Chinese inverter manufacturers dominate rooftop market in India


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.

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.

27 October 2022
The advanced technology and innovative features of the new ES G2 3kW to 6kW single phase hybrid inverter enable increased savings, with smart loading for optimally timed energy consumption. Join this 40-minute webinar to learn how a true hybrid inverter operates to maximise PV based savings and how the ES G2 addresses the requirements of residential customers.

Read Next

September 23, 2022
India’s government has approved the second round of the production-linked incentive (PLI) scheme to incentivise domestic solar PV module manufacturing.
September 22, 2022
Tech major Amazon has expanded its renewables portfolio globally with 71 new projects with a total capacity of 2.7GW.
September 20, 2022
US thin-film module manufacturer Toledo Solar is planning to expand production in response to the passage of the Inflation Reduction Act.
September 20, 2022
Private equity firm KKR and Hero Group have invested US$450 million in Indian independent power producer (IPP) Hero Future Energies (HFE) to support its renewables expansion.
PV Tech Premium
September 19, 2022
The proliferation of solar requires PV projects to adapt to their grid surroundings, which increasingly entails connecting alongside adjacent technologies, be it energy storage, other renewables or green hydrogen. Amid the growing threat of curtailment, Jules Scully looks at the rise of the ‘solar-plus’ market and the financial models underpinning it.
September 14, 2022
Tata Power Solar Systems has received a “letter of award” of INR5.96 billion (US$75 million) from NHDC to set up a 125MWp floating PV project in India.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)