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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gadgets not only provide people relief from the sweltering heat, but also come to their aid in<br />
running their business.<br />
Demand for inverters and generators this summer is likely to grow by about 30 per cent in the<br />
national capital region (NCR), which may face power shortage of up to 10 hours, industry body<br />
Assocham said on Monday. The demand for inverters, their batteries and generators will rise to<br />
the extent of xxxx per cent as NCR is unlikely to be supplied power supplies either from<br />
neighboring region or else from far off power producing sources.<br />
Manufacturing hub of the <strong>India</strong>n power backup industry is concentrated in North <strong>India</strong>,<br />
particularly Himachal Pradesh, and Kolkata. <strong>Power</strong> deficit in the southern region of the country<br />
has triggered the demand for power backup in these regions. Tamil Nadu, Karnataka and<br />
Kerala generate the highest share of the overall demand for power backup in the country.<br />
Shortage in coal and gas, the primary raw materials for power generation, further aggravates<br />
the shortage in power supply. With time, consumers have emerged to be less tolerant about the<br />
duration of power cuts, thus providing tremendous growth prospects, which players can<br />
capitalize upon.<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 15
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