Solar Water Heating System To Grow at 23% CAGR
Government's obligation for green building and state governments support will help the solar water heating system market to grow at a CAGR of around 23% between 2011 and 2013, says RNCOS in its latest report.
- (1888PressRelease) September 11, 2010 - Solar water heating system (SWHS) is used to heat water for domestic, commercial and industrial purposes. The gross potential for solar water heating system in India has been estimated to be 140 Million sq. m. of collector area. According to our research report "Indian Solar Energy Market Outlook 2012", the number of SWHS is expected to grow at a CAGR of around 23% during 2011-2013 on the back of government support and obligations to support clean energy. Many states (Gujarat, Rajasthan, Delhi, etc.) have started promoting solar water heating systems due to tariffs and incentives given by the government of India.
Our team of experts have found that electricity generation from the sun is a flagship programme of the government because energy demand in India is growing at an annual rate of 8% with the total demand mounting to 92,000 MW over the next 10 years. Moreover, the Ministry of New and Renewable Energy announced in 2009 that the states would get subsidy on solar power for projects up to 20 MW under Jawaharlal Nehru Solar Power mission. This initiative is an attractive measure for private players to come up with new investment plans for solar projects.
We have also found that India has vast potential for solar cookers. Furthermore, the country is blessed with ample amount of sunshine as many parts receive around 300 to 330 sunny days. The Indian government is taking various steps to promote and enhance the usage of solar cookers in hotels, hostels, government organizations, societies and villages. Solar cookers are also promoted by many NGOs owing to zero emission of harmful gasses.
"Indian Solar Energy Market Outlook 2012" provides valuable information regarding SWHS, solar cookers, photovoltaic, street lighting system, solar home lighting system, solar lanterns, solar power plants and solar photovoltaic pumps. The report also provides recent developments in the solar energy sector including state wise analysis. Our team of experts has covered every aspect of solar energy in order to provide the best consulting to clients.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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