SMA Solar Has Sold Over 3 GW of Solar Inverters in India

SMA Solar has announced that it has sold over 3 GW of solar inverters in India cumulatively including more than 1 GW in 2017 into all market segments. SMA inverter sales in the commercial segment have doubled compared to last year according to the company, corresponding to a market share of 30 percent in the commercial segment.

“India is one of the key markets for SMA in the Asia Pacific region. In the last 3 years, we have seen strong commitment from the Indian government driving growing market demand in the solar sector. Thanks to SMA’s wide product range catering to all market segments as well as the service network with regional presence, our inverter shipment in 2017 in India exceeds 1 GW across all segments,” said John Susa, Executive Vice President Sales APAC & North America at SMA. “As a result, we are proud to announce that our total shipment of solar inverters in India has passed 3 GW accumulatively.”

According to Mercom India’s Q3 2017 India Solar Quarterly Market Update, as of September 2017, ABB was the top inverter supplier in India with ~5.1 GW of solar inverters supplied. SMA, is the second largest supplier of solar inverters to India with over 3.3 GW. Other top inverter suppliers to India include TMEIC, Hitachi, Schneider Electric, and Huawei.

“We are very happy to see that our business growth not only comes from central inverters for utility-scale PV power plants but also from string inverters for the growing commercial segment. Our commercial sales have doubled compared to last year and now we have 30% market share in the commercial segment and 20% market share in the utility segment in India,” said Rakesh Khanna, Managing Director of SMA India.

Image credit: SMA