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India Solar Inverter Market (2018-2024)

Market Forecast By Types (Central Inverter, String Inverter and Micro Inverter), By System Types (Off Grid and On Grid), By End Users (Commercial, Utility and Residential), By Power Rating (Below 10 kW, 10kW-100 kW, 100.1 kW - 1 MW and Above 1 MW), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape

  • Product Code:ETC000478
  • Publication Date:May 2018
  • Publisher:6Wresearch
  • Product Type:Report
  • No. of Pages:110
  • No. of Figures:40
  • No. of Tables:12

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India Solar Inverter Market (2018-2024)

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India Solar Inverter Market (2018-2024)

India Solar Inverter Market (2018-2024)


  • Report Description
  • Table of Content
  • Summary
  • Related Topics

India solar inverter market is exhibiting remarkable growth from past few years. Further, National Solar Mission by government of India targeting 100 GW solar energy by year 2022 is anticipated to drive the growth of solar inverter market over the coming years. Rising consumer awareness, growing participation of residential and commercial segments towards solar system installations, supportive government policies & solar schemes, and private sector involvement are further contributing towards the growth of this market.

According to 6Wresearch, India Solar Inverter Market Size is projected to grow at a CAGR over 25% during 2018-2024. The market is dominated by utility sector owing to its large scale solar projects deploying large number of solar inverters. Further, commercial segment is anticipated to exhibit highest growth rate during the forecast period. The high growth is attributed to growing solar installations across educational institutes, offices, factories, hospitals, and warehouses. In addition, residential segment is also registering significant growth with focus on sustainable development and to overlay the rising power cost in the country. Government initiatives such as Smart City project, development of solar parks, and solar energy subsidy scheme would further accelerate the adoption of solar installations across residential and commercial segments.

Moreover, among system types, on grid systems dominates the India Solar Inverter Market Share in 2017 owing to huge adoption across different verticals, whereas, off grid systems are majorly limited to rural electrification applications only.

The India Solar Inverter Market Report thoroughly covers India Solar Inverter market by types, system types, end users, power rating, and regions. The India Solar Inverter Market Outlook report provides an unbiased and detailed analysis of India Solar Inverter Market trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:
• India Solar Inverter Market Overview
• India Solar Inverter Market Outlook
• India Solar Inverter Market Forecast
• India Solar Inverter Market Size and India Solar Inverter Market Forecast Revenues until 2024
• Historical data of Global Solar Inverter Market Revenues for the Period 2014-2017
• Market Size & Forecast data of Global Solar Inverter Market Revenues until 2024
• Historical and Forecast data of India Solar Inverter Market Revenues for the Period 2014-2024
• Historical data of India Solar Inverter Market Revenues, By Types for the Period 2014-2017
• Market Size & Forecast data of India Solar Inverter Market Revenues, By Types until 2024
• Historical data of India Solar Inverter Market Revenues, By System Types for the Period 2014-2017
• Market Size & Forecast data of India Solar Inverter Market Revenues, By System Types until 2024
• Historical and Forecast data of India Solar Inverter Market Revenues, By End Users for the Period 2014-2024
• Historical and Forecast data of India Solar Inverter Market Revenues, By Power Rating for the Period 2014-2024
• Historical and Forecast data of India Solar Inverter Market Revenues, By Regions for the Period 2014-2024
• Market Drivers and Restraints
• India Solar Inverter Market Trends and Opportunities
• Industry Life Cycle and Value Chain Analysis
• Porter's Five Forces Analysis
• India Solar Inverter Market Share, By Players
• India Solar Inverter Market Overview By Competitive Benchmarking
• Company Profiles
• Recommendations

Markets Covered:
The India Solar Inverter Market Report provides detailed analysis of the following market segments:
• By Types:
    o Central Inverter
    o String Inverter
    o Micro Inverter
• By System Types:
    o Off Grid
    o On Grid
• By End Users:
    o Commercial
    o Utility
    o Residential
• By Power Ratings:
    o Below 10 kW
    o 10 kW - 100 kW
    o 100.1 kW - 1 MW
    o Above 1 MW
• By Regions:
    o Northern
    o Eastern
    o Western
    o Southern

