India solar rooftop market size reached USD 2.37 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.21 Billion by 2033, exhibiting a growth rate (CAGR) of 6.30% during 2025-2033. The escalating demand for renewable energy technologies, along with the rising focus of government bodies across the country on increasing energy access, is primarily driving the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 2.37 Billion |
Market Forecast in 2033
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USD 4.21 Billion |
Market Growth Rate 2025-2033 | 6.30% |
A solar rooftop is an innovative and eco-friendly energy solution that generally involves the installation of solar panels on the roof of residential, commercial, or industrial buildings. This system usually harnesses solar energy that assists in converting sunlight directly into electricity through photovoltaic cells. The deployment of a solar rooftop is a strategic approach to maximizing underused space while actively contributing to environmental sustainability. It significantly reduces dependence on conventional fossil fuels, thereby minimizing carbon footprints and mitigating the effects of climate change. Economically, a solar rooftop offers the advantage of decreased electricity costs, proving to be a cost-efficient alternative in the long run. This technology is particularly advantageous in areas receiving ample sunlight. Consequently, a solar rooftop is gaining extensive traction across the country.
The India solar rooftop market is experiencing significant growth, driven by numerous primary drivers and the emerging trends. Government bodies across the country are promoting the usage of renewable energy sources, particularly solar power, which is propelling the market growth. Additionally, they are also providing subsidies and launching favorable policies, which in turn, have encouraged both residential and commercial sectors to adopt solar rooftop systems. Besides this, continuous advancements in photovoltaic panel efficiency and the rising integration of smart grid technology are making solar energy more viable and efficient, which is catalyzing the market growth in India. Emerging trends include the growing focus of key players across the country on sustainable and clean energy sources, owing to the elevating consumer awareness towards environmental conservation. The declining cost of solar panels and the rising cost of conventional electricity have also made solar rooftops a more attractive investment. Furthermore, the introduction of net metering policies that allow consumers to sell surplus energy back to the grid is stimulating the market growth. Besides this, the growing energy demand, coupled with the increasing emphasis on reducing carbon emission levels, will continue to bolster the India solar rooftop market over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on grid type and end user.
Grid Type Insights:
The report has provided a detailed breakup and analysis of the market based on the grid type. This includes on-grid and off-grid.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes industrial, commercial, and residential.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Grid Types Covered | On-Grid, Off-Grid |
End Users Covered | Industrial, Commercial, Residential |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |