インドの太陽光発電市場評価、タイプ別、グリッドタイプ別、設置別、用途別、最終用途別、地域別、機会、予測、2018～2032年度

インドの太陽光発電市場は力強い成長を遂げており、2024年の47億2,000万米ドルから2032年には2025年から2032年までの予測期間では、年平均成長率8.05%で成長すると予測され、87億7,000万米ドルに達すると予測されています。重要な要因としては、国の農村部に電力を供給するという政府のビジョン、住宅部門における屋上ソーラーパネル設置数の堅調な増加、全国的な電力消費の増加から電気料金の削減を望む多くの国民、政府の継続的な取り組みや補助金や税還付の面で太陽エネルギー企業に提供されているスキームなどが挙げられ、今後数年間でソーラーパネルの需要を促進する可能性が高いです。これらすべての促進要因が、予測期間中のインドの太陽光発電市場規模を押し上げる上で重要な役割を果たしています。

インドは、2022年の再生可能エネルギー付加の前年比（YoY）成長率が9.83％と最も高かったです。過去9年間で、太陽光発電の設備容量は24.4倍と大幅に増加しました。2023年2月現在、インドの太陽光発電設備容量は63.3ギガワット（GW）です。さらに、総設置容量50ギガワット（GW）のうち、42GWの大部分は地上設置型太陽光発電（PV）システムによるものです。一方、屋上太陽光発電（RTS）は648万kWにすぎず、オフグリッド太陽光発電は148万kWです。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 エグゼクティブサマリー

第4章 顧客の声

• 製品と市場情報
• 情報源
• 購入決定時に考慮される要素
  • 総費用
  • 施設要件
  • 運用人材の専門知識
  • 設置台数
  • 業界での経験
  • 効率
  • アフターサポート
• 設置目的
• 需要と供給のメカニズム
• 安全規制の考慮と理解
• 法令遵守の適用
• 既存ユーザーまたは購入予定者

第5章 インドの太陽光発電市場の見通し、2024年～2032年

• 市場規模と予測
  • 金額別
  • 数量別
• タイプ別
  • 単結晶シリコン
  • 多結晶シリコン
  • 薄膜セル
    • アモルファスシリコン
    • CIGS（銅インジウムガリウムセレン）
    • テルル化カドミウム（CDTE）
    • ペロブスカイト太陽電池
  • 有機PV
  • グリッドタイプ別
    • オングリッド
    • オフグリッド
    • ハイブリッド
  • 設置別
    • 地上設置型
    • 屋根設置型
    • 建材一体型太陽光発電
    • 水上太陽光発電
  • 用途別
    • 太陽光発電所
    • 電子機器
    • ヘルスケア施設
    • 公共インフラ
    • 航空宇宙
    • 工事
    • 軍事と防衛
    • 交通機関
    • その他
  • 最終用途別
    • 住宅
    • 商業・工業
    • ユーティリティ
  • 地域別
    • 北部
    • 東部
    • 西部と中部
    • 南部
• 企業別市場シェア（％）、2024年

第6章 市場マッピング、2024年

• タイプ別
• グリッドタイプ別
• 設置別
• 用途別
• 最終用途別
• 地域別

第7章 マクロ環境と産業構造

• 供給需要分析
• 輸入輸出分析
• バリューチェーン分析
• PESTEL分析
  • 政治的要因
  • 経済システム
  • 社会的影響
  • 技術の進歩
  • 環境への影響
  • 法令遵守と規制ポリシー（法定機関を含む）
• ポーターのファイブフォース分析
  • サプライヤーの力
  • バイヤーの力
  • 代替の脅威
  • 新規参入の脅威
  • 競争企業間の敵対関係

第8章 市場力学

• 成長の原動力
• 成長阻害因子（課題と制約）

第9章 主要プレーヤーの情勢

• 市場リーダー上位5社の競合マトリックス
• 上位5社の市場リーダーの市場収益分析（%、2024年）
• 合併および買収/合弁事業（該当する場合）
• SWOT分析（市場プレーヤー5社向け）
• 特許分析（該当する場合）

