Renewable
Consulting Services for Renewable
It is globally accepted that renewable energy is the present and future in the energy industry. Be it any kind of non-conventional energy, the rapid technological advancement and the push provided by government policies are helping the renewable industry to promote its growth at a rapid level where the solar segment is leading the industry growth.
The solar industry when reviewed is seen as fragmented into two domains, the core product domain consisting of solar cells, back sheet, silicon ingots, etc. And the forward channel consists mainly of project-based installation and commissioning of solar projects in B2B and B2C industries. The core product industry has been dominated by China, Japan, and other Southeast Asian Countries for many years.
The core product market is a specialized segment that requires production expertise as the core products are highly technical and can affect the efficiency of conversion if not done properly, which translates to higher brand loyalty in the segment. While in the installation market the switching cost to customers is not much and there are a lot of options to choose from. Here, the only differentiating factor is the service provided to the customer, which also has a limited scope of work.
The Indian renewable market is expected to grow at a CAGR of 10.1% in the next 5 years. Renewables as a whole segment is the driver of the future which comes with its own challenges which if managed efficiently can certainly be a place to be in the future.
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