Indian Solar Electric System and Inverter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The Indian solar electric system and inverter market size reached 66.3 GW in 2022. Looking forward, IMARC Group expects the market to reach 282.1 GW by 2028, exhibiting a growth rate (CAGR) of 25.6% during 2023-2028.
A solar panel refers to a collection of solar cells which is employed to generate electricity using sunlight as the energy source. A solar inverter, on the other hand, is a device which helps in converting the direct current produced by the solar panels into alternating current. This current is then supplied to either storage batteries, power grids or houses for operating various appliances. Several efforts are being made by the Government of India to harness renewable sources, such as wind, solar, geothermal, etc. for energy production due to their easy availability. Amongst these, solar power is amongst the fastest developing segment, owing to the suitable geographical location of India which offers an ample supply of sunlight throughout the year.
Indian Solar Electric System and Inverter Market Trends:
The Indian government is encouraging the use of renewable sources of energy like solar, wind, etc. so as to decrease the dependency on non-renewable sources and reduce their carbon footprint. As a result, the Government has undertaken several initiatives including the Solar Rooftop Scheme, Jawaharlal Nehru National Solar Mission and Solar Energy Subsidy Scheme which are catalyzing the demand for solar power systems in the region.
Solar power systems are currently available in various forms such as off-grid solar power system, grid inter-tied solar power system with battery backup, and grid inter-tied solar power system without battery backup. According to their requirements, the consumers can easily choose from these varieties and install the system in their houses or office buildings.
Due to its location between the Tropic of Cancer and the Equator, India has an average annual temperature that ranges from 25 degree Celsius to 27 degree Celsius. Owing to this, the country has a huge potential for solar power generation. As per government estimations, India receives solar radiation of about 5,000tn kWh per year. This, coupled with the availability of barren land, increases the feasibility of solar energy systems in the country.
Although, the initial cost for setting up a solar power system is very high, the maintenance cost associated with solar products is relatively low. Moreover, there is no professional operator required to run the system, unlike the conventional power system.
Decreasing prices of equipment used for solar panel manufacturing has significantly reduced the overall cost of solar PV panels, enabling solar power companies to expand their capacities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Indian solar electric system and inverter market report, along with forecasts at the country and state levels from 2023-2028. Our report has categorized the market based on technology type, installation type and inverter type.
Solar Electric System Market
Breakup by Technology Type:
Crystalline Silicon
Thin Films
On the basis of technology type, the market has been segmented into crystalline silicon and thin films. Amongst these, crystalline silicon (c-Si) represents the bigger segment.
Breakup by Installation Type:
Ground Mounted
Rooftop
Based on the installation type, ground mounted solar panels exhibit a clear dominance, accounting for the majority of the total market. This can be attributed to their advantages, such as easy installation, productivity and easy accessibility for cleaning and maintenance.
Regional Insights:
Telangana
Rajasthan
Andhra Pradesh
Tamil Nadu
Karnataka
Gujarat
Others
Region-wise, the market has been divided into Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, Karnataka, Gujarat and others. Amongst these, Telangana holds the largest market share owing to several initiatives by the State Government under the ‘Telangana Solar Power Policy 2015’.
Solar Inverter Market
Breakup by Inverter Type:
Central Inverter
String Inverter
Others
On the basis of inverter type, central inverters represent the biggest segment, holding the largest market share. This can be attributed to the advantages offered by these inverters like high efficiency, low cost, credibility and easy installation.
Regional Insights:
Telangana
Tamil Nadu
Rajasthan
Andhra Pradesh
Gujarat
Karnataka
Others
On a geographical front, Telangana represents the leading market for solar power inverters. Upcoming construction of floating solar power plants in Himayathsagar and Osmansagar are expected to propel the growth of the market.
Competitive Landscape:
Solar Panel
Vikram Solar Pvt Ltd
Waree Solar Energy Pvt Ltd
Adani Enterprises Ltd
Goldi Green Technologies Pvt Ltd
Tata Power Solar Systems Ltd
Moser Baer Solar Ltd
XL Energy Ltd
Solar Semiconductor Pvt Ltd
Emmvee Photovoltaics Pvt Ltd
Navitas Green Solutions Pvt Ltd
Solar Inverter
ABB
TMEIC
SMA
Hitachi
Sungrow Power Supply Co., LTD.
Huawei
Schneider Electric
This report provides a deep insight into the Indian solar electric system and solar inverter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the solar electric system and solar inverter industry in any manner.
Key Questions Answered in This Report
1. What was the size of the Indian solar electric system and inverter market in 2022?
2. What is the expected growth rate of the Indian solar electric system and inverter market during 2023-2028?
3. What are the key factors driving the Indian solar electric system and inverter market?
4. What has been the impact of COVID-19 on the Indian solar electric system and inverter market?
5. What is the breakup of the Indian solar electric system market based on the technology type?
6. What is the breakup of the Indian solar electric system market based on the installation type?
7. What is the breakup of the Indian solar inverter market based on the inverter type?
8. What are the key regions in the Indian solar electric system and inverter market?
The Indian solar electric system and inverter market size reached 66.3 GW in 2022. Looking forward, IMARC Group expects the market to reach 282.1 GW by 2028, exhibiting a growth rate (CAGR) of 25.6% during 2023-2028.
A solar panel refers to a collection of solar cells which is employed to generate electricity using sunlight as the energy source. A solar inverter, on the other hand, is a device which helps in converting the direct current produced by the solar panels into alternating current. This current is then supplied to either storage batteries, power grids or houses for operating various appliances. Several efforts are being made by the Government of India to harness renewable sources, such as wind, solar, geothermal, etc. for energy production due to their easy availability. Amongst these, solar power is amongst the fastest developing segment, owing to the suitable geographical location of India which offers an ample supply of sunlight throughout the year.
Indian Solar Electric System and Inverter Market Trends:
The Indian government is encouraging the use of renewable sources of energy like solar, wind, etc. so as to decrease the dependency on non-renewable sources and reduce their carbon footprint. As a result, the Government has undertaken several initiatives including the Solar Rooftop Scheme, Jawaharlal Nehru National Solar Mission and Solar Energy Subsidy Scheme which are catalyzing the demand for solar power systems in the region.
Solar power systems are currently available in various forms such as off-grid solar power system, grid inter-tied solar power system with battery backup, and grid inter-tied solar power system without battery backup. According to their requirements, the consumers can easily choose from these varieties and install the system in their houses or office buildings.
Due to its location between the Tropic of Cancer and the Equator, India has an average annual temperature that ranges from 25 degree Celsius to 27 degree Celsius. Owing to this, the country has a huge potential for solar power generation. As per government estimations, India receives solar radiation of about 5,000tn kWh per year. This, coupled with the availability of barren land, increases the feasibility of solar energy systems in the country.
Although, the initial cost for setting up a solar power system is very high, the maintenance cost associated with solar products is relatively low. Moreover, there is no professional operator required to run the system, unlike the conventional power system.
Decreasing prices of equipment used for solar panel manufacturing has significantly reduced the overall cost of solar PV panels, enabling solar power companies to expand their capacities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Indian solar electric system and inverter market report, along with forecasts at the country and state levels from 2023-2028. Our report has categorized the market based on technology type, installation type and inverter type.
Solar Electric System Market
Breakup by Technology Type:
Crystalline Silicon
Thin Films
On the basis of technology type, the market has been segmented into crystalline silicon and thin films. Amongst these, crystalline silicon (c-Si) represents the bigger segment.
Breakup by Installation Type:
Ground Mounted
Rooftop
Based on the installation type, ground mounted solar panels exhibit a clear dominance, accounting for the majority of the total market. This can be attributed to their advantages, such as easy installation, productivity and easy accessibility for cleaning and maintenance.
Regional Insights:
Telangana
Rajasthan
Andhra Pradesh
Tamil Nadu
Karnataka
Gujarat
Others
Region-wise, the market has been divided into Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, Karnataka, Gujarat and others. Amongst these, Telangana holds the largest market share owing to several initiatives by the State Government under the ‘Telangana Solar Power Policy 2015’.
Solar Inverter Market
Breakup by Inverter Type:
Central Inverter
String Inverter
Others
On the basis of inverter type, central inverters represent the biggest segment, holding the largest market share. This can be attributed to the advantages offered by these inverters like high efficiency, low cost, credibility and easy installation.
Regional Insights:
Telangana
Tamil Nadu
Rajasthan
Andhra Pradesh
Gujarat
Karnataka
Others
On a geographical front, Telangana represents the leading market for solar power inverters. Upcoming construction of floating solar power plants in Himayathsagar and Osmansagar are expected to propel the growth of the market.
Competitive Landscape:
Solar Panel
Vikram Solar Pvt Ltd
Waree Solar Energy Pvt Ltd
Adani Enterprises Ltd
Goldi Green Technologies Pvt Ltd
Tata Power Solar Systems Ltd
Moser Baer Solar Ltd
XL Energy Ltd
Solar Semiconductor Pvt Ltd
Emmvee Photovoltaics Pvt Ltd
Navitas Green Solutions Pvt Ltd
Solar Inverter
ABB
TMEIC
SMA
Hitachi
Sungrow Power Supply Co., LTD.
Huawei
Schneider Electric
This report provides a deep insight into the Indian solar electric system and solar inverter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the solar electric system and solar inverter industry in any manner.
Key Questions Answered in This Report
1. What was the size of the Indian solar electric system and inverter market in 2022?
2. What is the expected growth rate of the Indian solar electric system and inverter market during 2023-2028?
3. What are the key factors driving the Indian solar electric system and inverter market?
4. What has been the impact of COVID-19 on the Indian solar electric system and inverter market?
5. What is the breakup of the Indian solar electric system market based on the technology type?
6. What is the breakup of the Indian solar electric system market based on the installation type?
7. What is the breakup of the Indian solar inverter market based on the inverter type?
8. What are the key regions in the Indian solar electric system and inverter market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
2.6Study Assumptions
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL SOLAR ELECTRIC SYSTEM INDUSTRY
5.1Market Overview
5.2Market Performance
5.3Market Breakup by Technology Type
5.4Market Breakup by Installation Type
5.5Market Breakup by Region
5.6Market Forecast
6 GLOBAL SOLAR INVERTER INDUSTRY
6.1Market Overview
6.2Market Performance
6.3Market Breakup by Inverter Type
6.4Market Breakup by Region
6.5Market Forecast
7 INDIAN SOLAR ELECTRIC SYSTEM MARKET
7.1Market Overview
7.2Market Performance
7.3Impact of COVID-19
7.4Market Breakup by Technology Type
7.4.1Crystalline Silicon
7.4.1.1 Market Trends
7.4.1.2 Market Forecast
7.4.2Thin Films
7.4.2.1 Market Trends
7.4.2.2 Market Forecast
7.5Market Breakup by Installation Type
7.5.1Ground Mounted
7.5.1.1 Market Trends
7.5.1.2 Market Forecast
7.5.2Rooftop
7.5.2.1 Market Trends
7.5.2.2 Market Forecast
7.6Market Breakup by Region
7.6.1Telangana
7.6.1.1 Market Trends
7.6.1.2 Market Forecast
7.6.2Rajasthan
7.6.2.1 Market Trends
7.6.2.2 Market Forecast
7.6.3Andhra Pradesh
7.6.3.1 Market Trends
7.6.3.2 Market Forecast
7.6.4Tamil Nadu
7.6.4.1 Market Trends
7.6.4.2 Market Forecast
7.6.5Karnataka
7.6.5.1 Market Trends
7.6.5.2 Market Forecast
7.6.6Gujarat
7.6.6.1 Market Trends
7.6.6.2 Market Forecast
7.6.7Others
7.6.7.1 Market Trends
7.6.7.2 Market Forecast
7.7Market Forecast
7.8Key Market Drivers and Success Factors
8 INDIAN SOLAR INVERTER MARKET
8.1Market Overview
8.2Market Performance
8.3Impact of COVID-19
8.4Market Breakup by Inverter Type
8.4.1Central Inverter
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2String Inverter
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Market Breakup by Region
8.5.1Telangana
8.5.1.1 Market Trends
8.5.1.2 Market Forecast
8.5.2Tamil Nadu
8.5.2.1 Market Trends
8.5.2.2 Market Forecast
8.5.3Rajasthan
8.5.3.1 Market Trends
8.5.3.2 Market Forecast
8.5.4Andhra Pradesh
8.5.4.1 Market Trends
8.5.4.2 Market Forecast
8.5.5Gujarat
8.5.5.1 Market Trends
8.5.5.2 Market Forecast
8.5.6 Karnataka
8.5.6.1 Market Trends
8.5.6.2 Market Forecast
8.5.7Others
8.5.7.1 Market Trends
8.5.7.2 Market Forecast
8.6Market Forecast
9 SWOT ANALYSIS
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 VALUE CHAIN ANALYSIS
11 PORTER’S FIVE FORCES ANALYSIS
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Rivalry
11.5Threat of New Entrants
11.6Threat of Substitutes
12 MANUFACTURING PROCESS
12.1Solar Panel Manufacturing Process
12.1.1Product Overview
12.1.2Detailed Process Flow
12.1.3Various Types of Unit Operations Involved
12.1.4Mass Balance and Raw Material Requirements
12.2Solar Inverter Manufacturing Process
12.2.1Product Overview
12.2.2Detailed Process Flow
12.2.3Various Types of Unit Operations Involved
12.2.4Mass Balance and Raw Material Requirements
13 GOVERNMENT INITIATIVES
13.1Jawaharlal Nehru National Solar Mission
13.2Solar Rooftop Subsidy Scheme Yojana
13.3Solar Park Scheme
13.4VGF (Viability Gap Funding) Scheme
13.5Solar Energy Subsidy Scheme
13.6UDAY Scheme
14 COMPETITIVE LANDSCAPE
14.1Competitive Structure
14.2Key Players
15 PROFILE OF KEY PLAYERS
15.1Solar Inverter Key Players
15.1.1ABB
15.1.2TMEIC
15.1.3SMA
15.1.4Hitachi
15.1.5Sungrow Power Supply Co., LTD.
15.1.6Huawei
15.1.7Schneider Electric
15.2Solar Panel Key Players
15.2.1Vikram Solar Pvt Ltd
15.2.2Waree Solar Energy Pvt Ltd
15.2.3Adani Enterprises Ltd
15.2.4Goldi Green Technologies Pvt Ltd
15.2.5Tata Power Solar Systems Ltd
15.2.6Moser Baer Solar Ltd
15.2.7XL Energy Ltd
15.2.8Solar Semiconductor Pvt Ltd
15.2.9Emmvee Photovoltaics Pvt Ltd
15.2.10 Navitas Green Solutions Pvt Ltd
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
2.6Study Assumptions
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL SOLAR ELECTRIC SYSTEM INDUSTRY
5.1Market Overview
5.2Market Performance
5.3Market Breakup by Technology Type
5.4Market Breakup by Installation Type
5.5Market Breakup by Region
5.6Market Forecast
6 GLOBAL SOLAR INVERTER INDUSTRY
6.1Market Overview
6.2Market Performance
6.3Market Breakup by Inverter Type
6.4Market Breakup by Region
6.5Market Forecast
7 INDIAN SOLAR ELECTRIC SYSTEM MARKET
7.1Market Overview
7.2Market Performance
7.3Impact of COVID-19
7.4Market Breakup by Technology Type
7.4.1Crystalline Silicon
7.4.1.1 Market Trends
7.4.1.2 Market Forecast
7.4.2Thin Films
7.4.2.1 Market Trends
7.4.2.2 Market Forecast
7.5Market Breakup by Installation Type
7.5.1Ground Mounted
7.5.1.1 Market Trends
7.5.1.2 Market Forecast
7.5.2Rooftop
7.5.2.1 Market Trends
7.5.2.2 Market Forecast
7.6Market Breakup by Region
7.6.1Telangana
7.6.1.1 Market Trends
7.6.1.2 Market Forecast
7.6.2Rajasthan
7.6.2.1 Market Trends
7.6.2.2 Market Forecast
7.6.3Andhra Pradesh
7.6.3.1 Market Trends
7.6.3.2 Market Forecast
7.6.4Tamil Nadu
7.6.4.1 Market Trends
7.6.4.2 Market Forecast
7.6.5Karnataka
7.6.5.1 Market Trends
7.6.5.2 Market Forecast
7.6.6Gujarat
7.6.6.1 Market Trends
7.6.6.2 Market Forecast
7.6.7Others
7.6.7.1 Market Trends
7.6.7.2 Market Forecast
7.7Market Forecast
7.8Key Market Drivers and Success Factors
8 INDIAN SOLAR INVERTER MARKET
8.1Market Overview
8.2Market Performance
8.3Impact of COVID-19
