Chinese inverter manufacturers dominate rooftop market in India

April 22, 2020
Facebook
Twitter
LinkedIn
Reddit
Email

The PV inverter rooftop solar market in India was dominated by three China-based manufacturers last year, led by Growatt, according to JMK Research & Analytics. 

The PV rooftop market segment in India totalled 2,285MW in 2019, based on JMK Research & Analytics' Annual India Solar Report Card, which was almost on par with the US residential rooftop market according to data from SEIA and Wood Mackenzie.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Not surprisingly, a significant number of well-known PV inverter manufacturers are active in India, across all the major market segments of utility-scale C&I and residential.

However, leading PV inverter manufacturers, such as Huawei, SMA Solar and SolarEdge were reported to have only a 4.4%, 3.1% and 2.6% market share respectively. In comparison, Ginlong (Solis) accounted for 13.2% of the market and Sungrow 15%. 

The PV inverter rooftop solar market in India was led by Growatt with 18% market share in 2019. Image: JMK Research

The PV inverter rooftop solar market in India was led by Growatt with an 18% market share in 2019.

Growatt said that it had entered the Indian market eight years ago and had built an extensive service network to provide onsite as well as technical training and remote services across India. 

Meanwhile, JMK Research & Analytics has lowered its expectation of rooftop solar installation capacity in 2020 to 2GW amid the lockdown situation in India due to the COVID-19 pandemic.

Read Next

October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).
October 14, 2025
India has installed 4.9GW of residential rooftop solar capacity in the first half of 2025, according to a report by IEEFA and JMK Research.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 9, 2025
Singapore-based Sembcorp Industries has agreed to acquire ReNew’s 300MW solar power unit in India for around US$246 million.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK