India emerging as a solar equipment-making hub
The International Energy Agency (IEA) in a recent energy outlook notes that China accounted for 60% of the new renewable capacity added worldwide in 2023 – and China''s solar PV
4 FAQs about India solar power generation equipment
How big is India's solar equipment manufacturing capacity?
India's domestic solar equipment manufacturing capacity has seen a remarkable increase, growing from 2.3 Gigawatt (GW) in 2014 to 100 GW in 2025, a growth that experts are calling a "historic milestone".
What is a solar energy portal?
The portal shall provide information on government policies and regulations related to the manufacturing of solar energy products in the country. India will have more than 65 percent of its power generation from renewable energy sources by 2030. As of 2021, India already has 42 percent or 170 GW of non-fossil fuel capacity (including hydropower).
What are India's Solar Exports?
India's solar exports rose 227% to $1.8 billion in 2023 from $561 million in 2022 and the US accounted for over 97% of Indian exports. The rest were from Indonesia and a couple of African countries. With more developing countries embracing solar and other renewable energy, opportunities are growing for Indian solar equipment makers.
How is solar energy growing in India?
The growth is supported by initiatives like the Rs. 24,000 crore (US$ 2.74 billion) PLI Scheme and the mandatory local sourcing of solar cells and modules for government projects such as PM-KUSUM and PM Surya Ghar Muft Bijli Yojana.
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Solar energy in India - statistics & facts India''s solar energy market is experiencing significant and rapid growth, establishing itself as a global leader in solar power deployment.
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An emerging trend in the India Solar Power Equipment Market is the increasing adoption of energy storage solutions to address the intermittent nature of solar power generation.
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As far as transformation of our power sector is concerned, India has set a landmark in 2025 by achieving an unprecedented ~50% of its installed electric power generation capacity from
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Read more +MNRE National Solar PV Manufacturing Portal
India will have more than 65 percent of its power generation from renewable energy sources by 2030. As of 2021, India already has 42 percent or 170 GW of non-fossil fuel capacity
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India Solar Photovoltaic Equipment Market is growing owning to rising environmental concerns, government initiatives, and investments for research initiatives to minimize reliance on fossil fuels.
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Read more +India Solar Power Equipment Market (2025-2031) | Trends,
India Solar Power Equipment Market Synopsis The India solar power equipment market is an essential segment of the country''s renewable energy and clean energy industry. Solar power equipment
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Read more +India Solar Power Equipment Market Size & Forecast to 2031
The India Solar Power Equipment Market was valued at USD 11 Billion in 2025, and is expected to reach USD 18 Billion by 2031, rising at a CAGR of 9.10%. This growth is propelled by India''s shift toward
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Read more +India hits 100 GW solar manufacturing milestone, boosting self
India''s solar equipment manufacturing capacity has surged from 2.3 GW in 2014 to 100 GW in 2025, marking a historic milestone driven by policy support, self-reliance goals, and global
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