8.4Market Breakup by Inverter Type
8.4.1Central Inverter
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2String Inverter
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Market Breakup by Region
8.5.1Telangana
8.5.1.1 Market Trends
8.5.1.2 Market Forecast
8.5.2Tamil Nadu
8.5.2.1 Market Trends
8.5.2.2 Market Forecast
8.5.3Rajasthan
8.5.3.1 Market Trends
8.5.3.2 Market Forecast
8.5.4Andhra Pradesh
8.5.4.1 Market Trends
8.5.4.2 Market Forecast
8.5.5Gujarat
8.5.5.1 Market Trends
8.5.5.2 Market Forecast
8.5.6 Karnataka
8.5.6.1 Market Trends
8.5.6.2 Market Forecast
8.5.7Others
8.5.7.1 Market Trends
8.5.7.2 Market Forecast
8.6Market Forecast
9 SWOT ANALYSIS
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 VALUE CHAIN ANALYSIS
11 PORTER’S FIVE FORCES ANALYSIS
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Rivalry
11.5Threat of New Entrants
11.6Threat of Substitutes
12 MANUFACTURING PROCESS
12.1Solar Panel Manufacturing Process
12.1.1Product Overview
12.1.2Detailed Process Flow
12.1.3Various Types of Unit Operations Involved
12.1.4Mass Balance and Raw Material Requirements
12.2Solar Inverter Manufacturing Process
12.2.1Product Overview
12.2.2Detailed Process Flow
12.2.3Various Types of Unit Operations Involved
12.2.4Mass Balance and Raw Material Requirements
13 GOVERNMENT INITIATIVES
13.1Jawaharlal Nehru National Solar Mission
13.2Solar Rooftop Subsidy Scheme Yojana
13.3Solar Park Scheme
13.4VGF (Viability Gap Funding) Scheme
13.5Solar Energy Subsidy Scheme
13.6UDAY Scheme
14 COMPETITIVE LANDSCAPE
14.1Competitive Structure
14.2Key Players
15 PROFILE OF KEY PLAYERS
15.1Solar Inverter Key Players
15.1.1ABB
15.1.2TMEIC
15.1.3SMA
15.1.4Hitachi
15.1.5Sungrow Power Supply Co., LTD.
15.1.6Huawei
15.1.7Schneider Electric
15.2Solar Panel Key Players
15.2.1Vikram Solar Pvt Ltd
15.2.2Waree Solar Energy Pvt Ltd
15.2.3Adani Enterprises Ltd
15.2.4Goldi Green Technologies Pvt Ltd
15.2.5Tata Power Solar Systems Ltd
15.2.6Moser Baer Solar Ltd
15.2.7XL Energy Ltd
15.2.8Solar Semiconductor Pvt Ltd
15.2.9Emmvee Photovoltaics Pvt Ltd
15.2.10 Navitas Green Solutions Pvt Ltd
LIST OF TABLES
Table 1: Global: Solar Electric System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Solar Inverter Market: Key Industry Highlights, 2022 and 2028
Table 3: India: Solar Electric System Market: Key Industry Highlights, 2022 and 2028
Table 4: India: Solar Electric System Market Forecast: Breakup by Technology (in MW), 2023-2028
Table 5: India: Solar Electric System Market Forecast: Breakup by Installation Type (in MW), 2023-2028
Table 6: India: Solar Electric System Market Forecast: Breakup by Region (in MW), 2023-2028
Table 7: India: Solar Inverter Market: Key Industry Highlights, 2022 and 2028
Table 8: India: Solar Inverter Market Forecast: Breakup by Inverter Type (in MW), 2023-2028
Table 9: India: Solar Inverter Market Forecast: Breakup by Region (in MW), 2023-2028
Table 10: India: JNNSM Capacity Addition Target
Table 11: India: Solar Electric System and Inverter Industry: Market Structure
Table 12: India: Solar Inverter Market: Major Players
Table 1: Global: Solar Electric System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Solar Inverter Market: Key Industry Highlights, 2022 and 2028
Table 3: India: Solar Electric System Market: Key Industry Highlights, 2022 and 2028
Table 4: India: Solar Electric System Market Forecast: Breakup by Technology (in MW), 2023-2028
Table 5: India: Solar Electric System Market Forecast: Breakup by Installation Type (in MW), 2023-2028
Table 6: India: Solar Electric System Market Forecast: Breakup by Region (in MW), 2023-2028
