India Power Inverter`s Market Outlook,2021

  • ID: 3345012
  • Report
  • Region: India
  • 114 pages
  • Bonafide Research
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Unorganized sector in the Indian Power Inverter Market to reach a new low of about 20% by 2021

FEATURED COMPANIES

  • Arise
  • Consol
  • Genus
  • Luminous
  • Microtek
  • Su Kam
  • MORE
Power or electricity is one of the most critical components of infrastructure affecting economic growth and well-being of every nation. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy. India’s power sector is one of the more ignored sectors in the Indian economy especially in the rural parts of the country remains without power, as does 6% of the urban population. This report is about the market size of the power inverters in India and how is it going to help the economy of the country by providing back up of the power whenever needed. This report reveals how government is supporting the power inverter market by computerization of schools and other development factors to achieve the grid parity in India. The report also reveals the trend in this industry is shifting to hybrid inverters and solar inverter in Indian power inverter market.

The Power inverter market in India was growing at a CAGR of about 11.79 per cent during the period 2009 -2014. The manufacturing ecosystem for these products is quite mature while technological requirements of Inverter manufacturing are greater than the manufacturing and design capabilities present in India currently. Some of the major players in the inverters market are Luminous, Su-kam, and Microtek. Steady demand from the home and SOHO segments is expected to buttress the growth of the inverter market. The unorganized segment has a large share of the inverter market, though its share has been declining lately due to enhanced consumer awareness.
According to “India Power Inverter Market Forecast & Opportunities, 2020”, the market for power inverters in India is expected to grow with a CAGR of 8.49% from 2015 to 2021. Central Inverters are the major market share acquirers of the inverter market. Micro-inverters are forecasted to increase its share technology wise. Residential segment is the new target of the inverter industry. The unorganized sector which was leading the market till 2012 is forecasted to shrink in the coming years. New entrants are also increasing and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks.
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FEATURED COMPANIES

  • Arise
  • Consol
  • Genus
  • Luminous
  • Microtek
  • Su Kam
  • MORE
1. Executive Summary

2. Global Inverter Market Outlook
2.1. Market Size By Value
2.2. Market Size By Volume
2.3. Pricing Analysis

3. India Non Renewable Inverter Market Outlook
3.1. Market Size By Value
3.1.1. Overall Inverter Market
3.1.1.1. Total Inverter Market
3.1.1.2. Total Organized Inverter Market
3.1.1.3. Total Unorganized Inverter Market
3.1.2. Overall Residential Inverter Market
3.1.2.1. Total Residential Inverter Market
3.1.2.2. Organized-Unorganized Market Size in Residential Inverter Market
3.1.3. Overall Industrial Inverter Market
3.1.3.1. Total Industrial Inverter Market
3.1.3.2. Organized-Unorganized Market Size in Industrial Inverter Market
3.2. Market Size By Volume
3.2.1. Overall Inverter Market
3.2.1.1. Total Inverter Market
3.2.1.2. Total Organized Inverter Market
3.2.1.3. Total Unorganized Inverter Market
3.2.2. Overall Residential Inverter Market
3.2.2.1. Total Residential Inverter Market
3.2.2.2. Organized-Unorganized Market Size in Residential Inverter Market
3.2.3. Overall Industrial Inverter Market
3.2.3.1. Total Industrial Inverter Market
3.2.3.2. Organized-Unorganized Market Size in Residential Inverter Market
3.3. Market Share
3.3.1. By Region
3.3.2. By Company
3.3.3. By End User Segment
3.3.4. By Technology
3.3.5. By Division in Residential Segment in KVA

4. Pricing Analysis of Indian Inverter Market

5. Production Process

6. India Economic Profile

7. Raw Material

8. Certifications

9. Market Penetration

10. PEST Analysis

11. Inverter Trade Dynamics
11.1. Imports
11.2. Export

12. Inverter Market Dynamics
12.1. Key Drivers
12.2. Key Challenges

13. Market Trends & Developments
13.1. Shifting focus to the inverter segment
13.2. Solar Hybrid Inverters
13.3. Price Trends
13.4. Technological Trend
13.5. R&D
13.6. After Sales Services

14. Competitive Landscape
14.1. Porters Five Forces
14.2. Company Profiles
14.2.1. Luminous
14.2.2. Su Kam
14.2.3. Microtek
14.2.4. Genus
14.2.5. Consol
14.2.6. Swelect
14.2.7. Tritronics
14.2.8. True Power
14.2.9. Uniline
14.2.10. Arise

15. Strategic Recommendations

16. Disclaimer
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FEATURED COMPANIES

  • Arise
  • Consol
  • Genus
  • Luminous
  • Microtek
  • Su Kam
  • MORE
Strong participation of the organized players, increasing acceptance of the inverter by the residential sector, lowering prices of the inverters, increasing availability of the raw materials and the strong competition in the industry is driving the organized market in the Indian Power Inverter Market.

According to the report “Indian Power Inverter Outlook 2021” the unorganized sectors which lead the market in 2012 is expected to decrease in a very drastic manner. The increasing competition by the organized players by targeting the price sensitive customers and the new innovations and technologies brought in the inverters for the residential segment made the organized sector to take away almost 60% of the share by 2014.

A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power as the power is provided by the DC source. Earlier the inverters were mostly used in the small industries and those customers who could afford to buy one for home were a minimum. Back then the unorganized sector ruled the inverter industry, but now with the increasing purchasing power of the buyers the people are opting power inverter as a basic necessity because of the long power cuts in India. The innovations in technology, reduction in prices and the brand quality made a difference in the overall outlook of the market. The organized market is expected to acquire 80% of the market share of the Indian Power Inverter market by 2021.

The unorganized sector consisted of the Chinese players and the local manufacturers of the particular city. Unorganized players source their products in knocked-down units from East Asia, which do not compare favorably with locally produced products in their quality and reliability. However, their input costs have increased on account of levying of duties on the import of lead and lead products. Due to the dominant unorganized market back then, the organized players strengthened their distribution networks, thus posing a formidable challenge to the unorganized players by 2014.
Note: Product cover images may vary from those shown
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- Arise
- Consol
- Genus
- Luminous
- Microtek
- Su Kam
- Swelect
- Tritronics
- True Power
- Uniline
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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