India Power Inverter Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine

India Power Inverter Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine


The India power inverter market is expected to grow at a CAGR of around 9.2% during 2024-2033. This report on India power inverter market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the India power inverter market by segmenting the market based on rating, application, end-use and region. Also, detailed profiles of companies operating in the power inverter market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Growing Investments in Renewable Energy
• Growing Technological Advancements

Market Challenges

• High Initial Investments

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Rating

• <5KW
• 5KW to 95KW
• 100KW to 495KW
• Above 500KW

Market by Application

• UPS
• Rail Traction
• Wind Turbines
• Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)
• Solar PVs
• Other Applications

Market by End-Use

• Utilities
• Residential
• Commercial and Industrial
• Automotive and Transportation

Market by Region

• North India
• South India
• West & Central India
• East India


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. India Power Inverter Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. India Power Inverter Market Analysis
4.1. Market Portraiture
4.2. Market Product
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. India Power Inverter Market by Rating
5.1. Introduction
5.2. <5 KW
5.3. 5 KW to 95 KW
5.4. 100 KW to 495 KW
5.5. Above 500 KW
6. India Power Inverter Market by Application
6.1. Introduction
6.2. Motor Drives
6.3. UPS
6.4. Rail Traction
6.5. Wind Turbines
6.6. Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)
6.7. Solar PVs
6.8. Other Applications
7. India Power Inverter Market by End-Use
7.1. Introduction
7.2. Utilities
7.3. Residential
7.4. Commercial and Industrial
7.5. Automotive and Transportation
8. India Power Inverter Market by Region
8.1. Introduction
8.2. North India
8.3. South India
8.4. West & Central India
8.5. East India
9. SWOT Analysis
10. Porter’s Five Forces
11. Market Value Chain Analysis
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Company Profiles
12.2.1. ABB Ltd.
12.2.2. Huawei Technologies Co., Ltd.
12.2.3. Delta Electronics, Inc.
12.2.4. SMA Solar India Private Limited
12.2.5. Genus Power Infrastructures Ltd
12.2.6. SolarEdge Technologies Inc.
List of Figures
Figure 1: India Power Inverter Market (in US$ Million), 2019-2023
Figure 2: India Power Inverter Market by Rating, 2023
Figure 3: India Power Inverter Market by Application, 2023
Figure 4: India Power Inverter Market by End-Use, 2023
Figure 5: India Power Inverter Market by Region, 2023
Figure 6: India Power Inverter Market (in US$ Million), 2024-2033
Figure 7: India Power Inverter Market by Rating (in %), 2023 & 2033
Figure 8: India <5 KW Plant Power Inverter Market (in US$ Million), 2019-2023
Figure 9: India <5 KW Plant Power Inverter Market (in US$ Million), 2024-2033
Figure 10: India 5 KW to 95 KW Power Inverter Market (in US$ Million), 2019-2023
Figure 11: India 5 KW to 95 KW Power Inverter (in US$ Million), 2024-2033
Figure 12: India 100 KW to 495 KW Power Inverter Market (in US$ Million), 2019-2023
Figure 13: India 100 KW to 495 KW Power Inverter Market (in US$ Million), 2024-2033
Figure 14: India Above 500 KW Power Inverter Market (in US$ Million), 2019-2023
Figure 15: India Above 500 KW Power Inverter Market (in US$ Million), 2024-2033
Figure 16: India Power Inverter Market by Application (in %), 2023 & 2033
Figure 17: India Motor Drives Power Inverter Market (in US$ Million), 2019-2023
Figure 18: India Motor Drives Power Inverter Market (in US$ Million), 2024-2033
Figure 19: India UPS Power Inverter Market (in US$ Million), 2019-2023
Figure 20: India UPS Power Inverter Market (in US$ Million), 2024-2033
Figure 21: India Rail Traction Power Inverter Market (in US$ Million), 2019-2023
Figure 22: India Rail Traction Power Inverter Market (in US$ Million), 2024-2033
Figure 23: India Wind Turbines Power Inverter Market (in US$ Million), 2019-2023
Figure 24: India Wind Turbines Power Inverter Market (in US$ Million), 2024-2033
Figure 25: India Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) Power Inverter Market (in US$ Million), 2019-2023
Figure 26: India Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) Power Inverter Market (in US$ Million), 2024-2033
Figure 27: India Solar PVs Power Inverter Market (in US$ Million), 2019-2023
Figure 28: India Solar PVs Power Inverter Market (in US$ Million), 2024-2033
Figure 29: India Other Applications Power Inverter Market (in US$ Million), 2019-2023
Figure 30: India Other Applications Power Inverter Market (in US$ Million), 2024-2033
Figure 31: India Power Inverter Market by End-Use (in %), 2023 & 2033
Figure 32: India Utilities Power Inverter Market (in US$ Million), 2019-2023
Figure 33: India Utilities Power Inverter Market (in US$ Million), 2024-2033
Figure 34: India Residential Power Inverter Market (in US$ Million), 2019-2023
Figure 35: India Residential Power Inverter Market (in US$ Million), 2024-2033
Figure 36: India Commercial and Industrial Power Inverter Market (in US$ Million), 2019-2023
Figure 37: India Commercial and Industrial Power Inverter Market (in US$ Million), 2024-2033
Figure 38: India Automotive and Transportation Power Inverter Market (in US$ Million), 2019-2023
Figure 39: India Automotive and Transportation Power Inverter Market (in US$ Million), 2024-2033
Figure 40: India Power Inverter Market by Region (in %), 2023 & 2033
Figure 41: North India Power Inverter Market (in US$ Million), 2019-2023
Figure 42: North India Power Inverter Market (in US$ Million), 2024-2033
Figure 43: South India Power Inverter Market (in US$ Million), 2019-2023
Figure 44: South India Power Inverter Market (in US$ Million), 2024-2033
Figure 45: West & Central India Power Inverter Market (in US$ Million), 2019-2023
Figure 46: West & Central India Power Inverter Market (in US$ Million), 2024-2033
Figure 47: East India Power Inverter Market (in US$ Million), 2019-2023
Figure 48: East India Power Inverter Market (in US$ Million), 2024-2033
Figure 49: Market Value Chain
List of Tables
Table 1: India Power Inverter Market Portraiture
Table 2: India Power Inverter Market by Rating (in US$ Million), 2023 & 2033
Table 3: India Power Inverter Market by Application (in US$ Million), 2023 & 2033
Table 4: India Power Inverter Market by End-Use (in US$ Million), 2023 & 2033
Table 5: India Power Inverter Market by Region (in US$ Million), 2023 & 2033
Table 6: List of Key Players

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