India Solar Inverter Market Expected to Reach INR 173 billion by 2019-2020: Ken Research

Market Research

India Solar Inverter Market Outlook to FY’2020- Continuous Government Support and Advent of Micro Solar Inverter to Foster Future Growth” which provides a comprehensive analysis of the solar inverter market in India. The report covers various aspects such as market size of India solar inverter market, segmentation on the basis of type of solar inverter, by capacity, by industry structure i.e. organized and unorganized, by manufacturing regions, import and indigenous solar inverters and by end users. The report also covers market in different aspects such as market size, segmentation of market on the basis of residential, commercial and industrial usage, import of solar inverters, recent trends and development, analyst recommendation in the market. The report will help industry consultants, solar inverter manufacturing companies, suppliers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

India solar inverter market is vibrant and valued at INR ~ million in FY’2015. Over the last few years from FY’2011-FY’2015, the industry has observed an average annual growth of ~% in value terms. The growth in the Indian solar inverter market over the period FY’2011-FY’2015 was primarily supplemented by the remarkably rising energy demand and technological improvements supported by rising number of solar inverter manufacturers in India. The entrance of new players such as SMA, Bonfiglioli and others in the domestic market has also acted as catalyst in growth. In addition to this establishment of commercial space and shops in lesser developed areas, irregular supply of electricity, increasing awareness among consumers has further lead to augmentation of solar inverter market.

According to the research report, the India solar inverter market will grow at a considerable CAGR rate reaching INR ~ million by FY’2020 due to growing power demand coupled with the incompetency of government to meet demand-supply gap, rising investment in smart cities, product innovation and inclining competition in solar inverter market.

“According to Research Analyst at Ken Research, the domestic players need to place increased focus on after sale services and should invest greater amount in research and development in order to produce innovative and energy efficient solar inverters. The industry, however, is expected to face major challenges in terms of high import tariffs and rapid technology obsolence which may negatively affect the solar inverter market in the long term”.

Key Topics Covered in the Report:

Solar Inverter Market

-          India Solar Inverter Market Size by Revenue

-          India Solar Inverter Market Size by Installed Capacity

-          India Solar Inverter Market Segmentation by

o   Made on Land and Rooftop Solar Inverters

o   Organized and Unorganized Players

o   Manufacturing Regions

o   Imported and Domestic Production

o   Capacity of Solar Inverters

o   End Users- Government and Captive Units

o   Manufacturing Players- Private and Public Players

o   Rural and Urban Demand

-          India Residential Solar Inverter Market Size by Revenues

-          India Residential Solar Inverter Market Segmentation by

o   On Grid and Off Grid Solar Inverters

o   Organized and Unorganized Players

o   Imports and Domestic Production

o   Rural and Urban Demand

-          India Industrial/Commercial Solar Inverter Market Size by Revenues

-          India Industrial/Commercial Solar Inverter Market Segmentation by

o   On Grid and Off Grid Solar Inverters

o   Organized and Unorganized Players

o   Imports and Domestic Production

o   Rural and Urban Demand

-          India Micro Solar Inverters Snapshot

-          Trends and Development

-          Government Role

-          SWOT Analysis

-          PORTER Five Force Analysis

-          PEST Analysis

-          Imports of Solar Inverters

-          Competition and Market Share

-          Future Outlook- By Revenue, By End Users

-          Macro Economic Parameters

-          Analyst Recommendations

Key Products Mentioned in the Report

Residential Solar Inverters

SQ Wave Model 250 VA MICRON

SINE Wave 250 VA SHINY

SINE Wave 3.5 KVA/48V FUSION

Microtek Hybrid Solar inverter UPS 1130VA

Microtek 1600 VA Inverter

Industrial/Commercial Solar Inverters

UNO-2.0-I-OUTD

UNO-2.0-I-OUTD-S

Delta SSW Series static switch 30KVA Inverter

Utility Solar Inverters

TRIO-27.6-TL-OUTD-400

RPI-H5

RPI-M6A

RPI-M10A

Companies Covered in the Report

Global Players

ABB India

Delta Power Solution

Bonfiglioli

SMA India

Toshiba-Mitsubishi Electric Industrial Corporation (TMEIC)

Domestic Players

Su-Kam Power Systems

Luminous Power Technologies

Hitachi Hi Rel

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249+91-9015378249