PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088297
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088297
India Floating Solar Power Plant Market, By Technology (Photovoltaic, Concentrated Solar Power ), By Type (Stationary, Concentrated Solar Power ), By Location, By Capacity, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028
India Floating Solar Power Plant Installed Capacity Stood at 1,832 MW in 2021
The expansion in India Floating Solar Power Plant market is primarily attributed to increasing concerns about fossil fuels for generating power coupled with surging energy consumption across the country..,
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the Floating Solar Power Plant in India has an installed capacity of 1,832 MW (combined) as of December 2021. Some of the key factors driving the growth of the India floating solar power plant market include increasing concerns about fossil fuels for generating power and the constant rise in energy consumption. Furthermore, rising company investments in research and development (R&D), which has resulted in lower solar panel costs and government backing in the form of various schemes, are moving the industry forward. Additionally, increasing focus on clean fuel power generating energy sources and land scarcity will propel the market growth during the forecast period.
Rising Investment Due to the Presence of a Large number of Reservoirs
In the southern region of India, there are large reservoirs that provide considerable opportunities to the players to go for renewable energy through the floating solar method. For instance, The National Thermal Power Corporation Limited (NTPC) is building India's largest floating solar power plant with generation capacity of 100MW at Ramagundam in Telangana's Peddapalli district. The thermal plant at Ramagundam would be one of NTPC's renewable (solar) energy facilities in the Southern Region, with an installed capacity of 447MW and an expected completion date of March 2023. The 25MW floating solar plant at Simhadri thermal power plant in Visakhapatnam, is the largest floating solar project commissioned in the country.
Offshore Location Segment Dominated India Floating Solar Power Plant Market
Based on Location, the market is segmented into offshore and onshore. In 2021, the onshore segment obtained the largest share, and this trend is expected to continue in the near future. Solar panels and their floating frame are damaged by strong sea currents and high tides in deep water. Plants installed in deep seawater also have greater construction and maintenance costs than those in shallow waters. As a result, demand for onshore floating solar power plant installation is likely to increase.
Offshore wind energy potential in India is underused. By 2030, India wants to produce 30 GW of electricity from offshore wind energy projects but progress has been delayed due to a lack of developed port infrastructure, increased expenses of placing turbines in the sea, and delays caused by the Covid-19 outbreak. India currently has no offshore wind energy plants in operation.
Impact Of COVID-19 on India Floating Solar Power Plant Market
The Indian economy is suffering as a result of COVID-19. The pandemic has caused havoc on the whole manufacturing value chain, including floating solar panels. During the first quarter of 2020, there was a short pause in the manufacture of solar panels due to the closure of commercial and industrial enterprises to prevent the spread of the disease. With the lifting of the lockdowns and the return to normalcy of the economies, it is projected that projects that were unable to be finished in 2020 will regain momentum and be completed by late 2021. For instance, BHEL project, which will supply roughly 40 MW of merchant electricity from September 2021 and the entire 100 MW before the end of 2021 under the Rs 423 crore project, got delayed due to the COVID-19 lockout and supply difficulties.
India Floating Solar Power Plant Market - Regional Insights
In terms of regional analysis India Floating Solar Power Plant Market is fragmented into north, south, east, and west India. The South India region is growing at a significant rate due to the presence of the region's largest floating solar power plant. In Andhra Pradesh, NTPC has commissioned India's largest floating solar power project. At its Simhadri thermal station near Visakhapatnam, India's largest floating solar PV installation began operations in 2021. The floating solar project by NTPC covers 75 acres of the Simhadri reservoir. It would use more than a lakh solar PV module to generate enough electricity to power 7,000 houses.
Competitive Landscape
The India Floating Solar Power Plant Market is highly competitive, with all the players continually competing to gain a larger market share. The key players operating in the India floating solar power plant market are NTPC, Southern Petrochemicals Industries Corporation Limited (SPIC), Tata Power Solar System Ltd., Chandigarh Renewable Energy and Science & Technology, Kerala State Electricity Board, Indian Oil Corporation, Vikram Solar, Ciel & Terre International, KYOCERA Corporation, BHEL and other prominent players.
Don't miss the business opportunity of the India Floating Solar Power Plant Market. Consult our analysts to gain crucial insights and facilitate your business growth.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Floating Solar Power Plant Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Floating Solar Power Plant Market¬, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.
