India Micro Inverter Market – Industry Trends and Forecast to 2029

Request for TOC Request for TOC Speak to Analyst Speak to Analyst Buy Now Buy Now Inquire Before Buying Inquire Before Free Sample Report Free Sample Report

India Micro Inverter Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Published Report
  • Jun 2022
  • Country Level
  • 350 Pages
  • No of Tables: 27
  • No of Figures: 21

Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF INDIA MICRO INVERTER MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATIONS

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 DBMR TRIPOD DATA VALIDATION MODEL

2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.6 DBMR MARKET POSITION GRID

2.7 MULTIVARIATE MODELING

2.8 CONNECTION TYPE TIMELINE CURVE

2.9 MARKET CHALLENGE MATRIX

2.1 SECONDARY SOURCES

2.11 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 VALUE CHAIN ANALYSIS

4.2 ECOSYSTEM

4.3 TECHNOLOGY ANALYSIS

4.4 PRICING ANALYSIS

4.5 REGULATIONS

4.6 CASE STUDY

4.6.1 ENPHASE INSTALLED 7X M250 MICRO INVERTERS AND 1X ENVOY-R FOR RESIDENTIAL END USERS AS ENVIRONMENTALLY FRIENDLY SOLAR INVESTMENT

4.6.2 ENPHASE INSTALLED M215 MICRO INVERTERS FOR FAT WEST MEATS (US) COMMERCIAL PROJECT, PROVING THEM BETTER THAN DC OPTIMIZERS

5 MARKET OVERVIEW

5.1 DRIVERS

5.1.1 RISE IN DEMAND FOR RENEWABLE ENERGY ACROSS THE SECTOR

5.1.2 INCREASE IN INSTALLATIONS OF SOLAR PRODUCTS SUCH AS SOLAR PANELS ACROSS THE COUNTRY

5.1.3 TECHNICAL ADVANTAGES OF MICRO INVERTERS OVER CONVENTIONAL SOLAR INVERTERS

5.2 RESTRAINTS

5.2.1 HIGHER INSTALLATION AND MAINTENANCE COSTS OF MICRO-INVERTERS

5.2.2 HIGHER DEPENDENCE ON CONVENTIONAL SOURCES OF ENERGY FOR ELECTRICITY GENERATION

5.3 OPPORTUNITIES

5.3.1 INCREASE IN ACQUISITION AND PARTNERSHIP AMONG VARIOUS ORGANIZATIONS

5.3.2 THE INTEGRATED STRUCTURE OF MICRO INVERTER IS PROVING OPPORTUNITIES FOR MANY MARKET PLAYERS

5.3.3 GROWING GOVERNMENT INITIATIVES FOR USING ALTERNATIVES SOURCE OF ENERGY

5.4 CHALLENGES

5.4.1 RISING ADOPTION OF DC OPTIMIZERS ACROSS THE MARKET

5.4.2 COMPLICATED DESIGN STRUCTURE OF MICRO INVERTER

6 ANALYSIS OF IMPACT OF COVID 19 ON THE MARKET

6.1 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST MARKET GROWTH

6.2 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE

6.3 IMPACT ON DEMAND, SUPPLY, AND PRICE

6.4 CONCLUSION

7 INDIA MICRO INVERTER MARKET, BY CONNECTION TYPE

7.1 OVERVIEW

7.2 GRID-TIED

7.2.1 SINGLE INPUT SINGLE OUTPUT (SISO)PLATFORM

7.2.2 MULTI INPUT SINGLE OUTPUT (MISO) PLATFORM

7.3 STAND-ALONE

7.3.1 PURE SINE WAVE

7.3.2 SQUARE WAVE

7.3.3 MODIFIED SINE WAVE

8 INDIA MICRO INVERTER MARKET, BY UTILITY

8.1 OVERVIEW

8.2 RAPID SHUTDOWN

8.3 PANEL-LEVEL MONITORING

8.4 SYSTEM EXPANSION EASE

8.5 MULTIPLE ANGEL INSTALLATION

8.6 HIGHER DURABILITY

8.7 OTHERS

9 INDIA MICRO INVERTER MARKET, BY TYPE

9.1 OVERVIEW

9.2 SINGLE PHASE

9.3 THREE PHASE

10 INDIA MICRO INVERTER MARKET, BY OFFERING

10.1 OVERVIEW

10.2 HARDWARE

10.3 SERVICES

10.4 SOFTWARE

11 INDIA MICRO INVERTER MARKET, BY COMMUNICATION TECHNOLOGY

11.1 OVERVIEW

11.2 WIRED

11.3 WIRELESS

12 INDIA MICRO INVERTER MARKET, BY POWER RATING

12.1 OVERVIEW

12.2 BETWEEN 251 & 500 W

12.3 BELOW 250 W

12.4 ABOVE 500 W

13 INDIA MICRO INVERTER MARKET, BY SALES CHANNEL

13.1 OVERVIEW

13.2 INDIRECT CHANNEL

13.3 DIRECT CHANNEL

14 INDIA MICRO INVERTER MARKET, BY INDUSTRY

14.1 OVERVIEW

14.2 RESIDENTIAL

14.2.1 INDIVIDUAL HOMES

14.2.1.1 RAPID SHUTDOWN

14.2.1.2 PANEL-LEVEL MONITORING

14.2.1.3 SYSTEM EXPANSION EASE

14.2.1.4 MULTIPLE ANGEL INSTALLATION

14.2.1.5 HIGHER DURABILITY

14.2.1.6 OTHERS

14.2.2 APARTMENTS

14.2.2.1 RAPID SHUTDOWN

14.2.2.2 PANEL-LEVEL MONITORING

14.2.2.3 SYSTEM EXPANSION EASE

14.2.2.4 MULTIPLE ANGEL INSTALLATION

14.2.2.5 HIGHER DURABILITY

14.2.2.6 OTHERS

14.2.3 SOCIETIES

14.2.3.1 RAPID SHUTDOWN

14.2.3.2 PANEL-LEVEL MONITORING

14.2.3.3 SYSTEM EXPANSION EASE

14.2.3.4 MULTIPLE ANGEL INSTALLATION

14.2.3.5 HIGHER DURABILITY

14.2.3.6 OTHERS

14.3 COMMERCIAL

14.3.1 RETAIL

14.3.1.1 RAPID SHUTDOWN

14.3.1.2 PANEL-LEVEL MONITORING

14.3.1.3 SYSTEM EXPANSION EASE

14.3.1.4 MULTIPLE ANGEL INSTALLATION

14.3.1.5 HIGHER DURABILITY

14.3.1.6 OTHERS

14.3.2 HOTELS & RESTAURANTS

14.3.2.1 RAPID SHUTDOWN

14.3.2.2 PANEL-LEVEL MONITORING

14.3.2.3 SYSTEM EXPANSION EASE

14.3.2.4 MULTIPLE ANGEL INSTALLATION

14.3.2.5 HIGHER DURABILITY

14.3.2.6 OTHERS

14.3.3 EDUCATIONAL INSTITUTIONS

14.3.3.1 RAPID SHUTDOWN

14.3.3.2 PANEL-LEVEL MONITORING

14.3.3.3 SYSTEM EXPANSION EASE

14.3.3.4 MULTIPLE ANGEL INSTALLATION

14.3.3.5 HIGHER DURABILITY

14.3.3.6 OTHERS

14.3.4 GOVERNMENT INSTITUTIONS

14.3.4.1 RAPID SHUTDOWN

14.3.4.2 PANEL-LEVEL MONITORING

14.3.4.3 SYSTEM EXPANSION EASE

14.3.4.4 MULTIPLE ANGEL INSTALLATION

14.3.4.5 HIGHER DURABILITY

14.3.4.6 OTHERS

14.3.5 HOSPITALS

14.3.5.1 RAPID SHUTDOWN

14.3.5.2 PANEL-LEVEL MONITORING

14.3.5.3 SYSTEM EXPANSION EASE

14.3.5.4 MULTIPLE ANGEL INSTALLATION

14.3.5.5 HIGHER DURABILITY

14.3.5.6 OTHERS

14.3.6 AGRICULTURE

14.3.6.1 RAPID SHUTDOWN

14.3.6.2 PANEL-LEVEL MONITORING

14.3.6.3 SYSTEM EXPANSION EASE

14.3.6.4 MULTIPLE ANGEL INSTALLATION

14.3.6.5 HIGHER DURABILITY

14.3.6.6 OTHERS

14.4 PV POWER PLANTS

14.4.1 ON-GRID

14.4.1.1 RAPID SHUTDOWN

14.4.1.2 PANEL-LEVEL MONITORING

14.4.1.3 SYSTEM EXPANSION EASE

14.4.1.4 MULTIPLE ANGEL INSTALLATION

14.4.1.5 HIGHER DURABILITY

14.4.1.6 OTHERS

14.4.2 OFF-GRID

14.4.2.1 RAPID SHUTDOWN

14.4.2.2 PANEL-LEVEL MONITORING

14.4.2.3 SYSTEM EXPANSION EASE

14.4.2.4 MULTIPLE ANGEL INSTALLATION

14.4.2.5 HIGHER DURABILITY

14.4.2.6 OTHERS

14.4.3 HYBRID

14.4.3.1 RAPID SHUTDOWN

14.4.3.2 PANEL-LEVEL MONITORING

14.4.3.3 SYSTEM EXPANSION EASE

14.4.3.4 MULTIPLE ANGEL INSTALLATION

14.4.3.5 HIGHER DURABILITY

14.4.3.6 OTHERS

15 INDIA MICRO INVERTER MARKET, COMPANY LANDSCAPE

15.1 COMPANY SHARE ANALYSIS: INDIA

16 SWOT ANALYSIS

17 COMPANY PROFILE

17.1 ENPHASE ENERGY

17.1.1 COMPANY SNAPSHOT

17.1.2 REVENUE ANALYSIS

17.1.3 PRODUCT PORTFOLIO

17.1.4 RECENT DEVELOPMENTS

17.2 WAAREE ENERGIES LTD.

17.2.1 COMPANY SNAPSHOT

17.2.2 PRODUCT PORTFOLIO

17.2.3 RECENT DEVELOPMENTS

17.3 FCHOICE SOLAR TECH INDIA PVT LTD

17.3.1 COMPANY SNAPSHOT

17.3.2 PRODUCT PORTFOLIO

17.3.3 RECENT DEVELOPMENT

17.4 P2 POWER SOLUTIONS PVT. LTD.

17.4.1 COMPANY SNAPSHOT

17.4.2 SERVICE PORTFOLIO

17.4.3 RECENT DEVELOPMENT

17.5 SUN SINE SOLUTION PRIVATE LIMITED

17.5.1 COMPANY SNAPSHOT

17.5.2 PRODUCT PORTFOLIO

17.5.3 RECENT DEVELOPMENT

17.6 GRACERENEW.COM

17.6.1 COMPANY SNAPSHOT

17.6.2 PRODUCT PORTFOLIO

17.6.3 RECENT DEVELOPMENTS

17.7 INFINEON TECHNOLOGIES AG

17.7.1 COMPANY SNAPSHOT

17.7.2 REVENUE ANALYSIS

17.7.3 SOLUTION PORTFOLIO

17.7.4 RECENT DEVELOPMENT

17.8 NORDIC (INDIA) SOLUTIONS PVT. LTD

17.8.1 COMPANY SNAPSHOT

17.8.2 PRODUCT PORTFOLIO

17.8.3 RECENT DEVELOPMENT

17.9 360 POWER PRODUCTS

17.9.1 COMPANY SNAPSHOT

17.9.2 PRODUCT PORTFOLIO

17.9.3 RECENT DEVELOPMENT

17.1 SURATEXIM

17.10.1 COMPANY SNAPSHOT

17.10.2 PRODUCT PORTFOLIO

17.10.3 RECENT DEVELOPMENT

17.11 SMA SOLAR TECHNOLOGY AG

17.11.1 COMPANY SNAPSHOT

17.11.2 REVENUE ANALYSIS

17.11.3 PRODUCT PORTFOLIO

17.11.4 RECENT DEVELOPMENT

17.12 SUNSIGHTS SOLAR

17.12.1 COMPANY SNAPSHOT

17.12.2 PRODUCT PORTFOLIO

17.12.3 RECENT DEVELOPMENT

17.13 TEXAS INSTRUMENTS INCORPORATED

17.13.1 COMPANY SNAPSHOT

17.13.2 REVENUE ANALYSIS

17.13.3 SOLUTION PORTFOLIO

17.13.4 RECENT DEVELOPMENT

17.14 U R ENERGY

17.14.1 COMPANY SNAPSHOT

17.14.2 PRODUCT PORTFOLIO

17.14.3 RECENT DEVELOPMENT

18 QUESTIONNAIRE

19 RELATED REPORTS

List of Table

TABLE 1 PRICE RANGE OF SOME MICRO INVERTERS BY COMPANIES IN INDIA:

TABLE 2 INDIA MICRO INVERTER MARKET, BY CONNECTION TYPE, 2020-2029 (USD THOUSAND)

TABLE 3 INDIA MICRO INVERTER MARKET, BY CONNECTION TYPE, 2020-2029 (THOUSAND UNITS)

TABLE 4 INDIA GRID-TIED IN MICRO INVERTER MARKET, BY PLATFORM, 2020-2029 (USD THOUSAND)

TABLE 5 INDIA STAND-ALONE IN MICRO INVERTER MARKET, BY POWER OUTPUT TYPE, 2020-2029 (USD THOUSAND)

