Sample-India Power Inverter Market Overview
"Power or electricity is one of the most critical components of infrastructure affecting economic growth and well-being of every nation. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy. India’s power sector is one of the more ignored sectors in the Indian economy especially in the rural parts of the country remains without power, as does 6% of the urban population. This report is about the market size of the power inverters in India and how is it going to help the economy of the country by providing back up of the power whenever needed. This report reveals how government is supporting the power inverter market by computerization of schools and other development factors to achieve the grid parity in India. The report also reveals the trend in this industry is shifting to hybrid inverters and solar inverter in Indian power inverter market. The Power inverter market in India was growing at a CAGR of about 11.79 per cent during the period 2009—2014. The manufacturing ecosystem for these products is quite mature while technological requirements of Inverter manufacturing are greater than the manufacturing and design capabilities present in India currently. Some of the major players in the inverters market are Luminous, Su-kam, and Microtek. Steady demand from the home and SOHO segments is expected to buttress the growth of the inverter market. The unorganized segment has a large share of the inverter market, though its share has been declining lately due to enhanced consumer awareness. According to “India Power Inverter Market Overview”, the market for power inverters in India is expected to grow with a CAGR of 8.49% from 2015 to 2021. Central Inverters are the major market share acquirers of the inverter market. Micro-inverters are forecasted to increase its share technology wise. Residential segment is the new target of the inverter industry. The unorganized sector which was leading the market till 2012 is forecasted to shrink in the coming years. New entrants are also increasing and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks. “India Power Inverter Market Overview” discusses the following aspects of water heaters in India:"
"Power or electricity is one of the most critical components of infrastructure affecting economic growth and well-being of every nation. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy. India’s power sector is one of the more ignored sectors in the Indian economy especially in the rural parts of the country remains without power, as does 6% of the urban population. This report is about the market size of the power inverters in India and how is it going to help the economy of the country by providing back up of the power whenever needed. This report reveals how government is supporting the power inverter market by computerization of schools and other development factors to achieve the grid parity in India. The report also reveals the trend in this industry is shifting to hybrid inverters and solar inverter in Indian power inverter market.
The Power inverter market in India was growing at a CAGR of about 11.79 per cent during the period 2009—2014. The manufacturing ecosystem for these products is quite mature while technological requirements of Inverter manufacturing are greater than the manufacturing and design capabilities present in India currently. Some of the major players in the inverters market are Luminous, Su-kam, and Microtek. Steady demand from the home and SOHO segments is expected to buttress the growth of the inverter market. The unorganized segment has a large share of the inverter market, though its share has been declining lately due to enhanced consumer awareness.
According to “India Power Inverter Market Overview”, the market for power inverters in India is expected to grow with a CAGR of 8.49% from 2015 to 2021. Central Inverters are the major market share acquirers of the inverter market. Micro-inverters are forecasted to increase its share technology wise. Residential segment is the new target of the inverter industry. The unorganized sector which was leading the market till 2012 is forecasted to shrink in the coming years. New entrants are also increasing and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks. “India Power Inverter Market Overview” discusses the following aspects of water heaters in India:"
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pollution control norms is likely to support the substitution of generator sets with inverters of<br />
similar capacity. The market is also witnessing the entry of consumer durables players.<br />
The <strong>India</strong>n power inverter market was worth about Rs xxxx billion in 2010-11, in terms of<br />
revenue. The market is projected to grow at a double-digit rate during the next three to four<br />
years. This is likely to be the result of a steady demand from the domestic, small-office homeoffice,<br />
small and medium enterprises (SMEs), and commercial, industrial and other sectors.<br />
The domestic manufacturing of inverters possesses medium value addition; all the electronics<br />
components are mostly imported. Various companies present in the <strong>India</strong>n industry leverage<br />
their local competencies and global supply to serve the domestic market. <strong>India</strong> is more or less<br />
self-sufficient in the manufacturing of inverters. The most valuable component inside of an<br />
inverter is the transformer and <strong>India</strong> possesses considerable capabilities for their manufacture.<br />
Such capabilities could enable the country act as an export hub to countries such as<br />
Philippines, Vietnam, Sri Lanka etc.<br />
One of the major buyers of inverters today is the government of <strong>India</strong>. Of late, our government<br />
has not floated any major tenders, as a result of which sale of inverters has taken a hit. While<br />
government schemes such as computerization of schools have boosted the industry in the past,<br />
not many new funds have been allocated to schools in the recent times. This has, in turn,<br />
affected the number of orders, thereby leading to a decline in sales. On the brighter side, the<br />
government‘s initiative of computerization of its various departments is benefitting the industry,<br />
currently keeping the industry afloat.<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 11
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