Key Insights
The India rooftop solar market is experiencing robust growth, driven by increasing electricity demand, rising energy costs, supportive government policies like the National Solar Mission, and a growing awareness of environmental sustainability. The market's Compound Annual Growth Rate (CAGR) of 18.73% from 2019 to 2024 suggests a significant expansion, indicating strong investor confidence and consumer adoption. While precise market size figures for past years aren't provided, extrapolating from the available data and considering the market's trajectory, we can estimate substantial growth from a likely smaller base in 2019 to a larger size in 2024. This growth is further fueled by the declining cost of solar photovoltaic (PV) technology, making rooftop solar increasingly cost-competitive with traditional grid electricity. The market is segmented by end-user (industrial, commercial, residential) and grid type (on-grid, off-grid), with the residential segment poised for significant growth due to increasing homeownership and government incentives.
The competitive landscape is dynamic, with key players like Orb Energy, Mahindra Susten, Amplus Solar, and Tata Power Solar Systems leading the market. These companies are investing heavily in research and development, enhancing product offerings, and expanding their distribution networks to cater to the rising demand. However, challenges remain, including the high initial investment cost for rooftop solar systems, complexities in obtaining regulatory approvals and financing, and dependence on favorable weather conditions. Despite these hurdles, the long-term outlook for the India rooftop solar market remains positive, with a projected continued expansion through 2033 driven by technological advancements, supportive policies, and a growing commitment to renewable energy. Regional variations exist, with potential for uneven growth across North, South, East, and West India due to differences in solar irradiance, economic development, and policy implementation.

India Rooftop Solar Market: A Comprehensive Market Report (2019-2033)
This in-depth report provides a comprehensive analysis of the India rooftop solar market, encompassing market dynamics, growth trends, regional segmentation, product landscape, key players, and future outlook. The study period covers 2019-2033, with 2025 as the base and estimated year. This report is crucial for industry professionals, investors, and stakeholders seeking a clear understanding of this rapidly expanding sector. The report leverages extensive data and qualitative insights to provide actionable intelligence.
India Rooftop Solar Market Dynamics & Structure
The Indian rooftop solar market is characterized by increasing market concentration, driven by the expansion of large players and strategic mergers & acquisitions (M&A). Technological innovation, particularly in PV module efficiency and energy storage solutions, is a key growth driver. Favorable government policies and regulatory frameworks, including net metering policies and tax incentives, are further boosting adoption. However, high initial investment costs and complex installation processes remain significant barriers. Competition from traditional energy sources and the availability of cheaper alternatives represent challenges. The market shows a strong shift towards on-grid systems due to increasing grid reliability.
- Market Concentration: The top 10 players hold approximately xx% market share (2024 estimate). M&A activity is expected to increase the concentration further in the forecast period.
- Technological Innovation: Focus on increasing PV efficiency, reducing BOS (Balance of System) costs, and integrating energy storage systems.
- Regulatory Framework: Government incentives and supportive policies are crucial for market growth. Streamlining approval processes is vital.
- Competitive Product Substitutes: Traditional power sources, though facing increasing pressure, are still significant competitors.
- End-user Demographics: Industrial and commercial sectors are major consumers, followed by a rapidly growing residential segment.
- M&A Trends: xx deals were recorded in the historical period (2019-2024), with a predicted xx deals for 2025-2033. Consolidation is expected to accelerate.
India Rooftop Solar Market Growth Trends & Insights
The Indian rooftop solar market has experienced remarkable growth in recent years, driven by a confluence of factors including escalating energy demands, soaring electricity prices, and a heightened awareness of environmental sustainability. Between 2019 and 2024, the market expanded significantly, demonstrating a robust Compound Annual Growth Rate (CAGR). This positive trajectory is projected to continue, with forecasts indicating substantial market expansion by 2033. This growth is fueled by several key elements: technological advancements such as higher-efficiency solar panels and sophisticated smart energy management systems; supportive government policies and incentives designed to accelerate adoption; and a rapidly evolving consumer landscape increasingly prioritizing sustainable energy solutions. Residential solar adoption is outpacing commercial growth, indicating a strong shift in consumer behavior toward environmentally conscious choices.
Dominant Regions, Countries, or Segments in India Rooftop Solar Market
Within India, the states of Maharashtra, Gujarat, and Karnataka are currently leading the rooftop solar market. This dominance can be attributed to several factors: favorable state-level policies encouraging renewable energy adoption; strong industrial bases creating significant energy demand; and a substantial commercial and industrial sector actively seeking cost-effective energy alternatives. The industrial sector constitutes the largest end-user segment, driven by high energy consumption and the significant cost-saving potential offered by rooftop solar. The on-grid segment holds a larger market share than the off-grid segment, reflecting improvements in grid infrastructure reliability and accessibility.
