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Market insights: In 2020, India was the third-largest consumer of oil, accounting for ~5.3% of the global oil consumption. Oil and gas jointly accounted for ~35% of the country?s overall energy mix in 2020. Oil consumption in India stood at 4,669 thousand barrels per day in 2020 and is projected to reach 6,132.28 thousand barrels by 2026, expanding at a compound annual growth rate (CAGR) of 4.4% during the 2021 ? 2026 period. Production insights: As of 2020, there were 4.5 Bn barrels of proven oil reserves and 1.33 Trn cubic meters of proven natural gas reserves in India. In 2020, India accounted for ~0.9% of the global oil production and ~0.6% of the global natural gas production. The production of oil and natural gas has fallen since 2018. The low productivity of aging oilfields and falling prices have led to a decline in production volumes. Production slumped further in 2020 in the wake of the COVID-19 pandemic. Unavailability of workers, restrictions on mobility, low offtake from key consumers, and closure of offshore gas fields had a massive impact on production in 2020. However, the government?s impetus to increase the share of natural gas in the energy mix and to reduce import bills is expected to foster the production of natural gas during the forecast period. Consumption insights: A rapidly growing population, industrialization, and urbanization contributed to the steady increase in oil and natural gas consumption. India is heavily reliant on imports to meet its demand for oil and gas ? ~80% of oil demand and ~50% of natural gas demand are met through imports. In 2020, mainly in the second quarter of CY 2020, stringent lockdowns because of the pandemic impacted the demand for oil and gas in the transportation and industrial sectors. Market influencers: The growth of the Indian oil and gas industry has been driven by an increasing population, rise in per capita income, and rapid urbanization. A significant developments in infrastructure, coupled with the ease of doing business, has motivated the entry of key foreign players such as BP plc, Saudi Aramco, Abu Dhabi National Oil Company (ADNOC), and Total SA. The positive outlook of the Indian transportation sector played an instrumental role in supporting the growth of the oil and gas industry. Light-duty and heavy-duty vehicles are the leading consumers of oil and gas, followed by aircraft, marine, and rail. Exploration of novel and unconventional sources using frontier oil-producing technologies will boost production. However, factors such as reductions in domestic production, heavy reliance on imports, dominance of state-owned companies, and limited infrastructure investments are impeding market growth. Impact of COVID-19: The oil and gas industry has been experiencing massive difficulties because of the international price war on one side, and the pandemic on the other. These will have a substantial impact on the domestic market, both in the short and long term. The nationwide and state-wise lockdowns led to a sharp dip in mobility, transportation, and industrial activities, resulting in a slump in oil consumption. Low demand for oil, gas, and refined products will result in a supply-demand imbalance and a consequent price drop in the near future. In the long run, the market is predicted to gain momentum. However, excess supply is likely to be predominant in the global market. Laying off of workers because of the pandemic is likely to result in labor shortages during the revival phase. The focus of the industry is expected to shift towards low-cost and short-cycle sources over the forecast period. Expansion of innovative segments like shale oil and shale gas, adoption of new business models, and market consolidation are projected to be the long-term trends in the market. ...

  • Id : RNR-885836
  • Category : Energy Resources
  • Pages : 91

Market insights The green technology market in India is dominated by green energy. The electric vehicles, and water and wastewater treatment are the other important market segments. The installed capacity of the green energy sector stood at 94.43 GW in FY 2021, with a target to reach 275 GW by FY 2027. In terms of sales volumes, the electric vehicles market in India reached 148,430 units in FY 2021, expanding at a remarkable compound annual growth rate (CAGR) of 42.80% during the FY 2017 and FY 2021 period. In terms of revenue, the market for water and wastewater treatment in India is estimated to reach INR 2,413.70 Bn by 2026, expanding at a CAGR of 12.03% during the 2021 ? 2026 period. Segment insights: The green energy sector in India is dominated by solar energy, followed by wind, biomass, and small hydro. Several initiatives to promote solar parks, solar cities, and solar pumps, as well as the National Solar Mission are responsible for the remarkable increase in India?s solar capacity. In FY 2021, India?s installed capacity for solar and wind energy stood at 40.09 GW and 39.25 GW, respectively. Wind energy projects in India are concentrated in Tamil Nadu, Rajasthan, and Maharashtra. The country?s aim is to attain green energy capacities of 175 GW by FY 2022 and 275 GW by FY 2027. However, factors such as supply chain disruptions because of the pandemic is likely to hinder installation targets. In FY 2021, electric two-wheelers was the largest segment in the electric vehicles market in India, accounting for ~96.91% of the total sales volume. The electric four-wheelers has gained traction owing to the gradual adoption of electric vehicles for public transport. Moreover, the growing popularity of hybrid e-cars is expected to propel the electric four-wheeler market. Market influencers: The enormous potential for green energy in India, coupled with the approval of 100% FDI, has made the country an attractive destination for capital influx. During the first quarter of FY 2021, India witnessed investments worth USD 6.6 Bn. Supportive policies such as the National Electric Mobility Mission Plan (NEMMP) and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) have fostered the penetration of electric vehicles in India. In addition, investments through public-private partnerships (PPP), tax reductions, and exemptions from basic customs duty are estimated to boost the sale of electric vehicles during the forecast period. The green technology market in India is constrained by the lack of an integrated and unified policy structure and difficulties in accessing finance. There are numerous policies catering to various sub-segments of the green technology sector, which also lack in terms coordination at the state and central levels. On the other hand, green technology start-ups face challenges in acquiring early-stage funding. The stringent eligibility criteria prevent green tech entrepreneurs from availing the benefits of government schemes. Moreover, challenges in the form of grid integration, scheduling, forecasting, and power purchase agreements (PPA) impede the realization of India?s green energy potential. Impact of COVID-19: With COVID-19 infections increasing again in the first quarter of FY 2022, there were delays in the commissioning of green energy projects and halting of capacity addition programs. The sales and registration of EVs also slumped in FY 2021. The registration of new EVs dropped by 20% in FY 2021 as compared to the previous year. The negative impact of the pandemic on pulp and paper, food and beverages, power, and electronics, which are the major end-user industries, slowed down the water and wastewater treatment market. In the long term, the pandemic is anticipated to bring in several positive changes in the green technology market. Growing penetration of EVs in public transportation and increased participation of green energy sources in the energy mix are a few of them. EVs havethe potential to play a key role in lessening the economic impact of the pandemic by lowering oil import bills. On the other hand, electric mobility is projected to be the key facilitator of a sustainable growth plan of the transportation sector in a post-pandemic India. ...

  • Id : RNR-885825
  • Category : Energy Resources
  • Pages : 73

The Oilfield Operations Management System Opportunities in India report provides a holistic view of the different use cases, market influencers, and opportunity enablers predominant in the Indian market space. Oilfield operators are gradually adopting digital strategies to improve business performance. They have become more reliant on innovation and technology. Oilfield operations management system (OOMS) is one such innovation that utilizes technologies like industrial internet of things (IIoT), artificial intelligence (AI), machine learning, and big data to ease operations. OOMS finds application in artificial lift optimization, automated workflow management, well monitoring, flow assurance, multiphase flow simulation, predictive analytics & production simulation, production optimization & allocation, and reservoir management. A comprehensive range of oilfield operations management system use cases is being established to leverage information capital and transform the traditional oilfield sector into smart enterprises. Primary use cases of oilfield operations management system include fleet management, field productivity, production asset optimization, predictive maintenance, and biometric monitoring. The verticals which can gain major advantages from these use cases are Exploration and Production (E&P), Service and Supply (S&S), and Midstream & Downstream (M&D). Focus on innovation, digital transformation, and a broad spectrum of advantages are expected to fuel the large-scale adoption of oilfield operations management systems. The current turmoil, caused by the international price war, oversupply, and the COVID-19 pandemic have triggered the digital transformation of the oil and gas sector. Operators have started showing interest in adopting solutions like oilfield operations management systems to sustain in the cost-constrained environment. Advantages like optimized production, reduced operating costs, and improved recovery rate are likely to encourage its adoption. Penetration of advanced technologies like IIoT, AI, machine learning, and big data are likely to be instrumental in leveraging the gamut of real-time data generated from oilfield assets. However, in India, oilfield operations management system has not witnessed widespread adoption, owing to factors, such as budget constraint, lack of awareness, and organizational barriers, among others. Majority of the industry players lack knowledge regarding its qualitative and quantitative benefits. Furthermore, the implementation of the oilfield operations management system requires departmental collaboration, which is a significant challenge for the oil and gas companies where functional groups perform in silos. Additionally, the concerns regarding cybersecurity and data management challenges are impeding market growth. Oilfield operations management systems in India can capture enormous opportunities through empowering and sharing knowledge, leadership changes, and collective approach. Collaborations between solution providers and oil and gas companies can bring about opportunities. Enhanced knowledge of business cases among users and stakeholders can initiate adoption, and thus improve productivity while reducing operating costs. Oilfield operations management providers: ? ABB Ltd ? Infosys Limited ? Emerson Electric Co. ? OCS Services (India) Pvt Ltd. ? Protiviti India Member Private Limited...

  • Id : RNR-885764
  • Category : Energy Resources
  • Pages : 38

Market insights: In 2019, India was the third-largest consumer of oil, accounting for ~5.4% of the global oil consumption. Oil and gas jointly accounted for 36.37% of the country?s overall energy mix in 2019. Oil consumption in India stood at 5,270.73 thousand barrels per day in 2019, and is projected to reach 5,490.92 thousand barrels by 2025, expanding at a compound annual growth rate (CAGR) of 2.25% during the 2020-2025 period. Production insights: As of 2019, there were 4.66 Bn barrels of proven oil reserves and 1.33 Tn cubic meters of proven natural gas reserve in India. In 2019, India accounted for ~0.9% of the global oil production and ~0.7% of the global natural gas production. The production of oil and natural gas fell between 2018 and 2019. Low productivity of aging oilfields, coupled with the declining trend of prices led to the decline in production volume in 2019. The oil and gas production is estimated to further plummet in 2020 in wake of the COVID-19 pandemic. Unavailability of workers, movement restriction, low offtake from key consumers, and closure of offshore gas fields are expected to impact the production in 2020. However, the production of natural gas is anticipated to grow over the forecast period, owing to the Indian government?s ambition to reduce import dependency. Consumption insights: A rapidly growing population, industrialization, and urbanization contributed to the steady growth of oil and natural gas consumption. India is highly reliant on imports to meet its demand for oil and gas ? ~80% of oil demand and ~50% of natural gas demand are met through imports. In 2020, mainly in the second quarter of CY 2020, stringent lockdown measures imposed on account of the pandemic, impacted the demand for oil and gas in the transportation and industrial sectors. The domestic demand is anticipated to recover from the fourth quarter of CY 2020. The consumption of natural gas is likely to surge over the forecast period, owing to the government?s goal to increase the share of natural gas in the primary energy mix. Market influencers: The steady increase in population, coupled with the rising income level has amplified the rate of urbanization in the country, which in turn, is fostering the growth of the oil and gas industry in India. Improved infrastructure and ease of doing business have been encouraging the participation of international players, such as BP plc, Saudi Aramco, Abu Dhabi National Oil Company (ADNOC), and Total SA. The rapid growth of the Indian transportation industry has also bolstered the demand for oil and gas industry in India. Light-duty and heavy-duty vehicles are the leading consumers of oil and gas, followed by aircraft, marine, and rail. Furthermore, the advancement of drilling techniques, equipment, and technology is expected to augment the growth of the Indian oil and gas industry. The application of cutting-edge oil-producing technologies is likely to help in exploring novel unconventional sources rather than relying on depleting conventional sources. However, factors like the declining trend in domestic production, heavy reliance on import, dominance of state-owned companies, and limited infrastructure investments are impeding market growth. Impact of COVID-19: The oil and gas industry has been experiencing an unpredicted crisis on account of the two-pronged effect of the international price war and pandemic, which is likely to mark a substantial impact on the domestic market, both in the short and long term. The lockdown led to a sharp dip in mobility, transportation, and industrial activities, resulting in a slump in oil and consumption. Low demand for oil, gas, and refined products is anticipated to create a supply-demand imbalance and a consequent price fall in the near future. In the long run, the market is predicted to gain momentum; however, an oversupply is likely to be predominant in the global market. Workers laid off as an instantaneous effect of the pandemic, is likely to give rise to labor shortage during the revival phase. The focus of the industry is expected to shift towards low-cost and short-cycle sources over the forecast period. Expansion of innovative segments like shale oil and shale gas, adoption of new business models, and market consolidation are projected to be the long-term trends in the market. Companies covered: ? Bharat Petroleum Corporation Limited ? Chennai Petroleum Corporation Limited ? Hindustan Petroleum Corporation Limited ? Indian Oil Corporation Limited ? Mangalore Refinery and Petrochemicals Limited ? Numaligarh Refinery Limited ? Oil and Natural Gas Corporation Limited ? Oil India Limited ? Reliance Industries Limited ? Nayara Energy Limited Private...

  • Id : RNR-885763
  • Category : Energy Resources
  • Pages : 100

Market insights The green technology market in India is mostly dominated by green energy; electric vehicles, and water and wastewater treatment are the other key market segments. In terms of installed capacity, the green energy sector stood at 87.02 GW in FY 2020 and has set a target to reach 275 GW of installed capacity by FY 2027. In terms of sales volume, the electric vehicles market in India reached 156,000 units in FY 2020, expanding at a compound annual growth rate (CAGR) of 66.90% during the FY 2018-FY 2020 period. In terms of revenue, the market for water and wastewater treatment in India is estimated to reach INR 2,141.60 Bn in 2025, expanding at a CAGR of 12.28% during the forecast period. Segment insights: Based on installed capacity, the green energy sector in India is dominated by solar energy, followed by wind, biomass and small hydro. Several initiatives to promote solar park, solar cities, solar pumps and the National Solar Mission can be attributed for the remarkable growth of solar capacity in India. India?s installed capacity for wind energy stood at 34.63 GW in FY 2020. Wind energy projects in India are mostly concentrated in the states of Tamil Nadu, Rajasthan and Maharashtra. The country aspires to attain green energy capacities of 175 GW and 275 GW by FY 2022 and FY 2027, respectively. However, supply chain disruptions owing to the pandemic and safeguard duty on solar cells are likely to hinder the installation target. Electric two-wheelers was the largest segment of the electric vehicles market in India in FY 2020, accounting for ~97.44% of the total sales volume. The other two segments ? electric four-wheelers and bus ? are slowly gaining traction owing to the gradual adoption of electric vehicles for public transport. Moreover, the growing popularity of hybrid e-cars is expected to propel the electric four-wheelers market. Market influencers: The enormous green energy potential in India, coupled with 100% FDI approval has made India an attractive destination for capital influx. During the FY 2018-FY 2020 period, the green energy sector in India received investments worth ~INR 1.34 Tn. Further, the Indian government?s focus to boost the electric mobility sector is projected to fuel the green technology market in India. Supportive policies like National Electric Mobility Mission Plan (NEMMP) and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) have fostered the penetration of electric vehicles in India. In addition, investments through public-private partnerships (PPP), reduction in tax and exemption of basic customs duty are estimated to boost the sale of electric vehicles over the forecast period. The green technology market in India is constrained by the lack of an integrated and unified policy structure and the difficulty in accessing finance. There are numerous policies catering to various sub-segments of the green technology sector, which also lack in terms co-ordination at state and central levels. On the other hand, green technology start-ups face challenges in acquiring early-stage funding. The stringent eligibility criteria act as a roadblock for green tech entrepreneurs to be entitled for government-support schemes. Moreover, challenges in grid integration, scheduling, forecasting and power purchase agreements (PPA) impede the full-realization of green energy potential. Impact of COVID-19: The outbreak of COVID-19 has led to severe disruption in the solar energy supply chain since India is highly dependent on China for the sourcing of PV modules. The import of solar modules and cells dropped by 76.4% in the first quarter of CY 2020 as compared to the first quarter of CY 2019. Furthermore, the nationwide lockdown resulted in a halt in construction activities in the second quarter of CY 2020. The Ministry of New and Renewable Energy (MNRE) directed green agencies to consider the pandemic as force majeure (unprecedented events or circumstances beyond human control) and allowed a blanket extension of 30 days beyond the lockdown period for all renewable energy projects. The interruption in the global supply chain and logistics has created lucrative opportunities for domestic players of the green technology market to enhance the self-sufficiency of the country. The government has stressed on the indigenous production of solar cells, PV components and Lithium-ion battery. The government?s focus to establish India as the manufacturing hub for electric vehicles has been pushed by the supply chain disruption in China, which is currently the leading manufacturer. Furthermore, the major turmoil created in the fossil fuel market during the pandemic has increased reliance on green energy owing to its flexibility and cost-effectiveness. Companies covered ? Adani Power Limited ? Bharat Heavy Electricals Limited ? Exide Industries Limited ? Suzlon Energy Limited ? Tata Chemicals Limited ? Tata Power Limited ? Thermax Limited ? Ampere Vehicles Private Limited ? Hero Electric Vehicles Private Limited ? Mahindra Electric Mobility Limited...

  • Id : RNR-885755
  • Category : Energy Resources
  • Pages : 73

The Indian power sector has been undergoing transformation since the past few years, with growing contribution of renewable resources in the energy mix. The limited supply of fossil fuel has encouraged the penetration of distributed energy resources (DER) in the Indian power sector. Any energy resource which is connected to the grid at distribution level is known as DER. Grid integration of DERs has allowed the shift from centralized to decentralized systems. The development of this newly designed flexible energy network can be achieved using virtual power plants (VPP). VPP allows numerous decentralized power plants to aggregate and operate as a single platform. It functions as a Cloud-based or SaaS-based platform which governs multiple decentralized power plants through various distribution routes and demand centers. Distributed plants can be remotely operated and controlled through VPP. VPP ecosystem insights The VPP ecosystem comprises technical virtual power plant (TVPP), commercial virtual power plant (CVPP), VPP aggregators, DERs, distribution companies, transmission companies and the electricity market. TVPP operates at distribution and transmission levels, whereas CVPP runs the DER units based on demand and generation potential. VPP aggregators facilitate the aggregation of DERs and communicate with TVPP and CVPP. DERs include controllable loads, electric vehicles (EV), solar PV units, natural gas turbines, small power plants, fuel cells, prosumers and energy storage. The VPP platform consists of the solution developer, VPP platform operators and VPP users. The ecosystem consists of various energy assets such as solar plants, wind turbines, energy storage systems, EV charging stations, demand-response management centers and smart meters. Power utilities, renewable energy operators, demand response operators, energy retailers, VPP operators, and building managers are the major stakeholders involved. Market influencers: Various functionalities of VPP like distributed asset monitoring, asset analytics, distributed asset control, renewable energy management, energy storage management, EV charging asset management, and demand response management are anticipated to influence the adoption of VPP in the Indian power sector. Furthermore, favourable government policies and regulations are likely to play an important role in the adoption process. Vehicle electrification policy of the government, as part of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) and National Electric Mobility Mission Plan (NEMMP) 2020, will require the development of EV charging infrastructure. Implementation of VPP can help in effectively managing the charging stations spread across the country and control the load on each charging station. Furthermore, successful implementation of five-minute scheduling policy can be possible by using VPP. However, the large scale implementation of VPP in India can be deterred by a number of challenging factors such as weak regulatory framework.Various utility companies are hesitant to join the VPP architecture owing to issues regarding grid safety, stability, operational efficiency, and pricing. Threat of cyberattacks significantly challenges the virtualization of power plants. Maintaining security and privacy of the enormous data generated from consumers and prosumers becomes a considerable challenge of the VPP market. Companies covered ? ABB Group ? AutoGrid Systems, Inc. ? cyberGRID GmbH & Co. KG ? Enbala ? GreenSync ? MediIT Health Solutions India Pvt. Ltd ? Next Kraftwerke GmbH ...

  • Id : RNR-885743
  • Category : Energy Resources
  • Pages : 53

Over the years, the Indian power sector has undergone a significant transformation in terms of power supply, energy demand, fuel mix, and market operations. It is the third-largest power generating country in the world. India?s total installed capacity rapidly increased at 8.4% during the FY 2010-FY 2019 period. As of 31st December 2019, India held a total installed capacity of 367.28 GW, emerging as a power-surplus nation. Segmentation insights: The power sector in India is characterized by its diversified fuel sources which consists of environmentally sustainable sources like solar, wind and small hydro energy, along with conventional sources like coal, oil and gas. Thermal power was the predominant type of installed capacity in India, accounting for 63.5% of the total installed capacity in FY 2019. The commissioning of various Ultra Mega Power Projects (UMPPs) based on thermal power attributed to the largest share of thermal power in the country?s energy mix. Renewable energy accounts for 21.8% of the total installed capacity in India in FY 2019, and is the second-leading source of energy in the country. The Indian government?s ambitious target of installing 175 GW of renewable energy capacity, coupled with the establishment of solar parks and the solar city program propelled the growth of clean energy in the country. Furthermore, financial incentives offered by the government are likely to encourage state-owned operators to invest in clean energy parks and ultra-mega renewable energy power parks (UMREPPs). Nuclear and hydro are other prominent sources of power in India. In order to utilize the enormous hydro-energy potential (~600 billion units per annum), the country has set a target to add 1190 MW of hydro capacity (600 MW in the center 379 MW in private sector, and 211 MW in states) by FY 2020. As of FY 2019, India has 6.78 GW of nuclear energy installed, which is operated by the Central government owned Nuclear Power Corporation of India Limited (NPCIL). Market influencers: Soaring demand from the industrial and domestic sectors is a major factor driving the Indian power sector. The industrial sector in India expanded significantly over the past few years, marked by the steady increase in the index of industrial production (IIP) for the electricity domain, from 126.6 in FY 2015 to 156.9 in FY 2019. The industrial sector has been the largest power consumer in India, accounting for around 44.1% of the total power consumption in FY 2019. On the other hand, the consumption from the domestic sector increased swiftly at 7.5% during the FY 2010-FY 2019 period. Improved access to electricity, surge in sales of white goods, and spurring demand for LED bulbs have propelled the demand from the domestic sector. Furthermore, supportive government policies such as UDAY 2.0, 24x7 - Power for All, SAUBHAGYA, UJALA Scheme, Green Energy Corridor, and vehicle electrification aided the growth of the Indian power sector. The constrained supply of raw materials poses a substantial challenge for the Indian power sector. Players are struggling to acquire raw materials for power generation due to inconsistency in domestic coal supply, fluctuation in international coal prices and shortage of natural gas. Furthermore, the weak infrastructure of the transmission and distribution (T&D) system leads to T&D losses, affecting the power sector. The T&D loss in India is around 20%, which is much higher than other Asian countries. Of late, the thermal power sector has been facing challenges on account of environmental issues, tariff structure, and difficulty in acquiring power purchase agreements (PPA). Competitive landscape The power sector in India is slowly moving towards consolidation, owing to the presence of established players with a keen focus to expand their businesses through inorganic growth strategies. Small companies, on the other hand, are striving to sustain in the highly competitive market. In September 2019, Adani Power Limited acquired 100% stake of Bikaner Khetri Transmission Ltd (BKTL). Furthermore, NTPC Limited and Adani Power Limited are competing to purchase the stressed power project of Avantha Group. Key players in the thermal power sector include CESC Limited, Jindal Steel and Power Limited, GMR Energy Ltd and Adani Power Limited. Companies covered ? Adani Power Limited ? CESC Limited ? Damodar Valley Corporation (DVC) ? NHPC Limited ? NTPC Limited ? SJVN Limited ? Suzlon Energy ? Tata Power Limited ? Websol Energy System Limited ? Nuclear Power Corporation of India Limited (NPCIL)...

  • Id : RNR-885716
  • Category : Energy Resources
  • Pages : 96

The robust growth of the Indian solar rooftop market can be attributed to the government?s initiative of installing 40GW of solar energy capacity by 2022. Building smart cities is also contributing to the growth of the market. The industry exhibited an increase in solar rooftop capacity addition from 38 MW in 2012 to 3855 MW in 2018, expanding at a compound annual growth rate (CAGR) of ~116% during the (2019-2024) period. Market Insights Solar rooftop is the fastest-growing sub-sector of non-conventional energy in India. It is mainly due to its advantageous position in the solar belt (400 S to 400 N) that the country enjoys being one of the best beneficiaries of solar energy. Formulation of favourable government policies, growing awareness about renewable energy sources among masses, increasing investments, rising cost competitiveness and tax benefits are the major factors driving the industry. However, limited availability of funds, policy and regulatory hindrances, and non-uniform grid assimilation are the major hurdles to the growth of the market. The industry is moving towards adopting disruptive technologies like artificial intelligence (AI) and machine learning (ML) to leverage operational efficiency. Market Segment Insights Solar energy comprises more than 30% of the total renewable energy count in India. Ground mounts still constitute a significant portion of the solar energy generation in the country. Industrial users are the major consumers of solar rooftop energy, followed by the commercial sector. Its penetration in the residential sector is considerably less but is expected to grow rapidly, owing to the increasing awareness about renewable energy in the country. Solar Photovoltaic is becoming the largest market for new investors among all non-conventional energy sources. Government Initiative The government has been formulating several policies to boost solar energy generation in India. The National Solar Mission plans to scale up the renewable power generation to 100 GW by 2022, out of which the contribution of solar power is expected to be of 20 GW. Moreover, the government in the Union Budget of 2018-2019 announced zero import duty on parts used in manufacturing solar panels. State-wise Market Insights: The solar rooftop capacity addition has increased from 337 MW in 2015 to 2368 MW in 2019. Karnataka ranked the first in terms of total solar capacity addition (both ground mount and rooftop), followed by Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh, and Punjab. Gujarat became the leading state in solar rooftop capacity addition in India in 2019 with a total of 261.97 MW of solar rooftop systems installations. Competition Analysis The industry is dominated by a few major players like Tata Power Solar Systems Limited, Vikram Solar, and Kotak Urja Private Limited. On the other hand, new players like Loom Solar and Mahindra Susten Private Limited are gaining considerable share in the market. Global firms like Trina Solar (world?s second-largest solar player) has recently entered the solar industry in India. Companies covered ? Websol Energy System Limited ? Azure Power India Private Limited ? Emmvee Photovoltaic Power Private Limited ? Kotak Urja Private Limited ? Loom Solar Private Limited ? Mahindra Susten Private Limited ? Photon Energy Systems Limited ? Tata Power Solar Systems Limited ? Vikram Solar Limited ? Waaree Energies Limited ...

