openPR Logo
Press release

India Solar Rooftop Market to Reach USD 6.17 Billion by 2030, Growing at a Robust CAGR of 15.19%

12-23-2024 06:31 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

India Solar Rooftop Market

India Solar Rooftop Market

๐ˆ๐ง๐๐ข๐š ๐’๐จ๐ฅ๐š๐ซ ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ฌ

The India Solar Rooftop Market is witnessing unprecedented growth, driven by the country's increasing focus on renewable energy, favorable government policies, and growing awareness about sustainability. Valued at USD 5.36 billion in 2023, the market is expected to grow at a robust CAGR of 15.19 % during the forecast period 2024-2030, reaching USD 6.17 billion by 2030. This press release highlights key country-specific data regarding market developments, mergers and acquisitions, and growth opportunities in Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20777/

๐ˆ๐ง๐๐ข๐š ๐’๐จ๐ฅ๐š๐ซ ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The solar rooftop sector in India is experiencing a significant transformation with government initiatives such as subsidies, net metering policies, and increased financial support from both domestic and international organizations. This transformation has attracted major players like ๐“๐š๐ญ๐š ๐๐จ๐ฐ๐ž๐ซ ๐’๐จ๐ฅ๐š๐ซ, ๐€๐๐š๐ง๐ข ๐†๐ซ๐ž๐ž๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ, and ๐‘๐ž๐ง๐ž๐ฐ ๐๐จ๐ฐ๐ž๐ซ, who are actively expanding their portfolios in the rooftop solar domain.

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐’๐จ๐ฅ๐š๐ซ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฆ๐ž๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ฌ

Vietnam has become a hotspot for rooftop solar energy investment due to its favorable climatic conditions and government incentives. The government's FiT (Feed-in Tariff) program has encouraged local and international players to enter the market. Companies like ๐’๐จ๐ฅ๐š๐ซ๐๐Š and ๐’๐ก๐š๐ซ๐ฉ ๐’๐จ๐ฅ๐š๐ซ have been actively participating in major rooftop projects, boosting the sector's growth. The recent merger between ๐“๐ซ๐ข๐ง๐š ๐’๐จ๐ฅ๐š๐ซ and a local energy firm in Vietnam is set to increase rooftop solar capacity by XX% in 2024.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐’๐จ๐ฅ๐š๐ซ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐š ๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand's rooftop solar market is gaining momentum, supported by governmental initiatives such as the Alternative Energy Development Plan (AEDP). The market's potential is further enhanced by partnerships between ๐. ๐†๐ซ๐ข๐ฆ๐ฆ ๐๐จ๐ฐ๐ž๐ซ and global players like ๐…๐ข๐ซ๐ฌ๐ญ ๐’๐จ๐ฅ๐š๐ซ, which aim to establish a significant foothold. Recent developments also include the expansion of rooftop solar installations in industrial zones, expected to contribute to a CAGR of XX% in Thailand.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20777/

๐‰๐š๐ฉ๐š๐ง ๐€๐๐ฏ๐š๐ง๐œ๐ข๐ง๐  ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐’๐จ๐ฅ๐š๐ซ ๐“๐ซ๐ž๐ง๐๐ฌ

Japan's rooftop solar market remains strong, supported by technological advancements and government-driven programs like the Renewable Energy Act. Companies like ๐Š๐ฒ๐จ๐œ๐ž๐ซ๐š and ๐๐š๐ง๐š๐ฌ๐จ๐ง๐ข๐œ have introduced innovative solutions tailored for residential and commercial rooftops. The market saw a significant boost with the acquisition of ๐’๐ก๐š๐ซ๐ฉ ๐’๐จ๐ฅ๐š๐ซ by ๐‡๐š๐ง๐ฐ๐ก๐š ๐ ๐‚๐ž๐ฅ๐ฅ๐ฌ, strengthening Japan's rooftop solar segment.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐’๐จ๐ฅ๐š๐ซ ๐’๐ž๐œ๐ญ๐จ๐ซ

