Top Eight Inverter Manufacturers account for 96 % of India’s Solar Inverter Market: Mercom Capital

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Solar inverter market in India is led by ABB with 22%, followed by SMA Solar with 18%.

Global clean energy communications and research firm, Mercom Capital Group has revealed that top eight inverter manufacturers account for 96% of solar inverter market in India. Solar inverter market in India is led by ABB with 22%, followed by SMA Solar with 18%.

To date, ABB has supplied inverters of cumulative 3,000 MW, SMA of 2,400 MW, CHINT of 2,000 MW, TMEIC and Schneider Electric of 1,500 MW each, says the research firm in a report.

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According to Mercom Capital’s recent report, solar capacity addition in India will be over 9 GW during the current calendar year 2017. 2016 saw solar installations at about 4 GW as compared to 2.3 GW installed in 2015. India will be a top solar market for years to come and we expect competition to heat up and expect Chinese inverter manufacturers to start making inroads into the Indian market says the firm.