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

Press Release   •   Feb 01, 2016 15:55 IST

Ken Research announced its latest publication on “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
Related Reports:
India Inverters and UPS Market Outlook to 2019 - Driven By Power Deficit and Industrial Expansion
India Reactive Power Compensation Market Outlook to 2020 - Rising Industrial Output and Renewable Energy Integration to Foster Growth
India Power Transformer Market Outlook to 2019 - Export Demand and Favorable Government Policies to Propel Market
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

The industry has grown at a rapid pace of ~% over the period FY'2011-FY'2015 and reached INR ~ million in FY'2015 on account of remarkably rising energy needs and inflating pressure on government for providing adequate power supply. The growth in the Indian solar inverter market over the period FY'2011-FY'2015 was prima

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https://www.kenresearch.com/energy-and-utilities/power/india-solar-inverter-market-research-report/6502-103.html