Noida, UP -- (SBWIRE) -- 12/30/2010 -- Indian solar industry has witnessed rapid during the past few years and is projected to grow further in future. Demand for solar products has been rapidly rising for the past few years, especially in rural areas, and this demand is expected to continue its growth path in near future, says our new research report “Indian Solar Energy Market Outlook 2012”. Our study reveals that, solar cooker is one of the most accepted applications in the solar industry. Its demand has been rapidly rising for the past few years and is anticipated to show same trend in upcoming years as well. It is expected that the penetration of solar cookers will increase in the coming years with the total number of solar cookers growing at a CAGR of around 6% during 2010-2013.
Solar Cookers International has rated India as the number one country in the world in terms of solar cooking potential. The Indian government is taking various steps to promote and enhance the usage of solar cookers in hotels, hostels, government organizations, societies, and villages. The Ministry of New and Renewable Energy is providing the required support to increase the penetration of solar cookers among masses. Our report has also discussed several other factors that are driving solar cookers’ market in India.
Solar street lighting systems, home lighting systems, power plants, solar pumps, and solar water heating systems are some other applications, which are quite popular in India. Our research study has analyzed all these applications. Further, it includes forecasts for these products. The forecasts presented are based on correlations between past market growth, growth of base drivers, and possible impact of recession on the economy. We have also included projections for various energy indicators.
“Indian Solar Energy Market Outlook 2012” thoroughly examines current industry trends, with focus on recent changes at the state and country level regulatory environment. The report will assist investors to understand market dynamics and get an insight into the future outlook of the solar power market in India. The report also includes brief information about the key players such as, BHEL, BEL, CEL, TATA BP Solar India Limited, Solar Semiconductor, and Moser Baer India Limited.
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