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市場調查報告書
商品編碼
1661663

印度太陽能市場評估，依類型、依電網類型、依安裝、依應用、依最終用途、依地區、機會、預測，2018-2032年

India Photovoltaics Market Assessment, By Type, By Grid Type, By Installation, By Application, By End-user, By Region, Opportunities, and Forecast, FY2018-FY2032F
出版日期: | 出版商: Market Xcel - Markets and Data | 英文 137 Pages | 商品交期: 3-5個工作天內

價格

印度太陽能光電市場經歷強勁成長，預計將從2024年的47.2億美元增至2032年的87.7億美元，在2025-2032年預測期內的年複合成長率為 8.05%。關鍵因素包括政府向農村地區提供電力的願景、住宅屋頂太陽能電池板安裝數量的強勁成長、大量公民因全國電力消耗增加而希望減少電費、以及政府為太陽能公司提供的補貼和退稅方面的舉措和計劃，這些都可能推動未來幾年對太陽能電池板的需求。所有這些驅動因素都在預測期內對擴大印度太陽能市場規模發揮關鍵作用。

2022年，印度再生能源新增量的年成長率最高，為 9.83%。過去九年，太陽能發電裝置容量增加了24.4倍。截至2023年 2月，印度的太陽能發電裝置容量為 63.3 吉瓦（GW）。此外，在總裝置容量 50 吉瓦（GW）中，大部分 42 吉瓦將來自地面安裝的太陽能光電（PV）系統。同時，屋頂太陽能發電（RTS）僅648萬千瓦，離網太陽能發電為148萬千瓦。

目錄

第1章 研究方法

第2章 專案範圍與定義

第3章 執行摘要

第4章 顧客評價

  • 產品與市場訊息
  • 資訊來源
  • 做出購買決定時考慮的因素
    • 總成本
    • 設施需求
    • 營運人才專業知識
    • 安裝的單位數量
    • 產業經驗
    • 效率
    • 售後支援
  • 安裝目的
  • 需求與供應機制
  • 考慮並理解安全法規
  • 合規執行
  • 現有使用者或潛在購買者

第5章 印度太陽能市場的前景，2024年～2032年

  • 市場規模與預測
    • 依金額
    • 依數量
  • 依類型
    • 單晶矽
    • 多晶矽
    • 薄膜電池
      • 非晶矽
      • CIGS（銅銦鎵硒）
      • 碲化鎘（CDTE）
      • 鈣鈦礦太陽能電池
    • 有機光伏
    • 依電網類型
      • 併網
      • 離網
      • 混合
    • 依安裝
      • 地面安裝
      • 車頂安裝
      • 建築一體化太陽能發電
      • 浮動太陽能發電
    • 依用途
      • 太陽能發電廠
      • 電子產品
      • 醫療設施
      • 公共基礎設施
      • 航太
      • 建築
      • 軍事與國防
      • 交通
      • 其他
    • 依最終用途
      • 住房
      • 商業和工業
      • 實用程式
    • 依地區
      • 北
      • 東部
      • 西部和中部
      • 南
  • 2024年各公司的市場佔有率（%）

第6章 市場地圖，2024年

  • 依類型
  • 依電網類型
  • 依安裝
  • 依用途
  • 依最終用途
  • 依地區

第7章 宏觀環境與產業結構

  • 供需分析
  • 進出口分析
  • 價值鏈分析
  • PESTEL 分析
    • 政治因素
    • 經濟體系
    • 社會影響
    • 技術進步
    • 環境影響
    • 法律合規與監管政策（包括法定機構）
  • 波特五力分析
    • 供應商權力
    • 買方權力
    • 替代威脅
    • 新進入者的威脅
    • 競爭敵對

第8章 市場動態

  • 成長動力
  • 成長抑制因素（挑戰與限制）

第9章 主要參與者狀況

  • 五大市場領導者的競爭矩陣
  • 五大市場領導者的市場收入分析（%，2024年）
  • 併購/合資（如適用）
  • SWOT 分析（針對 5 位市場參與者）
  • 專利分析（如果適用）

第10章 定價分析

第11章 案例研究

第12章 主要參與者展望

  • Saatvik Green Energy Pvt. Ltd.
    • 公司簡介
    • 主要管理團隊
    • 產品與服務
    • 財務表現（如報告）
    • 主要市場重點與地理分佈
    • 近期發展
  • Adani Green Energy Ltd
  • Waaree Energies Ltd.
  • Tata Power Solar
  • Vikram Solar Limited
  • Loom Solar Pvt. Ltd.
  • Renewsys Solar
  • Insolation Energy Ltd.（INA）
  • Pixon Energy
  • Goldi Solar

