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:"
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
establishments to opt for inverters and UPS systems to address this requirement. The market<br />
for inverters in <strong>India</strong> was characterized by a dominant presence of the unorganized sector.<br />
While the unorganized sector caters to the price-sensitive consumers, organized players mostly<br />
target the brand-conscious consumers. However, the low prices offered by the unorganized<br />
players are now compelling the organized players to reduce their prices to effectively maintain<br />
their competitive edge in the market.<br />
In <strong>India</strong>, the electric power projections depict a shortfall in power generation. The quality of<br />
power is also not as desired. Therefore, a suitable power conditioning system is needed to<br />
buffer the equipment from electric utility supply variations and fluctuations. <strong>Inverter</strong> is a device<br />
that converts direct current electricity to alternating current either for stand-alone systems or to<br />
supply power to an electricity grid. All processes which are continuous and not batch processes<br />
require continuous quality power supply. A reliable power supply is essential in both the<br />
residential and the industrial sector nowadays.<br />
Shifting focus to the inverter segment, previously, for hard-core backup power, people used<br />
gensets. Due to rising cost and storage challenges of diesel, people are starting to shift from<br />
gensets to power inverters. In some of the small office/home office (SOHO) and SME segments,<br />
diesel gensets are not completely being discarded but their usage is slowly being reduced; they<br />
are complementing the power inverters when they are completely discharged. The government<br />
is releasing schemes but, at the same time, due to lack of knowledge, the assemblers and<br />
integrators still do not know how to give you maximum benefit.<br />
The trend is moving towards hybrid inverters. These inverters use solar panels in combination<br />
with the main power to charge the battery, thus saving on the electricity cost. These inverters<br />
could help in integrating conventional energy sources with regular sources easily and are<br />
programmed to use conventional sources in a better way. Another emerging area is that of<br />
<strong>India</strong> <strong>Power</strong> <strong>Inverter</strong> <strong>Market</strong> Outlook 2021 Page 8
Change language