DUBLIN, October 20, 2022 /PRNewswire/ — The “India High Capacity Inverter Market Size and Share Analysis by Wave, Phase, Operating Mode, Sales Channel, End Use, Application – Industry Development and Demand Forecast to 2030” report has been added to from ResearchAndMarkets.com offer.
Indian High Capacity Non-Solar Inverter Market Size Was Exceeded $391 million in 2021, and it will reach more than $760 million by 2030, growing at a growth rate of 7.7%. This is attributed to the snowballing requirement for backup power solutions in industrial, commercial and residential areas, accompanied by the growing need for UPS in Tier II and Tier III cities nationwide.
In addition, the Indian high capacity solar inverter market will reach $1,199 million by 2030 from $426 million in 2021, at a growth rate of more than 12% in the years to come. This is due to the increase in the use of solar energy for many applications, accompanied by several government initiatives for the approval of renewable energy sources. Additionally, the nation has an unlimited supply of solar power due to its location in the tropics and subtropics.
Single phase non-solar generated inverters $266 million Indian high capacity solar inverter market revenue in 2021, and sales value will reach a little less $534 million by 2030. This will be due to their low price and easier assembly compared to three-phase inverters.
Single-phase non-solar inverters with a capacity of 2 kVA to 4.9 kVA are popular due to their low costs and a wide variety of residential uses. However, the requirement for 5kVA-10kVA variants will see a substantial growth rate of around 9% over the period 2021-2030 due to their wide use in commercial and industrial setups, which require greater Powerful.
High-capacity solar inverters are mainly used in the utility and power industry, which contributed about 92% of market revenue in 2021. Moreover, this category will have a growth rate of more than 12%, because these inverters are widely used. in solar power plants to store excess solar energy and supply it to the grid when demand increases.
Karnataka has introduced the Arunodaya program, under which a 14 MW solar photovoltaic power plant has been built. Therefore, in 2021, 20% of Karnataka’s daily energy needs were met by solar energy. Additionally, the state has the largest solar power capacity in the country at 7,346 MW with the largest photovoltaic installation at Pavagada in Tumakuru district.
Tamil Nadu is the largest high capacity non-solar inverter market in the country, accounting for over 14% revenue share in 2021. This is due to the existence of the largest wind farm in Kanyakumari, providing power 1,500 MW electricity. ; in total, the state has about 3,000 wind turbines.
Similarly, Tamil Nadu has high potential for small wind turbines as the region is favorable for wind power and the government has developed promising policies for small wind turbines. These factors are driving the growth of the Indian Non-Solar High Capacity Inverter Market by encouraging players to target customers here.
Main topics covered:
Chapter 1. Research Context
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Definition of Market Segments
4.1 Per wave
4.1.1 Sine wave
4.1.2 Modified sine wave
4.1.3 Square wave
4.2 By stage
4.2.1 Single phase
4.2.1.1 2kVA?4.9kVA
4.2.1.2 5kVA?10kVA
4.2.1.3 > 10 kVA
4.2.2 Three-phase
4.2.2.1 2kVA?4.9kVA
4.2.2.2 5kVA?10kVA
4.2.2.3 > 10 kVA
4.3 By operating mode
4.3.1 Autonomous
4.3.2 Network connection
4.4 By sales channel
4.4.1 Direct
4.4.2 Indirect
4.5 By end use
4.5.1 Purpose and power supply
4.5.2 Commercial
4.5.3 Residential
4.6 By Application
4.6.1 Wind turbine
4.6.2 Rail traction
