India Micro Inverter Market is expected to grow with a CAGR of 16.1% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.
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India micro inverter market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in India micro inverter market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
Enphase Energy is the dominating player in India micro inverter market. Some of the major players operating in this market are Infineon Technologies AG, Fchoice Solar Tech India Pvt Ltd, Nordic (India) Solutions Pvt. Ltd, SunSights Solar, U R Energy, 360 Power Products, gracerenew.com, Sun Sine Solution Private Limited, Texas Instruments Incorporated, SuratExim, Waaree Energies Ltd., SMA Solar Technology AG and P2 Power Solutions Pvt. Ltd among others.
Enphase Energy is headquartered in California, U.S. which was established in 2006. The company designs and manufactures software-driven home energy solutions for various application. micro inverters, ac modules, envoy, enlighten & apps and micro inverters among others which is focused category.
The subsidiaries of the company are ClipperCreek (U.S.), Enphase Energy New Zealand Limited (New Zealand), Enphase Energy Canada, Inc. (Canada), 365 Pronto, Inc. (U.S.) & Enphase Solar Energy Private Limited (India) among others.
The company has a presence in North America, Europe, Asia-Pacific, and Middle East and Africa.
Waaree Energies Ltd.
Waaree Energies Ltd. is headquartered in Maharashtra, India and it was established in year 1989. The company focus on EPC services, project, rooftop solutions and products in solar infrastructure. The company PV modules, inverters, and solar inverters. Their focused product category is inverters.
The company has presence in all over Asia-Pacific.
Fchoice Solar Tech India Pvt Ltd
Fchoice Solar Tech India Pvt Ltd is headquartered in Tamil Nadu, India which was founded in 2008. The company offers energy solutions for domestics, industries, commercial agriculture and government sectors. Their product categories include inverter, tubular batteries, solar charge controller. Their focused product is the inverter.
The company has a global presence in the Asia-Pacific region.
India Micro Inverter Market – Industry Trends and Forecast to 2029