Bangladesh Solar Rooftop/Ground Mount Market (2023-2029) | Size, Industry, Trends, Analysis, Growth, Share, Revenue, Value, Segmentation, Outlook & COVID-19 IMPACT

Market Forecast By Application (Commercial, Industrial) And Competitive Landscape

Product Code: ETC4378005 Publication Date: Mar 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 105 No. of Figures: 26 No. of Tables: 9

Bangladesh Solar Rooftop/Ground Mount Market Synopsis

Bangladesh Solar Rooftop/Ground Mount Market is witnessing steep growth as the market has crossed its inflexion point and has entered the growth phase. However, it has been highly irregular and volatile on account of several factors such as international price level changes and supply chain disruptions as the market is heavily dependent on imports, land constraints, and high-density population, due to this factor, land acquisition is a major challenge among the players with frequent protests and strikes regarding the same worsening the Bangladesh solar outlook. However, despite its limitations and challenges the solar market has successfully been able to install their first mega projects in solar energy in 2021 and 2022 with 100 Megawatt and 275 Megawatt in Begarhat and Sundarganj. Thus, the Bangladesh Solar Rooftop/Ground Mount Industry in future would also witness mega projects like these but the irregularity in such large projects would continue in the country in near future due to the above-mentioned factors.

Bangladesh Solar Rooftop Ground Mount (On-grid) Market OverviewAccording to 6Wresearch, Bangladesh Solar Rooftop/Ground Mount market revenue is projected to grow at a CAGR of over 27.8% during 2023E-29F. The market in the coming future would witness healthy growth on the back of government initiatives such as full tax exemption till 2035 for those who started operating before 31st December 2022 and support such as high PPA tariff compared to other neighboring countries to the industry, rising positive attitude regarding solar energy among the factory owners and rising investments in the solar sector.

The recent commissioning of the 275 MW solar park developed in 14 months has shown that large projects can be effective and with limited time will take place in the country, however, the large ground-mounted project is still a risky investment for outsiders in the country. Thus, the market would likely witness low frequency and irregularity in large ground mount projects in the near future.

Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Revenue ShareMarket by Applications

The industrial sector accounts for 98.8% of the overall revenues of the Solar Rooftop/Ground Mount Market in Bangladesh as the country is predominantly an export-based country, thereby, to sustain its booming economy, it is crucial for industrial enterprises to adopt cost-efficient sources of energy to continue competitive offering in the market.

The industrial sector would continue to dominate the solar Rooftop/Ground Mount (On-grid) market and is expected to stand at 96.5% of the total market on the back of revenue generation through land-based ground mount projects.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Overview
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Overview, By Applications
  • Historical Data and Forecast of Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Revenues for the Period 2019-2029F
  • COVID-19 Impact Analysis
  • Market Drivers and Restraints
  • Industry Life Cycle
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market – Porter’s Five Forces
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Penetration, 2022
  • Risk Reward Analysis as Compared to India
  • Government Initiatives and Regulations
  • Key Performance Indicators
  • Bangladesh Rooftop/Ground Mount (On-grid) Market Upcoming Projects and Installed Capacity, 2022
  • Bangladesh Solar Capacity Forecast, 2030
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Opportunity Assessment
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Key Performance Indicators
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Pestle Analysis
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market – Supply Chain Analysis
  • Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Key Potential Tie-up
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Application

