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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The unorganized market in the residential sector is forecasted to shrink as compared to the<br />
organized sector. The people are becoming more aware about the brands and the choices that<br />
are available the organized market has taken a huge jump. Luminous, Microtek and Su-kam<br />
cover about xxxx% of the organized market in the <strong>India</strong>n inverter market.<br />
Fig : 16 <strong>India</strong>n <strong>Inverter</strong> <strong>Market</strong> Size By Organized- Unorganized Residential <strong>Inverter</strong> <strong>Market</strong><br />
2015F – 2021F (USD Million)<br />
2015 2016 2017 2018 2019 2020 2021<br />
Organized<br />
Unorganized<br />
Source: Bonafide Research<br />
The residential segment of the organized segment is those inverters with the capacity of less<br />
than xxxx KVA. The organized sector is expected to lead through brand building, channel<br />
expansion, building service infrastructure and of course, lowering the price gap between<br />
organized and unorganized players by product innovation.<br />
The organized sector is expected to have a market of USD xxxx Million by 2018 whereas the<br />
unorganized sector is expected to have a market size of USD xxxx Million in the residential<br />
segment. By 2021, the organized market is expected to acquire a market of USD xxxx Million in<br />
the residential sector alone whereas that of unorganized is expected to decrease to reach USD<br />
xxxx Million in the same year.<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 13
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