上述公司並未根據市場佔有率排序，並且可能根據研究工作期間可用的資訊而變更。

第13章 策略建議

第14章 關於調查公司/免責聲明

Product Code: MX10095

Photovoltaics Market in India has been experiencing robust growth and is projected to reach USD 8.77. billion by FY2032 from USD 4.72 billion in FY2024 growing at CAGR of 8.05% for the forecast period between FY2025 and FY2032. Significant factors include the government's vision to provide electricity in rural areas of the country, a robust rise in the number of rooftop solar panel installations in the residential sector, a large number of the population willing to reduce electricity bills emerging from the increased power consumption across the nation coupled with continuous government initiatives and schemes being offered to solar energy companies in terms of subsidies and tax rebates are likely to propel the demand of solar panels in coming years. All these drivers play a significant role in fuelling the market size of India's photovoltaics market during the forecast period.

India saw the highest year-on-year (Y-o-Y) growth in renewable energy additions of 9.83% in 2022. Over the past nine years, the installed capacity of solar energy has grown significantly, multiplying by a factor of 24.4. As of February 2023, the total installed solar energy capacity in India stands at 63.3 gigawatts (GW). Furthermore, among the total installed solar capacity of 50 gigawatts (GW), a significant majority of 42 GW is contributed by ground-mounted solar photovoltaic (PV) systems. On the other hand, rooftop solar (RTS) installations account for only 6.48 GW, while off-grid solar PV contributes 1.48 GW.

A Substantial Increase in the Number of Solar Parks

Solar parks or solar farms in India has witnessed a significant increase over the last few years. Some of the major solar parks of India includes Bhadla Solar Park having a capacity of 2,245 MW which is also the world's largest PV solar park followed by Pavagada solar park with a capacity of 2,050 megawatts that's makes it second largest in the world. Government of India has been taking several initiatives for setting up multiple solar parks across the country for which a scheme was rolled out by Ministry of New & Renewable Energy to provide Central Financial Assistance (CFA) of up to Rs. 25 lakh per solar park for preparation of Detailed Project Report. With the increase in the number of solar parks, the photovoltaics market is expected to surge as solar panels are largely being used at these solar farms. Several international solar energy companies have an opportunity to tap this market potential in India by setting up their solar plants. India holds a great opportunity for photovoltaics market owing to the maximum sunny days (300 out of 365) which becomes a great resource for this market.

Environmental Concerns are Acting as a Catalyst India's Photovoltaics Market

Environmental concerns are driving India's photovoltaics market due to the urgent need to reduce carbon emissions and reliance on fossil fuels. The country has set an ambitious target to increase its non-fossil fuel capacity to 500 GW by 2030. High air pollution levels in many cities emphasize the necessity for clean energy sources. The government's policies encourage the use of locally produced solar cells and modules, promoting sustainable practices and fostering domestic manufacturing. This transition to renewable energy not only addresses environmental issues but also generates job opportunities and supports economic growth.

For instance, in December 2024, Government of India decided to mandate the use of locally made solar cells in government projects from June 2026 is a significant step toward environmental sustainability. The country's renewable energy ministry announced that only solar cells from an approved list of domestic manufacturers will be used, aiming to curb Chinese imports. This initiative aligns with India's goal of increasing its non-fossil fuel capacity to 500 GW by 2030. Currently, India has a solar PV module-making capacity of about 80 GW, while solar cell capacity is slightly more than 7 GW, with a heavy reliance on Chinese imports. By ramping up domestic production and supporting local manufacturers, India is not only reducing its carbon footprint but also fostering a sustainable PV market. Tata Power, Reliance Industries, and other major firms are setting up substantial cell-making plants to support this initiative.

Rise in Rooftop Solar Panels Leading to Demand for Monocrystalline Silicon

The cost of solar panels has significantly decreased in recent years, making rooftop solar installations more affordable and financially attractive. Technological advancements, economies of scale, and increased competition have contributed to the cost reduction. Moreover, advances in solar technology have made rooftop solar panels more efficient, durable, and aesthetically appealing. With over 300 million households and an abundance of sunshine for most of the year, India possesses immense potential for rooftop solar installations in residential areas. Rising demand among consumers along with the government support pushes the market for the rooftop solar panels in India cities, particularly in Gujarat and Rajasthan.