1 Executive Summary
2 Introduction
    2.1 Key Highlights of the Report
    2.2 Report Description
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumptions
3 Global Solar Inverter Market Overview
    3.1 Global Solar Inverter Market Revenues (2014-2024F)
    3.2 Global Solar Inverter Market Revenue Share, By Regions (2017)
4 India Solar Inverter Market Overview
    4.1 India Solar Inverter Market Revenues (2014-2024F)
    4.2 India Solar Inverter Industry Life Cycle
    4.3 India Solar Inverter Market Opportunistic Matrix
    4.4 India Solar Inverter Market Value Chain Analysis
    4.5 India Solar Inverter Market Porter's Five Forces Model
    4.6 India Solar Inverter Market Revenue Share, By Types (2017 & 2024F)
    4.7 India Solar Inverter Market Revenue Share, By System Types (2017 & 2024F)
    4.8 India Solar Inverter Market Revenue Share, By End Users (2017 & 2024F)
    4.9 India Solar Inverter Market Revenue Share, By Power Rating (2017 & 2024F)
    4.10 India Solar Inverter Market Revenue Share, By Regions (2017 & 2024F)
5 India Solar Inverter Market Dynamics
    5.1 Impact Analysis
    5.2 Market Drivers
    5.3 Market Restraints
    5.4 Market Opportunity
6 India Solar Inverter Market Trends
7 India Solar Inverter Market Overview, By Types
    7.1 India Solar Inverter Market Revenues, By Central Solar Inverter (2014-2024F)
    7.2 India Solar Inverter Market Revenues, By String Solar Inverter (2014-2024F)
    7.3 India Solar Inverter Market Revenues, By Micro Solar Inverter (2014-2024F)
8 India Solar Inverter Market Overview, By System Types
    8.1 India Solar Inverter Market Revenues, By On Grid (2014-2024F)
    8.2 India Solar Inverter Market Revenues, By Off Grid (2014-2024F)
9 India Solar Inverter Market Overview, By End Users
    9.1 India Solar Inverter Market Revenues, By Commercial (2014-2024F)
    9.2 India Solar Inverter Market Revenues, By Utility (2014-2024F)
    9.3 India Solar Inverter Market Revenues, By Residential (2014-2024F)
10 India Solar Inverter Market Overview, By Power Rating
    10.1 India Solar Inverter Market Revenues, By Below 10 kW (2014-2024F)
    10.2 India Solar Inverter Market Revenues, By 10 kW - 100 kW (2014-2024F)
    10.3 India Solar Inverter Market Revenues, By 100.1 kW - 1MW (2014-2024F)
    10.4 India Solar Inverter Market Revenues, By Above 1 MW (2014-2024F)
11 India Solar Inverter Market Overview, By Regions
    11.1 India Solar Inverter Market Revenues, By Northern Region (2014-2024F)
    11.2 India Solar Inverter Market Revenues, By Eastern Region (2014-2024F)
    11.3 India Solar Inverter Market Revenues, By Western Region (2014-2024F)
    11.4 India Solar Inverter Market Revenues, By Southern Region (2014-2024F)
12 India Solar Inverter Market Ecosystem Analysis
13 India Solar Inverter Market Competitive Landscape
    13.1 India Solar Inverter Market, By Players' Revenue Share (2017)
    13.2 India Solar Inverter Market, By Operating Parameters
    13.3 India Solar Inverter Market, By Solar Inverter Types & Applications
14 Company Profiles
    14.1 ABB India Ltd.
    14.2 SMA Solar India Pvt. Ltd.
    14.3 Delta India Electronics Pvt. Ltd.
    14.4 Chint Electric India Pvt. Ltd.
    14.5 Schneider Electric India Pvt. Ltd.
    14.6 Hitachi Hi-Rel Power Electronics Pvt. Ltd.
    14.7 Toshiba Mitsubishi-Electric Industrial Systems Corporation
15 Key Strategic Notes
16 Disclaimer