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Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. India Floating Solar Power Plant Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Recent Development/Technological Advancement
- 4.4. Regulatory Framework
- 4.5. List of Commissioned Projects & Upcoming Projects
- 4.6. Upcoming Technologies & Trends
- 4.7. Porter's Five Forces Analysis
- 4.7.1. Bargaining Power of Suppliers
- 4.7.2. Bargaining Power of Buyers
- 4.7.3. Threat of New Entrants
- 4.7.4. Threat of Substitutes
- 4.7.5. Intensity of Rivalry
5. India Floating Solar Power Plant Market, Region Wise, Installed Capacity (MW)
- 5.1. North India
- 5.2. South India
- 5.3. East India
- 5.4. West India
6. India Floating Solar Power Plant Market Overview
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.1.1. Photovoltaic (PV)
- 6.2.1.2. Concentrated Solar Power (CSP)
- 6.2.2. By Type
- 6.2.2.1. Stationary
- 6.2.2.2. Solar Tracking
- 6.2.3. By Location
- 6.2.3.1. Onshore
- 6.2.3.2. Offshore
- 6.2.4. By Capacity
- 6.2.4.1. 1MW - 5MW
- 6.2.4.2. 5.1MW - 10MW
- 6.2.4.3. 10.1MW - 15MW
- 6.2.4.4. 15MW - 20MW
- 6.2.4.5. Above 20 MW
- 6.2.5. By Region
- 6.2.5.1. North India
- 6.2.5.2. South India
- 6.2.5.3. East India
- 6.2.5.4. West India
- 6.2.1. By Technology
7. North India Floating Solar Power Plant Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Type
- 7.2.3. By Location
- 7.2.4. By Capacity
8. South India Floating Solar Power Plant Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Type
- 8.2.3. By Location
- 8.2.4. By Capacity
9. East India Floating Solar Power Plant Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Type
- 9.2.3. By Location
- 9.2.4. By Capacity
10. West India Floating Solar Power Plant Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Type
- 10.2.3. By Location
- 10.2.4. By Capacity
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share/Ranking Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Competitive Benchmarking, By Product Offering
- 11.5. Key Strategic Developments
12. Impact of COVID on India Floating Solar Power Plant Market
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook) *
- 13.1. NTPC
- 13.2. Southern Petrochemicals Industries Corporation Limited (SPIC)
- 13.3. Tata Power Solar System Ltd.
- 13.4. Chandigarh Renewable Energy and Science & Technology
- 13.5. Kerala State Electricity Board
- 13.6. Indian Oil Corporation
- 13.7. Vikram Solar
- 13.8. Ciel & Terre International
- 13.9. KYOCERA Corporation
- 13.10. BHEL
- 13.11. Others
14. Key Strategic Recommendations
List of Figures
- Figure 1 India Floating Power Plant Segmentation
- Figure 2 India Floating Power Plant Market Value Chain Analysis
- Figure 3 Porter's Five Forces Analysis
- Figure 4 India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Figure 5 North India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Figure 6 South India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Figure 7 East India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Figure 8 West India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Figure 9 India Floating Power Plant Market Size, By Value (USD Million), 2018-2028
- Figure 10 India Floating Power Plant Market Share, By Technology, By Value, 2018-2028
- Figure 11 India Floating Power Plant Market Share, By Type, By Value, 2018-2028
- Figure 12 India Floating Power Plant Market Share, By Location, By Value, 2018-2028
- Figure 13 India Floating Power Plant Market Share, By Capacity, By Value, 2018-2028
- Figure 14 India Floating Power Plant Market Share, By Region, By Value, 2018-2028
- Figure 15 North India Floating Power Plant Market Size, By Value (USD Million), 2018-2028
- Figure 16 North India Floating Power Plant Market Share, By Technology, By Value, 2018-2028
- Figure 17 North India Floating Power Plant Market Share, By Type, By Value, 2018-2028
- Figure 18 North India Floating Power Plant Market Share, By Location, By Value, 2018-2028
- Figure 19 North India Floating Power Plant Market Share, By Capacity, By Value, 2018-2028
- Figure 20 South India Floating Power Plant Market Size, By Value (USD Million), 2018-2028
- Figure 21 South India Floating Power Plant Market Share, By Technology, By Value, 2018-2028
- Figure 22 South India Floating Power Plant Market Share, By Type, By Value, 2018-2028
- Figure 23 South India Floating Power Plant Market Share, By Location, By Value, 2018-2028
- Figure 24 South India Floating Power Plant Market Share, By Capacity, By Value, 2018-2028
