1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy
  5. > Solar Energy Market Trends
India Solar Inverter Market Outlook to 2020 - Continuous Government Support and Advent of Micro Solar Inverter to Foster Future Growth

India Solar Inverter Market Outlook to 2020 - Continuous Government Support and Advent of Micro Solar Inverter to Foster Future Growth

  • February 2016
  • 198 pages
  • ID: 3940208
  • Format: PDF
  • Ken Research Private Limited


Table of Contents

Executive Summary

The report titled “India Solar Inverter Market Outlook to FY’2020- Continuous Government Support and Advent of Micro Solar Inverter to Foster Future Growth” 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, industry structure-Organized and Unorganized, manufacturing regions, import and indigenous solar inverters, end users and others. 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 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. The market comprises of large global players such as ABB India Ltd, Delta Power Solution, SMA India, TMEIC and others which posses a large product portfolio of utility sector usage.

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 primarily supplemented by the technological improvements supported by rising number of solar inverter manufacturers in India.

During FY’2015, made on land solar inverter dominated the overall solar inverter market with market contribution of ~% in terms of revenues. The major reason for incline in the revenues generated by made on land inverters has been launch of various government support schemes such as National Solar Mission and various other state level initiatives such as building up of solar parks in Karnataka and others. In FY’2015, ~% of the overall revenues of solar inverter market has been generated by inverters being demanded by utility sectors i.e. inverters with capacity above 1,000 KW. The solar inverters being used by household for installation on their roofs with capacity up to 3-5 KW occupied least share of ~% in the overall market revenues in FY’2015.
In terms of installed capacity, ABB India Ltd emerged as the leading player in India solar Inverter market. ABB India garnered ~% share of overall solar inverter installed capacity of India in FY’2015. The second major player in the market has been SMA India in FY’2015. SMA India has installed solar inverter of ~ MW in FY’2015. Other players in market include Bonfiglioli, TMEIC, Su-Kam and others

The revenues of solar inverter market in India is projected to grow by ~% over the period FY’2016-FY’2020 and will reach INR ~ million in FY’2020 as compared to INR ~ million in FY’2015. The future of the Indian solar inverter market is expected to be favorable on account of impelling demand due to research and development activities being carried out in companies, emergence of new and compact size solar inverters as well as by competition in terms of prices due to augmenting competition in the market.
India Residential Solar Inverter Market

With rising electricity bills, the power shortage and the ‘go green’ trend, the solar inverter market is gaining greater acceptance at residential level in India. The market for residential solar rooftop inverters is highly fragmented as it has seen entry of large number of player during the last five years. Over the years, FY’2011-FY’2015, the residential solar inverter market contributed ~ %of the overall solar inverter market revenues. The lower contribution of the residential rooftop market has been because the customer base from the residential sector is limited to people who have independent houses.
The market for residential solar inverter in India has inclined at a CAGR of ~% during FY’2011-FY’2015. In FY’2015, the revenues generated by residential rooftop solar inverter market were registered as INR ~ million. The main driver for adoption of solar inverters at residential level is a desire in many parts of the country to become less dependent on unreliable grid power.

India Industrial/Commercial Market

The market for industrial/commercial solar inverters has remained highly concentrated amongst majority of organized players manufacturing heavy load solar inverters especially for large commercial level usage. During the period FY’2011-FY’2015, the market for industrial/commercial solar inverter has inclined at a CAGR of ~% and reached INR ~ million in FY’2015. This inclination in revenues has been mainly due to adoption of conservation of solar energy through solar inverters by various industries and commercial establishments such as Malls, Hotels, Hospitals, Nursing homes and others developed by the builders and developers in cities and towns such as Delhi, Bangalore, Pune and others.

In FY’2015, the market for industrial/commercial solar inverters has been dominated by off gird solar inverters, which accounted for ~% of the overall solar inverter market. On the contrary, in FY’2015 the contribution by on grid solar inverter at industrial/commercial levels has been noted as ~%. In FY’2015, organized players garnered ~% of the market whereas unorganized players contributed ~% to the off grid solar inverter revenue. The dominance of organized players in the market can be attributed to better quality of products being offered by organized players such as ABB India, Bonfiglioli and others.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on