第10章 価格分析

第11章 ケーススタディ

第12章 主要プレーヤーの展望

• Saatvik Green Energy Pvt. Ltd.
• 会社概要
• 主要経営陣
• 製品とサービス
• 財務状況（報告通り）
• 主要市場への注力と地理的プレゼンス
• 最近の動向
• Adani Green Energy Ltd
• Waaree Energies Ltd.
• Tata Power Solar
• Vikram Solar Limited
• Loom Solar Pvt. Ltd.
• Renewsys Solar
• Insolation Energy Ltd.（INA）
• Pixon Energy
• Goldi Solar

上記の企業は市場シェアに基づいて注文を保留しておらず、調査作業中に入手可能な情報に応じて変更される可能性があります。

第13章 戦略的提言

第14章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Photovoltaics Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Photovoltaics Market, By Volume, In Gigawatts, FY2018-FY2032F
• Figure 3. India Photovoltaics Market Share, By Type, In USD Billion, FY2018-FY2032F
• Figure 4. India Photovoltaics Market Share, By Grid Type, In USD Billion, FY2018-FY2032F
• Figure 5. India Photovoltaics Market Share, By Installation, In USD Billion, FY2018-FY2032F
• Figure 6. India Photovoltaics Market Share, By Applications, In USD Billion, FY2018-FY2032F
• Figure 7. India Photovoltaics Market Share, By End User, In USD Billion, FY2018-FY2032F
• Figure 8. India Photovoltaics Market Share, By Region, In USD Billion, FY2018-FY2032F
• Figure 9. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Grid Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Installation Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Applications Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 13. By End User Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 14. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

Photovoltaics Market in India has been experiencing robust growth and is projected to reach USD 8.77. billion by FY2032 from USD 4.72 billion in FY2024 growing at CAGR of 8.05% for the forecast period between FY2025 and FY2032. Significant factors include the government's vision to provide electricity in rural areas of the country, a robust rise in the number of rooftop solar panel installations in the residential sector, a large number of the population willing to reduce electricity bills emerging from the increased power consumption across the nation coupled with continuous government initiatives and schemes being offered to solar energy companies in terms of subsidies and tax rebates are likely to propel the demand of solar panels in coming years. All these drivers play a significant role in fuelling the market size of India's photovoltaics market during the forecast period.

India saw the highest year-on-year (Y-o-Y) growth in renewable energy additions of 9.83% in 2022. Over the past nine years, the installed capacity of solar energy has grown significantly, multiplying by a factor of 24.4. As of February 2023, the total installed solar energy capacity in India stands at 63.3 gigawatts (GW). Furthermore, among the total installed solar capacity of 50 gigawatts (GW), a significant majority of 42 GW is contributed by ground-mounted solar photovoltaic (PV) systems. On the other hand, rooftop solar (RTS) installations account for only 6.48 GW, while off-grid solar PV contributes 1.48 GW.

A Substantial Increase in the Number of Solar Parks

Solar parks or solar farms in India has witnessed a significant increase over the last few years. Some of the major solar parks of India includes Bhadla Solar Park having a capacity of 2,245 MW which is also the world's largest PV solar park followed by Pavagada solar park with a capacity of 2,050 megawatts that's makes it second largest in the world. Government of India has been taking several initiatives for setting up multiple solar parks across the country for which a scheme was rolled out by Ministry of New & Renewable Energy to provide Central Financial Assistance (CFA) of up to Rs. 25 lakh per solar park for preparation of Detailed Project Report. With the increase in the number of solar parks, the photovoltaics market is expected to surge as solar panels are largely being used at these solar farms. Several international solar energy companies have an opportunity to tap this market potential in India by setting up their solar plants. India holds a great opportunity for photovoltaics market owing to the maximum sunny days (300 out of 365) which becomes a great resource for this market.

Environmental Concerns are Acting as a Catalyst India's Photovoltaics Market

Environmental concerns are driving India's photovoltaics market due to the urgent need to reduce carbon emissions and reliance on fossil fuels. The country has set an ambitious target to increase its non-fossil fuel capacity to 500 GW by 2030. High air pollution levels in many cities emphasize the necessity for clean energy sources. The government's policies encourage the use of locally produced solar cells and modules, promoting sustainable practices and fostering domestic manufacturing. This transition to renewable energy not only addresses environmental issues but also generates job opportunities and supports economic growth.

