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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3.3. <strong>Market</strong> Share<br />
3.3.1. By Region<br />
The grid collapse may have inconvenienced many and caused losses too few industries, but<br />
one segment is not complaining, manufacturers of power backup products such<br />
as generator sets, inverters and batteries across north <strong>India</strong> are seeing a demand surge as a<br />
result of the twin power outages.<br />
Fig : 35 <strong>India</strong>n <strong>Inverter</strong> <strong>Market</strong> Share By Region By Value 2009 & 2021F<br />
2014 2021<br />
North<br />
South<br />
East<br />
West<br />
Source: Bonafide Research<br />
There has been an instant rise in sales queries for gensets. From five-six queries a day, it is 20-<br />
25 now. The highest demand from residential areas has been for xxxx kva genset, priced Rs<br />
xxxx lakh, which can run up to one air conditioner, while commercial units enquire mostly for xxx<br />
kva genset, which costs around Rs xxxx lakh.<br />
As per a report of the Associated Chambers of Commerce and Industry of <strong>India</strong> (Assocham),<br />
the demand for inverters, genset and battery has risen by 70 per cent in Delhi-NCR this<br />
summer. There has been an almost xxx per cent increase in the sale of inverters this month.<br />
Not only households, even small establishments and shops have started going for UPS for<br />
having minimum lighting and fans on in their shops for the convenience of the customers. These<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 14
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