Declining Solar Photovoltaic Cost to Grow Solar Power in India

India has a huge potential for solar power generation that is leading to large-scale deployment of solar energy. Therefore, solar photovoltaic-installed capacity is rising exponentially in the country.

Due to increase in the solar photovoltaic installation, the demand of solar photovoltaic panels and products are also increasing.

The solar photovoltaic manufacturers are trying to produce better products and also expanding their existing capacities to meet the rising demand in the country.

This is leading to decline in the cost of solar power that will further boost the solar power in India.

According to our research report, “Indian Solar Energy Market Analysis”, the solar power sector in India is witnessing a tremendous growth on the back of the above favorable factors. As per our research findings, solar PV installation in the country is growing at a rapid pace as in 2011-12, the total capacity addition in solar PV segment stood at around 468 MW. Moreover, in future, the cumulative PV-installed capacity is anticipated to grow at a CAGR of around 47% during 2011-2016.

The report also exhibits the emerging trends in Indian solar market as increasing production of solar PV products in the country, growing demand for off grid PV installation, etc. Further, it also covers the detail of installed and sanctioned projects in India by states. The report also offers a detailed knowledge of various state solar policies and government policies.

Besides, our report, “Indian Solar Energy Market Analysis”, also covers all the key aspects that clarify the picture of current Indian solar power sector. It highlights the industry performance and future outlook of solar power sector with an in-depth analysis of both solar photovoltaic & solar thermal technologies. The section includes various solar products as solar cooker, street lightening systems, home lightening systems, lanterns, power plants, PV pumps, solar powered telecom towers, and rooftops with their major manufacturers.

We have also studied how the regulatory environment and initiatives adopted by the government are boosting growth in the solar market. Further, through the section of key players, we have tried to provide an insight into the current market scenario and existing competition to our customers. Additionally, to provide a clearer picture of competitive landscape, we have also included recent developments of key players coupled with the comprehensive analysis of their strengths and weakness.

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