What is the size of Solar Energy Market in India | Industry Trends & Forecast 2025

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Code: MTA11267

Publication Date: Nov 2025

What is the growth rate of the India Solar Energy Market?

According to 6Wresearch internal database and industry insights, the India Solar Energy Market is expected to grow at a CAGR of 12.84% during 2025-2031.

The main drivers of this growth are rising adoption of renewable electricity across households, increasing interest in sustainable energy choices, supportive policy frameworks encouraging clean power expansion, enhanced efficiency of modern photovoltaic systems, and growing preference for environmentally responsible consumption that aligns with evolving lifestyle priorities focused on long-term energy independence and responsible resource utilisation.

Growth Factors for India Solar Energy Industry

Rising residential and commercial demand for reliable clean power solutions.
Declining installation costs improving accessibility for diverse consumer groups.
Expansion of government incentives encouraging wider solar adoption.
Increasing integration of rooftop systems across urban and semi-urban areas.
Innovation in high-efficiency photovoltaic modules enhancing output performance.

India Solar Energy Market Trends

The India Solar Energy Market trends indicate growing momentum toward decentralised power generation, driven by rising interest in rooftop systems and expanding utility-scale installations. Adoption of smart inverters, improved storage compatibility and digital monitoring platforms is transforming energy management. Companies are strengthening presence through cost-efficient modules, long-term service offerings and technology upgrades tailored to evolving energy expectations.

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Emerging Developments in the India Solar Energy Market

The India Solar Energy Market developments highlight rapid progress in hybrid solar-plus-storage solutions, smart metering integration and modular installations suited for varied climatic conditions. Platforms are enhancing digital design tools, enabling easier system planning for households and enterprises. Local manufacturing, performance warranties and financing innovations are also expanding access as the sector advances toward wider clean energy participation.