Feb 7, 2019   SOURCE: BusinessWire

The Solar Power Market in India (2019-2023): Led by ABB, Adani Enterprises, Canadian Solar, Huawei Technologies, JA Solar, and Sterling & Wilson - ResearchAndMarkets.com

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.

Competitive Landscape

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 Players

  • ABB
  • Adani Enterprises
  • Canadian Solar
  • Huawei Technologies
  • JA Solar
  • Sterling and Wilson

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining 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-USER

  • Comparison 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 APPLICATION

  • Comparison 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 TRENDS

  • Declining costs of solar energy
  • Rising adoption of floating solar power plants
  • Development of smart cities

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors 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