List of Figures
1 Global Solar Inverter Market Revenues, 2014-2024F ($ Billion)
2 Global Solar Inverter Market Revenue Share, By Regions (2017)
3 India Solar Inverter Market Revenues, 2014-2024F ($ Million)
4 Technology-wise Contribution Towards Renewable Energy Targets, India (2022)
5 India Solar Inverter Market Revenue Share, By Types (2017)
6 India Solar Inverter Market Revenue Share, By Types (2024F)
7 India Solar Inverter Market Revenue Share, By System Types (2017)
8 India Solar Inverter Market Revenue Share, By System Types (2024F)
9 India Solar Inverter Market Revenue Share, By End Users (2017)
10 India Solar Inverter Market Revenue Share, By End Users (2024F)
11 India Solar Inverter Market Revenue Share, By Types (2017)
12 India Solar Inverter Market Revenue Share, By Types (2024F)
13 India Solar Inverter Market Revenue Share, By Regions (2017 & 2024F)
14 Declining Solar Module Price ($ per Watt)
15 Declining Solar Inverter Price ($ per Watt)
16 Installed Solar Capacity in India (GW)
17 Expected Solar Tenders in India (GW)
18 India Solar Inverter Market Revenues, By Central Solar Inverter, 2014-2024F ($ Million)
19 India Solar Inverter Market Revenues, By String Solar Inverter, 2014-2024F ($ Million)
20 India Solar Inverter Market Revenues, By Micro Solar Inverter, 2014-2024F ($ Million)
21 India Solar Inverter Market Revenues, By On Grid Systems, 2014-2024F ($ Million)
22 India Solar Inverter Market Revenues, By Off Grid Systems, 2014-2024F ($ Million)
23 India Solar Inverter Market Revenues, By Commercial, 2014-2024F ($ Million)
24 India Solar Inverter Market Revenues, By Utility, 2014-2024F ($ Million)
25 India Solar Inverter Market Revenues, By Residential, 2014-2024F ($ Million)
26 India Solar Inverter Market Revenues, By Below 10 kW, 2014-2024F ($ Million)
27 India Solar Inverter Market Revenue Share, By Below 10 kW (2017 & 2024F)
28 India Solar Inverter Market Revenues, By 10 kW-100 kW, 2014-2024F ($ Million)
29 India Solar Inverter Market Revenue Share, By 10 kW - 100 kW (2017 & 2024F)
30 India Solar Inverter Market Revenues, By 100.1 kW - 1 MW, 2014-2024F ($ Million)
31 India Solar Inverter Market Revenue Share, By 100.1 kW - 1 MW (2017 & 2024F)
32 India Solar Inverter Market Revenues, By Above 1 MW, 2014-2024F ($ Million)
33 India Solar Inverter Market Revenue Share, By Above 1 MW (2017 & 2024F)
34 Region wise Break-up of Solar Energy Target (2022)
35 India Solar Inverter Market Revenues, By Northern Region, 2014-2024F ($ Million)
36 India Solar Inverter Market Revenues, By Eastern Region, 2014-2024F ($ Million)
37 India Solar Inverter Market Revenues, By Western Region, 2014-2024F ($ Million)
38 India Solar Inverter Market Revenues, By Southern Region, 2014-2024F ($ Million)
39 India Renewable and Solar Energy Target (2022)
40 India Solar Inverter Market Revenue Share, By Players (2017)

List of Tables
1 Top 10 Solar Plants in the World, By MW Capacity (2017)
2 Global Renewable Energy Capacity, 2008-2017 (GW)
3 List of Major Solar Inverter Manufacturers in India (2017)
4 Solar Park Capacities in Key States, MW (2017)
5 GST Rates for Major Solar Equipment (2017)
6 Solar Power Projects by Airport Authority of India (AAI) in 2016-2017
7 Key States based on Utility scale Solar Installations, 2017
8 State wise Key Solar Parks in Northern India (As on 2016)
9 State wise Key Solar Parks in Eastern India (As on 2016)
10 State wise Key Solar Parks in Western India (As on 2016)
11 State wise Key Solar Parks in Southern India (As on 2016)
12 India Solar Inverter Market Revenues, By Players (2017)

India Solar Inverter Market (2018-2024) report graph
   Source: 6Wresearch

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