As per the most recent data provided by the ministry, the rooftop solar capacity increased to 8,877 megawatts (MW) by 31st March 2023, compared to 7,520 MW recorded on 30th September 2022. Since, the rooftop solar panels are mostly composed of monocrystalline silicon, hence the demand for monocrystalline silicon solar PV panels is increasing at a rapid rate.

Government Regulations

The Indian government is placing significant emphasis on advancing the technology of solar photovoltaics (PV) and is making substantial investments in this area. Additionally, the government has implemented a range of policies aimed at enhancing the solar PV market in the years ahead. For example, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme was launched in 2019 to promote the installation of solar pumps and the solarization of agricultural feeders. It aims to increase farmer income, reduce dependence on grid electricity, and promote sustainable agriculture practices. Under PM-KUSUM, farmers in Gujarat have been able to install solar-powered irrigation pumps on their agricultural lands. These solar pumps provide a reliable and cost-effective source of energy for irrigation, reducing farmers' dependence on traditional grid electricity. In 2022, the scheme successfully incorporated a solar capacity of 30,800 megawatts (MW) with a total financial support of Rs. 34,422 Crore from the central government. This financial support includes service charges provided to the implementing agencies.

Additionally, the Atal Jyoti Yojana (AJAY) was introduced by the Ministry of New and Renewable Energy (MNRE) to bring light to areas with inadequate illumination by installing solar streetlights. It is a sub-scheme under the off-grid and decentralized solar application scheme of the Ministry of New and Renewable Energy (MNRE), Government of India.

Impact of COVID-19

The Indian solar industry has experienced significant challenges as a result of the COVID-19 pandemic. These challenges include cash flow shortages, difficulties in recovering payments from distribution companies, limited working capital, workforce availability concerns, and disruptions in the supply chain. Despite these obstacles, the government has displayed a positive approach to mitigating the adverse impacts on the sector.

The ongoing pandemic may serve as a catalyst for the Indian government, the solar industry, and related stakeholders to strategize and navigate towards the achievement of India's solar energy targets effectively.

Key Players Landscape and Outlook

The solar photovoltaic market in India is witnessing notable growth, leading international companies to prioritize quality and brand positioning in order to sustain their market share and expand their global presence. These companies are increasing their investments in research and development, marketing, and the expansion of distribution networks. Manufacturers are actively studying consumer behavior to gain deeper insights into their requirements and are continuously introducing new products to meet those demands.

In May, 2023, TP Saurya Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), signed a power purchase agreement (PPA) with Tata Power Trading Company Limited. The agreement is for the establishment of a 200 MW AC solar project in Bikaner, Rajasthan. Once the project becomes operational, it is expected to generate approximately 485 million units of energy annually over a span of 25 years.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Sources of Information
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Overall Expenses
    • 4.3.2. Facility Requirement
    • 4.3.3. Operational Manpower Expertise
    • 4.3.4. Number of Installation Units
    • 4.3.5. Experience in the Industry
    • 4.3.6. Efficiency
    • 4.3.7. After-Sales Support
  • 4.4. Purpose of Installation
  • 4.5. Demand and Supply Mechanism
  • 4.6. Consideration and Understanding of Safety Regulations
  • 4.7. Application of Legal Compliances
  • 4.8. Existing User or Intended Purchaser

