Request a FREE sample on this latest research report @ https://www.marketreportsonline.com/contacts/requestsample.php?name=837846
Companies covered: Adani Power Limited, CESC Limited, Damodar Valley Corporation (DVC), NHPC Limited, NTPC Limited, SJVN Limited, Suzlon Energy, Tata Power Limited, Websol Energy System Limited, Nuclear Power Corporation of India Limited (NPCIL)
The Indian power sector has undergone a significant transformation in terms of power supply, energy demand, fuel mix, and market operations. India appeared to be the third-largest power…
Financial Brokerage Market in India 2021 | Angel Broking Limited, Geojit Financi …
Request a sample on this latest research report @ https://www.marketreportsonline.com/contacts/requestsample.php?name=839020
The brokerage market was valued at INR 135.0 Bn in FY 2016. In FY 2020, it reached INR 210 Bn from INR 195 Bn in FY 2019, expanding at an annual growth rate ~7.69%.
Key Players: Angel Broking Limited, Geojit Financial Services Limited, ICICI Securities Limited, IIFL Finance Limited, Kotak Securities Limited, Motilal Oswal Financial Services Limited, Reliance Capital Limited, SMC Global…
Gin Market major keyplayers Tilaknagar Industries Limited, United Spirits Limite …
Future Market Insights (FMI) has published a new report, which is titled, “Gin Market: Driven By Changing Lifestyle and Expanding Urban Population - India Industry Analysis and Opportunity Assessment, 2015 – 2025.” The Indian gin market is witnessing a steady rise on account of the growing urban population and changing demographics. The change in outlook of the Indian society towards social consumption of alcohol is driving the growth of the…
Auto Ancillary Market In India And Top Key Players Are Amtek Auto Limited, Bhara …
The auto ancillary industry is the other side of the automotive industry, which deals with the manufacturing and selling of intermediate parts, equipment and chemicals among others. The auto ancillary supply chain members are original equipment manufacturers (OEMs), tier I, tier II, tier III manufacturers and intermediaries. OEMs deal in high-value instruments and dominate the market, while the unorganized sector serves the aftermarket and deals in low-value products.
Market segmentation
The Indian…
India footwear Market 2018-2025 Growth Analysis by Key Players, Khadim India Lim …
India footwear market
Currently, India is the second largest footwear manufacturer in the world after China. The footwear market consists of companies engaged in manufacturing, selling and marketing of different kinds of footwear and accessories to the end users, namely men, women and kids. Footwear has evolved from being a necessity, as protection for feet, to an accessory which has become a style statement for customers. The Indian footwear market…