India Solar Photovoltaic Market Outlook, 2021
January 5, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "India Solar Photovoltaic Market Outlook, 2021"report to their offering.
Falling prices of PV Panels, Rising prices of electricity from the grid supply, economic growth and changing lifestyle, net- metering and government policies and subsidies will drive the solar photovoltaic market.
According to India Solar Photovoltaic Market Outlook, 2021, the installed capacity for solar photovoltaic market in India is expected to reach 1500 MW till 2021. Crystalline Silicon type solar photovoltaics are expected to lead the market in terms of technology. Off grid solar photovoltaic system are expected to cover more than half of the market by 2021.
The report reveals that Emmvee, TATA BP Solar and Vikram Solar are the leading players in Indian solar photovoltaic market and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks. India Solar Photovoltaic Market Outlook, 2021 discusses the following aspects of solar PV in India:
India has achieved cumulative installed capacity of 3 GW solar PV in the year ending 2014. Gujarat, Rajasthan, Madhya Pradesh, Maharashtra and Andhra Pradesh are the top 5 states which contribute more than 85% of the total solar PV capacity installed in the country. The government policies have been the main reason for the growth in the solar energy sector. Manufacturing facilities and the declining prices of the PV modules in India will make the PV market with a boom in the future.
Suggested Items
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Catching Up With Chasom Electronics
04/16/2024 | Dan Beaulieu, D.B. Management GroupI recently met with Chasom Electronics’ founding director Anil Kumar. Chasom offers a unique menu of services for companies looking to extend their technology capabilities on a short- or long-term basis. Read on to learn about this very unique service company.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).