- Figure 25 East India Floating Power Plant Market Size, By Value (USD Million), 2018-2028
- Figure 26 East India Floating Power Plant Market Share, By Technology, By Value, 2018-2028
- Figure 27 East India Floating Power Plant Market Share, By Type, By Value, 2018-2028
- Figure 28 East India Floating Power Plant Market Share, By Location, By Value, 2018-2028
- Figure 29 East India Floating Power Plant Market Share, By Capacity, By Value, 2018-2028
- Figure 30 West India Floating Power Plant Market Size, By Value (USD Million), 2018-2028
- Figure 31 West India Floating Power Plant Market Share, By Technology, By Value, 2018-2028
- Figure 32 West India Floating Power Plant Market Share, By Type, By Value, 2018-2028
- Figure 33 West India Floating Power Plant Market Share, By Location, By Value, 2018-2028
- Figure 34 West India Floating Power Plant Market Share, By Capacity, By Value, 2018-2028
- Figure 35 Market Share Analysis, 2021
List of Tables
- Table 1 India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Table 2 North India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Table 3 South India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Table 4 East India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Table 5 West India Floating Power Plant Market Size, Installed Capacity (MW), 2018-2028
- Table 6 India Floating Power Plant Market Size, By Technology, By Value, 2018-2028
- Table 7 India Floating Power Plant Market Size, By Type, By Value, 2018-2028
- Table 8 India Floating Power Plant Market Size, By Location, By Value, 2018-2028
- Table 9 India Floating Power Plant Market Size, By Capacity, By Value, 2018-2028
- Table 10 India Floating Power Plant Market Size, By Region, By Value, 2018-2028
- Table 11 North India Floating Power Plant Market Size, By Technology, By Value, 2018-2028
- Table 12 North India Floating Power Plant Market Size, By Type, By Value, 2018-2028
- Table 13 North India Floating Power Plant Market Size, By Location, By Value, 2018-2028
- Table 14 North India Floating Power Plant Market Size, By Capacity, By Value, 2018-2028
- Table 15 South India Floating Power Plant Market Size, By Technology, By Value, 2018-2028
- Table 16 South India Floating Power Plant Market Size, By Type, By Value, 2018-2028
- Table 17 South India Floating Power Plant Market Size, By Location, By Value, 2018-2028
- Table 18 South India Floating Power Plant Market Size, By Capacity, By Value, 2018-2028
- Table 19 East India Floating Power Plant Market Size, By Technology, By Value, 2018-2028
- Table 20 East India Floating Power Plant Market Size, By Type, By Value, 2018-2028
- Table 21 East India Floating Power Plant Market Size, By Location, By Value, 2018-2028
- Table 22 East India Floating Power Plant Market Size, By Capacity, By Value, 2018-2028
- Table 23 West India Floating Power Plant Market Size, By Technology, By Value, 2018-2028
- Table 24 West India Floating Power Plant Market Size, By Type, By Value, 2018-2028
- Table 25 West India Floating Power Plant Market Size, By Location, By Value, 2018-2028
- Table 26 West India Floating Power Plant Market Size, By Capacity, By Value, 2018-2028
- Table 27 Key Players and Their Offerings
- Table 28 Competitive Benchmarking, By Operating Parameters
- Table 29 Merger Acquisition, Partnership, Joint-Ventures etc
- Table 30 NTPC Company Overview
- Table 31 NTPC Financial Overview
- Table 32 Southern Petrochemicals Industries Corporation Limited (SPIC) Company Overview
- Table 33 Southern Petrochemicals Industries Corporation Limited (SPIC) Financial Overview
- Table 34 Tata Power Solar System Ltd. Company Overview
- Table 35 Tata Power Solar System Ltd. Financial Overview
- Table 36 Chandigarh Renewable Energy and Science & Technology Company Overview
- Table 37 Chandigarh Renewable Energy and Science & Technology Financial Overview
- Table 38 Kerala State Electricity Board Company Overview
- Table 39 Kerala State Electricity Board Financial Overview
- Table 40 Indian Oil Corporation Company Overview
- Table 41 Indian Oil Corporation Financial Overview
- Table 42 Vikram Solar Company Overview
- Table 43 Vikram Solar Financial Overview
- Table 44 Ciel & Terre International Company Overview
- Table 45 Ciel & Terre International Financial Overview
- Table 46 KYOCERA Corporation Company Overview
- Table 47 KYOCERA Corporation Financial Overview
- Table 48 BHEL Company Profile
- Table 49 BHEL Financial Overview