5. India Photovoltaics Market Outlook, FY2024-FY2032F

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. By Type
    • 5.2.1. Monocrystalline Silicon
    • 5.2.2. Polycrystalline Silicon
    • 5.2.3. Thin Film Cells
      • 5.2.3.1. Amorphous silicon
      • 5.2.3.2. CIGS (Copper Indium Gallium Selenide)
      • 5.2.3.3. Cadmium Telluride (CDTE)
      • 5.2.3.4. Perovskite Solar Cells
    • 5.2.4. Organic PV
    • 5.2.5. By Grid Type
      • 5.2.5.1. On Grid
      • 5.2.5.2. Off Grid
      • 5.2.5.3. Hybrid
    • 5.2.6. By Installation
      • 5.2.6.1. Ground Mounted
        • 5.2.6.1.1. Foundation mount
        • 5.2.6.1.2. Ballasted footing Mount.
        • 5.2.6.1.3. Pole mount
        • 5.2.6.1.4. Multi-pole mount
        • 5.2.6.1.5. Smart Flower
      • 5.2.6.2. Roof Mounted
        • 5.2.6.2.1. Railed Mounting
        • 5.2.6.2.2. Rail-less mounting
        • 5.2.6.2.3. Shared rail mounting
        • 5.2.6.2.4. Flat roof ballasted Racking System
      • 5.2.6.3. BIPV
      • 5.2.6.4. Floating PV
    • 5.2.7. By Applications
      • 5.2.7.1. Solar Farms
      • 5.2.7.2. Electronic Devices
      • 5.2.7.3. Healthcare Facilities
      • 5.2.7.4. Public Infrastructure
      • 5.2.7.5. Aerospace
      • 5.2.7.6. Construction
      • 5.2.7.7. Military and Defence
      • 5.2.7.8. Transportation
      • 5.2.7.9. Others
    • 5.2.8. By End-User
      • 5.2.8.1. Residential
      • 5.2.8.2. Commercial & Industrial
      • 5.2.8.3. Utility
    • 5.2.9. By Region
      • 5.2.9.1. North
      • 5.2.9.2. East
      • 5.2.9.3. West & Central
      • 5.2.9.4. South
  • 5.3. By Company Market Share (%), FY 2024

6. Market Mapping, FY2024

  • 6.1. By Type
  • 6.2. By Grid Type
  • 6.3. By Installation
  • 6.4. By Applications
  • 6.5. By End-user
  • 6.6. By Region

7. Macro Environment and Industry Structure

  • 7.1. Supply Demand Analysis
  • 7.2. Import Export Analysis
  • 7.3. Value Chain Analysis
  • 7.4. PESTEL Analysis
    • 7.4.1. Political Factors
    • 7.4.2. Economic System
    • 7.4.3. Social Implications
    • 7.4.4. Technological Advancements
    • 7.4.5. Environmental Impacts
    • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 7.5. Porter's Five Forces Analysis
    • 7.5.1. Supplier Power
    • 7.5.2. Buyer Power
    • 7.5.3. Substitution Threat
    • 7.5.4. Threat from New Entrant
    • 7.5.5. Competitive Rivalry

8. Market Dynamics

  • 8.1. Growth Drivers
  • 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

  • 9.1. Competition Matrix of Top Five Market Leaders
  • 9.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2024)
  • 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 9.4. SWOT Analysis (For Five Market Players)
  • 9.5. Patent Analysis (If Applicable)

10. Pricing Analysis

11. Case Studies

12. Key Players Outlook

  • 12.1. Saatvik Green Energy Pvt. Ltd.
    • 12.1.1. Company Details
    • 12.1.2. Key Management Personnel
    • 12.1.3. Products & Services
    • 12.1.4. Financials (As reported)
    • 12.1.5. Key Market Focus & Geographical Presence
    • 12.1.6. Recent Developments
  • 12.2. Adani Green Energy Ltd
  • 12.3. Waaree Energies Ltd.
  • 12.4. Tata Power Solar
  • 12.5. Vikram Solar Limited
  • 12.6. Loom Solar Pvt. Ltd.
  • 12.7. Renewsys Solar
  • 12.8. Insolation Energy Ltd. (INA)
  • 12.9. Pixon Energy
  • 12.10. Goldi Solar

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13. Strategic Recommendations

14. About Us & Disclaimer

List of Tables

  • Table 1. Competition Matrix of Top 5 Market Leaders
  • Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Photovoltaics Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2. India Photovoltaics Market, By Volume, In Gigawatts, FY2018-FY2032F
  • Figure 3. India Photovoltaics Market Share, By Type, In USD Billion, FY2018-FY2032F
  • Figure 4. India Photovoltaics Market Share, By Grid Type, In USD Billion, FY2018-FY2032F
  • Figure 5. India Photovoltaics Market Share, By Installation, In USD Billion, FY2018-FY2032F
  • Figure 6. India Photovoltaics Market Share, By Applications, In USD Billion, FY2018-FY2032F
  • Figure 7. India Photovoltaics Market Share, By End User, In USD Billion, FY2018-FY2032F
  • Figure 8. India Photovoltaics Market Share, By Region, In USD Billion, FY2018-FY2032F
  • Figure 9. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 10. By Grid Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 11. By Installation Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 12. By Applications Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 13. By End User Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 14. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024