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India Solar Inverter Market (2019-2025): Market Forecast by Power Rating, by Types, by Applications, by Regions and Competitive Landscape

  • ID: 4990431
  • Report
  • December 2019
  • Region: India
  • 103 Pages
  • 6W Research
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The India Solar Inverter Market is Projected to Grow at a CAGR of Over 20.3% During 2019-2025

FEATURED COMPANIES

  • ABB
  • Delta Electronics Ltd.
  • Exide Industries Ltd.
  • Ginlong Technologies
  • Goodwe
  • Livguard
  • MORE

The India solar inverter market is anticipated to grow at a rapid pace on account of several policies such as National Solar Mission by Government of India targeting 100 GW solar energy by the year 2022. Rising consumer awareness, the growing participation of residential and commercial segments towards solar system installations, supportive government policies & solar schemes as well as and private sector involvement are further contributing towards the growth of this market.

According to this research, the India solar Inverter market is projected to grow at a CAGR of over 20.3% during 2019-2025. Solar inverter market is dominated by the utility sector owing to its large-scale solar projects deploying a large number of solar inverters. Further, the commercial segment is estimated to exhibit the highest growth rate during the forecast period. This high growth is attributed to growing solar installations across educational institutes, offices, factories, hospitals, and warehouses. In addition, the residential segment is also exhibiting significant growth with a focus on sustainable development and to overlay the rising power cost in the country. Government initiatives such as the Smart City project, development of solar parks and solar energy subsidy scheme would further accelerate the adoption of solar installations across the residential and commercial segments.

Moreover, among system type, on-grid systems dominated the India solar inverter market share in 2018 owing to huge adoption across different applications, whereas, off-grid systems are majorly limited to rural electrification applications only.

Some of the key players in India solar inverter market include ABB, SMA, Growatt, Delta and Microtek.

The report comprehensively covers the market by type, system type, power rating, applications and regions. The report provides an unbiased and detailed analysis of the India solar inverter market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

  • India Solar Inverter Market Size and India Solar Inverter Market Forecast for the Period 2018-2025F
  • Historical and Forecast data of India Solar Inverter Market Revenues for the Period 2015-2025F
  • Historical data of India Solar Inverter Market Revenues, By Types for the Period 2015-2018
  • Market Size & Forecast data of India Solar Inverter Market Revenues, By Types until 2025F
  • Historical data of India Solar Inverter Market Revenues, By System Types for the Period 2015-2018
  • Market Size & Forecast data of India Solar Inverter Market Revenues, By System Types until 2025F
  • Historical and Forecast data of India Solar Inverter Market Revenues, By Applications for the Period 2015-2025F
  • Historical and Forecast data of India Solar Inverter Market Revenues, By Power Rating for the Period 2015-2025F
  • Historical and Forecast data of India Solar Inverter Market Revenues, By Regions for the Period 2015-2025F
  • Market Drivers, Restraints
  • Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Share and Player’s Revenue Shares
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered:

India solar inverter market report provides a detailed analysis of the following market segments:

By Type

  • Central
  • String
  • Micro

By System Type

  • Off-Grid
  • On-Grid

By Regions

  • Northern
  • Eastern
  • Western
  • Southern

By Applications

  • Commercial
  • Power Utility
  • Residential

By Power Rating

  • Below 10 kW
  • 10-100 kW
  • 100.1-1 MW
  • Above 1 MW
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Delta Electronics Ltd.
  • Exide Industries Ltd.
  • Ginlong Technologies
  • Goodwe
  • Livguard
  • MORE

1 Executive Summary

2 Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3 India Solar Inverter Market Overview
3.1 India Solar Inverter Market Revenues (2015-2025F)
3.2 India Solar Inverter Market - Industry Life Cycle
3.3 India Solar Inverter Market - Porter’s Five Forces
3.4 India Solar Inverter Market Revenue Share, By Type (2018 & 2025F)
3.5 India Solar Inverter Market Revenue Share, By System Type (2018 & 2025F)
3.6 India Solar Inverter Market Revenue Share, By Application (2018 & 2025F)
3.7 India Solar Inverter Market Revenue Share, By Power Rating (2018 & 2025F)
3.8 India Solar Inverter Market Revenue Share, By Region (2018 & 2025F)

