India’s Emerging Solar PV Market

India’s solar photovoltaic (PV) sector has undergone unprecedented acceleration between 2024 and 2030; driven by record solar installations, strengthened domestic manufacturing, and transformative policy initiatives such as the PM Surya Ghar Yojana. Annual solar additions are projected to exceed 50 GW in 2026, positioning
India as the world’s second-largest solar market behind China. This IEEE-formatted report refines and reorganizes existing findings, integrating verified datasets from MNRE, NSEFI, JMK Research, BloombergNEF, and global efficiency databases. The study evaluates technology trends, state-wise deployment, efficiency benchmarks, and India’s strategic trajectory toward achieving 500 GW of non-fossil capacity by 2030.

India’s, Emerging, Solar, PV, Market

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