Inverter market share in India | Industry Trends & Growth Insights 2025

Code: MTA10102 Publication Date: Oct 2025

What is the size of India Inverter Market?

According to 6Wresearch internal database and industry insights, the India inverter market is expected to register a CAGR of 13.7% between 2025-2031.

This growth is being driven by rising energy demand, government support for renewable energy initiatives, and a growing need for energy storage solutions. The inverter market is expected to comprise over 15% of the overall energy solutions market in India by 2024.

Growth Factors for India Inverter Industry

  • Greater acceptance of renewable energy solutions, particularly solar energy, at the electrical grid level and standalone systems. 
  • Government policy supporting energy efficiency and clean energy. 
  • The growing demand for backup power systems is driven by regional power outages. 
  • Expanding the commercial and residential solar market.
  • Technological advancements that help deliver greater inverter efficiency and reliability,

India Inverter Market Trends

The India inverter market is experiencing strong tailwinds of development and growth driven by increasing adoption of solar energy solutions. Inverters are now delivering high efficiency, low cost and are a preferred option for jurisdictions looking to be available for residential, commercial and industrial applications. At the same time, the positive trend of inverters operating in concert with energy storage systems and controlling energy management is strengthening. Furthermore, there is growing market acceptance and deployment of hybrid inverters, combining energy storage systems and the grid. Hybrid solutions are becoming increasingly accepted in the Indian market.

Emerging Developments in the India Inverter Market

The India inverter market is undergoing significant developments, with new technological advancements enhancing efficiency and reducing costs. Companies are focusing on developing inverters that are compatible with the growing solar energy infrastructure and provide better energy management solutions. With the government's push toward renewable energy, the demand for advanced hybrid and battery-based inverters is increasing. Furthermore, smart inverters, which allow for remote monitoring and control, are being adopted for both residential and industrial applications.

List of Leading Companies in the India Inverter Market

Some of the leading companies include:

  • Su-Kam Power Systems
  • Luminous Power Technologies
  • Microtek International
  • Victron Energy
  • Delta Electronics
  • Schneider Electric
  • SMA Solar Technology

Frequently Asked Questions About the Market Study (FAQs):

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All