4.6.3 Motorization
4.6.4 Home/Commercial Inverter
4.6.5 Others
Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.1.1 Growing Penetration of Hybrid Inverters in Small & Medium Enterprises (SMEs)
5.1.2 Drivers
5.1.2.1 Increase in renewable energy production
5.1.2.2 Increase in Electricity Demand in Several Industries
5.1.3 Impact Analysis of Drivers on Market Forecast
5.1.4 Constraints
5.1.4.1 Import of solar array inverters and high-frequency inverters
5.1.5 Market Forecast Restrictions Impact Analysis
5.2 Impact of COVID-19
5.3 Value chain analysis
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining power of buyers
5.4.2 Bargaining power of suppliers
5.4.3 Intensity of rivalry
5.4.4 Threat of new entrants
5.4.5 Threat of Substitutes
Chapter 6. India Non-Solar Market Size and Forecast
6.1 Overview
6.2 Market Volume, By Wave (2017-2030)
6.3 Market Revenue, by Phase (2017-2030)
6.3.1 Single-Phase Inverter Market Revenue, by Capacity (2017-2030)
6.3.2 Three-Phase Inverter Market Revenue, by Capacity (2017-2030)
6.4 Market Revenue, by Mode of Operation (2017-2030)
6.5 Market Revenue, by Sales Channel (2017-2030)
6.6 Market Revenue, by End Use (2017-2030)
6.7 Market Revenue, by Application (2017-2030)
6.8 Market Revenue, by State (2017-2030)
Chapter 7. Indian Solar Market Size and Forecast
7.1 Overview
7.2 Market Revenue, by Wave (2017-2030)
7.3 Market Revenue, by Phase (2017-2030)
7.3.1 Single-Phase Inverter Market Revenue, by Capacity (2017-2030)
7.3.2 Three-Phase Inverter Market Revenue, by Capacity (2017-2030)
7.4 Market Revenue, by Mode of Operation (2017-2030)
7.5 Market Revenue, by Sales Channel (2017-2030)
7.6 Market Revenue, by End Use (2017-2030)
7.7 Market Revenue, by State (2017-2030)
Chapter 8. Competitive Landscape
8.1 List of Market Players and Their Offerings
8.2 Major Players Market Share Analysis
8.2.1 High kVA Non-Solar Inverter Market
8.2.2 High kVA Solar Inverter Market
8.3 Major Players Product Comparison
8.3.1 Comparison of Major High kVA Non-Solar Inverters
8.3.2 Comparison of Major solar anticyclone kVA inverters
8.4 Recent Strategic Developments of Key Player/Players
8.4.1 Product launches
8.4.2 Partnerships
8.4.3 Expansion of facilities
Chapter 9. Business Profiles
9.1 Huawei Technologies Co.Ltd.
9.1.1 Business Overview
9.1.2 Product and service offerings
9.1.3 Key Financial Summary
9.2 Luminous Power Technologies Pvt. ltd.
9.2.1 Activity Overview
9.2.2 Product and service offerings
9.3 Microtek International Pvt. ltd.
9.3.1 Activity Overview
9.3.2 Product and service offerings
9.4 V-Guard Industries Ltd.
9.4.1 Company Overview
9.4.2 Product and service offerings
9.4.3 Key Financial Summary
9.5 SolarEdge Technologies Ltd.
9.5.1 Activity Overview
9.5.2 Product and service offerings
9.5.3 Key Financial Summary
9.6 Delta Electronics Inc.
9.6.1 Company Overview
9.6.2 Product and service offerings
9.6.3 Key financial summary
9.7 Fimer SpA
9.7.1 Company Overview
9.7.2 Product and solution offerings
9.8 SMA Solar Technology AG
9.8.1 Company Overview
9.8.2 Product and service offerings
9.8.3 Key Financial Summary
9.9 Gender Innovation Limited
9.9.1 Company Overview
9.9.2 Product and service offerings
9.10 Sungrow Power Supply Co. Ltd.
9.10.1 Company Overview
9.10.2 Product and service offerings
9.10.3 Key Financial Summary
9.11 Exide Industries Limited
9.11.1 Company Overview
9.11.2 Product and service offerings
9.11.3 Key Financial Summary
9.12 Toshiba Mitsubishi-Electric Industrial Systems Corporation
9.12.1 Company Overview
9.12.2 Product and service offerings
Chapter 10. Appendix
For more information on this report, visit https://www.researchandmarkets.com/r/kmfpo7
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