TABLE 6 INDIA MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 7 INDIA MICRO INVERTER MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 8 INDIA MICRO INVERTER MARKET, BY OFFERING, 2020-2029 (USD THOUSAND)

TABLE 9 INDIA MICRO INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2020-2029 (USD THOUSAND)

TABLE 10 INDIA MICRO INVERTER MARKET, BY POWER RATING, 2020-2029 (USD THOUSAND)

TABLE 11 INDIA MICRO INVERTER MARKET, BY SALES CHANNEL, 2020-2029 (USD THOUSAND)

TABLE 12 INDIA MICRO INVERTER MARKET, BY INDUSTRY, 2020-2029 (USD THOUSAND)

TABLE 13 INDIA RESIDENTIAL IN MICRO INVERTER MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 14 INDIA INDIVIDUAL HOMES IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 15 INDIA APARTMENTS IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 16 INDIA SOCIETIES IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 17 INDIA COMMERCIAL IN MICRO INVERTER MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 18 INDIA RETAIL IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 19 INDIA HOTELS & RESTAURANTS IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 20 INDIA EDUCATIONAL INSTITUTIONS IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 21 INDIA GOVERNMENT INSTITUTIONS IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 22 INDIA HOSPITALS IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 23 INDIA AGRICULTURE IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 24 INDIA PV POWER PLANTS IN MICRO INVERTER MARKET, BY TYPE, 2020-2029 (USD THOUSAND)

TABLE 25 INDIA ON-GRID IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 26 INDIA OFF-GRID IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

TABLE 27 INDIA HYBRID IN MICRO INVERTER MARKET, BY UTILITY, 2020-2029 (USD THOUSAND)

List of Figure

FIGURE 1 INDIA MICRO INVERTER MARKET: SEGMENTATION

FIGURE 2 INDIA MICRO INVERTER MARKET: DATA TRIANGULATION

FIGURE 3 INDIA MICRO INVERTER MARKET: DROC ANALYSIS

FIGURE 4 INDIA MICRO INVERTER MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS

FIGURE 5 INDIA MICRO INVERTER MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 INDIA MICRO INVERTER MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 INDIA MICRO INVERTER MARKET: DBMR MARKET POSITION GRID

FIGURE 8 INDIA MICRO INVERTER MARKET: SEGMENTATION

FIGURE 9 RISE IN DEMAND OF RENEWABLE ENERGY ACROSS THE SECTOR IS EXPECTED TO DRIVE THE INDIA MICRO INVERTER MARKETIN THE FORECAST PERIOD OF 2022 TO 2029

FIGURE 10 GRID-TIED SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF INDIA MICRO INVERTER MARKETIN 2022 & 2029

FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF INDIA MICRO INVERTER MARKET

FIGURE 12 GLOBAL CUMULATIVE PV INSTALLATION, BY REGION (2020)

FIGURE 13 INDIA MICRO INVERTER MARKET: BY CONNECTION TYPE, 2021

FIGURE 14 INDIA MICRO INVERTER MARKET: BY UTILITY, 2021

FIGURE 15 INDIA MICRO INVERTER MARKET: BY TYPE, 2021

FIGURE 16 INDIA MICRO INVERTER MARKET: BY OFFERING, 2021

FIGURE 17 INDIA MICRO INVERTER MARKET: BY COMMUNICATION TECHNOLOGY, 2021

FIGURE 18 INDIA MICRO INVERTER MARKET: BY POWER RATING, 2021

FIGURE 19 INDIA MICRO INVERTER MARKET: BY SALES CHANNEL, 2021

FIGURE 20 INDIA MICRO INVERTER MARKET: BY INDUSTRY, 2021

FIGURE 21 INDIA MICRO INVERTER MARKET: COMPANY SHARE 2021 (%)

Frequently Asked Questions

The market value for India Micro Inverter Market is expected USD 530,969.11 thousand by 2029.
The India Micro Inverter Market is to grow at a CAGR of 16.1% during the forecast by 2029.
The major players operating in the India Micro Inverter Market are Infineon Technologies AG, Fchoice Solar Tech India Pvt Ltd, Nordic (India) Solutions Pvt. Ltd, SunSights Solar, U R Energy, Enphase Energy, 360 Power Products, gracerenew.com, Sun Sine Solution Private Limited, Texas Instruments Incorporated, SuratExim, Waaree Energies Ltd., SMA Solar Technology AG, and P2 Power Solutions Pvt. Ltd among others.
Higher dependence on conventional sources of energy for electricity generation, and Complicated design structure of micro inverter are poised to restrict the market growth.