  • Id : RNR-885703
  • Category : Energy Resources
  • Pages : 51

Netscribes' latest market research report titled Smart Cities Market in India 2015 states that a large amount of investments has been planned for Smart Cities in India. However, it will take some time to generate considerable returns on investments as the concept has just been initialized. The Government of India has allocated INR 70.6 bn in the Union Budget 2014-15 to develop 100 Smart Cities in the country. To encourage development of Smart Cities, with respect to FDI in the construction development sector, the condition for built up area has also been reduced from 50,000 sq. m to 20,000 sq. m. Relaxed norms and increased government initiatives will ensure that investment in Smart Cities will continue to rise. The Union Cabinet has approved the central government spending worth INR 980 bn under two new urban missions over the next five years. The two schemes, INR 480 bn for Smart City Mission and INR 500 bn for Atal Mission for Rejuvenation and Urban Transformation, may merge at some point. The Smart Cities will provide good infrastructure such as water, sanitation, reliable utility services, health care; attract investments; transparent processes that make it easy to run a commercial activities; simple and on line processes for obtaining approvals, and various citizen centric services. ...

  • Id : RNR-885291
  • Category : Energy Resources
  • Pages : 106

The new report, ?Waste Management Market in India', states that increasing urbanization has resulted in considerable increase in the volume of waste generated in India. Due to increasing urbanization an increasing fraction of individuals enter cities leading to high levels of waste creation. Corporate and government initiatives have boosted the market forward. Consciousness among corporate houses is increasing which has led them to take various initiatives for the safe disposal of wastes. Additionally, the government and NGOs are creating awareness regarding the nuances of ineffective waste management. Municipalities and corporate are becoming more aware of their responsibilities and they are taking effective steps from their end. Furthermore, government organizations are tying up with various waste management companies which are in a position to offer good services. The government is also spreading the need for safe disposal of wastes. However, the industry has also some pain points. Poor infrastructure deters the development of the market. Lack of segregation and collection at source causes various types of wastes to be treated in the same way or they are simply not treated. Consumers often neglect e-waste mandates due to lack of interest and complex procedure of waste submission. One of the major trends identified are that metros and other bigger cities contribute heavily to the amount of waste generated. PE investors have taken increased interest in waste management companies. It has been seen that waste to energy power plants are becoming an area of focus for the government and private players alike. ...

  • Id : RNR-885264
  • Category : Energy Resources
  • Pages : 93

Netscribes' latest market research report titled Power Sector in India 2014 states that consumption of electricity is going to rise in the coming years. India is among the top energy users in the world. Region-wise installed capacity has increased over the last few years. Keeping in mind the growth in consumption, the government is taking measures to increase the installed capacity to minimize the demand and supply gap. There has been a shift from the traditional value chain to the modern value chain in the power sector. In India, power sector is governed by stringent government regulations. Mainly the National Electricity Policy and the Tariff Policy governs the power sector in India. The future of power sector in India is very bright. Power sector - India contributes to the GDP of the country. Private-public-partnership model (PPPs) especially in the infrastructure sector is gaining prominence in the country. Growth in the manufacturing sector along with growth in the residential consumption has driven the power sector. Other factors such as rural electrification programs and realization of emerging dreams have driven the sector. Shortage of coal is a major challenge which is manifested in the inability to minimize the demand and supply deficit. Huge transmission losses and improperly maintained infrastructure contributed to the challenges. Increase in FDI has increased along with private equity firms showing interest in the power sector. Increase in domestic investments has also increased. ...

