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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Luminous has 7 manufacturing facilities in <strong>India</strong>. It has the <strong>India</strong>'s largest home UPS and line<br />
interactive/ online UPS manufacturing facilities. It also is amongst the world's most focused<br />
manufacturers of Deep Cycle Flooded Batteries. Relentless focus on process control and<br />
product testing leads them towards swift improvement in life cycle.<br />
Technology Used:<br />
Their Battery R&D team is headed by an American CTO with over xxx years of experience in<br />
battery industry. They have the Best Deep Cycle Flooded Lead Acid Battery Technology<br />
developed along with Eagle-Picher Inc, USA, a global leader in long life battery technology.<br />
Technology for manufacturing Lead Calcium Long Life Deep Cycle VRLA Batteries for UPS &<br />
EPS applications, developed together with Eagle Picher Inc, USA.<br />
Research and Development:<br />
They have advanced R&D facility with 15 Engineers and 27 technicians, lead by a dynamic<br />
personality who holds a Ph.D. and has 21+ years of experience in the field of power electronics.<br />
Luminous uses highly sophisticated equipments like ―Agilent‖ which makes DSO (Digital storage<br />
oscilloscope), ―Yokogawa‖ powered analyzers, ―Chroma‖ AC-DC Electronic Load,<br />
Environmental Temperature chamber, Digital data loggers, Precision multi meters, Digital<br />
venires, Screw gauges etc. They also have the biggest In House Battery Lab facilities for<br />
Battery charging& discharging algorithms validation & life cycle testing of all kind of batteries.<br />
They have an In house Design Team: PCB Design (using latest design software with simulation)<br />
headed by design engineer with an experience of 10 years. They provide DSP Lab facilities:<br />
Software development centre with four engineers headed by an engineer with 15+ year<br />
experience<br />
They have a special Mechanical Design Team who develops all aesthetic designs using Auto-<br />
CAD & Solid works software, tool designing for enclosures including plastic molding.<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 17
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