For instance, in December 2024, Government of India decided to mandate the use of locally made solar cells in government projects from June 2026 is a significant step toward environmental sustainability. The country's renewable energy ministry announced that only solar cells from an approved list of domestic manufacturers will be used, aiming to curb Chinese imports. This initiative aligns with India's goal of increasing its non-fossil fuel capacity to 500 GW by 2030. Currently, India has a solar PV module-making capacity of about 80 GW, while solar cell capacity is slightly more than 7 GW, with a heavy reliance on Chinese imports. By ramping up domestic production and supporting local manufacturers, India is not only reducing its carbon footprint but also fostering a sustainable PV market. Tata Power, Reliance Industries, and other major firms are setting up substantial cell-making plants to support this initiative.

Rise in Rooftop Solar Panels Leading to Demand for Monocrystalline Silicon

The cost of solar panels has significantly decreased in recent years, making rooftop solar installations more affordable and financially attractive. Technological advancements, economies of scale, and increased competition have contributed to the cost reduction. Moreover, advances in solar technology have made rooftop solar panels more efficient, durable, and aesthetically appealing. With over 300 million households and an abundance of sunshine for most of the year, India possesses immense potential for rooftop solar installations in residential areas. Rising demand among consumers along with the government support pushes the market for the rooftop solar panels in India cities, particularly in Gujarat and Rajasthan.

As per the most recent data provided by the ministry, the rooftop solar capacity increased to 8,877 megawatts (MW) by 31st March 2023, compared to 7,520 MW recorded on 30th September 2022. Since, the rooftop solar panels are mostly composed of monocrystalline silicon, hence the demand for monocrystalline silicon solar PV panels is increasing at a rapid rate.

Government Regulations

The Indian government is placing significant emphasis on advancing the technology of solar photovoltaics (PV) and is making substantial investments in this area. Additionally, the government has implemented a range of policies aimed at enhancing the solar PV market in the years ahead. For example, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme was launched in 2019 to promote the installation of solar pumps and the solarization of agricultural feeders. It aims to increase farmer income, reduce dependence on grid electricity, and promote sustainable agriculture practices. Under PM-KUSUM, farmers in Gujarat have been able to install solar-powered irrigation pumps on their agricultural lands. These solar pumps provide a reliable and cost-effective source of energy for irrigation, reducing farmers' dependence on traditional grid electricity. In 2022, the scheme successfully incorporated a solar capacity of 30,800 megawatts (MW) with a total financial support of Rs. 34,422 Crore from the central government. This financial support includes service charges provided to the implementing agencies.

Additionally, the Atal Jyoti Yojana (AJAY) was introduced by the Ministry of New and Renewable Energy (MNRE) to bring light to areas with inadequate illumination by installing solar streetlights. It is a sub-scheme under the off-grid and decentralized solar application scheme of the Ministry of New and Renewable Energy (MNRE), Government of India.

Impact of COVID-19

The Indian solar industry has experienced significant challenges as a result of the COVID-19 pandemic. These challenges include cash flow shortages, difficulties in recovering payments from distribution companies, limited working capital, workforce availability concerns, and disruptions in the supply chain. Despite these obstacles, the government has displayed a positive approach to mitigating the adverse impacts on the sector.

The ongoing pandemic may serve as a catalyst for the Indian government, the solar industry, and related stakeholders to strategize and navigate towards the achievement of India's solar energy targets effectively.

Key Players Landscape and Outlook

The solar photovoltaic market in India is witnessing notable growth, leading international companies to prioritize quality and brand positioning in order to sustain their market share and expand their global presence. These companies are increasing their investments in research and development, marketing, and the expansion of distribution networks. Manufacturers are actively studying consumer behavior to gain deeper insights into their requirements and are continuously introducing new products to meet those demands.

In May, 2023, TP Saurya Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), signed a power purchase agreement (PPA) with Tata Power Trading Company Limited. The agreement is for the establishment of a 200 MW AC solar project in Bikaner, Rajasthan. Once the project becomes operational, it is expected to generate approximately 485 million units of energy annually over a span of 25 years.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Sources of Information
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Overall Expenses
  • 4.3.2. Facility Requirement
  • 4.3.3. Operational Manpower Expertise
  • 4.3.4. Number of Installation Units
  • 4.3.5. Experience in the Industry
  • 4.3.6. Efficiency
  • 4.3.7. After-Sales Support
• 4.4. Purpose of Installation
• 4.5. Demand and Supply Mechanism
• 4.6. Consideration and Understanding of Safety Regulations
• 4.7. Application of Legal Compliances
• 4.8. Existing User or Intended Purchaser

