Noida, India (PressExposure) March 13, 2011 -- According to our recent report "Indian Solar Energy Market Outlook 2012", the solar energy installations in India have been growing at a phenomenal pace for the last few years. Solar energy has emerged as one of the most viable and commercially profitable segment in overall renewable energy space. The government's commitment to increase green and clean energy has resulted in such a high growth. Most of the states are deploying PV power plants and with the implementation of the National Solar Mission, it is expected that the annual PV installed capacity will grow at a CAGR of around 134% during 2009-2013.
The study acknowledged that, India is expected to become one of the world's fastest-growing energy consumers during 2009-2013, trailing only behind China among the larger emerging-market economies. Additionally, with the growing competitiveness of the industrial sector, the energy consumption in India will spiral in coming years, which will further fuel to the development of renewable energy sector in India. Solar energy, being on top of the charts, will be benefitted the most from the public and private focus.
Moreover, there is a huge potential for off-grid PV deployment, which is based upon the real requirements and benefits in areas, such as rural lighting, back-up power generation for expanding network of cellular towers across the country, electrification for powering irrigation pump sets, urban applications, etc. Private sector companies are striving hard to utilize the vast market potentials in this field. It is anticipated that in coming years, attractive growth opportunities will lure new market players and the market will become more competitive.
Our report "Indian Solar Energy Market Outlook 2012", has been authored to evaluate the future growth potentials of Indian solar energy sector and its various segments. It thoroughly examines current industry trends, with focus on recent changes in the state and country level regulatory environment. The report will assist investors to understand the market dynamics and get an insight into the future outlook of solar power market in India. Besides presenting projections for various energy indicators, the report contains forecast for different segments of the solar power industry based on feasible solar industry environment.
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