RNCOS, a market research and information analysis company, has announced the availability of a new research report titled “Indian Solar Energy Market Analysis”. The report offers a complete analysis on the solar power industry in India.
It examines the prevailing trends by concentrating on the present regulatory changes both in the state and central level. It provides important inputs for customers who look forward to invest in the Indian solar markets and assist them in preparing their market strategies.
Government support, huge population and good geographical locations are favorable factors for the growth of solar industry in the region. The report also mentions that nearly 45% of the Indian homes are yet to be covered by electric supply and solar energy can play a vital role to meet the growing power requirement of the country.
The research report identifies that India has the potential to lead the solar PV usage and production in the coming years due to its growing power needs, reliance on coal for power production and import of oil and gas. The report indicates that the country enjoys maximum solar irradiation for around 300 days annually, thus making solar power production a lucrative business opportunity. It is anticipated that the country will achieve 900 MW by 2013 at a CAGR of 44% between 2010 and 2013.
The report also provides details about the support extended by states such as Rajasthan and Gujarat with clear and liberal regulatory frameworks to enhance the solar market. Other states such as Chandigarh, Maharashtra, West Bengal and Delhi are also encouraging the use of solar energy in semi-urban, urban and rural areas.