India PV Inverter Market is Trending

According to “India PV Inverter Market Outlook, 2021”, the market for PV inverters in India is expected to grow with a continuously increasing CAGR of 4.74% from 2015 to 2021. Central Inverters are the major market share acquirers of the inverter market. Micro-inverters are also forecasted to increase its share technology wise. Residential segment is the new target of the inverter industry. The unorganized sector which was leading the market till 2012 is forecasted to shrink in the coming years. New entrants are also increasing and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks.