Research and Markets has announced the addition of the “India Solar Rooftop Systems Market (2016-2022): Market Forecast by Business Model, Connectivity, End User, Regions, Key States and Competitive Landscape” report to their offering.
The Indian solar rooftop systems market revenue is projected to grow at a CAGR of 31.92 per cent during 2016-22. In India, the CAPEX business model accounted for a major revenue share in the overall market in 2015.
In terms of connectivity, on-grid solar rooftop systems generated key market revenues; however, the trend is expected to shift towards off-grid segment in the forecast period.
This report thoroughly covers the solar rooftop systems market by business models, connectivity type, end-user and states.
The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which will help stakeholders to decide and align their market strategies according to the current and future market dynamics.
India’s energy mix is witnessing significant changes due to the adoption of renewable sources of power. Although, India’s share of renewable energy is low, it offers immense growth opportunities to the market players. Amongst all renewable energy sources, solar energy is emerging as one of the most promising segments.
Factors such as better space optimization, inclusion of net-metering, accelerated depreciation tax benefit and attractive subsidies by state nodal agencies are expected to fuel the Indian solar rooftop systems market.
The country has a high solar insolation, making solar power one of the most viable renewable sources of energy. An increase in adoption of solar power from the industrial & commercial segments coupled with an aggressive push by governments has resulted in the growth of the Indian solar rooftop systems market.
By Belal Khan
