In FY’2015, the market for residential solar rooftop inverters has been dominated by on gird rooftop solar inverters, which accounted for ~% of the overall residential solar inverter market. On the contrary, in FY’2015 the contribution by off grid solar inverter at residential levels has been noted as ~% amounting to INR ~million in terms of overall residential solar inverter market revenues. In FY’2015, ~% of the residential rooftop solar inverter revenues has been generated from rural areas installation. The major reason of dominant proportionate contribution by rural areas has been mainly due to low power cuts, widening demand and supply gap of electricity and failure of government to provide adequate supply of electricity to the households. Furthermore, In FY’2015, imports accounted for ~% of the overall residential rooftop solar inverter market revenues.
Su-kam has been the market leader with a share of ~% in terms of revenue in India residential solar inverters market in FY’2015. Bonfiglioli accounted for ~% of the overall residential rooftop solar inverter market revenues in FY’2015. Luminous accounted for ~% share of the overall residential solar inverter market revenues during FY’2015. Other players in the market including Power One, Uniline Energy Systems and others along with unorganized market segment contributed for a market share of ~% in FY’2015.
The market for residential solar inverter in India has been expanding swiftly due to rising population, increasing energy deficits and increasing income levels of consumers. Owing to increasing number of players in the market, rising financial support from government in the form of subsidies, increasing programmes to create awareness about solar energy, the market for solar inverters in India’s residential sector is projected to incline at a CAGR of ~% during FY’2016-FY’2020. The majority of revenues in future would be derived from on grid inverters that enable the electricity generated through PV panels and stored in solar inverters to be fed into the main power grid.
“According to Research Analyst at Ken Research, The majority of revenues in future would be derived from on grid inverters that enable the electricity generated through PV panels and stored in solar inverters to be fed into the main power grid.”
The recent research report on “India Solar Inverter Market Outlook to FY’2020- Continuous Government Support and Advent of Micro Solar Inverter to Foster Future Growth” by Ken Research covers market size of India solar inverter market, segmentation on the basis of type of solar inverter, by capacity, by Organized and Unorganized, by manufacturing regions, imports and indigenous solar inverters, by end users and others.The report will aid industry consultants, solar inverter manufacturing companies, inverter component manufacturers, importers, exporters, distributors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. The report also provides the pre-requisites for players who actively seeking to enter in the market.
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
Related Reports:
India Inverters and UPS Market Outlook to 2019 - Driven By Power Deficit and Industrial Expansion
