India Solar Powered Petrol Pump Market segmented by Connectivity (Off-grid and on-grid) and by state (Tamil Nadu, Karnataka, Uttar Pradesh, Gujarat, Andhra Pradesh, Rajasthan, West Bengal, Haryana, Punjab, Madhya Pradesh, Odisha, Delhi, Chhattisgarh, Kerala, Bihar and Maharashtra) will grow at 8 % CAGR.
Rise in electricity costs and fuel costs will drive the solar powered petrol pump market.
The only solution to combat this high rise in fuel and electricity costs is to adopt renewable sources of power like solar. Indian government gives 30% subsidy on solar installation so the initial cost of the solar solution goes down marginally. Solar system’s panels require open space at the pump to be installed.
Grid setup is best suited for petrol pumps as it offers maximum advantages.
Grid tie systems offer 98% efficiency in deriving solar power and eliminate the use of batteries completely thereby saving space and costs. Easy option of grid the use of batteries since most petrol pumps offer only day time operations, grid tie solar systems become easy options for these pumps.
Maharashtra to grow at faster pace.
Frequent power cuts in Andhra Pradesh and Maharashtra started switching to solar energy. IOCL which owns 24,000 of the 50,000-odd petrol pumps in the country would increase the number of solar-powered petrol pumps from 2,000 to 10,000 in the forecast.
This report includes a study of marketing and development strategies, along with the Connectivity portfolios of leading companies. It includes the profiles of leading manufacturers such as 24×7 Electrician Services, 3dot Energy, 3en Clean Tech Pvt. Ltd., 7Parallels Techno-Consultants Pvt. Ltd., A.S.Infra Tech, A&T Power Systems Pvt Ltd, A1 Power Solutions, AA Solar India, Aarinas Power & Renewable Energy, Aarinas Power & Renewable Energy, Aaron Power Solutions, Aarushee Solar Energy LLP, Aatap Energy, Aavishkar Solar Technologies LLP, Aay Pee Wind Solar Systems, AB Energía Solutions Pvt. Ltd., AB-HI Solar Pvt. Ltd
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the India solar powered petrol pump market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India solar powered petrol pump market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain India solar powered petrol pump market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Solar Powered Petrol Pump Market”.
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