South Korea's rooftop solar market is consolidating with significant mergers and acquisitions. The acquisition of ๐‡๐š๐ง๐ฐ๐ก๐š ๐„๐ง๐ž๐ซ๐ ๐ฒ by ๐‹๐† ๐’๐จ๐ฅ๐š๐ซ is a recent highlight, marking a new phase of industrial synergy. South Korea is leveraging its advanced manufacturing capabilities to position itself as a leader in rooftop solar panels, with projected growth of XX% CAGR.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐’๐จ๐ฅ๐š๐ซ ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ

Singapore's commitment to renewable energy is driving its solar rooftop market. With space constraints, the focus is on innovative rooftop solar solutions. Companies like ๐’๐ž๐ฆ๐›๐œ๐จ๐ซ๐ฉ and ๐’๐ฎ๐ง๐ฌ๐ž๐š๐ฉ ๐†๐ซ๐จ๐ฎ๐ฉ are leading the way by partnering with the government to achieve its solar capacity targets. Recent projects include the installation of high-efficiency solar panels on public housing rooftops.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20777/

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐’๐จ๐ฅ๐š๐ซ ๐„๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง

The US solar rooftop market continues to grow, driven by federal tax incentives and state-level renewable energy mandates. Companies such as ๐“๐ž๐ฌ๐ฅ๐š'๐ฌ ๐’๐จ๐ฅ๐š๐ซ๐‚๐ข๐ญ๐ฒ, ๐’๐ฎ๐ง๐ซ๐ฎ๐ง, and ๐•๐ข๐ฏ๐ข๐ง๐ญ ๐’๐จ๐ฅ๐š๐ซ dominate the landscape, focusing on residential and commercial installations. Recent developments include ๐๐ž๐ฑ๐ญ๐„๐ซ๐š ๐„๐ง๐ž๐ซ๐ ๐ฒ'๐ฌ acquisition of smaller rooftop solar firms, signaling increased consolidation in the market.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐“๐ซ๐š๐ง๐ฌ๐Ÿ๐จ๐ซ๐ฆ๐ข๐ง๐  ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐’๐จ๐ฅ๐š๐ซ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

Europe's rooftop solar market is at the forefront of renewable energy adoption, with countries like Germany, Spain, and Italy leading the way. The European Green Deal and subsidies have spurred market growth. Key players, including ๐„๐ƒ๐… ๐‘๐ž๐ง๐ž๐ฐ๐š๐›๐ฅ๐ž๐ฌ and ๐„๐ง๐ž๐ฅ ๐†๐ซ๐ž๐ž๐ง ๐๐จ๐ฐ๐ž๐ซ, are investing heavily in the rooftop segment. Recent trends highlight the development of community solar projects and large-scale industrial rooftop installations.

๐ˆ๐ง๐๐ข๐š ๐’๐จ๐ฅ๐š๐ซ ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐‚๐š๐ฉ๐š๐œ๐ข๐ญ๐ฒ

1KW to 10 KW
11 KW to 100 KW
Above 100 KW

๐›๐ฒ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ

On-Grid
Off-Grid
Hybrid

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ

Residential
Commercial
Industrial

๐…๐จ๐ซ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/market-report/india-solar-rooftop-market/20777/

๐ˆ๐ง๐๐ข๐š ๐’๐จ๐ฅ๐š๐ซ ๐‘๐จ๐จ๐Ÿ๐ญ๐จ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Tata Power Solar Systems Limited
2. Amplus Solar Power Pvt. Ltd.
3. Clean Max Enviro Energy Solutions Pvt. Ltd.
4. Sunsource Energy Pvt. Ltd.
5. Orb Energy Pvt. Ltd.
6. Fourth Partner Energy Pvt. Ltd.
7. Mahindra Susten Pvt. Ltd.
8. Growatt New Energy Technology Co. Ltd.
9. Roofsol Energy Pvt. Ltd.
10. Cleantech Energy Corporation Pte Ltd

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Solar Street Lighting Market https://www.maximizemarketresearch.com/market-report/solar-street-lighting-market/11744/

โ™ฆ Solar Thermal Market https://www.maximizemarketresearch.com/market-report/solar-thermal-market/165250/

โ™ฆ Solid Electrolyte Market https://www.maximizemarketresearch.com/market-report/solid-electrolyte-market/147478/

โ™ฆ Synthetic Natural Gas Sng Market https://www.maximizemarketresearch.com/market-report/synthetic-natural-gas-sng-market/66999/

โ™ฆ Transparent Solar Cells Market https://www.maximizemarketresearch.com/market-report/transparent-solar-cells-market/188181/

โ™ฆ Transportation Battery Market https://www.maximizemarketresearch.com/market-report/transportation-battery-market/147475/

โ™ฆ U.S Waste Management and Recycling Market https://www.maximizemarketresearch.com/market-report/u-s-waste-management-and-recycling-market/222524/

โ™ฆ Vacuum Gas Oil Market https://www.maximizemarketresearch.com/market-report/vacuum-gas-oil-market/70831/

โ™ฆ Vanadium Redox Battery Market https://www.maximizemarketresearch.com/market-report/vanadium-redox-battery-market/147486/

โ™ฆ Variable Frequency Drive Market https://www.maximizemarketresearch.com/market-report/variable-frequency-drive-market/11653/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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 India Solar Rooftop Market to Reach USD 6.17 Billion by 2030, Growing at a Robust CAGR of 15.19% here

News-ID: 3795012 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT.LTD

Raw Pet Food Market Poised for Growth Projected to Reach USD 14.55 Billion by 2030 with a 10.16% CAGR
01-20-2025 | Consumer Goods & Retail
MAXIMIZE MARKET RESEARCH PVT.LTD
Raw Pet Food Market Poised for Growth Projected to Reach USD 14.55 Billion by 20 โ€ฆ
๐‘๐š๐ฐ ๐๐ž๐ญ ๐…๐จ๐จ๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ The global raw pet food market is gaining traction, driven by the rising demand for natural and minimally processed pet food options. With a market size valued at USD 7387.57 Million in 2023, it is projected to grow at a robust CAGR of 10.16% during the forecast period from 2024 to 2030, reaching USD 14546.03 Million by the end of 2030. This press release explores country-specificโ€ฆ
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
01-15-2025 | Chemicals & Materials
MAXIMIZE MARKET RESEARCH PVT.LTD
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
Zircon Sand Market Overview The global zircon sand market is witnessing substantial growth, driven by its applications across various industries, including ceramics, refractories, and foundries. Valued at USD X billion in 2023, the market is expected to reach USD Y billion by 2030, growing at a CAGR of Z% from 2024 to 2030. This press release provides a comprehensive analysis of the market dynamics, country-specific developments, and recent trends. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž,โ€ฆ
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a 4% CAGR
01-15-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT.LTD
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a โ€ฆ
Automotive Brake Caliper Market Overview The Global Automotive Brake Caliper Market is witnessing significant advancements driven by technological innovations and the surging demand for efficient braking systems. The market was valued at USD X billion in 2023 and is projected to grow at a CAGR of X% from 2024 to 2030, reaching USD X billion. This press release explores country-specific growth, opportunities, trends, consolidation, and updation in the market across Vietnam,โ€ฆ
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing at a 14.6% CAGR
01-15-2025 | IT, New Media & Software
MAXIMIZE MARKET RESEARCH PVT.LTD
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing a โ€ฆ
Account Reconciliation Software Market Overview Global Account Reconciliation Software Market Poised for Growth The global account reconciliation software market is projected to experience substantial growth, reaching a market valuation of USD X billion by 2030, growing at a CAGR of X.X% from 2024 to 2030. This growth is driven by the increasing adoption of automated financial solutions and advancements in AI and cloud technologies. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โ€ฆ

All 5 Releases


More Releases for Solar

06-10-2022 | Energy & Environment
Market Insights Reports
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO โ€ฆ
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research arguesโ€ฆ
04-05-2022 | Advertising, Media Consulting, โ€ฆ
Intelligence Market Report
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So โ€ฆ
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectorsโ€ฆ
03-20-2020 | Energy & Environment
Global Market Insights Inc.
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So โ€ฆ
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solarโ€ฆ
02-15-2019 | Business, Economy, Finances, B โ€ฆ
Data Bridge Market Research
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte โ€ฆ
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies suchโ€ฆ
11-20-2018 | Energy & Environment
Solar PV Module Market
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola โ€ฆ
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1563 Solar PV Module Market sizeโ€ฆ
03-08-2017 | Industry, Real Estate & Constr โ€ฆ
Machinery and Equipments
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermalโ€ฆ