Sector Outlook Archives - JMK Research & Analytics

13.75 GW of new module and 6.9 GW of new cell production capacity likely to be added in India in next 18 months

June 24, 2021

13.75 GW of new module and 6.9 GW of new cell production capacity likely to be added in India in next 18 months More than 80% of India’s local demand for solar modules have been met through imports from other Asian countries such as China, Vietnam and Malaysia. In CY2020, India imported USD 1,527 million worth of solar cells and modules. The country’s ambitious target of additional 280 GW of solar power installation by 2030 along with its high dependence…

One-third of 40 GW rooftop solar target expected to be achieved by 2022

March 12, 2020

JMK Research

Sector Outlook

One-third of 40 GW rooftop solar target expected to be achieved by 2022 As per JMK Research, by the end of 2022, the rooftop solar capacity in India is likely to reach 15-16 GW, which is only one-third of the 40 GW target set by the Government. In CY2019, India added about 2.1 GW of new rooftop solar capacity, and we are estimating another 2.5-3 GW of new rooftop solar capacity likely to be added in CY2020. However, there can…

RE installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added

November 7, 2019

JMK Research

Sector Outlook

Renewable installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added Solar The utility scale solar segment saw an addition of 4 GW in the first three quarters of 2019 and is expected to add another 4.5 GW in the last quarter. This cumulative capacity of 8.5 GW amounts to nearly 28% y-o-y growth. As per JMK Research estimates, the year 2020 is expected to witness 29% growth with the addition of another 11GW…

Lithium-ion batteries recycling in India

Recycling of lithium-ion batteries in India- $1,000 million opportunity

September 25, 2019

JMK Research

Sector Outlook

Recycling of lithium-ion batteries in India- $1,000 million opportunity The lithium-ion batteries market is expected to grow exponentially in the next five years in India. Some of the important initiatives by the Government of India that will accelerate the growth of lithium-ion batteries market in India are: National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020[1] Installation of 175 GW of renewable energy by 2022[2] As per JMK Research…