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According to the India Solar Market Ranking 2019 released by Mercom, ABB was the largest solar inverter supplier
in the Indian market in 2018.
Followed by Sungrow and Huawei
.
The top three suppliers supply more than 5 GW of solar inverters
to the Indian market.
Specifically, in 2018, ABB had a 24% market share in the Indian solar inverter market, Sungrow accounted for 16%, and Huawei accounted for 12%.
As of the end of 2018, there were 35 active inverter suppliers
in the Indian market.
In terms of inverter type, large-scale solar projects have been using central inverters, which are relatively low compared to string inverters considering the cost, and as such, accounted for 72%
of inverter supply in 2018.
However, with the growing segment of commercial and industrial use of rooftop solar installations, the supply share of series inverters has increased
.
ABB, Sungrow, Toshiba Mitsubishi Electric, TBEA and Shangneng Electric are the top five central inverter suppliers in the Indian market, accounting for 83%
of the total number of central inverters supplied in 2018.
In 2018, Sungrow opened a 1 GW capacity solar inverter manufacturing plant in Bangalore, and the company said it plans to expand the facility to 3 GW.
Sungrow accounted for 16% of the market share and was the second largest supplier of central inverters in 2018
.
In 2018, the largest supplier of string inverters in the Indian market was Huawei, with a cumulative supply of more than 3 GW
.
The top five string inverter suppliers also include Delta Power, Jinlang Technology, ABB and Sungrow, with a combined market share of 77%.
India has set an ambitious target to install 100 GW of solar by 2022, of which 40 GW will be used for rooftop solar
.
According to the Indian solar market update for the first quarter of 2019, only 3.
5 GW of rooftop solar
is currently installed in the country.
Therefore, series inverters have great potential for development, as they are more suitable for rooftop solar systems
compared to large-scale utility projects.
Overall, the top 10 solar inverter suppliers accounted for 94% of the market share in 2018, with the remaining 6% shared
by other suppliers.
According to the India Solar Market Ranking 2019 released by Mercom, ABB was the largest solar inverter supplier
in the Indian market in 2018.
Followed by Sungrow and Huawei
.
The top three suppliers supply more than 5 GW of solar inverters
to the Indian market.
Specifically, in 2018, ABB had a 24% market share in the Indian solar inverter market, Sungrow accounted for 16%, and Huawei accounted for 12%.
As of the end of 2018, there were 35 active inverter suppliers
in the Indian market.
In terms of inverter type, large-scale solar projects have been using central inverters, which are relatively low compared to string inverters considering the cost, and as such, accounted for 72%
of inverter supply in 2018.
However, with the growing segment of commercial and industrial use of rooftop solar installations, the supply share of series inverters has increased
.
ABB, Sungrow, Toshiba Mitsubishi Electric, TBEA and Shangneng Electric are the top five central inverter suppliers in the Indian market, accounting for 83%
of the total number of central inverters supplied in 2018.
In 2018, Sungrow opened a 1 GW capacity solar inverter manufacturing plant in Bangalore, and the company said it plans to expand the facility to 3 GW.
Sungrow accounted for 16% of the market share and was the second largest supplier of central inverters in 2018
.
In 2018, the largest supplier of string inverters in the Indian market was Huawei, with a cumulative supply of more than 3 GW
.
The top five string inverter suppliers also include Delta Power, Jinlang Technology, ABB and Sungrow, with a combined market share of 77%.
India has set an ambitious target to install 100 GW of solar by 2022, of which 40 GW will be used for rooftop solar
.
According to the Indian solar market update for the first quarter of 2019, only 3.
5 GW of rooftop solar
is currently installed in the country.
Therefore, series inverters have great potential for development, as they are more suitable for rooftop solar systems
compared to large-scale utility projects.
Overall, the top 10 solar inverter suppliers accounted for 94% of the market share in 2018, with the remaining 6% shared
by other suppliers.
