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Transformative Mega Trends in the Indian Solar Inverters Market
Transformative Mega Trends in the Indian Solar Inverters Market
Future Growth Potential Enhanced by Rooftop Inverter Opportunities and C&I Segment Contribution
08-Apr-2021
South Asia, Middle East & North Africa
Market Research
$2,450.00
Special Price $1,837.50 save 25 %
Description
India is a signatory to the Paris climate change agreement, which requires at least 40% of its energy to be from renewable sources by 2030. By 2022, India targets 175GW from renewable sources, out of which it plans to achieve 100GW from solar sources with rooftop solar contributing about 40GW.
The Ministry of Renewable Energy has launched a number of schemes to achieve this target and introduced policy measures, such as RPOs, that mandate a certain percentage of power distributed to be from renewable sources. The policy environment is briefly discussed in this study in addition to the various schemes available for participants in the market.
The falling costs of equipment and overall levelized cost of electricity (LCOE) have further spurred the adoption of renewable energy creating the demand for inverters. To encourage local manufacturing, the government has taken various initiatives, such as increasing customs duty on imported inverters.
This report explores the various market drivers and the challenges that suppliers face. Along with the current installed capacity of different states, hotspots in the country with high solar potential are also mapped. The competitive environment, market share of top competitors, revenue forecast, and pricing trends are also discussed. Market segmentation is based on inverter type and capacity, and market revenues of each segment have been discussed for the 2021 to 2025 forecast period.
Growth opportunities that market players can capitalize on are analyzed along with key market end-user verticals. The impact of the COVID-19 pandemic has been incorporated into the analyses and an achievable annual capacity addition has been forecasted in the report. The opportunity size of the market is based on the government’s cost benchmark and Frost & Sullivan estimates the Indian solar inverters market to register a CAGR of 3.9%. In terms of revenue, the C&I segment is expected to register the highest CAGR at 7.0%.
Key Issues Addressed
- Is the solar inverters market growing; how long will it continue to grow and at what rate?
- What are the key drivers and restraints affecting the solar inverters market? What are the competitive factors in this market?
- How are key regulations affecting the renewable energy market in various regions?
- Which are the key growth regions for solar energy inverters?
- Who are the key market players and how is the competitive environment?
- How are the revenues expected to change over the next 5 years for each segment of the market?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Solar Inverters Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Indian Solar Inverters Market Scope of Analysis
Indian Solar Inverters Market Segmentation
Indian Solar Inverters Market Segmentation (continued)
Overview of Renewable Energy (RE) Sector
Key Challenges Faced by Investors in RE Sector
Impact of COVID-19 on the Solar Inverters Market
Key Policy Initiatives
Key Policy Initiatives (continued)
Other MNRE Assistance/Incentive Schemes
Regional Hotspots
Key Competitors
Key Growth Metrics for Indian Solar Inverters Market
Key Growth Metrics for Indian Solar Inverters Market (continued)
Top 10 States With Solar Installations
Sector-wise RE Cumulative Achievements, 2019
Total Planned Solar Energy Capacity Additions Till 2025
Total Planned Solar Energy Cumulative Installations Till 2025
Capacity Additions by Inverter Type, Indian Solar Inverters Market
Indian Solar Inverters Market
Distribution Channels for Indian Solar Inverters Market
Growth Drivers for Indian Solar Inverters Market
Growth Driver Analysis for Indian Solar Inverter Market
Growth Driver Analysis for Indian Solar Inverter Market (continued)
Growth Driver Analysis for Indian Solar Inverter Market (continued)
Growth Restraints for Indian Solar Inverters Market
Growth Restraint Analysis for Indian Solar Inverters Market
Growth Restraint Analysis for Indian Solar Inverters Market (continued)
Key Market Trends
Key Market Trends (continued)
Push Toward Local Manufacturing
Forecast Assumptions
Revenue and Capacity Additions Forecast, Indian Solar Inverters Market
Revenue Forecast by Inverter Capacity, Indian Solar Inverters Market
Revenue Forecast by Inverter End-user Vertical, Indian Solar Inverters Market
Revenue and Capacity Additions Forecast, Indian Solar Inverters Market
Revenue Forecast by Inverter Capacity, Indian Solar Inverters Market
Revenue Forecast by Inverter End-user Vertical, Indian Solar Inverters Market
Revenue Forecast Analysis, Indian Solar Inverters Market
Revenue Forecast Analysis by Industry Vertical
Pricing Trends and Forecast Analysis, Indian Solar Inverters Market
Competitive Environment
Revenue Share, Indian Solar Inverters Market
Revenue Share by Inverter Types, Indian Solar Inverters Market
Revenue Share by Inverter Types, Indian Solar Inverters Market (continued)
Revenue Share Analysis, Indian Solar Inverters Market
Key Growth Metrics for Residential Segment
Key Growth Metrics for Residential Segment (continued)
Revenue and Capacity Additions Forecast, Residential Segment
Revenue and Capacity Additions Forecast, Residential Segment (continued)
Revenue and Capacity Additions Forecast Analysis, Residential Segment
Key Growth Metrics for C&I Segment
Key Growth Metrics for C&I Segment (continued)
Revenue and Capacity Additions Forecast, C&I Segment
Revenue and Capacity Additions Forecast, C&I Segment (continued)
Revenue and Capacity Additions Forecast Analysis, C&I Segment
Key Growth Metrics for Utilities Segment
Key Growth Metrics for Utilities Segment (continued)
Revenue and Capacity Additions Forecast, Utilities Segment
Revenue and Capacity Additions Forecast, Utilities Segment (continued)
Revenue and Capacity Additions Forecast Analysis, Utilities Segment
Growth Opportunity 1—Explore CHB-Based PV Inverters with ESS Systems for Grid Stability, 2021
Growth Opportunity 1—Explore CHB-Based PV Inverters with ESS Systems for Grid Stability, 2021 (continued)
Growth Opportunity 2—Explore Silicon Carbide/Gallium Nitride Converters for Improved Conversion Efficiency, 2021
Growth Opportunity 2—Explore Silicon Carbide/Gallium Nitride Converters for Improved Conversion Efficiency, 2021 (continued)
Growth Opportunity 3—Incorporate AI/Smart Technology for Better Energy Yield and Safety, 2021
Growth Opportunity 3—Incorporate AI/Smart Technology for Better Energy Yield and Safety, 2021 (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Key Issues Addressed
- Is the solar inverters market growing; how long will it continue to grow and at what rate?
- What are the key drivers and restraints affecting the solar inverters market? What are the competitive factors in this market?
- How are key regulations affecting the renewable energy market in various regions?
- Which are the key growth regions for solar energy inverters?
- Who are the key market players and how is the competitive environment?
- How are the revenues expected to change over the next 5 years for each segment of the market?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Saraswathi Venkatesan |
| Industries | Energy |
| WIP Number | PB81-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFF-A4,9B00-A4,9851 |