India Solar Inverter Market & Future Trend 2018-2024Posted by Bharat Book on August 25th, 2018 Bharat Book Bureau Provides the Trending Market Research Report on “India Solar Inverter Market” under Consumer Goods category. The Solar Inverter segment is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Power sector in India is witnessing a radical change on account of government's move towards power generation via renewable energy resources. Increasing electricity consumption and surging awareness towards environment are together helping the country towards utilization of green energy resources, especially solar. Moreover, solar inverter market is exhibiting immense growth over the past few years owing to surging implementation of solar energy projects in the country. Additionally, National Solar Mission, aiming to achieve 100 GW of solar energy by 2022 has further fueled the solar inverter adoption and is anticipated to increase the market in proportion with uprising solar industry in India. India Solar Inverter Marke is projected to grow at a CAGR over 25% during 2018-2024. The market is dominated by utility sector owing to its large scale solar projects deploying large number of solar inverters. Further, commercial segment is anticipated to exhibit highest growth rate during the forecast period. The high growth is attributed to growing solar installations across educational institutes, offices, factories, hospitals, and warehouses. In addition, residential segment is also registering significant growth with focus on sustainable development and to overlay the rising power cost in the country. Government initiatives such as Smart City project, development of solar parks, and solar energy subsidy scheme would further accelerate the adoption of solar installations across residential and commercial segments. Moreover, among system types, on grid systems dominated the market in 2017 owing to huge adoption across different verticals, whereas, off grid systems are majorly limited to rural electrification applications only. Request a free sample copy Solar Inverter of Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1100424 The report thoroughly covers India Solar Inverter market by types, system types, end users, power rating, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics. Key Highlights of the Report:
Markets Covered: The report provides detailed analysis of the following market segments:
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