Press release
India Rooftop Solar Panel Market Size, Share, Trends and Forecast by 2025 - 2033
India Rooftop Solar Panel Market
The India rooftop solar panel market size reached USD 4.12 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.35 Billion by 2033, exhibiting a growth rate (CAGR) of 9.20% during 2025-2033.
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 4.12 Billion
Market Forecast in 2033: USD 9.35 Billion
Market Growth Rate (2025-2033): 9.20%
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India Rooftop Solar Panel Market Overview
The rooftop solar panel market in India is growing at a rapid pace, powered by declining solar module prices, firm policy support (like Viability Gap Funding and net metering policies), increasing power prices, and rising climate consciousness. More and more of the rooftop installations are being adopted by the residential, commercial, and industrial sectors for their own self-consumption benefits, like savings on energy bills, reliability of power supply, and sustainable uses.
India Rooftop Solar Panel Market Trends and Drivers
Declining costs of solar PV modules and inverters have made rooftop systems more cost-effective for owners. This is in part due to government schemes, like the Distributed Solar Rooftop Programme, and also because of accelerated depreciation benefits driven by policy initiatives, that have made it easier to adopt systems on their consumption sites.
Furthermore, smart monitoring advances, energy storage integration, and floating solar PV technologies, etc. have further improved and provided value to system performance and provided new means and mechanisms for installing systems. There is evidence of adoption in terms of large corporates pricing long-term power purchase agreements (PPAs) for roof leases which is accelerating rooftop capacity addition. Urban energy deficits and grid constraints are projected to help deliver heavy investments in self-generation by industrial estates and commercial complexes.
Browse Full Report:
https://www.imarcgroup.com/india-rooftop-solar-panel-market
India Rooftop Solar Panel Market Segmentation
By Technology:
• Monocrystalline
• Polycrystalline
• Thin Film
By Installation Type:
• Grid-Connected
• Off-Grid
By End Use:
• Residential
• Commercial
• Industrial
• Institutional
By Region:
• North India
• South India
• East India
• West India
Key Highlights of the Report
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Ask analyst for customized report: https://www.imarcgroup.com/request?type=report&id=31558&flag=E
Other Related Post by IMARC Groups:
https://www.imarcgroup.com/india-housing-loan-market
https://www.imarcgroup.com/india-readymade-garments-market
https://www.imarcgroup.com/india-seaweed-market
https://www.imarcgroup.com/india-upholstered-furniture-market
https://www.imarcgroup.com/india-video-surveillance-systems-market
Contact Us
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a leading market research and consulting company that offers strategy, research, and business intelligence solutions worldwide. We partner with global changemakers to shape market opportunities and drive transformative growth. Our services include market entry strategy, industry benchmarking, feasibility studies, regulatory insights, marketing and branding support, and robust data analysis across numerous sectors.
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