4 India Solar Inverter Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints

5 India Solar Inverter Market Trends

6 India Solar Inverter Market Overview, By Type
6.1 India Solar Inverter Market Revenues, By Central Solar Inverter (2015-2025F)
6.2 India Solar Inverter Market Revenues, By String Solar Inverter (2015-2025F)
6.3 India Solar Inverter Market Revenues, By Micro Solar Inverter (2015-2025F)

7 India Solar Inverter Market Overview, By System Type
7.1 India Solar Inverter Market Revenues, By On-Grid (2015-2025F)
7.2 India Solar Inverter Market Revenues, By Off-Grid (2015-2025F)

8 India Solar Inverter Market Overview, By Application
8.1 India Solar Inverter Market Revenues, By Commercial Application (2015-2025F)
8.2 India Solar Inverter Market Revenues, By Power Utility Application (2015-2025F)
8.3 India Solar Inverter Market Revenues, By Residential Application (2015-2025F)

9 India Solar Inverter Market Overview, By Power Rating
9.1 India Solar Inverter Market Revenues, By Below 10 kW (2015-2025F)
9.2 India Solar Inverter Market Revenues, By 10 kW - 100 kW (2015-2025F)
9.3 India Solar Inverter Market Revenues, By 100.1 kW - 1MW (2015-2025F)
9.4 India Solar Inverter Market Revenues, By Above 1 MW (2015-2025F)

10 India Solar Inverter Market Overview, By Region
10.1 India Solar Inverter Market Revenues, By Northern Region (2015-2025F)
10.2 India Solar Inverter Market Revenues, By Eastern Region (2015-2025F)
10.3 India Solar Inverter Market Revenues, By Western Region (2015-2025F)
10.4 India Solar Inverter Market Revenues, By Southern Region (2015-2025F)

11 India Solar Inverter Market Overview, By Key States

12 India Solar Inverter Market Government Initiatives

13 India Solar Inverter Market Key Performance Indicators

14 India Solar Inverter Market Opportunity Assessment
14.1 India Solar Inverter Market Opportunity Assessment, By Type (2025F)
14.2 India Solar Inverter Market Opportunity Assessment, By Application (2025F)
14.3 India Solar Inverter Market Opportunity Assessment, By Region (2025F)

15 India Solar Inverter Market Ecosystem Analysis

16 India Solar Inverter Market Competitive Landscape
16.1 India Solar Inverter Market Revenue Share, By Company (2018)
16.2 India Solar Inverter Pricing, By Company (2018)
16.3 India Solar Inverter Market Competitive Benchmarking, By Technical Parameters

17 Company Profiles
17.1 Delta Electronics Ltd.
17.2 Ginlong Technologies
17.3 ABB
17.4 Sungrow
17.5 Growatt New Energy Technology Co., Ltd
17.6 SMA Solar Technology AG
17.7 Goodwe
17.8 Luminous India
17.9 Microtek International Pvt. Ltd.
17.10 Livguard
17.11 Exide Industries Ltd.
17.12 Hitachi Hi-Rel Power Electronic Pt. Ltd.

