Jan 6 2011
RNCOS, market research and information analysis company, in its recent report titled, “Indian Solar Energy Market Outlook 2012”, studies the latest trends in the industry by utilizing inputs from the state and central regulatory background of the country.
According to the report, the solar cookers in India will witness a CAGR of 6% in 2010-2013. The report details the rapid growth of solar industry in India and predicts that it will grow more in future. The report mentions the growing demand for solar products in rural areas and mentions that the trend will continue in the future too. The report quotes that the Solar Cookers International has rated India as the foremost country with abundant solar cooking potential. It mentions the various steps taken by the Ministry of New and Renewable Energy in India in popularizing the usage of solar cookers in government organizations, villages, societies, hostels and hotels. The report also discusses various factors that push the growth of solar cooker market in India.
The report also includes analysis on solar lighting systems for home, solar pumps, solar water heating systems, solar power plants and forecasts on the products. The calculations provided in the report are derived on relating the market growth of the previous years with the present growth drivers after including the recession factor on the economy. The report provides a brief on important companies such as Moser Baer India, Solar Semiconductor, TATA BP Solar, CEL, BEL and BHEL. The report is aimed at helping the investors to be familiar with the various drivers of the market and to know about the future trends in the solar power market in India.