  • Id : RNR-885248
  • Category : Energy Resources
  • Pages : 80

Netscribes' latest market research report titled Solar Photovoltaic Market in India 2014 states that the renewable energy sector is gaining prominence in India. With the country facing a continuous shortfall in the supply of conventional sources required to meet the increasing demand for energy in recent years, the focus is gradually shifting from conventional to renewable sources of energy. In order to reduce the current demand-supply gap for electricity within the country, the renewable energy sector has to be given high importance. With several solar PV projects coming up under the Jawaharlal Nehru National Solar Mission (JNNSM), the demand for PV cells and modules is expected to increase significantly. Moreover, the capital costs involved in setting up solar PV projects in India, along with the feasible geographical location of the country that enables it to receive around 3,000 hours of sunshine each year, makes solar PV a highly viable option for electricity generation. The domestic solar PV industry has also attracted significant investments over the past few years. These factors will ensure that the market continues to exhibit steady future growth. The Government of India is actively involved in the development of the renewable energy sector. Through its various programs, it has directly and indirectly benefitted the solar PV industry. The market is characterized by high competition among players. Although the import of low cost products from China has had a negative impact on the business of organized players, the market continues to exhibit steady growth which is expected to benefit the industry as a whole. ...

  • Id : RNR-885238
  • Category : Energy Resources
  • Pages : 102

Netscribes' latest market research report titled E-Waste Market in India 2014 describes the dynamics of e-waste recycling in India. E-waste is generated when electronic products reach the end of their lifecycle or utility to the consumer, and needs to be properly recycled to minimize environmental risks. Televisions, personal computers and refrigerators are the largest contributors to e-waste generation in India. Large volume of e-waste in India gets recycled by the informal sector, which is often ill-equipped to handle the hazardous elements such as lead, mercury and others. Demand for e-waste management in India is driven by a sharp rise in electronic gadgets consumption, rapid technology obsolescence and increased awareness regarding safe and responsible disposal of e-waste. However, e-waste companies in India find it difficult to negotiate ?reserve price' or minimum price for collection of e-waste from corporate organizations, as well as prevent disposal of such waste to scrap collectors at a lower price. Thus, government intervention is required to enforce strict policies regarding disposal of e-waste, and to form more tie-ups with international organizations for their expertise and technical acumen. ...

  • Id : RNR-885223
  • Category : Energy Resources
  • Pages : 75

Netscribes' latest market research report titled Wind Power Market in India 2014 analyses how the renewable energy sector is gaining importance in India and how wind energy has become an indispensable part of this sector. With the gap in demand and supply of energy increasing at a steady pace, it has become necessary to look beyond conventional sources for generating energy. This has led to a shift in focus from thermal power plants to renewable sources of energy. With wind energy related equipment being the easiest and least expensive to set up among the various types of renewable energy, the latter has emerged as the fastest growing segment. The high prices and lack of easy availability of raw materials for generating electricity through thermal plants is also driving growth in the market. However, the central government's decision to withdraw the Accelerated Depreciation Scheme and withdrawal of the Generation-Based Incentive scheme, before it was reinstated in Aug 2013, led to considerable decline in market growth during the previous year. The market is, however, expected to become stable and once again start exhibiting steady growth. Several government and industry bodies are working towards developing the market and wind energy producers are being provided various incentives. Majority of the players operating in the market are foreign companies and there is stiff competition among these players. New trends such as off-shore wind energy generation, hybrid generators that include solar photovoltaic and wind, and wind and diesel, and the advent of small wind turbines comprise crucial future driving factors for this market. ...

  • Id : RNR-885183
  • Category : Energy Resources
  • Pages : 118

Netscribes' latest market research report titled Photovoltaic Generator Market in India 2014 states that the renewable energy sector is gaining prominence in India. With the country facing a continuous shortfall in the supply of conventional sources required to meet the increasing demand for energy in recent years, the focus is gradually shifting from conventional to renewable sources of energy. In order to reduce the current demand-supply gap for electricity within the country, the renewable energy sector has to be given high importance. With several solar PV projects coming up under the Jawaharlal Nehru National Solar Mission (JNNSM), the demand for PV cells and modules is expected to increase significantly. Moreover, the capital costs involved in setting up solar PV projects in India, along with the feasible geographical location of the country that enables it to receive around 3,000 hours of sunshine each year, makes solar PV a highly viable option for electricity generation. The domestic solar PV industry has also attracted significant investments over the past few years. These factors will ensure that the market continues to exhibit steady future growth. The Government of India is actively involved in the development of the renewable energy sector. Through its various programs, it has directly and indirectly benefitted the solar PV industry. The market is characterized by high competition among players. Although the import of low cost products from China has had a negative impact on the business of organized players, the market continues to exhibit steady growth which is expected to benefit the industry as a whole. ...

  • Id : RNR-885172
  • Category : Energy Resources
  • Pages : 111

Netscribes' latest market research report titled Power Backup Market in India 2014 states the demand-supply gap in power distribution as the main reason for the boom in the power backup market. The power backup sector can be categorized into four broad segments, UPS, Diesel Generators, Inverters and Batteries. UPS segment has witnessed a consistent rise in demand owing to the rapid development of the IT sector along with growing consciousness among individuals to protect costly electronic equipments which can be adversely affected by sudden power failures. Demand for generator sets come from various sectors such as IT and ITes, telecom and construction while inverters are primarily used in households, shops and commercial establishments. Manufacturing hub of the Indian power backup industry is concentrated in North India, particularly Himachal Pradesh, and Kolkata. Power deficit in the southern region of the country has triggered the demand for power backup in these regions. Tamil Nadu, Karnataka and Kerala generate the highest share of the overall demand for power backup in the country. Shortage in coal and gas, the primary raw materials for power generation, further aggravates the shortage in power supply. With time, consumers have emerged to be less tolerant about the duration of power cuts, thus providing tremendous growth prospects, which players can capitalize upon. ...

  • Id : RNR-885169
  • Category : Energy Resources
  • Pages : 118

Netscribes' latest market research report titled Water and Wastewater Management Market in India 2014 deliberates on the current disparity between demand and supply of usable water and mentions that wastewater management can be revolutionary, given its economic benefits and significance as a strategy for catering to the poor. In India, large volumes of wastewater that are discharged in an unprocessed manner by industries, enter the human chain and result in outbreak of water-borne diseases, contaminated water-related deaths and environmental degradation. While various policies are being drafted by the government to foster economic growth, an essential ingredient for progress of a country lies in mitigating water related woes and efficient water management. The report discusses India's current water condition and its wastewater treatment framework. While growing urban population and heavy rainfall calling for proper rainwater harvesting hints at wastewater treatment being a necessity, the prevalent truth is that India is lagging with regard to wastewater management. Even the government's Twelfth Five Year Plan (2012-2017) states that an economic growth of 8-9% is possible only if water related requirements of the growing population are met. Although the industry is still at a nascent stage, government and industry bodies are increasingly looking at strategic policies to build more treatment plants and thereby, reduce wastewater and related environmental degradation. ...

  • Id : RNR-885165
  • Category : Energy Resources
  • Pages : 153

Netscribes' latest market research report titled Wind Turbine Market in India 2014 mentions that renewable energy is gaining prominence within the country. Wind energy accounts for majority of the renewable energy generated in the country. With India facing continuous shortfall in the supply of energy required to cater to the demands of its growing population through conventional sources, the focus is shifting from conventional to renewable sources of energy. As more and more wind power projects are being planned for this reason, the market for wind turbines is also expected to grow. Various other reasons such as high prices and the lack of easy availability of raw materials for generating electricity through thermal plants are also responsible for driving growth within the market. However, the government's decision to withdraw various schemes that provided several incentives to wind energy producers in the past is having a negative impact on the market's growth. Off-shore wind energy generation, hybrid generators such as solar photovoltaic, wind and diesel as well as the advent of small wind turbines are some of the key trends that are being witnessed in the industry at present. Several government and industry bodies are working towards the development of the market and various policy and regulatory incentives are being provided to wind energy producers. However, the market remains import dependent. Majority of the players operating in the market are foreign companies and there is stiff competition among these players. The advancements in technology and the resultant reduction in costs will ensure that the market will grow steadily over the next few years. ...

  • Id : RNR-885161
  • Category : Energy Resources
  • Pages : 124

Netscribes' latest market research report titled Power Backup Market in India 2013 identifies the demand supply gap in power distribution as the primary reason for the boom in demand within the domestic power backup market. The power backup sector can be categorized into four broad segments, UPS, Diesel Generators, Inverters and Batteries. UPS segment has witnessed a consistent rise in demand owing to the rapid development of the IT sector, along with growing consciousness among individuals about protecting costly electronic equipment that can be adversely affected by sudden power failures. Demand for gensets comes from various sectors such as IT and ITes, telecom and construction, while inverters are primarily used in households, shops and commercial establishments. Manufacturing hub of the Indian power backup industry is concentrated in North India, particularly Himachal Pradesh and Kolkata. Power deficit in Southern India has triggered the demand for power backup in this region, with Tamil Nadu, Karnataka and Kerala representing the highest share. Shortage in coal and gas, the primary raw materials for power generation, further aggravates the shortage in power supply. With time, consumers have emerged as being less tolerant about the duration of power cuts, which provides future growth prospects for the players to capitalize upon....

  • Id : RNR-885156
  • Category : Energy Resources
  • Pages : 119

Netscribes' latest market research report titled Smart Grid Market in India 2013 covers a wide spectrum of concerns in the smart grid industry and identifies several factors impacting smart grid deployment in India. A Smart Grid is an ?energy internet' that delivers real time energy information through technologies that help stabilize existing grids with precise power control. The technology has emerged as a growing phenomenon in the global industrial arena and has also been given high national priority by the Indian Government. 14 pilot projects have been initiated and the market has also witnessed substantial investments from local and international players. The boom in the sector has also attracted several IT majors who have formed partnerships to develop Smart Grid solutions in India. The smart grid industry is also witnessing a global pull owing to the US based sector's target of 80% renewable and 100% consumer participation in smart grid technology by 2035. China has also revealed plans to roll out 300 mn smart meters by 2015. The demand-supply gap of power in India will also act as a major driver for smart grids in the Indian market. The market's affinity for renewable energy is also expected to stimulate its demand. The report also identifies a few pain points in the industry that includes the need for larger investments and awareness in the market. Events such as Smart Grid Summit and World Smart Grid Conference are therefore being organized to gather, discuss and find solutions for Smart Grid development in India. The Ministry of Power (Government of India) has constituted two organizations such as ISGF and ISGTF for developing Smart Grid Technology in India, according to the report. ...

  • Id : RNR-885150
  • Category : Energy Resources
  • Pages : 127