india solar rooftop market forecast 2021 - brochure
TRANSCRIPT
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India S olar Rooftop Market By State, By Connectivity, By End User, Competit ion
Forecast & Opportunities , 2011 – 2021
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S. No. Content
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Energy Mix
5. India Solar Power Market Overview
6. India Solar Rooftop Market Outlook
6.1. Industry Structure & Stakeholders
6.2. Market Size & Forecast
6.2.1. By Value
6.2.2. By Capacity
6.3. Market Share & Forecast
6.3.1. By Connectivity (On-Grid Vs. Off-Grid)
6.3.2. By Region
6.3.3. By Company
6.3.4. By End User
6.4. Market Attractiveness Index
6.4.1. By End User
7. Tamil Nadu Solar Rooftop Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Capacity
7.2. Market Share & Forecast
7.2.1. By Connectivity
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7.2.2. By End User
7.3. Policy & Regulatory Landscape
7.4. Net Metering Policy
7.5. Tariff Analysis
7.6. Market Attractiveness Index
7.6.1. By End User
8. Maharashtra Solar Rooftop Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Capacity
8.2. Market Share & Forecast
8.2.1. By Connectivity
8.2.2. By End User
8.3. Policy & Regulatory Landscape
8.4. Net Metering Policy
8.5. Tariff Analysis
8.6. Market Attractiveness Index
8.6.1. By End User
9. Rajasthan Solar Rooftop Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Capacity
9.2.3. Market Share & Forecast
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9.2.1. By Connectivity
9.2.2. By End User
9.3. Policy & Regulatory Landscape
9.4. Net Metering Policy
9.5. Tariff Analysis
9.6. Market Attractiveness Index
9.6.1. By End User
10. Punjab Solar Rooftop Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Capacity
10.2. Market Share & Forecast
10.2.1. By Connectivity
10.2.2. By End User
10.3. Policy & Regulatory Landscape
10.4. Net Metering Policy
10.5. Tariff Analysis
10.6. Market Attractiveness Index
10.6.1. By End User
11. Gujarat Solar Rooftop Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.1.2. By Capacity
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11.2. Market Share & Forecast
11.2.1. By Connectivity
11.2.2. By End User
11.3. Policy & Regulatory Landscape
11.4. Net Metering Policy
11.5. Tariff Analysis
11.6. Market Attractiveness Index
11.6.1. By End User
12. Madhya Pradesh Solar Rooftop Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value
12.1.2. By Capacity
12.2. Market Share & Forecast
12.2.1. By Connectivity
12.2.2. By End User
12.3. Policy & Regulatory Landscape
12.4. Net Metering Policy
12.5. Tariff Analysis
12.6. Market Attractiveness Index
12.6.1. By End User
13. Delhi Solar Rooftop Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value
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13.1.2. By Capacity
13.2. Market Share & Forecast
13.2.1. By Connectivity
13.2.2. By End User
13.3. Policy & Regulatory Landscape
13.4. Net Metering Policy
13.5. Tariff Analysis
13.6. Market Attractiveness Index
13.6.1. By End User
14. Haryana Solar Rooftop Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value
14.1.2. By Capacity
14.2. Market Share & Forecast
14.2.1. By Connectivity
14.2.2. By End User
14.3. Policy & Regulatory Landscape
14.4. Net Metering Policy
14.5. Tariff Analysis
14.6. Market Attractiveness Index
14.6.1. By End User
16. Rest of India Solar Rooftop Market Outlook
16.1. Market Size & Forecast
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16.1.1. By Value
16.1.2. By Capacity
16. Market Dynamics
16.1. Drivers
16.2. Challenges
17. Market Trends & Developments
17.1. Use of Inverters
17.2. Distributed Energy Generation
17.3. Use of Nanotechnology in Solar Cells
17.4. Anti-dumping duty on imports of Solar Panels
17.5. Public Private Partnership in Solar Rooftop Projects
17. Solar Rooftop Performance Improvement Measures
17.1. Use of Reflectors to improve Power Generation
17.2. Implementation of Tracker Systems
18. Raw Material Analysis
19. Cost Breakup Analysis
19. India Economic Profile
20. Competitive Landscape
20.1. Tata Power Solar Systems Limited
20.2. CleanMax Solar
20.3. Jaksons Engineers Limited
20.4. Thermax Limited
20.5. Hero Future Energies
20.6. KEC International Limited
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20.7. RelyOn Solar Private Limited
20.8. SOLON India Private Limited
20.9. Fourth Partner Energy Pvt Ltd
20.10. Elecomponics Technologies India Pvt Ltd
21. Strategic Recommendation
22. About Us & Disclaimer
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Solar Rooftop:
A solar rooftop power system is dependent on sunrays for generation of electricity. Solar panels convert sunrays
into electricity, and the process of conversion does not involve any greenhouse gases emissions. A solar rooftop
power system comprises of solar panels, which are connected with electrical accessories such as cables, invertors,
batteries, etc. The system is connected with the load to supply electricity for consumption.
The power generation from solar rooftop power system is renewable because the feedstock for the process is
sunlight which is naturally replenished. Solar panels are mostly being made of silicon which is combined with
other materials in a way that there are extra electrons in one part of the cell and lack of electrons in another part.
When sunrays strike the cell, photons, which are present in the light, hit the extra electrons from silicon, and they
flow to other part of the cell which lacks electron to produce electricity. The electricity produced is a result of flow
of electrons in the cell, and the current is converted into usable electricity by the inverter.
Solar cells are classified into first, second and third generation cells, based on the chronology of development in
its manufacturing. The first generation cells are conventional ones which are made of crystalline silicon, and
include materials like polysilicon and monocrystalline silicon. Second generation cells are thin film solar cells
which include cadmium telluride (CdTe), amorphous silicon and copper indium gallium selenide (CIGS) solar cells.
The third generation cells are made of organometallic compounds as well as inorganic substances.
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Sun
Charge Controller
Inverter Battery
AC Load DC Loads
First and second generation solar cells are
commercially available, and are being used for
power generation. While, the third generation solar
cells are still in research & development phase.
In a solar power system, Direct Current (DC) is
generated which is stored in a battery, and the
power is supplied to DC load for consumption. The
inverters are being used to convert DC power to
Alternating Current (AC) for AC loads.
With technological advancements, the cost of power
generation from solar rooftop is coming down, and
is expected to reduce further in the coming years.
Source: TechSci Research
Figure 1: Anatomy of Solar Power Generation
Solar Panels
© TechSci Research
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Secondary Sources
Company Website Ministry of New and Renewable Energy
Central Electricity Regulatory Commission State Electricity Regulatory Commission
Solar Energy Corporation of India Ministry of Power
Central Electricity Authority Ministry of Statistics and Programme Implementation
Companies Interviewed
Tata Power Solar Sunkalp Energy
ACME Solar Vikram Solar
Thermax Limited KEC International
Lanco Solar Azure Power
R e s e a r c h M e t h o d o l o g y
OBJECTIVE: The primary objective of the study was to understand the present market and forecast the solar
rooftop market in India.
APPROACH & SOURCES: For forecasting the market of solar rooftop, Top Down approach has been used.
Multiple employees from the following companies have been interviewed through telephonic conversations in order
to extract and verify the information being collected at the source.
TechSci Research has scrutinized various published documents from following key sources in order to fill the data
gaps and verify information being collected through primary research surveys.
© TechSci Research
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In the beginning, a brief study of solar power generation technology in India was added which includes analysis
of information such as development of technology, initiatives and policies of Central and States’ governments,
which impact the country’s solar rooftop market.
Moreover, a detailed and in-depth scrutiny of information was done to understand each and every policy or
external or internal factors which can impact the market of solar rooftop in India. For this various documents
related to power sector were studied, followed by a detailed assessment of the use of solar rooftop technology
among end users.
Finally, a state-wise market for solar rooftop was analysed, and various companies which are involved in the
business of solar rooftops in India were identified.
The market for solar rooftop in India is in expanding phase, and the driving factors for market growth were
assessed for future forecasting.
The study has been carried out considering various aspects of solar rooftop market in India:
R e s e a r c h M e t h o d o l o g y
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To extract the data for India solar rooftop market, primary research surveys were conducted with key end users
industries and solar project developers, so as to assess the past market trend.
