India Rooftop Solar Pv Market Size & Outlook, 2020-2027
The rooftop solar pv market in India is expected to reach a projected revenue of US$ 4.3 billion by 2027. A compound annual growth rate of 6.4% is expected of India rooftop solar pv market from 2021 to 2027.
Revenue, 2020 (US$B)
$2.8
Forecast, 2027 (US$B)
$4.3
CAGR, 2021 - 2027
6.3%
Report Coverage
India
India rooftop solar pv market, 2016-2027 (US$B)
Related Markets
India rooftop solar pv market highlights
- The India rooftop solar pv market generated a revenue of USD 2.8 billion in 2020 and is expected to reach USD 4.3 billion by 2027.
- The India market is expected to grow at a CAGR of 6.4% from 2021 to 2027.
- In terms of segment, thin film was the largest revenue generating technology in 2020.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
Rooftop solar pv market data book summary
| Market revenue in 2020 | USD 2.8 billion |
| Market revenue in 2027 | USD 4.3 billion |
| Growth rate | 6.4% (CAGR from 2020 to 2027) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Thin Film, Crystalline Silicon |
| Key market players worldwide | JinkoSolar Holding Co Ltd DR, SunPower Corp, Emeren Group Ltd ADR, First Solar Inc, Canadian Solar Inc, Hanwha |
Other key industry trends
- In terms of revenue, India accounted for 5.5% of the global rooftop solar pv market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China rooftop solar pv market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4.3 billion by 2027.
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Rooftop Solar PV Market Scope
Rooftop solar pv market segmentation & scope
Rooftop Solar PV Market Companies
| Name | Profile | # Employees | HQ | Website |
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India rooftop solar pv market size, by technology, 2016-2027 (US$B)
India Rooftop Solar PV Market Outlook Share, 2020 & 2027 (US$B)
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