- Key Drivers:
- Government support: Substantial financial incentives and streamlined permitting processes are accelerating market growth.
- High electricity costs: Rising commercial and industrial electricity tariffs are making rooftop solar a financially compelling option.
- Environmental consciousness: Growing public awareness of climate change and the benefits of sustainable energy is driving demand.
- Improved grid infrastructure: Enhanced grid reliability and capacity are facilitating greater on-grid solar adoption.
- Dominance Factors:
- Concentrated industrial hubs: Regions with high energy-intensive industries benefit most from rooftop solar installations.
- Corporate leadership: Large corporations are leading the adoption of rooftop solar, demonstrating its viability and benefits.
- Regional policy support: States with pro-renewable energy policies are experiencing faster market growth.
- Skilled workforce availability: A readily available workforce of skilled installers and technicians is crucial for project implementation.
India Rooftop Solar Market Product Landscape
The Indian rooftop solar market offers a range of products, including monocrystalline and polycrystalline PV modules, inverters, mounting structures, and energy storage systems. Recent product innovations focus on improving efficiency, durability, and aesthetics, while also enhancing ease of installation and maintenance. Manufacturers are emphasizing energy storage solutions to address intermittent solar power generation. The market is witnessing increasing adoption of advanced technologies such as bifacial solar panels and smart inverters for optimization.
Key Drivers, Barriers & Challenges in India Rooftop Solar Market
Key Drivers: Government initiatives like the National Solar Mission, coupled with decreasing solar panel costs, drive market expansion. Rising electricity tariffs and environmental concerns also motivate businesses and households to adopt rooftop solar.
Key Challenges: High upfront capital costs, complex regulatory approvals, and limited awareness in rural areas remain significant obstacles. Land availability in urban areas and potential issues with grid integration pose further challenges. The lack of standardized installation practices can lead to quality inconsistencies.
Emerging Opportunities in India Rooftop Solar Market
Significant untapped potential exists in rural areas and smaller cities, where off-grid and hybrid systems can address energy access issues. The integration of rooftop solar with energy storage and smart home solutions creates a significant opportunity for growth. The emergence of innovative financing options, such as power purchase agreements (PPAs), makes rooftop solar more accessible to a wider customer base. This market also showcases an opportunity in the agri-voltaics segment.
Growth Accelerators in the India Rooftop Solar Market Industry
Technological advancements in solar PV technology, coupled with strategic partnerships between energy companies and technology providers, are key growth accelerators. Government incentives and supportive policies are driving wider market penetration, while expanding the focus into untapped market segments further enhances future potential.
Key Players Shaping the India Rooftop Solar Market Market
- Orb Energy Pvt Ltd
- Mahindra Susten Pvt Ltd
- Amplus Solar Power Pvt Ltd
- Roofsol Energy Pvt Ltd
- Fourth Partner Energy Pvt Ltd
- Cleantech Energy Corporation Pte Ltd
- Tata Power Solar Systems Limited
- Sunsource Energy Pvt Ltd
- Clean Max Enviro Energy Solutions Pvt Ltd
- Growatt New Energy Technology Co Ltd
Notable Milestones in India Rooftop Solar Market Sector
- April 2024: Apple's significant investment in six rooftop solar projects (14.4 MW) in Mumbai and Delhi, in partnership with CleanMax, underscores the growing commitment from multinational corporations and signifies substantial market expansion in the commercial sector.
- March 2024: GAIL (India)'s call for bids for a large-scale rooftop solar project in the Krishna Godavari Basin highlights the ongoing government investment in renewable energy and presents significant market opportunities for developers.
- [Add more recent milestones here with dates and brief descriptions]
In-Depth India Rooftop Solar Market Market Outlook
The Indian rooftop solar market is poised for sustained growth, driven by favorable policy support, technological advancements, and rising energy demand. Strategic partnerships and innovative financing mechanisms will further accelerate market penetration. Expanding into underserved markets and developing hybrid energy solutions present significant opportunities for future growth and market leadership.
India Rooftop Solar Market Segmentation
-
1. End-user
- 1.1. Industrial
- 1.2. Commercial (Including Public Sector)
- 1.3. Residential
-
2. Grid Type (Qualitative Analysis Only)
- 2.1. On-grid
- 2.2. Off-grid
India Rooftop Solar Market Segmentation By Geography
- 1. India

India Rooftop Solar Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 18.73% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Government Emphasis Towards Renewable Energy Integration4.; Increasing Demand in the Commercial and Industrial Sector
- 3.3. Market Restrains
- 3.3.1. 4.; Slow-Paced Installation of Rooftop Projects
- 3.4. Market Trends
- 3.4.1. The On-grid Segment is Expected to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. India Rooftop Solar Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End-user
- 5.1.1. Industrial
- 5.1.2. Commercial (Including Public Sector)
- 5.1.3. Residential
- 5.2. Market Analysis, Insights and Forecast - by Grid Type (Qualitative Analysis Only)
- 5.2.1. On-grid
- 5.2.2. Off-grid
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. India
- 5.1. Market Analysis, Insights and Forecast - by End-user
- 6. North India India Rooftop Solar Market Analysis, Insights and Forecast, 2019-2031
- 7. South India India Rooftop Solar Market Analysis, Insights and Forecast, 2019-2031
- 8. East India India Rooftop Solar Market Analysis, Insights and Forecast, 2019-2031
- 9. West India India Rooftop Solar Market Analysis, Insights and Forecast, 2019-2031
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Orb Energy Pvt Ltd
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Mahindra Susten Pvt Ltd
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Amplus Solar Power Pvt Ltd
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Roofsol Energy Pvt Ltd*List Not Exhaustive 6 4 Market Ranking Analysi
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Fourth Partner Energy Pvt Ltd
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Cleantech Energy Corporation Pte Ltd
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Tata Power Solar Systems Limited
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Sunsource Energy Pvt Ltd
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Clean Max Enviro Energy Solutions Pvt Ltd
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Growatt New Energy Technology Co Ltd
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.1 Orb Energy Pvt Ltd
List of Figures
- Figure 1: India Rooftop Solar Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: India Rooftop Solar Market Share (%) by Company 2024
List of Tables
- Table 1: India Rooftop Solar Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: India Rooftop Solar Market Volume Gigawatt Forecast, by Region 2019 & 2032
- Table 3: India Rooftop Solar Market Revenue Million Forecast, by End-user 2019 & 2032
- Table 4: India Rooftop Solar Market Volume Gigawatt Forecast, by End-user 2019 & 2032
- Table 5: India Rooftop Solar Market Revenue Million Forecast, by Grid Type (Qualitative Analysis Only) 2019 & 2032
- Table 6: India Rooftop Solar Market Volume Gigawatt Forecast, by Grid Type (Qualitative Analysis Only) 2019 & 2032
- Table 7: India Rooftop Solar Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: India Rooftop Solar Market Volume Gigawatt Forecast, by Region 2019 & 2032
- Table 9: India Rooftop Solar Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: India Rooftop Solar Market Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 11: North India India Rooftop Solar Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: North India India Rooftop Solar Market Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 13: South India India Rooftop Solar Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: South India India Rooftop Solar Market Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 15: East India India Rooftop Solar Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: East India India Rooftop Solar Market Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 17: West India India Rooftop Solar Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: West India India Rooftop Solar Market Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 19: India Rooftop Solar Market Revenue Million Forecast, by End-user 2019 & 2032
- Table 20: India Rooftop Solar Market Volume Gigawatt Forecast, by End-user 2019 & 2032
- Table 21: India Rooftop Solar Market Revenue Million Forecast, by Grid Type (Qualitative Analysis Only) 2019 & 2032
- Table 22: India Rooftop Solar Market Volume Gigawatt Forecast, by Grid Type (Qualitative Analysis Only) 2019 & 2032
- Table 23: India Rooftop Solar Market Revenue Million Forecast, by Country 2019 & 2032
- Table 24: India Rooftop Solar Market Volume Gigawatt Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the India Rooftop Solar Market?
The projected CAGR is approximately 18.73%.
2. Which companies are prominent players in the India Rooftop Solar Market?
Key companies in the market include Orb Energy Pvt Ltd, Mahindra Susten Pvt Ltd, Amplus Solar Power Pvt Ltd, Roofsol Energy Pvt Ltd*List Not Exhaustive 6 4 Market Ranking Analysi, Fourth Partner Energy Pvt Ltd, Cleantech Energy Corporation Pte Ltd, Tata Power Solar Systems Limited, Sunsource Energy Pvt Ltd, Clean Max Enviro Energy Solutions Pvt Ltd, Growatt New Energy Technology Co Ltd.
3. What are the main segments of the India Rooftop Solar Market?
The market segments include End-user , Grid Type (Qualitative Analysis Only) .
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Government Emphasis Towards Renewable Energy Integration4.; Increasing Demand in the Commercial and Industrial Sector.
6. What are the notable trends driving market growth?
The On-grid Segment is Expected to Dominate the Market.
7. Are there any restraints impacting market growth?
4.; Slow-Paced Installation of Rooftop Projects.
8. Can you provide examples of recent developments in the market?
April 2024: Apple announced forming a joint venture with renewable energy developer CleanMax to invest in six rooftop solar projects to power its operations in India. The solar project is expected to have a total capacity of 14.4 MW and, when operational, will provide a local solution to power the company’s offices and two retail stores in Mumbai and New Delhi.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Gigawatt.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "India Rooftop Solar Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the India Rooftop Solar Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the India Rooftop Solar Market?
To stay informed about further developments, trends, and reports in the India Rooftop Solar Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence