The Solar Power Market in India (2019-2023): Led by ABB, Adani Enterprises, Canadian Solar, Huawei Technologies, JA Solar, and Sterling & Wilson - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 6, 2019--The “Solar Power Market in India 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The solar power market in India will register a CAGR of over 38% by 2023.
Development of smart cities to drive market growth
The smart city is a designation given to a municipality or a city that uses information and communication technologies (ICT) to increase operational efficiency, performance, and quality of urban services such as transportation, energy, and utilities to reduce the costs, wastage, and resource consumption.
The goal of a smart city is to enhance the citizens’ quality of living through smart technology. Governments across the world are implementing many initiatives for sustainable smart city developments. Many countries, including India, have set their focus on building smart cities.
Favorable government regulations
The use of alternative energy sources to fossil fuels such as solar energy is necessary to reduce GHG emissions. Governments across the world support the adoption of solar energy by providing incentives, subsidies, and tax benefits to producers and consumers.
Low conversion efficiency of solar PV
An off-grid system needs to be self-sufficient in terms of capacity to meet its overall needs. In most off-grid projects, a grid source is usually non-existent, and even if it exists, it is highly unreliable. Hence, it requires a sizable PV system and energy storage to generate and store enough power to meet the total electricity needs. Solar power is a clean and abundant source of energy. However, it is low on efficiency.
The market appears to be fragmented and with the presence of several companies including ABB and Adani Enterprises, the competitive environment is quite intense.
Key PlayersABB Adani Enterprises Canadian Solar Huawei Technologies JA Solar Sterling and Wilson
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY END-USERComparison by end-user Utility - Market size and forecast 2018-2023 Rooftop - Market size and forecast 2018-2023 Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY APPLICATIONComparison by application Grid-connected - Market size and forecast 2018-2023 Off-grid - Market size and forecast 2018-2023 Market opportunity by application
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDSDeclining costs of solar energy Rising adoption of floating solar power plants Development of smart cities
PART 12: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors ABB Adani Enterprises Canadian Solar Huawei Technologies JA Solar Sterling and Wilson
For more information about this report visit https://www.researchandmarkets.com/research/gbxl82/the_solar_power?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005505/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Solar Power
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/06/2019 11:20 AM/DISC: 02/06/2019 11:20 AM