Chinese inverter makers control roof market in India
- The PV inverter roof solar market in India was controlled by 3 China-based makers in 2014, led by Growatt, according to JMK Research & Analytics.
The PV roof market section in India amounted to 2,285 MW in 2019, based upon JMK Research & Analytics' Annual India Solar Report Card, which was practically on the same level with the United States household roof market according to information from SEIA as well as Wood Mackenzie.
Not remarkably, a considerable variety of widely known PV inverter producers are energetic in India, throughout all the significant market sections of utility-scale C&I and also domestic.
Nonetheless, leading PV inverter makers, such as Huawei, SMA Solar as well as SolarEdge were reported to have just a 4.4%, 3.1% as well as 2.6% market share specifically. In contrast, Ginlong (Solis) made up 13.2% of the marketplace as well as Sungrow 15%.
The PV inverter roof solar market in India was led by Growatt with an 18% market share in 2019.
Growatt stated that it had actually gone into the Indian market 8 years earlier as well as had actually developed a considerable solution network to supply onsite in addition to technological training as well as remote solutions throughout India.
At The Same Time, JMK Research & Analytics has actually decreased its assumption of roof solar installment ability in 2020 to 2GW amidst the lockdown scenario in India as a result of the COVID-19 pandemic.