Enphase Energy, Waaree Energies Ltd., and Fchoice Solar Tech India Pvt Ltd were dominating the India Micro Inverter Market in 2021

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.

For instance,

  •  In April 2021, Enphase Energy and IBC SOLAR had partnered together offers its customers even more options for quick and easy solar system planning and installation.  Both the companies are providing micro inverters that are compatible with almost all module types and are particularly suitable for residential rooftops

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

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.

  • In December 2021, Enphase Energy announced the acquisition of 365 Pronto, Inc. to provide their installers the ability to service their own O&M contracts with an on-demand network of service providers.

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.

  • In February 2022, Waaree Energies Ltd.’s subsidiary Waaree Renewable Technologies Limited was awarded the 180 MW DC solar power plant project in Tamil Nadu, India. The scope of this project includes engineering, procurement, and construction (EPC) services for the solar plant

The company has presence in all over Asia-Pacific.

India Micro Inverter Market

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.

  • In September 2020, Fchoice Solar Tech India Pvt Ltd had worked on 2KW off grid power plant which is installed in Tamil Nadu. This further helped the company to get recognized in the premium market

The company has a global presence in the Asia-Pacific region.