GURGAON, India, February 16, 2016 /PRNewswire/ --
- The Total Installed Capacity of Solar Inverters Inclined at a CAGR of 53.7% During FY'2011-FY'2015
- The Market for Solar Inverters in India is Projected to Incline at a CAGR of 76.9%
Ken Research has announced in its report titled "India Solar Inverter Market Outlook to 2020 - Continuous Government Support and Advent of Micro Solar Inverter to Foster Future Growth", that the market has soared at a CAGR of more than 60% from FY'2011-FY'2015. In terms of installed capacity, the sector registered a growth of 53.7% during the review period FY'2011-FY'2015. Growing awareness based upon the benefits of generating power through solar energy has been an important factor behind the incredible growth of the industry. Intense competition and convincing advertisement and promotional strategies adopted by players have enabled the increased adoption of solar inverters across the rural and semi-urban areas.
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In the solar inverter market of India, different solar inverters are being manufactured for different segments namely residential, industrial commercial and utility segments. On the basis of type of solar inverters, made-on-land inverters occupied the highest proportion of the overall market revenues in FY'2015, followed by market share of rooftop solar inverters. The market space for solar inverter in India has been dominated by organized players during FY'2011-FY'2015.
On the basis of end users, government segment captured dominating share of overall solar inverter market followed by captive units during FY'2015. The India solar inverter market has been dominated by major multinational companies such as ABB India, Delta Power, Bonfiglioli, Delta Power and Others. Major domestic players in the market include Su-kam, Luminous, and Microtek amongst other.
India solar inverter market holds a great potential owing to the development of premium category products, rising advertisement and promotional efforts by solar inverter companies to make consumers aware particularly in rural areas along with the rising awareness levels leading to higher adoption rate of solar inverters.
Key Topics Covered:
1. India Solar Inverter Market
- Introduction
- Value Chain
- Business Model
- Market Size by Revenue and Installed Capacity
- Market Segmentation
- Made on Land and Rooftop
- Organized and Unorganized
- By Capacity
- By End Users
- Cost of Installing Solar Inverter System
2. India Residential Solar Inverter Market
- Introduction
- Market Size by Revenues
- Market Segmentation
- Residential Rooftop
- On-Grid
- Off-Grid
- Grid Interactive
- By Rural and Urban
- Organized and Unorganized Players
- Financing Options
- Market Share
- Future Outlook and Projections
3. India Industrial Commercial Solar Inverter Market
- Introduction
- Market Size
- Market Segmentation
- By Type of Inverter, On-Grid and Off-Grid
- By Organized and Unorganized
4. India Solar Market External Trade Scenario
5. Trends and Developments
6. Issues and Challenges
7. Government Role and Regulations
8. Competitive Analysis
- Competitive Landscape
- Brand Analysis
- Market Share
- Price Analysis
9. Cost and Investment Analysis of Setting Up Solar Inverter System
10. India Solar Inverter Market Future Projections and Outlook
Browse full report:
Similar Report on Inverter Market:
India Inverters and UPS Market Outlook to 2019 - Driven by Power Deficit and Industrial Expansion
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