  • Commercial
  • Industrial
Bangladesh Solar Rooftop/Ground Mount Market: FAQs
The market in the coming future would witness healthy growth on the back of government initiatives such as full tax exemption till 2035 for those who started operating before 31st December 2022 and support such as high PPA tariff compared to other neighboring countries to the industry, rising positive attitude regarding solar energy among the factory owners and rising investments in the solar sector.
Bangladesh Solar Rooftop/Ground Mount market revenue is projected to grow at a CAGR of over 27.8% during 2023E-29F.
The industrial sector accounts for 98.8% of the overall revenues of the Solar Rooftop/Ground Mount Market in Bangladesh as the country is predominantly an export-based country, thereby, to sustain its booming economy, it is crucial for industrial enterprises to adopt cost-efficient sources of energy to continue competitive offering in the market.
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1. Executive Summary
2. Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Overview
3.1 Market Overview
3.2 Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Revenues (2019-2029F)
3.3 Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Industry Life Cycle
3.4 Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Porter’s Five Forces Model
3.5 Bangladesh Solar Rooftop/Ground Mount (On-grid) - Supply Chain Analysis
3.6 Bangladesh Solar Rooftop/Ground Mount (On-grid) - PESTEL Analysis
4. Impact Analysis of COVID-19 on Bangladesh Solar Rooftop/Ground Mount (On-grid) Market
5. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Trends & Evolution
7. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Overview, By Applications
8. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Penetration Rate (As on 2022)
9. Bangladesh Solar Energy - Installed Capacity and Upcoming Projects Analysis
9.1 Upcoming Projects
9.2 Installed Solar Capacity as of 2022
9.3 Solar Energy Forecast
10. Government Initiatives and Regulations
11. Bangladesh Solar Energy - Recent Key Trends on Project Costs, PPAs and Key Developments
12. Bangladesh Solar Energy - Key Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
13. Bangladesh Solar Energy - Key Strategies Adopted by Key Players
14. Bangladesh Solar Energy - Identification of Key Potential Tie-Up
14.1 Potential Tie-up – 1
14.2 Potential Tie-up – 2
14.3 Potential Tie-up – 3
15. Bangladesh Solar Energy - Target Mode of Operation to Achieve Higher Growth
16. Bangladesh Solar Energy - Risk and Reward Analysis as Compared to India
17. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Key Performance Indicators
18. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Key Formalities and Regulations for Setting up a Firm in Bangladesh
18.1 Pre-registration and Required Documents
18.2 Registration Procedure
18.3 Post Registration Formalities
18.4 Licenses, Permits and Return Filing & Timeline Required for Setting up a Firm
19. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market - Opportunity Assessment
20. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Competitive Landscape
20.1 Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Top 3 Companies, By Revenue Ranking (2022)
20.2 Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Key Companies Competitive Benchmarking, By Technical Parameters
21 Company Profiles
21.1 Exelon Bangladesh ltd.
21.2 Joules Power Limited
21.3 Bangladesh China Renewable energy company Pvt ltd.
21.4 Solar EPC Development ltd.
21.5 Australia Bangladesh Solar Power ltd.
21.6 Greenergy solutions limited
21.7 B-Trac Engineering Limited 
21.8 Bangladesh Export Import Company Limited
21.9 Orion Group
21.10 Paramount Textile Limited
22 Indian banks – Line of Credit Extension in Bangladesh
23 Key Strategic Recommendations
24 Disclaimer
List of Figures
 1. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Revenues, 2019-2022 ($ Million)
 2. Bangladesh Rooftop/Ground Mount (On-grid) Market Installed Solar Modules, 2022
 3. Bangladesh Rooftop/Ground Mount (On-grid) Market Installations, By Models as of 2022
 4 . Bangladesh Export Statistics, 2018-2022 ($ Billion)
 5 . Bangladesh Manufacturing Facility Closures, 2020
 6. Bangladesh Total RMG Exports, 2016 - 2021 ($ Billion)
 7. Bangladesh Total Textile Exports, 2020 ($ Billion)
 8. Bangladesh Electricity Generation Mix, 2022
 9. Bangladesh Rooftop/Ground Mount (On-grid) Market Revenue Share, By Applications, 2022 & 2029F
 10. Solar Capacity Mix in Bangladesh, 2022
 11. Bangladesh Solar Capacity Forecast, (2022-2030F)
 12. PPA Tariff by Neighbouring Countries  2020, $ per kWh
 13. Project Cost in Bangladesh,  2021 & 2022, $ per Watt
 14. 1 Kilowatt Electricity Price, 2022, $
 15. Average Price for a Kilowatt Solar Panel, 2022 in, $ 
 16. India and Bangladesh Population Density, (2011-2020)
 17. Installation Cost per Watt, 2022 in $ 
 18. Corruption Index Out of 180 Countries, 2022
 19.  Solar Capacity Additions in India and Bangladesh, 2019 & 2021, Megawatt  
 20.  FDI Net Inflows, 2018-2021, $ Billion  
 21. Bangladesh Textile Manufacturer Share Region-Wise, FY’21
 22. Bangladesh Peak Total Energy Consumption, kilotonne of oil equivalent, 2016-2021 
 23. Bangladesh Peak Electricity Demand, Megawatt, 2022-2027F 
 24. Bangladesh Solar Rooftop/Ground Mount (On-grid) Market Opportunity Assessment, by Applications, 2029F
 25. Bangladesh Top 3 EPC Contractor Companies Ranking based on Revenues, 2022
 26. Bangladesh Top 3 IPP Companies Ranking based on Revenues, 2022
List of Tables
1. Bangladesh Import Duties, 2022
2. Bangladesh Electricity Generation Installed Capacities, Megawatt, 2022
3. Bangladesh Solar Rooftop/Ground Mount Market Revenues, by Applications, 2019-2029F, ($ Million
4. Bangladesh Large Solar On-grid Projects Pipeline, 2022
5. Bangladesh Approved Solar Module for Net Metering Programme, Feb’2023
6. Bangladesh Approved Grid Tied Inverters for Net Metering Programme, Feb’2023
7. Bangladesh Recent Solar Power Purchase Agreements, 2022 & 2023 
8. Indian Banks operating in Bangladesh 
9. Bank Comments Regarding Line Extension in Bangladesh 
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