Solar energy offers enormous potential for a tropical country like India where around 45% of households, mainly rural ones, do not have access to electricity, says a new research report “Indian Solar Energy Market Outlook 2012” from a leading research company RNCOS.
India receives solar energy equivalent to more than 5,000 Trillion kWh per year, which is far more than its total annual energy consumption. The country’s geographical location, large population and government support are also assisting it to become one of the most rapidly emerging solar energy markets in the world. Consequently, the country is becoming a favorite investment destination for both local as well as global players.
Demand for solar products has been rising rapidly over the recent years, especially in rural areas, and is expected to continue growing substantially during our forecast period (2009-2012). The total number of solar lanterns in India is projected to grow at a CAGR of about 40% between 2009 and 2012.
“Indian Solar Energy Market Outlook 2012” provides a rational analysis and extensive research on the solar power industry in India. It thoroughly examines the current industry trends which are adding to the growth of solar power market of the country. The report highlights the emerging segments of solar power industry and their market potential to serve the enormous population of the country. It will help clients to understand the market dynamics and get an insight of the current and future outlook of solar power market in India.
Besides giving projections on various energy indicators, the report also gives forecast on various segments of the solar power industry based on feasible solar industry environment in India. These include:
- Solar Street Lighting System
- Solar Home Lighting System
- Solar Lantern
- Solar Photovoltaic Pumps
- Solar Water Heating System
- Solar Cookers
The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on correlations between past market growth, growth of base drivers and possible impact of recession in the economy.
The report also includes detailed information about the key players in the solar power industry of India including BHEL, BEL, CEL, TATA BP Solar India Limited, Moser Baer India Limited, Applied Materials, Inc, and Solar Signet.
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