Jan 21, 2019   SOURCE: BusinessWire

Indian Solar Electric System and Inverter Market Report 2018: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2023 - ResearchAndMarkets.com

The "Indian Solar Electric System and Inverter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The Indian solar photo voltaic system market and the solar inverter market are projected to reach volumes of 80,000 MW and 19,981 MW by 2023, exhibiting a CAGR of 26.9% and 14.5% during 2018-2023 respectively.

Several efforts are being made by the Government of India to harness renewable sources, such as wind, solar, geothermal, etc. for energy production due to their easy availability. Amongst these, solar power is amongst the fastest developing segment, owing to the suitable geographical location of India which offers an ample supply of sunlight throughout the year.

Indian Solar Electric System and Inverter Market Trends:

The Indian government is encouraging the use of renewable sources of energy like solar, wind, etc. so as to decrease the dependency on non-renewable sources and reduce their carbon footprint. As a result, the Government has undertaken several initiatives including the Solar Rooftop Scheme, Jawaharlal Nehru National Solar Mission and Solar Energy Subsidy Scheme which are catalyzing the demand for solar power systems in the region.

Solar power systems are currently available in various forms such as off-grid solar power system, grid inter-tied solar power system with battery backup, and grid inter-tied solar power system without battery backup. According to their requirements, the consumers can easily choose from these varieties and install the system in their houses or office buildings.

Although, the initial cost for setting up a solar power system is very high, the maintenance cost associated with solar products is relatively low. Moreover, there is no professional operator required to run the system, unlike the conventional power system.

Decreasing prices of equipment used for solar panel manufacturing has significantly reduced the overall cost of solar PV panels, enabling solar power companies to expand their capacities.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Solar Electric System Industry

6 Global Solar Inverter Industry

7 Indian Solar Electric System Market

8 Indian Solar Inverter Market

9 SWOT Analysis

10 Value Chain Analysis

11 Porter's Five Forces Analysis

12 Manufacturing Process

13 Government Initiatives

14 Competitive Landscape

15 Profile of Key Players

  • ABB
  • TMEIC
  • SMA
  • Hitachi
  • Sungrow Power Supply Co. LTD.
  • Huawei
  • Schneider Electric
  • Vikram Solar Pvt Ltd
  • Waree Solar Energy Pvt Ltd
  • Adani Enterprises Ltd
  • Goldi Green Technologies Pvt Ltd
  • Tata Power Solar Systems Ltd
  • Moser Baer Solar Ltd
  • XL Energy Ltd
  • Solar Semiconductor Pvt Ltd
  • Emmvee Photovoltaics Pvt Ltd
  • Navitas Green Solutions Pvt Ltd

For more information about this report visit https://www.researchandmarkets.com/research/89nhxs/indian_solar?w=4