India Power Inverter Market Outlook, 2023

India Power inverter market is anticipated to grow at a CAGR of more than 9% by forecasted period. This report consist industry trends & major growing factors.

Featured Companies

  • 1. Consul Neowatt Power Solutions Private Limited
  • 2. Genus Innovation Limited
  • 3. Luminous Power Technologies Private Limited
  • 4. Microtek International Private Limited
  • 5. Su-kam Power Systems Limited
  • 6. Swelect Energy Systems Limited
  • More...

The Report Titled "India Power inverter Market Outlook, 2023" provides the comprehensive analysis of the power inverter market in India. The report has covered the entire segment includes global power inverter Market, India power inverter Market, Square wave, Modified/Quasi wave, pure sine wave in Power inverter market with its size and share in India Market. The report will provides the historical, present and forecasted data to understand the growth potential of the market. The report will provide in-depth analysis of Low (0.6 kVA to 1.5kVA), mid (2kVA to 4kVA), high end (more than 5kVA) power inverter market. The report also covers the leading companies in Power inverter market along with examining the competition between them. Forecasted Data of five years is provides to understand the market growth potential in coming years. Bonafide Research employs comprehensive and iterative research methodology focused on minimizing errors in order to provide the most accurate estimates and forecast possible. Additionally, the report includes a bird eye view on India power inverter market, with the all segment covers with forecast. According to recently published reports of Bonafide research "India Power Inverter Market Outlook, 2023". India power inverter market is expected to register a CAGR of more than 9% in forecasted period 2018-2023. Square wave power inverter is the dominant segment in power inverter market followed by modified/quasi and pure sine wave power inverter. Market is driven by constant power shortage, technological advancement, increase smart homes in tier-1 cities and customization of power inverter system. A pure sine wave system offering high efficiency rates is emerging. It is expected the market will driven by Pure sine wave systems in forecast period. Square and modified power inverter market contributes more than 70% market share in 2017. There is strong demand of power inverter market from Tier II and Tier III cities. The power inverters market in India is fragmented and there exist a large number of small unorganised players manufacturing sub-standard and local inverters. Currently, the share of unorganised players in the market is more than 15% w.r.t total revenue generated by inverter market, and this share is on a declining trend since consumers are becoming more conscious in terms of quality of products as well as the brands. Majority of demand for power inverter arises from south and north India. key players operating in the Power inverter market of India are Swelect Energy Systems Limited, Luminous Power Technologies Private Limited, Microtek International private limited, , Su-Kam Power Systems Limited, Genus innovation Limited, Consul neowatt Power Solutions Private Limited, Tritronics India Private Limited, True Power international Limited, uniline energy systems private limited, Arise India Limited. ? Considered for the Report: Geography: India Base Year: 2017 Estimated Year: 2018 Forecast Year: 2023 Objective of the study: • To present an overview on power inverter industry of India. • To analyze and forecast the market size of Power inverter market, Square wave, Modified/quasi wave, pure sine wave, in terms of value as well as volume. • To define, classify and forecast Power inverter market on the basis of segments (Square wave, Modified/quasi wave, and pure sine wave) and low (0.6kVA to 1.5kVA), mid (2kVA to 4kVA), and high (more than 5kVA) market segment. • To further classify and forecast all the product types into various sub-segments (organised/ unorganised). • To strategically profile leading players, which are operating in the power inverter industry in India. Approach for the Report: Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Power inverter market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small organized players who otherwise have very less presence on the web. Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of power inverter products were recorded and subsequently forecasted for the future years. Scope of the reports: "India Power inverter Market Outlook, 2023" discusses the following aspects of power inverter in India. - Global Power inverter Market Size By value & Forecast - Global Power inverter Market Size By volume & Forecast - India Power inverter Market size By Value & forecast - India Power inverter Market Size By Volume & forecast - Square wave power inverter Market Size By Value & Forecast - Square wave power inverter Market Size By Volume & Forecast - Modified/quasi wave power inverter Market Size By Value & Forecast - Modified/quasi wave power inverter Market Size By Volume & Forecast - Pure Sine wave Power inverter Market Size By Value & Forecast - Pure sine wave power inverter Market Size By Volume & Forecast - Key Vendors in this market space Intended Audience: This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to Power Inverter industry or Power back up OEMs, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Please get in touch with our sales team in order to find out more. Keywords: India, Power, Inverter, Power shortage, Data centers, KVA, Digital, Genus, Luminous, Neowatt, Smart Cities, internet, Cloud storage, BIS, inverter, online UPS, Offline UPS, Residential, Square wave, Line interactive, Modified wave, Quasi wave, Pure sine wave, smart home, telecom, SME, electricity, power supply, AC, DC, Microtek, power backup, electronic. CEA. Solar hybrid inverters, customisation, true power, Arise India, Uniline energy.

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Prashant Tiwari

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Prashant Tiwari

Companies Mentioned

  • Consul Neowatt Power Solutions Private Limited
  • Genus Innovation Limited
  • Luminous Power Technologies Private Limited
  • Microtek International Private Limited
  • Su-kam Power Systems Limited
  • Swelect Energy Systems Limited
  • Tritronics India Private Limited
  • True Power International Limited
  • Uniline Energy Systems Private Limited

Table of Contents

  • TABLE OF CONTENTS
  • 1. Executive Summary
  • 2. Global Power Inverter Market Outlook
  • 2.1. Market Size & Forecast
  • 2.1.1. By Value
  • 2.1.2. By Volume
  • 2.2. Market Share
  • 2.2.1. By Region
  • 2.2.2. By Technology
  • 2.2.3. By Segment
  • 2.3. Pricing Analysis
  • 3. India Power Inverter Market Outlook
  • 3.1. Market Size & Forecast
  • 3.1.1. By Value
  • 3.1.2. By Volume
  • 3.2. Square Wave Power Inverter Market
  • 3.2.1. Market Size & Forecast
  • 3.2.1.1. By Value
  • 3.2.1.2. By Volume
  • 3.3. Modified / Quasi Wave Power Inverter Market
  • 3.3.1. Market Size & Forecast
  • 3.3.1.1. By Value
  • 3.3.1.2. By Volume
  • 3.4. Pure Sine Wave Power Inverter Market
  • 3.4.1. Market Size & Forecast
  • 3.4.1.1. By Value
  • 3.4.1.2. By Volume
  • 3.5. Market Share
  • 3.5.1. By Region
  • 3.5.2. By Company
  • 3.5.3. By Technology
  • 3.5.4. By Segment
  • 3.5.5. By End Users
  • 3.6. Pricing Analysis of Power Inverter Market
  • 4. Production Process
  • 5. India Consumption of Electricity (CEA)
  • 6. India Economic Snapshot
  • 7. Raw Material
  • 8. Certifications
  • 9. Market Penetration
  • 10. PEST Analysis
  • 11. Trade Dynamics
  • 11.1. Import
  • 11.2. Export
  • 12. Market Dynamics
  • 12.1. Key Drivers
  • 12.2. Key Challenges
  • 13. Market Trends and Developments
  • 13.1. Shifting trends from diesel Genset to inverter Segment
  • 13.2. Increasing Acceptance of Solar Hybrid Inverter
  • 13.3. Shrinking Unorganised Sector
  • 13.4. Technological Improvement
  • 13.5. Introduction of Value Added Services and after sales support
  • 13.6. Demand for Product Customization from End Users
  • 14. Competitive Landscape
  • 14.1. Porters Five Forces
  • 14.2. Company Profiles
  • 14.2.1. Luminous Power Technologies Private Limited
  • 14.2.2. Su- Kam Power Systems Limited
  • 14.2.3. Microtek International Private Limited
  • 14.2.4. Genus Innovation Limited
  • 14.2.5. Consul Neowatt Power Solutions Private Limited
  • 14.2.6. Swelect Energy Systems Limited
  • 14.2.7. Tritronics India Private Limited
  • 14.2.8. True Power International Limited
  • 14.2.9. Uniline Energy Systems Private Limited
  • 14.2.10.Arise India Limited
  • 15. Strategic Recommendations
  • 16. Disclaimer

LIST OF TABLES
Table-1: Anticipated Power Supply Position in the Country during 2016-17
Table-2: Anticipated Power Supply Position in the Country during 2016-17
Table-3: India Economic Profile – 2015
Table-4: Star Rating Plan for Solid State Inverters run from Storage Batteries (12V DC)
Table-5: List of HS Code for Various Inverter Products in India 2017
Table-6: Import of Electric inverter(85044010) in India - Value & Volume 2011-12 to 2016-17
Table-7: Import of Inverter Products in India - By Country By Volume 2016-17
Table-8: Export of electric inverter(85044010) from India - Value & Volume 2011-12 to 2016-17
Table-9: Export of Inverter Products from India - By Country By Volume 2016-17
Table-10: Key Facts of Luminous Power Technologies Private Limited
Table-11: Key Facts of Su- Kam Power Systems Limited
Table-12: Key Facts of Microtek International Private Limited
Table-13: Key Facts of Genus Innovation Limited
Table-14: Key Facts of Consul Neowatt Power Solutions Private Limited
Table-15: Key Facts of Swelect Energy Systems Limited
Table-16: Key Facts of Tritronics India Private Limited
Table-17: Key Facts of True Power International Limited
Table-18: Key Facts of Uniline Energy Systems Private Limited
Table-19: Key Facts of Arise India Limited

LIST OF FIGURES
Figure-1: Global Power Inverter Market Size By Value 2012 - 2023F (USD Billion)
Figure-2: Global Power Inverter Market Size By Volume 2012 - 2023F (Million Units)
Figure-3: Global Power Inverter Market Share By Region By Value 2017 & 2023F
Figure-4: Global power Inverter Market Share By Technology By Value 2017 & 2023F
Figure-5: Global power Inverter Market Share By Segment By Value 2017 & 2023F
Figure-6: Global Power Inverter Market Average Selling Price 2012 - 2023F (USD)
Figure-7: India Power Inverter Market Size By Value 2012 - 2017 (INR Crore)
Figure-8: India Power Inverter Market Size By Value 2018F - 2023F (USD Billion)
Figure-9: India Power Inverter Market Size By Volume 2012 - 2023F (Million Units)
Figure-10: Square Wave Inverter Market Size By Volume 2012 - 2023F (INR Crore)
Figure-11: Square Wave Inverter Market Size By Volume 2012 - 2023F (Million Units)
Figure-12: Modified/Quasi Wave inverter Market Size By Volume 2012 - 2023F (INR Crore)
Figure-13: Modified / Quasi Wave Inverter Market Size By Volume 2012 - 2023 (Millions Units)
Figure-14: Pure Sine Wave Inverter Market Size By Volume 2012 - 2023F (INR Crore)
Figure-15: Pure Sine Wave Inverter Market Size By Volume 2012 - 2023 (Million Units)
Figure-16 : Indian Inverter Market Share By Region By Value 2017 & 2023F
Figure-17 : Indian Inverter Market Share By Region By Value 2017
Figure-18 : Indian Inverter Market Share By Technology By Value 2017 & 2023F
Figure-19 : Indian Inverter Market Share By Segment By Value 2017 & 2023F
Figure-20 : Indian Inverter Market Share By End Users By Value 2017 & 2023F
Figure-21: Indian Inverter Pricing Analysis 2012-2023F (INR )

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India Power Inverter Market Outlook, 2023

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