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市场调查报告书
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1661663

印度太阳能市场评估,依类型、依电网类型、依安装、依应用、依最终用途、依地区、机会、预测,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个工作天内

价格

印度太阳能光电市场经历强劲成长,预计将从2024年的47.2亿美元增至2032年的87.7亿美元,在2025-2032年预测期内的年复合成长率为 8.05%。关键因素包括政府向农村地区提供电力的愿景、住宅屋顶太阳能电池板安装数量的强劲成长、大量公民因全国电力消耗增加而希望减少电费、以及政府为太阳能公司提供的补贴和退税方面的举措和计划,这些都可能推动未来几年对太阳能电池板的需求。所有这些驱动因素都在预测期内对扩大印度太阳能市场规模发挥关键作用。

2022年,印度再生能源新增量的年成长率最高,为 9.83%。过去九年,太阳能发电装置容量增加了24.4倍。截至2023年 2月,印度的太阳能发电装置容量为 63.3 吉瓦(GW)。此外,在总装置容量 50 吉瓦(GW)中,大部分 42 吉瓦将来自地面安装的太阳能光电(PV)系统。同时,屋顶太阳能发电(RTS)仅648万千瓦,离网太阳能发电为148万千瓦。

目录

第1章 研究方法

第2章 专案范围与定义

第3章 执行摘要

第4章 顾客评价

  • 产品与市场讯息
  • 资讯来源
  • 做出购买决定时考虑的因素
    • 总成本
    • 设施需求
    • 营运人才专业知识
    • 安装的单位数量
    • 产业经验
    • 效率
    • 售后支援
  • 安装目的
  • 需求与供应机制
  • 考虑并理解安全法规
  • 合规执行
  • 现有使用者或潜在购买者

第5章 印度太阳能市场的前景,2024年~2032年

  • 市场规模与预测
    • 依金额
    • 依数量
  • 依类型
    • 单晶硅
    • 多晶硅
    • 薄膜电池
      • 非晶硅
      • CIGS(铜铟镓硒)
      • 碲化镉(CDTE)
      • 钙钛矿太阳能电池
    • 有机光伏
    • 依电网类型
      • 併网
      • 离网
      • 混合
    • 依安装
      • 地面安装
      • 车顶安装
      • 建筑一体化太阳能发电
      • 浮动太阳能发电
    • 依用途
      • 太阳能发电厂
      • 电子产品
      • 医疗设施
      • 公共基础设施
      • 航太
      • 建筑
      • 军事与国防
      • 交通
      • 其他
    • 依最终用途
      • 住房
      • 商业和工业
      • 实用程式
    • 依地区
      • 东部
      • 西部和中部
  • 2024年各公司的市场占有率(%)

第6章 市场地图,2024年

  • 依类型
  • 依电网类型
  • 依安装
  • 依用途
  • 依最终用途
  • 依地区

第7章 宏观环境与产业结构

  • 供需分析
  • 进出口分析
  • 价值链分析
  • PESTEL 分析
    • 政治因素
    • 经济体系
    • 社会影响
    • 技术进步
    • 环境影响
    • 法律合规与监管政策(包括法定机构)
  • 波特五力分析
    • 供应商权力
    • 买方权力
    • 替代威胁
    • 新进入者的威胁
    • 竞争敌对

第8章 市场动态

  • 成长动力
  • 成长抑制因素(挑战与限制)

第9章 主要参与者状况

  • 五大市场领导者的竞争矩阵
  • 五大市场领导者的市场收入分析(%,2024年)
  • 併购/合资(如适用)
  • SWOT 分析(针对 5 位市场参与者)
  • 专利分析(如果适用)

第10章 定价分析

第11章 案例研究

第12章 主要参与者展望

  • Saatvik Green Energy Pvt. Ltd.
    • 公司简介
    • 主要管理团队
    • 产品与服务
    • 财务表现(如报告)
    • 主要市场重点与地理分布
    • 近期发展
  • 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

上述公司并未根据市场占有率排序,并且可能根据研究工作期间可用的资讯而变更。

第13章 策略建议

第14章 关于调查公司/免责声明

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