Table 7: India: Solar Inverter Market: Key Industry Highlights, 2022 and 2028
Table 8: India: Solar Inverter Market Forecast: Breakup by Inverter Type (in MW), 2023-2028
Table 9: India: Solar Inverter Market Forecast: Breakup by Region (in MW), 2023-2028
Table 10: India: JNNSM Capacity Addition Target
Table 11: India: Solar Electric System and Inverter Industry: Market Structure
Table 12: India: Solar Inverter Market: Major Players
LIST OF FIGURES
Figure 1: India: Solar Electric System and Inverter Market: Major Drivers and Challenges
Figure 2: Global: Solar Electric System Market: Volume Trends (in GW), 2017-2022
Figure 3: Global: Solar Electric System Market: Breakup by Technology Type (in %), 2022
Figure 4: Global: Solar Electric System Market: Breakup by Installation Type (in %), 2022
Figure 5: Global: Solar Electric System Market: Breakup by Region (in %), 2022
Figure 6: Global: Solar Electric System Market Forecast: Volume Trends (in GW), 2023-2028
Figure 7: Global: Solar Inverter Market: Volume Trends (in GW), 2017-2022
Figure 8: Global: Solar Inverter Market: Breakup by Inverter Type (in %), 2022
Figure 9: Global: Solar Inverter Market: Breakup by Region (in %), 2022
Figure 10: Global: Solar Inverter Market Forecast: Volume Trends (in GW), 2023-2028
Figure 11: India: Solar Electric System Market: Volume Trends (in GW), 2017-2022
Figure 12: India: Solar Electric System Market: Breakup by Technology Type (in %), 2022
Figure 13: India: Solar Electric System Market: Crystalline Silicon (in MW), 2017 & 2022
Figure 14: India: Solar Electric System Market Forecast: Crystalline Silicon (in MW), 2023-2028
Figure 15: India: Solar Electric System Market: Thin Films (in MW), 2017 & 2022
Figure 16: India: Solar Electric System Market Forecast: Thin Films (in MW), 2023-2028
Figure 17: India: Solar Electric System Market: Breakup by Installation Type (in %), 2022
Figure 18: India: Solar Electric System Market: Ground Mounted (in MW), 2017 & 2022
Figure 19: India: Solar Electric System Market Forecast: Ground Mounted (in MW), 2023-2028
Figure 20: India: Solar Electric System Market: Rooftop (in MW), 2017 & 2022
Figure 21: India: Solar Electric System Market Forecast: Rooftop (in MW), 2023-2028
Figure 22: India: Solar Electric System Market: Breakup by Region (in %), 2022
Figure 23: Telangana: Solar Electric System Market (in MW), 2017 & 2022
Figure 24: Telangana: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 25: Rajasthan: Solar Electric System Market (in MW), 2017 & 2022
Figure 26: Rajasthan: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 27: Andhra Pradesh: Solar Electric System Market (in MW), 2017 & 2022
Figure 28: Andhra Pradesh: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 29: Tamil Nadu: Solar Electric System Market (in MW), 2017 & 2022
Figure 30: Tamil Nadu: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 31: Karnataka: Solar Electric System Market (in MW), 2017 & 2022
Figure 32: Karnataka: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 33: Gujarat: Solar Electric System Market (in MW), 2017 & 2022
Figure 34: Gujarat: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 35: Others: Solar Electric System Market (in MW), 2017 & 2022
Figure 36: Others: Solar Electric System Market Forecast Trends (in MW), 2023-2028
Figure 37: India: Solar Electric System Market Forecast: Volume Trends (in GW), 2023-2028
Figure 38: India: Solar Inverter Market: Volume Trends (in GW), 2017-2022
Figure 39: India: Solar Inverter Market: Breakup by Inverter Type (in %), 2022
Figure 40: India: Solar Inverter Market: Central Inverter (in MW), 2017 & 2022
Figure 41: India: Solar Inverter Market Forecast: Central Inverter (in MW), 2023-2028
Figure 42: India: Solar Inverter Market: String Inverter (in MW), 2017 & 2022
Figure 43: India: Solar Inverter Market Forecast: String Inverter (in MW), 2023-2028
Figure 44: India: Solar Inverter Market: Others (in MW), 2017 & 2022
Figure 45: India: Solar Inverter Market Forecast: Others (in MW), 2023-2028
Figure 46: India: Solar Inverter Market: Breakup by Region (in %), 2022
Figure 47: Telangana: Solar Inverter Market (in MW), 2017 & 2022
Figure 48: Telangana: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 49: Tamil Nadu: Solar Inverter Market (in MW), 2017 & 2022
Figure 50: Tamil Nadu: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 51: Rajasthan: Solar Inverter Market (in MW), 2017 & 2022
Figure 52: Rajasthan: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 53: Andhra Pradesh: Solar Inverter Market (in MW), 2017 & 2022
Figure 54: Andhra Pradesh: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 55: Gujarat: Solar Inverter Market (in MW), 2017 & 2022
Figure 56: Gujarat: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 57: Karnataka: Solar Inverter Market (in MW), 2017 & 2022
Figure 58: Karnataka: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 59: Others: Solar Inverter Market (in MW), 2017 & 2022
Figure 60: Others: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 61: India: Solar Inverter Market Forecast: Volume Trends (in GW), 2023-2028
Figure 62: India: Solar Electric System and Inverter Industry: SWOT Analysis
Figure 63: India: Solar Electric System and Inverter Industry: Value Chain Analysis
Figure 64: India: Solar Electric System and Inverter Industry: Porter’s Five Forces Analysis
Figure 65: Solar Panel Manufacturing: Detailed Process Flow
Figure 66: Solar Panel Manufacturing: Conversion Rates of Feedstocks
Figure 67: Solar Inverter Manufacturing: Detailed Process Flow
Figure 68: Solar Inverter Manufacturing: Conversion Rates of Feedstocks
Figure 1: India: Solar Electric System and Inverter Market: Major Drivers and Challenges
Figure 2: Global: Solar Electric System Market: Volume Trends (in GW), 2017-2022
Figure 3: Global: Solar Electric System Market: Breakup by Technology Type (in %), 2022
Figure 4: Global: Solar Electric System Market: Breakup by Installation Type (in %), 2022
Figure 5: Global: Solar Electric System Market: Breakup by Region (in %), 2022
Figure 6: Global: Solar Electric System Market Forecast: Volume Trends (in GW), 2023-2028
Figure 7: Global: Solar Inverter Market: Volume Trends (in GW), 2017-2022
Figure 8: Global: Solar Inverter Market: Breakup by Inverter Type (in %), 2022
Figure 9: Global: Solar Inverter Market: Breakup by Region (in %), 2022
Figure 10: Global: Solar Inverter Market Forecast: Volume Trends (in GW), 2023-2028
Figure 11: India: Solar Electric System Market: Volume Trends (in GW), 2017-2022
Figure 12: India: Solar Electric System Market: Breakup by Technology Type (in %), 2022
Figure 13: India: Solar Electric System Market: Crystalline Silicon (in MW), 2017 & 2022
Figure 14: India: Solar Electric System Market Forecast: Crystalline Silicon (in MW), 2023-2028
Figure 15: India: Solar Electric System Market: Thin Films (in MW), 2017 & 2022
Figure 16: India: Solar Electric System Market Forecast: Thin Films (in MW), 2023-2028
Figure 17: India: Solar Electric System Market: Breakup by Installation Type (in %), 2022
Figure 18: India: Solar Electric System Market: Ground Mounted (in MW), 2017 & 2022
Figure 19: India: Solar Electric System Market Forecast: Ground Mounted (in MW), 2023-2028
