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

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


The India solar (PV) inverter market is expected to grow at a CAGR of around 8.0% during 2025-2034. This report on India solar (PV) 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 solar (PV) inverter market by segmenting the market based on product type, connection type, phase, end user and region. Also, detailed profiles of companies operating in the solar (PV) 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

• Increasing Integration of Renewable Energy Generation
• New Advancements in Technologies

Market Challenges

• High Costs

Historical & Forecast Period

Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034

Market by Type

• Central Inverter
• String Inverter
• Micro Inverter

Market by Phase

• Single
• Three

Market by Connection Type

• On-grid
• Off-grid

Market by End User

• Residential
• Commercial & Industrial
• Utilities

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 Solar (PV) Inverter Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. India Solar (PV) Inverter Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. India Solar (PV) Inverter Market by Type
5.1. Introduction
5.2. Central Inverter
5.3. String Inverter
5.4. Micro Inverter
6. India Solar (PV) Inverter Market by Phase
6.1. Introduction
6.2. Single
6.3. Three
7. India Solar (PV) Inverter Market by Connection Type
7.1. Introduction
7.2. On-grid
7.3. Off-grid
8. India Solar (PV) Inverter Market by End User
8.1. Introduction
8.2. Residential
8.3. Commercial & Industrial
8.4. Utilities
9. India Solar (PV) Inverter Market by Region
9.1. Introduction
9.2. North India
9.3. South India
9.4. West & Central India
9.5. East India
10. SWOT Analysis
11. Porter’s Five Forces
12. Market Value Chain Analysis
13. Competitive Landscape
13.1. Competitive Scenario
13.2. Company Profiles
13.2.1. ABB Ltd.
13.2.2. Delta Electronics
13.2.3. General Electric Company
13.2.4. Mitsubishi Electric Corporation
13.2.5. Schneider Electric SE
13.2.6. Siemens Energy AG
13.2.7. SMA Solar Technology AG
List of Figures
Figure 1: India Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 2: India Solar (PV) Inverter Market by Type, 2024
Figure 3: India Solar (PV) Inverter Market by Phase, 2024
Figure 4: India Solar (PV) Inverter Market by Connection Type, 2024
Figure 5: India Solar (PV) Inverter Market by End User, 2024
Figure 6: India Solar (PV) Inverter Market by Region, 2024
Figure 7: India Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 8: India Solar (PV) Inverter Market by Type (in %), 2024 & 2034
Figure 9: India Central Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 10: India Central Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 11: India String Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 12: India String Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 13: India Micro Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 14: India Micro Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 15: India Solar (PV) Inverter Market by Phase (in %), 2024 & 2034
Figure 16: India Single Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 17: India Single Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 18: India Three Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 19: India Three Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 20: India Solar (PV) Inverter Market by Connection Type (in %), 2024 & 2034
Figure 21: India On-grid Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 22: India On-grid Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 23: India Off-grid Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 24: India Off-grid Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 25: India Solar (PV) Inverter Market by End User (in %), 2024 & 2034
Figure 26: India Residential Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 27: India Residential Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 28: India Commercial & Industrial Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 29: India Commercial & Industrial Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 30: India Utilities Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 31: India Utilities Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 32: India Solar (PV) Inverter Market by Region (in %), 2024 & 2034
Figure 33: North India Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 34: North India Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 35: South India Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 36: South India Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 37: West & Central India Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 38: West & Central India Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 39: East India Solar (PV) Inverter Market (in US$ Million), 2020-2024
Figure 40: East India Solar (PV) Inverter Market (in US$ Million), 2025-2034
Figure 41: Market Value Chain
List of Tables
Table 1: India Solar (PV) Inverter Market Portraiture
Table 2: India Solar (PV) Inverter Market by Type (in US$ Million), 2024 & 2034
Table 3: India Solar (PV) Inverter Market by Phase (in US$ Million), 2024 & 2034
Table 4: India Solar (PV) Inverter Market by Connection Type (in US$ Million), 2024 & 2034
Table 5: India Solar (PV) Inverter Market by End User (in US$ Million), 2024 & 2034
Table 6: India Solar (PV) Inverter Market by Region (in US$ Million), 2024 & 2034
Table 7: List of Key Players

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