5. India Photovoltaics Market Outlook, FY2024-FY2032F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. By Type
  • 5.2.1. Monocrystalline Silicon
  • 5.2.2. Polycrystalline Silicon
  • 5.2.3. Thin Film Cells
    • 5.2.3.1. Amorphous silicon
    • 5.2.3.2. CIGS (Copper Indium Gallium Selenide)
    • 5.2.3.3. Cadmium Telluride (CDTE)
    • 5.2.3.4. Perovskite Solar Cells
  • 5.2.4. Organic PV
  • 5.2.5. By Grid Type
    • 5.2.5.1. On Grid
    • 5.2.5.2. Off Grid
    • 5.2.5.3. Hybrid
  • 5.2.6. By Installation
    • 5.2.6.1. Ground Mounted
      • 5.2.6.1.1. Foundation mount
      • 5.2.6.1.2. Ballasted footing Mount.
      • 5.2.6.1.3. Pole mount
      • 5.2.6.1.4. Multi-pole mount
      • 5.2.6.1.5. Smart Flower
    • 5.2.6.2. Roof Mounted
      • 5.2.6.2.1. Railed Mounting
      • 5.2.6.2.2. Rail-less mounting
      • 5.2.6.2.3. Shared rail mounting
      • 5.2.6.2.4. Flat roof ballasted Racking System
    • 5.2.6.3. BIPV
    • 5.2.6.4. Floating PV
  • 5.2.7. By Applications
    • 5.2.7.1. Solar Farms
    • 5.2.7.2. Electronic Devices
    • 5.2.7.3. Healthcare Facilities
    • 5.2.7.4. Public Infrastructure
    • 5.2.7.5. Aerospace
    • 5.2.7.6. Construction
    • 5.2.7.7. Military and Defence
    • 5.2.7.8. Transportation
    • 5.2.7.9. Others
  • 5.2.8. By End-User
    • 5.2.8.1. Residential
    • 5.2.8.2. Commercial & Industrial
    • 5.2.8.3. Utility
  • 5.2.9. By Region
    • 5.2.9.1. North
    • 5.2.9.2. East
    • 5.2.9.3. West & Central
    • 5.2.9.4. South
• 5.3. By Company Market Share (%), FY 2024

6. Market Mapping, FY2024

• 6.1. By Type
• 6.2. By Grid Type
• 6.3. By Installation
• 6.4. By Applications
• 6.5. By End-user
• 6.6. By Region

7. Macro Environment and Industry Structure

• 7.1. Supply Demand Analysis
• 7.2. Import Export Analysis
• 7.3. Value Chain Analysis
• 7.4. PESTEL Analysis
  • 7.4.1. Political Factors
  • 7.4.2. Economic System
  • 7.4.3. Social Implications
  • 7.4.4. Technological Advancements
  • 7.4.5. Environmental Impacts
  • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5. Porter's Five Forces Analysis
  • 7.5.1. Supplier Power
  • 7.5.2. Buyer Power
  • 7.5.3. Substitution Threat
  • 7.5.4. Threat from New Entrant
  • 7.5.5. Competitive Rivalry

8. Market Dynamics

• 8.1. Growth Drivers
• 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

• 9.1. Competition Matrix of Top Five Market Leaders
• 9.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2024)
• 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4. SWOT Analysis (For Five Market Players)
• 9.5. Patent Analysis (If Applicable)

10. Pricing Analysis

11. Case Studies

12. Key Players Outlook

• 12.1. Saatvik Green Energy Pvt. Ltd.
  • 12.1.1. Company Details
  • 12.1.2. Key Management Personnel
  • 12.1.3. Products & Services
  • 12.1.4. Financials (As reported)
  • 12.1.5. Key Market Focus & Geographical Presence
  • 12.1.6. Recent Developments
• 12.2. Adani Green Energy Ltd
• 12.3. Waaree Energies Ltd.
• 12.4. Tata Power Solar
• 12.5. Vikram Solar Limited
• 12.6. Loom Solar Pvt. Ltd.
• 12.7. Renewsys Solar
• 12.8. Insolation Energy Ltd. (INA)
• 12.9. Pixon Energy
• 12.10. Goldi Solar

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13. Strategic Recommendations

14. About Us & Disclaimer