solar energy growth in india
solar energy offers enormous potential for a tropical country like India where about 45% of households, mainly rural, lack access to electricity, says a new research report "Indian solar energy market Outlook 2012" a leading research firm RNCOS.
India gets its power solar equivalent to over 5,000 trillion kWh per year, which is much more than their total annual energy consumption. Geographical location, its large population and government support are also helping to become one of the fastest emerging market of solar energy in the world. Consequently, the country is becoming a favorite destination for investment both local and global actors.
Demand for solar energy products has increased rapidly in recent years, especially in rural areas, and is expected to continue increasing significantly during our forecast period (2009-2012). The number total solar lamps in India is projected to grow at a CAGR of 40% between 2009 and 2012.
"Indian Solar Energy Market Outlook 2012" provides rational analysis and extensive research in solar energy industry in India. It examines in detail the current industry trends that are adding market growth of solar energy in the country. The report highlights the emerging segments of the solar power industry and its market potential to serve the huge population the country. It will help clients understand market dynamics and to obtain an overview of current and future prospects of solar energy market in India.
In addition to projections of the different energy indicators, the report also provides forecast on various segments of the energy industry solar potential based on solar industry environment in India. These include:
– Solar Street Lighting System
– Solar Home Lighting System
– Solar Lantern
– Photovoltaic Solar Energy Pumps
– System for Solar Water Heating
– Solar Cookers
The forecasts contained in this report is not based in a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on the correlations between market growth in the past, the growth of base drivers and the potential impact of the downturn in the economy.
The report also includes Detailed information about the key players in the solar energy industry in India, including BHEL, BEL, CEL, Tata BP Solar India Limited, Moser Baer India Limited, Applied Materials, Inc., and Signet Solar.
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