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India Power Inverter Market Outlook, 2023 Page - 1/8

Publisher Bonafide Research Type Market Research Report


Product Code 180330011 Region Asia-Pacific
Pages 111 Country India
Published Date 24-03-2018 Category Energy & Utility

DESCRIPTION OF THE REPORT:


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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.
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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,

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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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India Power Inverter Market Outlook, 2023 Page - 4/8
TABLE OF CONTENTS
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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

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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

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LIST OF FIGURES & TABLES
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 )

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

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