Solar Power Market In India 2026-2030

Description

The solar power market in india is forecasted to grow by USD 1413.3 bn during 2025-2030, accelerating at a CAGR of 49.5% during the forecast period. The report on the solar power market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by supportive government policies and strategic national initiatives, declining costs and enhanced economic competitiveness, rising energy demand and strong push for decarbonization.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Market Scope
Base Year	2026
End Year	2030
Series Year	2026-2030
Growth Momentum	Accelerate
YOY 2026	43.1%
CAGR	49.5%
Incremental Value	$1413.3 bn

Technavio's solar power market in india is segmented as below:

By Application

Grid-connected
Off-grid

By End-User

Utility
Rooftop

By Technology

Photovoltaic systems
Concentrated solar power

Geography

APAC
- India

This study identifies the explosive growth in domestic solar module manufacturing as one of the prime reasons driving the solar power market in india growth during the next few years. Also, unprecedented surge in rooftop solar installations and strategic integration with green hydrogen economy will lead to sizable demand in the market.

The report on the solar power market in india covers the following areas:

Solar power market in india sizing
Solar power market in india forecast
Solar power market in india industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar power market in india vendors that include ABB Ltd., Adani Group, Azure Power Global Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., juwi AG, Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., Reliance Industries Ltd., ReNew Energy Global Plc, SMA Solar Technology AG, Sungrow Power Supply Co. Ltd., Sunsure Energy, Suzlon Energy Ltd., Tata Power Co. Ltd.. Also, the solar power market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR72555

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030

3 Market Landscape

3.1 Market ecosystem
3.2 Market characteristics
3.3 Value chain analysis

4 Market Sizing

4.1 Market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2025
4.4 Market outlook: Forecast for 2025-2030

5 Historic Market Size

5.1 Solar Power Market in India 2020 - 2024
- Historic Market Size - Data Table on Solar Power Market in India 2020 - 2024 ($ billion)
5.2 Application segment analysis 2020 - 2024
- Historic Market Size - Application Segment 2020 - 2024 ($ billion)
5.3 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ billion)
5.4 Technology segment analysis 2020 - 2024
- Historic Market Size - Technology Segment 2020 - 2024 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI in solar power market in India

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
7.7 Market condition

8 Market Segmentation by Application

8.1 Market segments
8.2 Comparison by Application
8.3 Grid-connected - Market size and forecast 2025-2030
8.4 Off-grid - Market size and forecast 2025-2030
8.5 Market opportunity by Application
- Market opportunity by Application ($ billion)

9 Market Segmentation by End-user

9.1 Market segments
9.2 Comparison by End-user
9.3 Utility - Market size and forecast 2025-2030
9.4 Rooftop - Market size and forecast 2025-2030
9.5 Market opportunity by End-user
- Market opportunity by End-user ($ billion)

10 Market Segmentation by Technology

10.1 Market segments
10.2 Comparison by Technology
10.3 Photovoltaic systems - Market size and forecast 2025-2030
10.4 Concentrated solar power - Market size and forecast 2025-2030
10.5 Market opportunity by Technology
- Market opportunity by Technology ($ billion)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Drivers, Challenges, and Opportunity

12.1 Market drivers
- Supportive government policies and strategic national initiatives
- Declining costs and enhanced economic competitiveness
- Rising energy demand and strong push for decarbonization
12.2 Market challenges
- Grid integration and infrastructure bottlenecks
- Land acquisition and resource management
- Domestic manufacturing ecosystem and supply chain vulnerabilities
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
12.4 Market opportunities
- Explosive growth in domestic solar module manufacturing
- Unprecedented surge in rooftop solar installations
- Strategic integration with green hydrogen economy

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- SWOT
14.5 Adani Group
- Adani Group - Overview
- Adani Group - Product / Service
- Adani Group - Key news
- Adani Group - Key offerings
- SWOT
14.6 Azure Power Global Ltd.
- Azure Power Global Ltd. - Overview
- Azure Power Global Ltd. - Product / Service
- Azure Power Global Ltd. - Key offerings
- SWOT
14.7 Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd. - Overview
- Huawei Technologies Co. Ltd. - Product / Service
- Huawei Technologies Co. Ltd. - Key news
- Huawei Technologies Co. Ltd. - Key offerings
- SWOT
14.8 JA Solar Technology Co. Ltd.
- JA Solar Technology Co. Ltd. - Overview
- JA Solar Technology Co. Ltd. - Product / Service
- JA Solar Technology Co. Ltd. - Key news
- JA Solar Technology Co. Ltd. - Key offerings
- SWOT
14.9 juwi AG
- juwi AG - Overview
- juwi AG - Product / Service
- juwi AG - Key offerings
- SWOT
14.10 Larsen and Toubro Ltd.
- Larsen and Toubro Ltd. - Overview
- Larsen and Toubro Ltd. - Business segments
- Larsen and Toubro Ltd. - Key offerings
- Larsen and Toubro Ltd. - Segment focus
- SWOT
14.11 Mahindra and Mahindra Ltd.
- Mahindra and Mahindra Ltd. - Overview
- Mahindra and Mahindra Ltd. - Business segments
- Mahindra and Mahindra Ltd. - Key news
- Mahindra and Mahindra Ltd. - Key offerings
- Mahindra and Mahindra Ltd. - Segment focus
- SWOT
14.12 Reliance Industries Ltd.
- Reliance Industries Ltd. - Overview
- Reliance Industries Ltd. - Business segments
- Reliance Industries Ltd. - Key news
- Reliance Industries Ltd. - Key offerings
- Reliance Industries Ltd. - Segment focus
- SWOT
14.13 ReNew Energy Global Plc
- ReNew Energy Global Plc - Overview
- ReNew Energy Global Plc - Business segments
- ReNew Energy Global Plc - Key offerings
- ReNew Energy Global Plc - Segment focus
- SWOT
14.14 SMA Solar Technology AG
- SMA Solar Technology AG - Overview
- SMA Solar Technology AG - Business segments
- SMA Solar Technology AG - Key offerings
- SMA Solar Technology AG - Segment focus
- SWOT
14.15 Sungrow Power Supply Co. Ltd.
- Sungrow Power Supply Co. Ltd. - Overview
- Sungrow Power Supply Co. Ltd. - Product / Service
- Sungrow Power Supply Co. Ltd. - Key offerings
- SWOT
14.16 Sunsure Energy
- Sunsure Energy - Overview
- Sunsure Energy - Product / Service
- Sunsure Energy - Key offerings
- SWOT
14.17 Suzlon Energy Ltd.
- Suzlon Energy Ltd. - Overview
- Suzlon Energy Ltd. - Business segments
- Suzlon Energy Ltd. - Key offerings
- Suzlon Energy Ltd. - Segment focus
- SWOT
14.18 Tata Power Co. Ltd.
- Tata Power Co. Ltd. - Overview
- Tata Power Co. Ltd. - Business segments
- Tata Power Co. Ltd. - Key offerings
- Tata Power Co. Ltd. - Segment focus
- SWOT

15 Appendix

15.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations