Tag industry

November 5, 2024 – Mercom India, a subsidiary of global clean energy communications and consulting firm Mercom Capital Group, has released its report, India Solar Market Leaderboard 1H 2024. The report covers market share rankings and provides a comprehensive view of the competitive landscape across the Indian solar supply chain in the first half (1H) of the calendar year (CY) 2024.

The report highlights notable shifts in the market share of solar companies during 1H 2024, a record-setting period for India’s solar sector driven by the commissioning of several delayed projects, spurred by a substantial decline in module prices.

In 1H 2024, 37 companies entered the top ten rankings across various categories. These companies did not feature among the top ten in the first half of 2023, underscoring a highly competitive solar market with substantial opportunities for growth.

Some established companies have solidified and expanded their positions, driven by a renewed emphasis on domestic manufacturing following the reimposition of the Approved List of Models and Manufacturers (ALMM) order. With initiatives like PM – Surya Ghar: Muft Bijli Yojana launched in Q1 2024 and the growing project pipeline under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), both requiring domestic solar modules made with locally produced solar cells, new market leaders are expected to emerge by the end of 2024.

India added 12.8 gigawatts (GW) of solar capacity in 1H 2024, up 228.3% compared to 1H 2023. Large-scale solar (including open access) projects (11.7 GW) accounted for 91.4% of overall installations.

The country’s cumulative installed solar capacity stood at around 85.5 GW as of June 2024.

The pipeline of large-scale solar projects under development (including open access) stood at 126.1 GW as of June 2024, with another 103.8 GW of tenders pending auction.

Adani Green Energy maintained its position as the top utility-scale solar project developer in 1H 2024, achieving the highest capacity additions and holding the largest cumulative installed capacity as of June 2024. ReNew and O2 Power secured the second and third spots, respectively, for capacity added during the same period. Collectively, the top ten developers contributed to 76.8% of utility-scale solar capacity additions in 1H 2024 and accounted for 44.5% of the project development pipeline as of June 2024.

In 1H 2024, more than 1.1 GW of rooftop solar capacity was added. Tata Power Solar remained the top rooftop solar installer, while Roofsol Energy and Havells India secured the second and third positions in terms of capacity added. The top ten developers collectively captured 57.2% of the rooftop solar market during this period.

Tata Power Solar was the top EPC service provider in 1H 2024, followed by Jakson Green and Ashoka Buildcon.

Sungrow Power Supply held its position as the leading solar inverter supplier in 1H 2024 and remained the top central inverter supplier. FIMER India and Sineng Electric were the other leading central inverter suppliers. TBEA Energy India emerged as the top supplier of string inverters, followed by Sungrow Power Supply and Ginlong (Solis) Technologies. In terms of overall shipments, central inverters accounted for 52%, while string inverters made up 48%.

Jinko Solar retained its top spot as the leading module supplier in 1H 2024, with LONGi Green Energy Technology and Waaree Energies following in second and third place, respectively. The top ten module suppliers accounted for nearly 65% of total shipments in 1H 2024.

Arctech led the solar tracker market in 1H 2024, with GameChange Solar in second place. In the solar module mounting structures category, Goodluck India ranked first, followed by Arctech and Strolar Mounting Systems.

In 1H 2024, 3.7 GW of open access solar capacity was added, a 119.6% YoY increase. AM Green Energy emerged as the leading open access solar developer, with Serentica Renewables and Amplus Solar ranking second and third, respectively. The top ten developers captured 59.5% of the market share for solar open access projects during this period.

LEAPTING was the top robotic module cleaning equipment supplier to the Indian market in 1H 2024. Vayu Solar and Airtouch Solar were the other leading robotic module cleaning equipment suppliers.

The report provides a comprehensive overview of the market landscape across the entire solar supply chain. It includes profiles of market leaders, detailed installation and supply data, year-over-year ranking changes, market share information for the top ten companies in 1H 2024, and cumulative market data.

BANGKOK, Nov. 4, 2024 – Mintel, the world’s leading market intelligence agency, is set to present exclusive insights at in-cosmetics Asia 2024 with sessions on the 2025 Global Beauty and Personal Care Trends and The Future of Skincare in Asia Pacific. This highly anticipated event will bring together over 600 global suppliers, R&D experts, and innovators in beauty and personal care from November 5-7.

Mintel’s 2025 Global Beauty and Personal Care Trends will explore three pivotal themes: ‘(My) Knowledge is Power’, ‘Turning the Tide is Power’, and ‘Think Slow, Move Fast’. These trends, grounded in Mintel’s core Trend Drivers such as Wellbeing, Identity, and Technology, forecast essential shifts in consumer demands, drawing on Mintel’s extensive global consumer data and product insights.

The trends to be presented are anchored on current market dynamics combined with a forecast of future developments over the next 10 years.

Unveiling Skincare’s Future in Asia Pacific will focus on the longevity trend, driven by factors such as an ageing population, rising life expectancy, and consumers’ preventative mindset. Mintelwill discuss how brands can embrace “slow ageing” to maintain longevity spending, how they can reinforce brand status with dermocosmetics quality, and how to harness brand loyalty through wellness-centered solutions.

With actionable insights, Mintel’s presentations will equip attendees to understand and respond to evolving consumer mindsets, giving them a competitive edge in the fast-evolving beauty and personal care landscape.

AI avatars are transforming various industries by providing personalized customer interactions, efficient service, and detailed product knowledge across multiple sectors. These digital personas, powered by advancements in AI and machine learning, simulate human-like engagements, tailoring conversations and responses based on user behavior and data. This innovative technology is reshaping customer service, sales, and educational platforms by offering a scalable, interactive experience that enhances user satisfaction and brand loyalty.

At the forefront of this revolution is DaveAI, which offers a robust Virtual Sales Avatar designed to optimize sales strategies. By leveraging AI and empathetic technology, DaveAI’s Virtual Sales Avatar serves as a knowledgeable sales agent, guiding customers through personalized purchasing journeys. This tool not only improves customer interactions but also integrates seamlessly across digital platforms, ensuring a consistent and engaging user experience that drives sales and boosts customer engagement.

In the age of digital transformation, companies are increasingly turning to advanced technologies to enhance customer engagement. Utilizing AI-powered avatars, businesses across various sectors are revolutionizing the way they interact with customers, offering personalized and interactive experiences that cater to modern consumer expectations.

How DaveAI’s Virtual Sales Avatar Drove a 33% Surge in Lead Generation for a Car Company

A leading car manufacturing company, in collaboration with DaveAI, implemented an AI-powered virtual sales avatar across its website, revolutionizing the brand’s digital customer experience. The challenge was to replicate the personalized, high-touch service of their physical showrooms online, while handling millions of interactions consistently. The car company needed a sophisticated AI solution capable of providing real-time assistance, adapting to individual customer needs, and integrating seamlessly with existing systems. The goal was to maintain the brand’s reputation for exceptional customer service in a vast and complex digital ecosystem.

The solution came in the form of an advanced virtual sales avatar, powered by speech recognition and NLP. This AI tool acted as an online showroom assistant, offering real-time product recommendations, personalized interactions, and seamless navigation assistance. Over 18 months, the avatar engaged in over 18 million unique customer interactions, resulting in a 33% increase in lead generation. The success of this initiative underscored the value of AI in enhancing customer engagement and driving business outcomes for the company.

How an air conditioning company’s Virtual Avatars Drove Holiday Success in Singapore

A prominent air conditioning company successfully elevated its brand awareness for one of their systems in Singapore through an innovative AI-driven campaign. Faced with the challenge of standing out in the competitive holiday season between Christmas and New Year, they needed a solution that could break through the noise and personally connect with a diverse audience. Traditional advertising methods weren’t enough to achieve the level of customization and personalization required, so they partnered with DaveAI to craft a unique, engaging campaign.

By deploying AI virtual avatars across 5,000 digital kiosks, powered by Intel CPUs and Nvidia GPUs, the company was able to create a personalized and interactive 3D experience for customers. DaveAI’s advanced middleware and lifelike avatars automated the video production process, allowing for faster, high-quality content generation. As a result, they saw a 30% increase in impressions and a 12% rise in engagement, illustrating how AI can drive impactful results in modern advertising campaigns.

Enhanced Digital Banking with AI-Powered Assistant, DhIRA

A prominent bank in India took a significant step towards the future of digital banking by introducing DhIRA, an AI-powered virtual assistant developed by DaveAI, across their websites and kiosks. This cutting-edge solution has enhanced the digital banking experience by offering real-time, seamless assistance to customers, thereby reinforcing their position as a pioneering digital bank.

The challenge they faced was establishing leadership in digital banking through the deployment of avatar-enabled self-service kiosks that allowed customers to conduct a variety of banking operations—from opening accounts to retrieving information—without human intervention. These Digi Banks were crafted to deliver a smooth digital experience across multiple platforms, including the bank’s website, ensuring a consistent and engaging customer journey throughout all digital and physical touchpoints in cities across Karnataka.

To overcome these challenges, the Bank launched DhIRA – Digital Human Interactive Relationship Assistant. DhIRA was designed to provide immediate assistance, delivering relevant responses tailored to the recognized intents of customers. The virtual assistant leveraged machine learning to enhance its response accuracy continually, thereby improving its ability to address customer queries more effectively over time. DhIRA also featured autocomplete suggestions, intent clarification, and contextual questions that aided in product discovery. It proactively guided users through their banking journey with personalized nudges and triggers that suggested the next best steps, significantly enhancing user interaction and satisfaction.

The introduction of DhIRA had a substantial impact on the way customers interacted with the bank’s digital platforms. By offering real-time support and tailored banking advice, DhIRA greatly enhanced customer satisfaction and engagement, fostering a sense of trust and loyalty among users. This initiative not only improved the efficiency of customer interactions but also solidified the bank’s reputation as an innovator in the field of digital banking.

30th August 2024: Mukand Limited, a leading name in the steel and engineering industry, proudly inaugurated its state-of-the-art 16 TPH boiler at its facility today. This new installation marks a significant upgrade from the existing 14 TPH boiler, enhancing the plant’s capacity to generate steam at a rated pressure of 17.5 kg/cm². The increased capacity is designed to meet the growing steam demand and support Mukand’s future expansion plans.

Manufactured by Thermax Ltd., a trusted leader in boiler technology, this advanced boiler is equipped with the latest safety features and operates under a sophisticated PLC logic system. This automated control system manages burner sequence control, air and fuel ratio control, water level control, and steam pressure control, ensuring efficient and reliable operations.

The boiler also incorporates an Air Preheater, designed to recover heat from the flue gas and preheat the combustion air. This feature significantly reduces specific fuel consumption, contributing to the company’s energy-saving goals. Additionally, a sound-absorbing silencer has been installed in the air blower’s suction line to minimize noise pollution, enhancing the working environment for operators.

This new boiler is a testament to Mukand Limited’s dedication to operational excellence, energy efficiency, and environmental responsibility. As the company continues to innovate and grow, it remains steadfast in its mission to lead the industry with sustainable practices and cutting-edge technology.

New Delhi, 1st August 2024: ASSOCHAM organized a special session on ‘Bharat@100: Leveraging unprecedented opportunities’ Shri Piyush Goyal, Hon’ble Minister for Commerce & Industry, Government of India graced the event as the Chief Guest. A book titled India@100: Envisioning Tomorrow’s Economic Powerhouse authored by Dr K V Subramanian, Executive Director, IMF was launched by Hon’ble Commerce and Industry Minister.

Speaking at the event, Shri Piyush Goyal, Hon’ble Minister for Commerce & Industry, Government of India said, “We have the ability, we have the willingness, the desire, we have the talent, skill and capability. As policy makers we have the intent and are deeply committed to making India a developed nation by 2047. The focussed efforts towards self-sufficiency in defence, electric mobility and enhancing the quality of our manufacturing setups combined with enhanced transparency and technology adoption will help us have a stronger currency and a stronger macro-economy to get us to a $55 trillion economy.”

“Our economy will be at $5 trillion in the next 3-3.5 years making us the third largest economy in the world. As we increase our shipping, focus on electric mobility and become sufficient in defense, we are looking at a rupee appreciation. We can replicate, if not better, the China story between 2000-20.” added the minister.

Mr Krishnamurthy Subramanian examines this once-in-a-century opportunity that is knocking on India’s doors in India@100: Envisioning Tomorrow’s Economic Powerhouse. India@100 makes a strong case that India is at a turning point that cannot be disregarded, with a daring vision based in Indian realities. Four major pillars—the macroeconomic emphasis on growth, the microeconomic focus on social and economic inclusion, the vision of ethical wealth creation, and the strategy of a virtuous cycle sparked by investment—are examined by Subramanian through meticulous research and perceptive analysis. He thoroughly discusses the options for policy and the areas in need of reform within each pillar.

India@100 effortlessly ignites the reader’s imagination and inspires a collective drive towards a future where India emerges as a dominant economic force. This is an invaluable book for anyone interested in the rise of the Indian economy.

Addressing the august gathering Shri Deepak Sood, Secretary General ASSOCHAM said, “The significant strides that the country has made in the preceding years is not by chance, it’ is by design, and the last 10 years are a testament of that. India is a highly resilient economy. A few years ago, becoming the 5th largest economy was our dream and today we are talking about becoming the 3rd largest economy in the world and there’s a lot of work that needs to go in. India has successfully earned global trust and we did this by leveraging our demography, our large market and therefore building the right capacities for making things happen.”