Request Free Sample
×
Industry Developments
The India Solar Rooftop Sales Market has seen significant developments recently, marked notably by an increase in installations and investments. As of September 2023, the Ministry of New and Renewable Energy reported that the total installed capacity of rooftop solar systems reached over 10 GW, driven by favorable government schemes and incentives. Companies such as Tata Power and Renew Power have expanded their offerings, focusing on residential and commercial sectors. In terms of mergers and acquisitions, in August 2023, Adani Green Energy acquired a significant stake in a solar project from Azure Power, enhancing its renewable portfolio. Mahindra Susten and Sterling and Wilson have also been active, partnering on various projects to boost capacity. Despite the challenges posed by supply chain disruptions, the market valuation of solar companies like Vikram Solar and Rays Power Experts has shown promising growth, reflecting increased demand for clean energy solutions. Furthermore, the introduction of new policies aimed at reducing carbon emissions is expected to further accelerate the market's expansion in the coming years, with consistent contributions from players such as Wipro Energy and Greenko Energy.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 7.03(USD Billion) |
| MARKET SIZE 2024 | 8.47(USD Billion) |
| MARKET SIZE 2035 | 89.75(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 23.932% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Mahindra Susten, Amplus Solar, Nexera Energy, Adani Green Energy, Renew Power, Wipro Energy, Sterling and Wilson, Rays Power Experts, Greenko Energy, Sungrow Power Supply, Hindustan Aeronautics, Azure Power, Luminous Power Technologies, Tata Power, Vikram Solar |
| SEGMENTS COVERED | Capacity, Connectivity, End User |
| KEY MARKET OPPORTUNITIES | Government incentives and subsidies, Increasing environmental awareness, Rising electricity costs, Technological advancements in solar panels, Expanding urban population density |
| KEY MARKET DYNAMICS | Government incentives and subsidies, Growing electricity costs, Increasing environmental awareness, Technological advancements in solar panels, Rising demand for renewable energy |
| COUNTRIES COVERED | India |
Leave a Comment
FAQs
What is the expected market size of the India Solar Rooftop Sales Market in 2024?
The India Solar Rooftop Sales Market is expected to be valued at 8.47 USD Billion in 2024.
What will be the projected market size of the India Solar Rooftop Sales Market by 2035?
By 2035, the market is projected to reach a value of 89.75 USD Billion.
What is the expected CAGR for the India Solar Rooftop Sales Market from 2025 to 2035?
The market is expected to grow at a CAGR of 23.932% during the period from 2025 to 2035.
What are the major segments of capacity in the India Solar Rooftop Sales Market?
The market is segmented by capacity into sub-segments of <10 kW, 11 kW-100 kW, and >100 kW.
What is the market value for solar rooftops under the capacity segment of <10 kW in 2024?
In 2024, the market value for solar rooftops under the <10 kW capacity segment is estimated at 2.55 USD Billion.
How much is the market value for the 11 kW-100 kW capacity segment expected to reach by 2035?
The market value for the 11 kW-100 kW capacity segment is expected to reach 35.88 USD Billion by 2035.
Which companies are key players in the India Solar Rooftop Sales Market?
Major players in the market include Mahindra Susten, Amplus Solar, Nexera Energy, Adani Green Energy, and Renew Power among others.
What is the expected market value for solar rooftop systems with a capacity of >100 kW in 2024?
The market value for solar rooftop systems with a capacity of >100 kW is projected at 2.72 USD Billion in 2024.
What will be the market value for the <10 kW segment by 2035?
The market value for the <10 kW segment is expected to rise to 28.39 USD Billion by 2035.
What opportunities are driving the growth of the India Solar Rooftop Sales Market?
Increasing demand for renewable energy and government incentives are key drivers propelling market growth.
Download Free Sample
Kindly complete the form below to receive a free sample of this Report
Customer Stories
“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”
Noah Malgeri
Co-Founder
“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”
Joseph Aguayo
Sales Operations & Pricing Manager
“Thanks for sending the report it gives us a good global view of the Betaïne market.”
Peter Groot koerkamp
Account and Business Manager
“Thank you, this will be very helpful for OQS.”
La Terria Dodd
Program Support Specialist
“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”
Younghwan Choi
Senior Retail Manager
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
Mark Irwin
Management Consultant
“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA
“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”
Akif Moroglu
Strategy & Business Development Director
Case Study
Aerospace & Defense