11th, August 2016 Mumbai, India: Bharatbook.com announces a report on “India Solar Rooftop Systems Market”. The report thoroughly covers solar rooftop systems market by business models, connectivity type, end-user and states.
India Solar Rooftop Systems Market (2016-2022): Market Forecast by Business Model (CAPEX and OPEX), Connectivity (On-Grid Solar Rooftop and Off-Grid Solar Rooftop Systems), End User (Residential, Commercial & Industrial and Government), Regions (Northern, Southern, Western and Eastern), Key States (Tamil Nadu, Gujarat, Maharashtra, Punjab, Karnataka, Andhra Pradesh, Haryana, Madhya Pradesh, Rajasthan and Uttar Pradesh) and Competitive Landscape
India’s energy mix is witnessing significant changes due to the adoption of renewable sources of power. Although, share of renewable energy is low, but it offers immense growth opportunities to the market players. Amongst all renewable energy sources, solar energy is emerging as one of the most promising segments. Factors such as better space optimization, inclusion of net-metering, accelerated depreciation tax benefit and attractive subsidies by state nodal agencies are expected to fuel the India Solar
Rooftop System Market. The country has a high solar isolation making solar power as one of the viable renewable sources of energy. Increase in adoption of solar power from industrial & commercial segment coupled with aggressive push by government has resulted in the growth of India Solar Rooftop Systems Market.
According to Research, India Solar Rooftop Systems Market revenue is projected to grow at a CAGR of 31.92% during 2016-22. In India, CAPEX business model accounted for major revenue share in the overall market in 2015. In terms of connectivity, on-grid solar rooftop systems generated key market revenues; however, the trend is expected to shift towards off-grid segment in the forecast period.