India Solar Powered Petrol Pump Market
India Solar Powered Petrol Pump Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 8% during the forecast period. The rise in electricity costs and fuel costs will drive the solar-powered petrol pump market. The only solution to fight this high rise in fuel and electricity costs is to adopt renewable sources of power like solar. Indian government gives a 30% subsidy on solar installation so the initial cost of the solar solution goes down marginally. The solar system’s panels require open space at the pump to be installed. Grid-tie systems offer 98% efficiency in deriving solar power and eliminate the use of batteries thereby saving space and costs. Easy option of the grid the use of batteries since most petrol pumps offer only day time operations, grid-tie solar systems become easy options for these pumps. Petrol pumps can use any of the 2 types of solar grids used for solar set up namely On-Grid and Off-Grid. Grid setup is best suited fo...