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India Solar Microinverter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India solar microinverter market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its robust growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A solar microinverter refers to electronic equipment that is used to convert the direct current (DC) generated by solar panels to alternating current (AC). It is attached to solar panels and converts the current separately. The solar microinverter is different from string inverters and central inverters, which are generally used for utility-sized solar power stations. In India, solar microinverters are gaining immense popularity as they are safe, reliable, and cost-effective. They also help reduce the risk of fire, dissipate significantly less heat, produce more electricity, operate without noise and offer immense design flexibility.

The India solar microinverter market is primarily driven by a shift from fossil fuel-based energy generation to sustainable and clean power sources. With the rising environmental concerns, the Government of India has undertaken several favorable initiatives to promote the use of renewable energy sources. This has increased the sales of solar microinverters, which help in reducing the carbon footprint. Besides this, the rising cost of fossil fuels is making solar power an economical alternative, thereby escalating the demand for microinverters across the country. Moreover, factors such as rapid urbanization, increasing expenditure for the development of solar power infrastructure and the growing utilization of Building-Integrated Photovoltaics (BIPV) have also bolstered the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India solar microinverter market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on connectivity, component, communication channel, type and application.

Breakup by Connectivity:

  • Standalone
  • On-Grid

Breakup by Component:

  • Hardware
  • Software

Breakup by Communication Channel:

  • Wired
  • Wireless

Breakup by Type:

  • Single Phase
  • Three Phase

Breakup by Application:

  • Residential
  • Commercial
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • East India
  • South India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Connectivity, Component, Communication Channel, Type, Application, Region
Region Covered North India, West and Central India, East India, South India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the India solar microinverter market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India solar microinverter market?
  • What are the key regional markets?
  • What is the breakup of the market based on the connectivity?
  • 什么是市场基于com的分手吗ponent?
  • 什么是市场基于com的分手吗munication channel?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India solar microinverter market and who are the key players?
  • What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Solar Microinverter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Connectivity
6.1 Standalone
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 On-Grid
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Communication Channel
8.1 Wired
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wireless
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Type
9.1 Single Phase
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Three Phase
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Residential
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North India
11.1.1 Market Trends
11.1.2 Market Breakup by State
11.1.3 Market Forecast
11.2 West and Central India
11.2.1 Market Trends
11.2.2 Market Breakup by State
11.2.3 Market Forecast
11.3 East India
11.3.1 Market Trends
11.3.2 Market Breakup by State
11.3.3 Market Forecast
11.4 South India
11.4.1 Market Trends
11.4.2 Market Breakup by State
11.4.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Policy and Regulatory Landscape
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players

List of Figures

Figure 1: India: Solar Microinverter Market: Major Drivers and Challenges
Figure 2: India: Solar Microinverter Market: Sales Value (in Million US$), 2015-2020
Figure 3: India: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: India: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 5: India: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 6: India: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 7: India: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 8: India: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 9: India: Solar Microinverter Market: Breakup by Region (in %), 2020
Figure 10: India: Solar Microinverter (Standalone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: India: Solar Microinverter (Standalone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: India: Solar Microinverter (On-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: India: Solar Microinverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: India: Solar Microinverter (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: India: Solar Microinverter (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
图16:印度:太阳能Microinverter(软件)arket: Sales Value (in Million US$), 2015 & 2020
图17:印度:太阳能Microinverter(软件)arket Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: India: Solar Microinverter (Wired) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: India: Solar Microinverter (Wired) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: India: Solar Microinverter (Wireless) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: India: Solar Microinverter (Wireless) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: India: Solar Microinverter (Single Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: India: Solar Microinverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: India: Solar Microinverter (Three Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: India: Solar Microinverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: India: Solar Microinverter (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: India: Solar Microinverter (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: India: Solar Microinverter (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: India: Solar Microinverter (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: India: Solar Microinverter (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: India: Solar Microinverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North India: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: North India: Solar Microinverter Market: Breakup by State (in %), 2020
Figure 34: North India: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: West and Central India: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: West and Central India: Solar Microinverter Market: Breakup by State (in %), 2020
Figure 37: West and Central India: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: South India: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: South India: Solar Microinverter Market: Breakup by State (in %), 2020
Figure 40: South India: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: East India: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
图42:东印度:太阳能麦克风roinverter Market: Breakup by State (in %), 2020
Figure 43: East India: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: India: Solar Microinverter Industry: SWOT Analysis
Figure 45: India: Solar Microinverter Industry: Value Chain Analysis
Figure 46: India: Solar Microinverter Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Solar Microinverter Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Solar Microinverter Market Forecast: Breakup by Connectivity (in Million US$), 2021-2026
Table 3: India: Solar Microinverter Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: India: Solar Microinverter Market Forecast: Breakup by Communication Channel (in Million US$), 2021-2026
Table 5: India: Solar Microinverter Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 6: India: Solar Microinverter Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: India: Solar Microinverter Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: India: Solar Microinverter Market: Competitive Structure
Table 9: India: Solar Microinverter Market: Key Players

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