Solar Power Market 2024-2028
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Incremental Growth2024-2028 (US$bn)

$ 792.5

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2024 Year-over-Year Growth

39.87%

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CAGR (2024-2028)

52.07%

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Report Coverage

Country

Solar Power Market in India Segmentation

Market Segmentation & Scope
Application
Grid-connected Off-grid
End-user
Utility Rooftop

Market Size 2018 - 2028 (US$ Bn)

Market is segmented by Application into Grid-connected, Off-grid

The Grid-connected is expected to be largest growing segment during 2024-2028

Largest Segment - Grid-connected

US$ 248.20 Bn

Solar Power Market in India by Application into Grid-connected; 2018-2028 (US$ Bn)

Grid-connected Market Revenue and Forecast 2018-2028 (US$ Bn)

Grid-connected

  • Grid-connected Market Size and Forecast 2018 to 2028 (US$ Bn)

Solar Power Market in India by Application into Off-grid; 2018-2028 (US$ Bn)

Off-grid Market Revenue and Forecast 2018-2028 (US$ Bn)

Off-grid

  • Off-grid Market Size and Forecast 2018 to 2028 (US$ Bn)

Market is segmented by End-user into Utility, Rooftop

The Utility is expected to be largest growing segment during 2024-2028

Largest Segment - Utility

US$ 218.00 Bn

Solar Power Market in India Size by Segmentation, by End-user (US$ Bn)

End-user 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
Utility 28.20 XX XX XX XX XX XX XX XX XX XX XX
Rooftop XX 7.80 XX XX XX XX XX XX XX XX XX XX

Solar Power Market in India by End-user into Utility; 2018-2028 (US$ Bn)

Utility Market Revenue and Forecast 2018-2028 (US$ Bn)

Utility

  • Utility Market Size and Forecast 2018 to 2028 (US$ Bn)

Solar Power Market in India by End-user into Rooftop; 2018-2028 (US$ Bn)

Rooftop Market Revenue and Forecast 2018-2028 (US$ Bn)

Rooftop

  • Rooftop Market Size and Forecast 2018 to 2028 (US$ Bn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
ABB Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ACME SolarView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Adani GroupView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Azure Power Global Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Canadian Solar Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
GCL System Integration Technology Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Huawei Technologies Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
JA Solar Technology Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Larsen and Toubro Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mahindra and Mahindra Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MVV Energie AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Reliance Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ReNew Energy Global PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Risen Energy Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SMA Solar Technology AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sterling and Wilson Renewable Energy LtdView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sungrow Power Supply Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sunsure EnergyView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Suzlon Energy Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Solar Power Market in India Scope

  1. By Application
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Application, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Application, 2024 to 2028
      1. Grid-connected
      2. Off-grid
    4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Application, 2024 to 2028
  2. By End-user
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By End-user, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By End-user, 2024 to 2028
      1. Utility
      2. Rooftop
    4. Y-o-Y Growth Trend Analysis By End-user, 2018 to 2022
    5. Absolute $ Opportunity Analysis By End-user, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Region, 2024 to 2028

Major Companies

Market companies

Name Profile Employees Headquarters Website
ABB Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ACME SolarView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Adani GroupView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Azure Power Global Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Canadian Solar Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
GCL System Integration Technology Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Huawei Technologies Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
JA Solar Technology Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Larsen and Toubro Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mahindra and Mahindra Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MVV Energie AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Reliance Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ReNew Energy Global PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Risen Energy Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SMA Solar Technology AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sterling and Wilson Renewable Energy LtdView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sungrow Power Supply Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sunsure EnergyView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Suzlon Energy Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
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