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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India S olar Power Equipment MarketForecast & Opportunities , 2020
I n d u s t r y B r i e f
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© TechSci Research
India consumes a large amount of fossil fuels such as coal and crude oil to meet its domestic energy requirements.
Power and transportation sectors are the leading consumers of coal and crude oil in the country. Over the past couple
of decades, consumption of fossil fuels for power generation in India has increased significantly due to increasing
urbanization and industrialization. However, considering future energy requirements and concerns associated with
fossil fuels, India has taken huge strides over the past three years in developing its solar potential by implementing
green growth agenda along with commissioning of solar power plants in the country. Generating energy by tapping
sun’s radiation is expected to help India inch towards ensuring energy security and reduce the country’s greenhouse
gas emissions in the coming years.
According to “India Solar Power Equipment Market Forecast & Opportunities, 2020”, the solar power
equipment market in India is projected to surpass USD4 billion by 2020, wherein solar energy would be generated by
employing photovoltaic (PV) and concentrated solar power (CSP) technologies across the country. Constantly
improving solar equipment technologies, advanced manufacturing processes for production of hi-tech equipment and
anticipated decline in equipment prices is projected to further drive the solar equipment market over the next five
years. Launch of Jawaharlal Nehru National Solar Mission by Government of India in 2010 has been a major initiative
taken to promote sustainable development of the solar energy sector in the country. “India Solar Power
Equipment Market Forecast & Opportunities, 2020” discusses the following aspects of the solar equipment
market in India:
• India Solar Power Equipment’s Market Size, Share & Forecast
• Segmental Analysis (Solar Cells, Solar PV Inverters, Central Inverters, Solar Charge Controllers & Solar Thermal
Collectors)
• Pricing and Import & Export Analysis
• Policy & Regulatory Landscape
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations
R e s e a r c h M e t h o d o l o g y
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© TechSci Research
Baseline Methodology :
For the study, TechSci Research have gathered information through primary research surveys with solar
power equipment companies in India, followed by counter validating the information by analyzing annual
reports of these companies. While compiling the data we have also cross checked all the collected
information from multiple sources and data warehouses, to present the most accurate and precise
information of the concerned industry.
Our team of analysts have then prudently evaluated all the collected information and presented it in
chronological order to depict a meaningful and clear portrait of India Solar Power Equipment Market.
The team has analyzed the outlook of various segments and speculated a positive future for the industry.
This would enable our clients in planning their investment decisions and explore growth opportunities in
India’s solar power equipment market. We have also identified and analyzed all emerging trends, including
the important drivers and challenges that the industry is confronting. We have also presented segmental
shares along with forecasts for the industry. The forecasts are based on our in-depth analysis as well as
current market dynamics, prevalent trends, developments and opportunities.
The team encountered a number of challenges during the span of the project such as extracting data from
the market was difficult, as the information is beheld among leading players in the market.
Sources
MNRE, Company Annual Reports
T a b l e o f C o n t e n t s
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© TechSci Research
1. Research Methodology
2. Product Definition
3. Analyst View
4. India Power Generation Market Outlook
5. India Solar Power Equipment Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Equipment Type
5.2.2. By Region
5.2.3. By Company
6. India Solar Cells Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
7. India Solar PV Inverters Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
8.India Central Inverters Market Outlook
8.1. Market Size & Forecast
T a b l e o f C o n t e n t s
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© TechSci Research
8.1.1. By Value
9. India Solar Charge Controllers Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
10. India Solar Thermal Collector Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
11. Trade Dynamics
12. Pricing Analysis
13. Demand supply Gap Analysis
14. Market Dynamics
14.1. Drivers
14.2. Challenges
15. Trends & Developments
15.1. Transition from Imports to Domestic Manufacturing
15.2. Capacity Additions at Solar Grid-Connected Plants
15.3. Price Reduction to Continue through 2020
15.4. Polycrystalline Silicon Dominates the Market
15.5. RPO’s Performance Continues to be Below Limit
T a b l e o f C o n t e n t s
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© TechSci Research
16. Policy & Regulatory Landscape
16.1. Government Policy and Regulation
16.2. Tax Structure
17. India Economic Profile
18. Competitive Landscape
19. Company Profiles
19.1. Tata Power Solar Systems Limited
19.2. Euro Multivision Ltd.
19.3. Surana Solar Limited
19.4. Central Electronics Limited
19.5. Indosolar Limited
19.6. Websol Energy System Ltd
19.7. Bharat Heavy Electricals Ltd
19.8. XL Energy Ltd.
19.9. Moser Baer Solar Limited
19.10. Waaree Energies Ltd.
20. Strategic Recommendations
21. About Us & Disclaimer
S a m p l e D a t a - S n a p s h o t
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© TechSci Research
100
200
300
400
500
2010 2011 2012 2013 2014
Revenue (USD Million)
Tata Power Solar Financials, 2010 – 2014 (USD Million)
0
600700
800900
2010 2011 2012 2013 2014
Profit After Tax(USD Million)
10
20
30
40
2010 2011 2012 2013 2014
EPS(USD)
2010 2011 2012 2013 2014
Debt - to - equity ratio
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F
Parabolic Trough Parabolic Dish Power Tower
Linear Fresnel Free Plate
India Solar Thermal Collectors Market Share, By Type, By Value, 2011 - 2020F
20%
20%20%
20%
20%
Indosolar
Moser Baer
Tata Power
Solar
Websol
Energy
System
Limited
20.0%
20.0%
20.0%
20.0%
20.0%
India Solar Equipment Market Share, By Company, By Installed Capacity, 2014 & 2020F
North2014 2020F
--------------------X% X%
Northeast
2014 2020F--------------------X% X%
East
2014 2020F--------------------X% X%
West
2014 2020F--------------------X% X%
South
2014 2020F--------------------X%
X%
India Solar Equipment Market Share, By
Region, By Installed Capacity, 2014 & 2020F
© TechSci Research
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Report Name: India Solar Equipment Market Forecast & Opportunities, 2020
A b o u t U s & D i s c l a i m e r
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Disclaimer :
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation ismade that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtainedfrom various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy orcompleteness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such informationand especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with allestimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictlyfor client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.TechSci Research – Europe
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