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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3.1. <strong>Market</strong> Size By Value<br />
3.1.2. Overall Residential <strong>Inverter</strong> <strong>Market</strong><br />
3.1.2.2. Organized-Unorganized <strong>Market</strong> Size in Residential <strong>Inverter</strong> <strong>Market</strong><br />
The unorganized sector in the <strong>Inverter</strong> market mainly catered the residential segment in 2009.<br />
The residential segment used inverter with capacity less than 5 KVA.<br />
Fig : 15 <strong>India</strong>n <strong>Inverter</strong> <strong>Market</strong> Size By Organized- Unorganized Residential <strong>Inverter</strong> <strong>Market</strong><br />
2009 - 2014 (USD Million)<br />
Source: Bonafide Research<br />
Till 2011, the unorganized market ruled in the whole <strong>Inverter</strong> market by segmenting majorly in<br />
the residential segment. The organized sector generated revenue of USD xxxx Million where as<br />
the unorganized sector generated a market of USD xxxx Million. The gap narrowed with the<br />
entry of the organized players into the market. The people of <strong>India</strong> are always price sensitive<br />
because of which the unorganized segment were a hit back then. But now with the active<br />
participation of the organized players in the residential segment by good distribution channel,<br />
new innovation in technologies and lowering in the prices of the inverters the organized sector<br />
are back in the game.<br />
2009 2010 2011 2012 2013 2014<br />
Organized<br />
Unorganized<br />
In 2014, the market size acquired by the unorganized market went down to reach USD xxxx<br />
Million whereas the market acquired by the organized market raise to reach USD xxxx Million.<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 12
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