India Solar Rooftop Systems Market (2016-2022)-6Wresearch
India’s energy mix is witnessing significant changes due to the adoption of renewable sources of power. Although, share of renewable energy is low, but it offers immense growth opportunities to the market players. Amongst all renewable energy sources, solar energy is emerging as one of the most promising segments. Factors such as better space optimization, inclusion of net-metering and attractive subsidies by state nodal agencies are expected to fuel the India Solar Rooftop Systems Market.
India’s solar rooftop systems market is anticipated to grow on the back of government initiatives, subsidies, investments and consumer awareness. The government has set a target of 40 GW of power generation through solar rooftop systems by 2022. However, in spite of such aggressive push, the India Solar Rooftop Systems market cumulative capacity installations is expected to reach 26.57 GW by 2022, which is exhibited to drive the market in the forecast period.
According to 6Wresearch, India Solar Rooftop Systems Market revenue is projected to grow at a CAGR of 31.92% during 2016-22. In terms of new capacity installations, commercial & industrial end user application has captured key share of the market pie. In 2015, On-Grid solar rooftop systems accounted for majority of the market revenues; however, due to increasing number solar rooftop projects in rural areas, higher growth is expected in off-grid market.
According to Pulkit Shrivastava, Research Associate, 6Wresearch, “government is aggressively taking measures to push the adoption of these systems by announcing lucrative subsidies. In 2015, Cabinet Committee on Economic Affairs (CCEA) sanctioned $750 million funding in order to provide 30% capital subsidy for rooftop solar installations.
However, high investment and maintenance cost of solar rooftop systems remains a major constraint, which is hindering the exponential growth of the market. ”
“In India’s solar rooftop systems market, CAPEX business model is primarily followed, however, shift in trend towards OPEX Model is expected due to high upfront capital requirement for installing of solar rooftop systems.” Pulkit further concluded.
Suhas Pansare, Vice President, RelyOn Solar Pvt. Ltd. (One of the key player in this industry) said, “Industrial and commercial segment is gaining more confidence in the solar rooftop systems as they are able to save more than INR 6/unit for a CAPEX model in a 25 year horizon. Also, the market is experiencing a tremendous boost from government sector due to growing implementation of solar rooftop systems in PSUs including railways.”
The major states that contributed to the major chunk in the India’s Solar Rooftop Systems Market include - Tamil Nadu, Gujarat, Maharashtra, Punjab, Karnataka and Uttar Pradesh. Additionally, the key players in India Solar Rooftop Systems Market are Tata Power, CleanMax, Vikram Solar, Thermax, RelyOn, Moser Baer Solar etc.
“India Solar Rooftop Systems Market (2013-2022) provides in-depth analysis with 60 figures covered in more than 100 pages”. The report estimates and forecast overall India Solar Rooftop Systems Market by revenue, capacity installed, business models, connectivity type, end users and states. The report also gives the insights on competitive landscape, market share by companies, company profiles, market drivers and restraints.
Source Link: http://www.6wresearch.com/press-releases/india-solar-roof-top-systems-market-2013-2022-share-forecasts-cosmic-energy-panel-renewable-sources-media-news.html
For Further details, please contact:
Email Us: firstname.lastname@example.org
Call Now: +91-11-430-24-305
With over 1000 custom research projects, 6Wresearch is a global market research and consulting firm specializes in niche and emerging markets.The Company over the past few years has developed itself to be a renowned market intelligence company which led strong emphasis on competitive and strategic intelligence.
6Wresearch, through its integrated survey model, offers its client real time market and competitive intelligence and thus enable our clients to devise market entry strategies to target particular market and geography.
809, 8th Floor, Pearls Best Heights - II
Netaji Subash Place, Pitampura
This release was published on openPR.
Permanent link to this press release:
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 India Solar Rooftop Systems Market (2016-2022)-6Wresearch here
News-ID: 358506 • Views: 727
More Releases from 6Wresearch- Market Intelligence Solutions
Qatar 3D Printing Market Is Projected To Grow At A CAGR Of 19.6% During 2021-202 …
The fused deposition modelling printer acquired majority revenue and volume share in the year 2020– 6WResearch 3D Printer market is mainly import driven in Qatar and major importing partners are Italy and China. Qatar government is promoting 3D technological development in the country. Thus, there’s no value added tax imposition on import of 3D printers, only general duty is implied which would boost the adoption rate of 3D printers in the
India Agriculture Equipment Market (2019-2025)
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above
Commercial Application To Drive The Growth Of UPS Systems In Vietnam - 6Wresearc …
UPS systems are witnessing mounting adoption by different end-user applications ranging from residential households, small commercial offices to large industrial enterprises. Moreover, factors such as inflow of FDI in industrial and manufacturing segments, growing power demand and increasing infrastructure projects in Vietnam have further fueled the demand for UPS systems in the country. According to 6Wresearch, Vietnam UPS Systems Market Revenues are projected to grow at a CAGR of 4.7% during
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and
More Releases for India
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: email@example.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: firstname.lastname@example.org ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will