DUBLIN--(BUSINESS WIRE)--The "Transformative Mega Trends in the Indian Solar Inverters Market" report has been added to ResearchAndMarkets.com's offering.
This report explores the various market drivers and the challenges that suppliers face. Along with the current installed capacity of different states, hotspots in the country with high solar potential are also mapped.
The competitive environment, market share of top competitors, revenue forecast, and pricing trends are also discussed. Market segmentation is based on inverter type and capacity, and market revenues of each segment have been discussed for the 2021 to 2025 forecast period.
Growth opportunities that market players can capitalize on are analyzed along with key market end-user verticals. The impact of the COVID-19 pandemic has been incorporated into the analyses and an achievable annual capacity addition has been forecasted in the report.
The opportunity size of the market is based on the government's cost benchmark and the publisher estimates the Indian solar inverters market to register a CAGR of 3.9%. In terms of revenue, the C&I segment is expected to register the highest CAGR at 7.0%.
India is a signatory to the Paris climate change agreement, which requires at least 40% of its energy to be from renewable sources by 2030. By 2022, India targets 175GW from renewable sources, out of which it plans to achieve 100GW from solar sources with rooftop solar contributing about 40GW.
The Ministry of Renewable Energy has launched a number of schemes to achieve this target and introduced policy measures, such as RPOs, that mandate a certain percentage of power distributed to be from renewable sources. The policy environment is briefly discussed in this study in addition to the various schemes available for participants in the market.
The falling costs of equipment and overall levelized cost of electricity (LCOE) have further spurred the adoption of renewable energy creating the demand for inverters. To encourage local manufacturing, the government has taken various initiatives, such as increasing customs duty on imported inverters.
Key Issues Addressed
- Is the solar inverters market growing; how long will it continue to grow and at what rate?
- What are the key drivers and restraints affecting the solar inverters market? What are the competitive factors in this market?
- How are key regulations affecting the renewable energy market in various regions?
- Which are the key growth regions for solar energy inverters?
- Who are the key market players and how is the competitive environment?
- How are the revenues expected to change over the next 5 years for each segment of the market?
Key Topics Covered:
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top Three Strategic Imperatives on the Solar Inverters Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis, Indian Solar Inverters Market
- Indian Solar Inverters Market Scope of Analysis
- Indian Solar Inverters Market Segmentation
- Overview of Renewable Energy (RE) Sector
- Key Challenges Faced by Investors in RE Sector
- Impact of COVID-19 on the Solar Inverters Market
- Key Policy Initiatives
- Other MNRE Assistance/Incentive Schemes
- Regional Hotspots
- Key Competitors
- Key Growth Metrics for Indian Solar Inverters Market
- Top 10 States With Solar Installations
- Sector-wise RE Cumulative Achievements, 2019
- Total Planned Solar Energy Capacity Additions Till 2025
- Total Planned Solar Energy Cumulative Installations Till 2025
- Capacity Additions by Inverter Type, Indian Solar Inverters Market
- Indian Solar Inverters Market
- Distribution Channels for Indian Solar Inverters Market
- Growth Drivers for Indian Solar Inverters Market
- Growth Driver Analysis for Indian Solar Inverter Market
- Growth Restraints for Indian Solar Inverters Market
- Growth Restraint Analysis for Indian Solar Inverters Market
- Key Market Trends
- Push Toward Local Manufacturing
- Forecast Assumptions
- Revenue and Capacity Additions Forecast, Indian Solar Inverters Market
- Revenue Forecast by Inverter Capacity, Indian Solar Inverters Market
- Revenue Forecast by Inverter End-user Vertical, Indian Solar Inverters Market
- Revenue and Capacity Additions Forecast, Indian Solar Inverters Market
- Revenue Forecast by Inverter Capacity, Indian Solar Inverters Market
- Revenue Forecast by Inverter End-user Vertical, Indian Solar Inverters Market
- Revenue Forecast Analysis, Indian Solar Inverters Market
- Revenue Forecast Analysis by Industry Vertical
- Pricing Trends and Forecast Analysis, Indian Solar Inverters Market
- Competitive Environment
- Revenue Share, Indian Solar Inverters Market
- Revenue Share by Inverter Types, Indian Solar Inverters Market
- Revenue Share Analysis, Indian Solar Inverters Market
3. Growth Opportunity Analysis, Residential Segment
- Key Growth Metrics for Residential Segment
- Revenue and Capacity Additions Forecast, Residential Segment
- Revenue and Capacity Additions Forecast Analysis, Residential Segment
4. Growth Opportunity Analysis, Commercial & Industrial Segment
- Key Growth Metrics for C&I Segment
- Revenue and Capacity Additions Forecast, C&I Segment
- Revenue and Capacity Additions Forecast Analysis, C&I Segment
5. Growth Opportunity Analysis, Utilities Segment
- Key Growth Metrics for Utilities Segment
- Revenue and Capacity Additions Forecast, Utilities Segment
- Revenue and Capacity Additions Forecast Analysis, Utilities Segment
6. Growth Opportunity Universe, Indian Solar Inverters Market
- Growth Opportunity 1 - Explore CHB-Based PV Inverters with ESS Systems for Grid Stability, 2021
- Growth Opportunity 2 - Explore Silicon Carbide/Gallium Nitride Converters for Improved Conversion Efficiency, 2021
- Growth Opportunity 3 - Incorporate AI/Smart Technology for Better Energy Yield and Safety, 2021
For more information about this report visit https://www.researchandmarkets.com/r/xmkhns