However, for forecasting the India solar rooftop market, following assumptions were made:
Investments in allied industries are expected to continue, as planned, during the forecast period
Growing trend in electricity demand scenario is expected to continue over the next five years, and same has
been considered to forecast the market for solar rooftop
Various government policies & regulations associated with solar power sector have been taken into account
Considering these assumptions, our dedicated team of industry experts has comprehensively monitored and
analyzed various aspects of solar rooftop market in India. The team has analyzed various industry segments
and speculated a positive future for solar rooftop market in India. Taking into consideration the developments,
capital investments, government support, etc., our team of analysts has provided a prudent analysis of the
industry’s performance in the future.
R e s e a r c h M e t h o d o l o g y
I n d u s t r y B r i e f
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India Solar Rooftop Market Set to Grow at 60% till 2021
Increasing number of government initiatives coupled with favorable policy environment to boost solar rooftopmarket in India through 2021
According to a recently published TechSci Research report “India Solar Rooftop Market By State, ByConnectivity, By End User, Competition Forecast & Opportunities, 2011 – 2021”, the solar rooftop market inIndia is projected to grow at a CAGR of over 60% during 2016 – 2021, predominantly on account of risinggovernment focus on increasing the share of solar power in the country’s energy mix. As per the Census of India2011 and Wasteland Atlas of India 2011, the total solar power capacity in the country stood at 748 GW, which ismore than twice the country’s total installed power capacity. In 2015, Government of India had set a target of100 GW of solar power generation in the country by 2022, which is five times more than the target set in 2009.
In India, the solar rooftop market is still in its nascent phase, and the market is expected to grow at a robustpace over the next five years backed by favorable government measures and abundant solar resources. In orderto boost solar power generation in the country, the Government of India has announced various policies andregulations such as Accelerated Depreciation, Capital Subsidies, Renewable Energy Certificates (RECs), NetMetering Incentives, Assured Power Purchase Agreement, etc. These schemes have been introduced by thegovernment to reduce the capital expenditure in building a solar power plant, and subsidize solar powergeneration in order to make it economically viable for the stakeholders involved in the solar power business.
“In India, the total solar power generation capacity increased from around 160 MW in 2010 to more than 6,700MW in 2016 owing to favorable government initiatives coupled with development in manufacturing technologyof solar panels. Improving manufacturing technology has led to reduction in cost of solar panels which hasresulted in reduction in cost of solar power generation. With declining cost of solar power and increasinglyfavorable government policies, solar power industry is expected to witness bright days ahead.” said Mr. KaranChechi, Research Director with TechSci Research, a research based global management consulting firm.
India Solar Rooftop Market Size, By
Value (USD Million), By Capacity
(Megawatts), 2011 – 2015
S a m p l e D a t a - S n a p s h o t
1 2 3 4 53
57
911
2011 2012 2013 2014 2015
1 2 3 45 6
3 57
911
13
© TechSci Research
India Solar Rooftop Market Size, By
Value (USD Million), By Capacity
(Megawatts), 2016 – 2021F
15
India Solar Rooftop Market Share, By
Region, By Value, 2015 & 2021F
North Region
East Region
South Region
West Region
2015 2025F--------------------
X% X%
2015 2025F--------------------
X% X%
2015 2025F--------------------
X% X%
2015 2025F--------------------
X% X%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50
India Solar Rooftop Market Attractiveness
Index, By End User, By Value, 2015-2021F
Commercial
Residential Industrial
Tata Power …
Jaksons Engine…
Clean Max …
Thermax …
Hero Future Energies, …
Othe…
2015
India Solar Rooftop Market Share, By Company, By Value, 2015 & 2021F
Tata …
Jaksons Engine…
Clean Max …
Thermax …
Hero Future …
Oth…
2021F
Tamil Nadu Solar Rooftop Market Attractiveness
Index, By End User, By Value, 2015-2021F
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50
Commercial
Residential
Industrial
R e p o r t O r d e r i n g
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Report Name: India Solar Rooftop Market By State, By Connectivity, By End
User, Competition Forecast & Opportunities, 2011 – 2021
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