18 Key Strategic Recommendations

19 Disclaimer

List of Figures
Figure 1. India Solar Inverter Market Revenues, 2015-2025F (INR Crore)
Figure 2. India Solar Inverter Market - Industry Life Cycle, 2018
Figure 3. India Solar Inverter Market Revenue Share, By Type, (2018 & 2025F)
Figure 4. India Solar Inverter Market Revenue Share, By System Type, (2018 & 2025F)
Figure 5. India Solar Inverter Market Revenue Share, By Application, (2018 & 2025F)
Figure 6. India Solar Inverter Market Revenue Share, By Power Rating, (2018 & 2025F)
Figure 7. India Solar Inverter Market Revenue Share, By Region, (2018 & 2025F)
Figure 8. Solar Park Capacities in the Key States, MW (2019)
Figure 9. India Solar Capacity Addition (MW), 2015-2023F
Figure 10. Declining Solar Inverter Price ($ per Watt)
Figure 11. India Solar Inverter Market Revenues, By Commercial Application, 2015-2025F (INR Crore)
Figure 12. India Solar Inverter Market Revenues, By Power Utility Application, 2015-2025F (INR Crore)
Figure 13. India Solar Inverter Market Revenues, By Residential Application, 2015-2025F (INR Crore)
Figure 14. India Solar Inverter Market Revenues, By Northern Region, 2015-2025F (INR Crore)
Figure 15. India Solar Inverter Market Revenues, By Eastern Region, 2015-2025F (INR Crore)
Figure 16. India Solar Inverter Market Revenues, By Western Region, 2015-2025F (INR Crore)
Figure 17. India Solar Inverter Market Revenues, By Southern Region, 2015-2025F (INR Crore)
Figure 18. India Solar Inverter Market Revenue Share, By Key States, By Northern Region, 2018
Figure 19. India Solar Inverter Market Revenue Share, By Key States, By Eastern Region, 2018
Figure 20. India Solar Inverter Market Revenue Share, By Key States, By Western Region, 2018
Figure 21. India Solar Inverter Market Revenue Share, By Key States, By Southern Region, 2018
Figure 22. Technology Wise Contribution Towards Renewable Energy Targets, India (2022)
Figure 23. India Renewable Energy Capacity Target, 2019-2022F (MW)
Figure 24. Total Renewable Energy Capacity Addition Share in 2019, MW
Figure 25. India Solar Tenders and Auctions in 2019 (MW)
Figure 26. India Top Ten States in Solar Installation Capacity (MW), Till March 2019
Figure 27. India Solar Capacity Addition in the Individual States in 2019, MW
Figure 28. Leading Project Developers to Commission Utility-Scale Solar Capacity in 2019, MW
Figure 29. India Rooftop PV Installation Target till March 2022 (MW)
Figure 30. India Solar Inverter Market Opportunity Assessment, By Type (2025F)
Figure 31. India Solar Inverter Market Opportunity Assessment, By Application Type (2025F)
Figure 32. India Solar Inverter Market Opportunity Assessment, By Region (2025F)
Figure 33. India Solar Inverter Market Revenue Share, By Company, 2018

List of Tables
Table 1. GST Rates for Major Solar Equipment, 2018
Table 2. India Solar Inverter Market Revenues, By Type, 2015-2025F (INR Crore)
Table 3. India Solar Inverter Market Revenues, By System Type, 2015-2025F (INR Crore)
Table 4. India Solar Inverter Market Revenues, By Power Rating, 2015-2025F (INR Crore)
Table 5. India Solar Inverter Market Revenues, By Key States, 2018 (INR Crore)
Table 6. India Solar Capacity Target (GW), By Segments, 2018-2022F
Table 7. India Proposed Plans Under Green Corridor Phase II, By States
Table 8. India Solar Energy Potential, By States
Table 9. India Solar Inverter Market Revenues, By Company, 2018
Table 10. Delta Solar Inverter Price Per Unit
Table 11. ABB Solar Inverter Price Per Unit
Table 12. Luminous Solar Inverter Price Per Unit
Table 13. Growatt Solar Inverter Price Per Unit
Table 14. SMA Solar Inverter Price Per Unit

Note: Product cover images may vary from those shown
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  • ABB
  • Delta Electronics Ltd.
  • Exide Industries Ltd.
  • Ginlong Technologies
  • Goodwe
  • Growatt New Energy Technology Co., Ltd
  • Hitachi Hi-Rel Power Electronic Pt. Ltd.
  • Livguard
  • Luminous India
  • Microtek International Pvt. Ltd.
  • SMA Solar Technology AG
  • Sungrow
Note: Product cover images may vary from those shown
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