Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Report Overview
The India solar photovoltaic (PV) market size reached 20.48 Gigawatt in 2025. The market is expected to grow at a CAGR of 13.10% during the forecast period of 2026-2035 to reach 70.14 Gigawatt by 2035. Rising corporate renewable procurement and ESG mandates are accelerating rooftop solar adoption, enabling businesses to reduce carbon footprints, achieve sustainability goals, and integrate decentralized solar generation across industrial and commercial facilities.
The market is rapidly transforming the nation’s energy landscape, largely driven by strong government incentives and progressive renewable targets. By April 2025, India’s installed solar PV capacity surpassed 107.9 GW, representing over 61% of the renewable energy capacity. Programs such as the Production-Linked Incentive (PLI) scheme, PM-KUSUM, and state-level solar parks have accelerated large-scale deployment while boosting domestic manufacturing. Net metering initiatives and rooftop solar subsidies are encouraging households and businesses to adopt solar solutions, lowering electricity costs, and promoting energy independence. The government’s target of 500 GW of non-fossil fuel capacity by 2030 remains a central catalyst for India solar photovoltaic (PV) market growth.
Technological advancements are also playing a crucial role in market expansion. High-efficiency modules, including monocrystalline, TOPCon, and HJT technologies, are increasingly deployed, with monocrystalline modules accounting for 67.5% of production capacity. Companies like Solex and Waaree Energies are driving innovation through high-efficiency modules, improving output while reducing project costs. By integrating these technologies into rooftop and utility-scale projects, the country is enhancing overall system efficiency and reducing the levelized cost of electricity, further accelerating demand in the India solar photovoltaic (PV) market.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
-
The Institute for Energy Economics and Financial Analysis (IEEFA) predicts that by 2026, India will emerge as the World’s second-largest manufacturer of solar photovoltaic (PV) technology globally.
-
The National Institute of Solar Energy (NISE) estimated that India could harness around 748 GW of solar capacity, factoring in the utilization of 3% of unused land for Solar PV installations.
-
In 2023, India surpassed the 70,000 Megawatts milestone in solar power generation capacity, as reported by the Ministry of Power and New & Renewable Energy.
Competitive Landscape
Leading India solar photovoltaic (PV) companies are focusing on high-efficiency modules, bifacial panels, and rooftop solutions to address diverse consumer and industrial needs. Strategic partnerships with global EPC firms enable technology transfer, capacity expansion, and faster project execution. Government policies, tax incentives, and renewable procurement mandates provide a favorable investment environment, lowering entry barriers for new firms.
India solar photovoltaic (PV) market players are increasingly investing in R&D for advanced TOPCon and HJT modules, integrating storage solutions, and developing hybrid systems. Competitive differentiation also comes through supply chain optimization, local manufacturing, and modular solutions for urban and industrial rooftops. Private investment and ESG-driven corporate adoption create additional opportunities for scaling projects. These strategies position companies to capitalize on India’s ambitious renewable energy goals, high solar potential, and the accelerating pace of utility-scale and rooftop deployment.
Key Players
Tata Power Solar Systems Limited
Established in 1989 and headquartered in Uttar Pradesh, India Tata Power Solar is a leading manufacturer and EPC solutions provider in India. The company offers high-efficiency solar modules, rooftop solutions, and utility-scale installations, catering to residential, commercial, and industrial clients. It emphasizes technological innovation through bifacial and high-density modules, energy storage integration, and smart monitoring systems.
Vikram Solar Pvt Ltd
Founded in 2005 and based in Kolkata, Vikram Solar specializes in high-efficiency photovoltaic modules and turnkey EPC solutions. The company integrates advanced monocrystalline PERC modules and bifacial designs to enhance output and reliability. It serves utility-scale developers, rooftop clients, and government solar programs, including solar parks and rooftop subsidy schemes.
WAAREE Energies Ltd.
Established in 1989 with headquarters in India, WAAREE Energies is one of India’s largest solar module manufacturers and EPC service providers. The company produces high-capacity bifacial, monocrystalline, and polycrystalline modules and actively promotes utility-scale and rooftop solar adoption. WAAREE focuses on innovations like half-cut cell technology and integrated solar-plus-storage solutions.
EMMVEE Photovoltaic Power Private Limited
Founded in 1992 and headquartered in Karnataka, EMMVEE PV manufactures advanced solar modules and turnkey solutions for domestic and international markets. The company specializes in monocrystalline and polycrystalline modules, emphasizing high efficiency, durability, and performance in diverse climatic conditions.
Other key players in the market are Loom Solar Pvt Ltd, Websol Energy Systems Limited, Adani Group, Saatvik Group, and Jakson Group, among others.
India Solar Photovoltaic (PV) Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2025, the India solar photovoltaic (PV) market reached an approximate volume of 20.48 Gigawatt.
The market is projected to grow at a CAGR of 13.10% between 2026 and 2035.
The India solar photovoltaic (PV) market is expected to reach 70.14 Gigawatt in 2035.
Stakeholders are expanding rooftop initiatives, deploying hybrid storage solutions, leveraging government incentives, integrating smart monitoring technologies, and forming strategic partnerships to accelerate solar adoption and optimize return on investment.
The solar photovoltaic (PV) market is categorised according to its product type, which includes ground-mounted and rooftop.
The key players in the market include Tata Power Solar Systems Limited, Vikram Solar Pvt Ltd, WAAREE Energies Ltd., EMMVEE Photovoltaic Power Private Limited, Loom Solar Pvt Ltd, Websol Energy Systems Limited, Adani Group, Saatvik Group, and Jakson Group, among others.
Based on the technology, the market is divided into monocrystalline silicon, thin film, polycrystalline silicon, and others.
The major market areas include East India, West India, South India and North India.
High upfront project costs, fluctuating module prices, land acquisition hurdles, regulatory complexities, and grid integration challenges hinder efficient deployment, scaling, and cost-effective execution of solar PV projects across the nation.
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
- Selected Segments
- Printing Restrictions
- Excel Spreadsheet Delivered via Email
- Full Report
- Periodic Updates
- Post Sales Analysts Support
- Unlimited Prints
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
- All Segments
- Printing Restrictions
- PDF Delivered via Email
- Custom Report Layout
- Post Sales Analysts Support
- Periodic Updates
- Unlimited Prints
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
- All Segments
- Five Prints Available
- PDF Delivered via Email
- Limited Free Customization
- Post Sales Analyst Support
- Custom Report Layout
- Periodic Updates
- Unlimited Prints
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
- All Segments
- Unlimited Prints Available
- PDF & Excel Delivery via Email
- Limited Free Customization
- Post Sales Analysts Support
- Discount On Next Update
- Custom Report Layout
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 80 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 100 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
- Free Analyst Hours
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Free Analyst Hours - 80 Hours
- Power BI Dashboards
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Power BI Dashboards
- Free Analyst Hours - 100 Hours
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124