Figure 20: India: Solar Electric System Market: Rooftop (in MW), 2017 & 2022
Figure 21: India: Solar Electric System Market Forecast: Rooftop (in MW), 2023-2028
Figure 22: India: Solar Electric System Market: Breakup by Region (in %), 2022
Figure 23: Telangana: Solar Electric System Market (in MW), 2017 & 2022
Figure 24: Telangana: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 25: Rajasthan: Solar Electric System Market (in MW), 2017 & 2022
Figure 26: Rajasthan: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 27: Andhra Pradesh: Solar Electric System Market (in MW), 2017 & 2022
Figure 28: Andhra Pradesh: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 29: Tamil Nadu: Solar Electric System Market (in MW), 2017 & 2022
Figure 30: Tamil Nadu: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 31: Karnataka: Solar Electric System Market (in MW), 2017 & 2022
Figure 32: Karnataka: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 33: Gujarat: Solar Electric System Market (in MW), 2017 & 2022
Figure 34: Gujarat: Solar Electric System Market Forecast (in MW), 2023-2028
Figure 35: Others: Solar Electric System Market (in MW), 2017 & 2022
Figure 36: Others: Solar Electric System Market Forecast Trends (in MW), 2023-2028
Figure 37: India: Solar Electric System Market Forecast: Volume Trends (in GW), 2023-2028
Figure 38: India: Solar Inverter Market: Volume Trends (in GW), 2017-2022
Figure 39: India: Solar Inverter Market: Breakup by Inverter Type (in %), 2022
Figure 40: India: Solar Inverter Market: Central Inverter (in MW), 2017 & 2022
Figure 41: India: Solar Inverter Market Forecast: Central Inverter (in MW), 2023-2028
Figure 42: India: Solar Inverter Market: String Inverter (in MW), 2017 & 2022
Figure 43: India: Solar Inverter Market Forecast: String Inverter (in MW), 2023-2028
Figure 44: India: Solar Inverter Market: Others (in MW), 2017 & 2022
Figure 45: India: Solar Inverter Market Forecast: Others (in MW), 2023-2028
Figure 46: India: Solar Inverter Market: Breakup by Region (in %), 2022
Figure 47: Telangana: Solar Inverter Market (in MW), 2017 & 2022
Figure 48: Telangana: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 49: Tamil Nadu: Solar Inverter Market (in MW), 2017 & 2022
Figure 50: Tamil Nadu: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 51: Rajasthan: Solar Inverter Market (in MW), 2017 & 2022
Figure 52: Rajasthan: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 53: Andhra Pradesh: Solar Inverter Market (in MW), 2017 & 2022
Figure 54: Andhra Pradesh: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 55: Gujarat: Solar Inverter Market (in MW), 2017 & 2022
Figure 56: Gujarat: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 57: Karnataka: Solar Inverter Market (in MW), 2017 & 2022
Figure 58: Karnataka: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 59: Others: Solar Inverter Market (in MW), 2017 & 2022
Figure 60: Others: Solar Inverter Market Forecast (in MW), 2023-2028
Figure 61: India: Solar Inverter Market Forecast: Volume Trends (in GW), 2023-2028
Figure 62: India: Solar Electric System and Inverter Industry: SWOT Analysis
Figure 63: India: Solar Electric System and Inverter Industry: Value Chain Analysis
Figure 64: India: Solar Electric System and Inverter Industry: Porter’s Five Forces Analysis
Figure 65: Solar Panel Manufacturing: Detailed Process Flow
Figure 66: Solar Panel Manufacturing: Conversion Rates of Feedstocks
Figure 67: Solar Inverter Manufacturing: Detailed Process Flow
Figure 68: Solar Inverter Manufacturing: Conversion Rates of Feedstocks
