NEW YORK, June 30, 2022 /PRNewswire/ — The Solar Power Market is segmented in India by end-user (utility and rooftop) and application (grid-connected and off-grid). The market share growth in India by the utility segment will be significant during the forecast period. A utility-scale solar power plant has been producing clean and dependable energy over the last few decades. It gives the benefit of fixed electricity prices when the prices of electricity generated from fossil fuels are high during peak demand periods. It can also be stored in energy storage systems for using it when there is no sunlight. These factors will drive the adoption of utility-scale solar power in the country. Moreover, the Solar Power Market in India Share is expected to increase by USD 240.42 billion from 2021 to 2026- according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Technavio has announced its latest market research report titled Solar Power Market in India by End-user and Application – Forecast and Analysis 2022-2026
For more additional information about the Solar Power Market in India with market contribution of various segments – Download Sample Report
Vendor Insights-
The solar power market in India report offers information on several market vendors, including ABB Ltd., ACME Solar, Adani Enterprises Ltd., Azure Power, Canadian Solar Inc., GCL System Integration Technology Co. Ltd., Huawei Investment and Holding Co. Ltd., JA Solar Technology Co. Ltd., juwi AG, and Sterling and Wilson Solar Ltd. among others. Moreover, the market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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ABB Ltd.- The company offers solar power services that provides electrical power which includes energy production, power transmission, transportation, process automation and pollution control, under the brand name of ABB Ltd.
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Canadian Solar Inc.- The company offers solar power services that provides solar photovoltaic modules, battery storage solutions, solar lighting, portable solar, solar transportation and many more, under the brand name of Canadian Solar Inc.
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GCL System Integration Technology Co. Ltd.- The company offers solar power services that includes pv modules, energy systems, solar air conditioning, solar balloon, solar charger, solar backpack, solar cell phone charger, solar chimney, solar-powered waste compacting bin, …….
Source: https://finance.yahoo.com/news/solar-power-market-india-37-002000316.html