Mahindra Susten to Develop 150 MW Open Access Renewable Power Project

BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Daily News Wrap-Up: REIL Invites Bids for 200,000 Mono PERC Solar Cells

Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Ahasolar Wins Consultancy Contract for 52 MW Solar Project from BPCL

REIL Invites Bids for 200,000 Mono PERC Solar Cells

Daily News Wrap-Up: MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24

<p>As of Q2 2017, the top five solar inverter manufacturers accounted for over 70 percent of India’s solar inverter market, led by ABB India with a 20 percent market share and SMA with a market share of approximately 15 percent, according to the <em><a href="https://mercomindia.com/product/q2-2017-india-solar-quarterly-market-update/" target="_blank" rel="noopener">Q2 2017 India Solar Quarterly Market Update</a> </em>by Mercom India Research.</p>
<p>To date, ABB has cumulatively supplied about 5 GW of inverters and SMA has supplied over 3 GW, followed by TMEIC, Chint, Schneider Electric, and Hitachi which have supplied over 2 GWs. In August 2017, ABB surpassed the <a href="https://mercomindia.com/abb-india-crosses-5-gw-inverter-supply-mark/" target="_blank" rel="noopener">5 GW</a> solar inverter shipment milestone in India.</p>
<p>In the three-month period from April to June 2017, ABB increased its market presence by over 450 MW and Hitachi grew its presence by approximately 300 MW, followed by SMA and CHINT which increased their individual shares by over 150 MW each.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2017/09/Top-5-Solar-Inverter-Suppliers-in-India-by-Shipments.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-7729" src="https://mercomindia.com/wp-content/uploads/2017/09/Top-5-Solar-Inverter-Suppliers-in-India-by-Shipments.png" alt="Top 5 Solar Inverter Suppliers in India by Shipments" width="283" height="351" srcset="https://cms.mercomindia.com/wp-content/uploads/2017/09/Top-5-Solar-Inverter-Suppliers-in-India-by-Shipments.png 283w, https://cms.mercomindia.com/wp-content/uploads/2017/09/Top-5-Solar-Inverter-Suppliers-in-India-by-Shipments-242x300.png 242w" sizes="(max-width: 283px) 100vw, 283px" /></a></p>
<p><a href="https://mercomindia.com/abb-partners-azure-power-750-railway-stations-india/" target="_blank" rel="noopener">Recently</a>, ABB entered into a partnership with Azure Power that will have it providing solar inverters to support rooftop systems in 750 railway stations across India.</p>
<p>Mercom India research has noted a growing trend of inverter suppliers and manufacturers creating partnerships or joint ventures in order to bag on projects with battery energy storage system (BESS) requirements.</p>
<p>According to Mercom’s <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">India Solar Project Tracker</a>, cumulative solar installations including rooftop reached 14.7 GW as of June 2017. Solar projects under development now total approximately 12.2 GW with 6.3 GW of tenders awaiting auction.</p>
<p><strong>Market Expansion:</strong></p>
<p>We are seeing more inverter companies increase their presence in India as the solar market gets bigger. Mercom previously reported that two solar inverter companies recently set up offices in India.</p>
<p><a href="https://mercomindia.com/enphase-energy-expands-india/" target="_blank" rel="noopener">In August 2017</a>, Enphase Energy expanded into India and established offices in Chennai.</p>
<p><a href="https://mercomindia.com/solaredge-expands-india-new-offices-bangalore/" target="_blank" rel="noopener">In April 2017</a>, SolarEdge opened an office in Bangalore and it has also created a new entity called SolarEdge Technologies (India) Private Limited.</p>
<p>To read the complete market share list and the full report, visit: <em><a href="https://mercomindia.com/product/q2-2017-india-solar-quarterly-market-update/" target="_blank" rel="noopener">Q2 2017 India Solar Quarterly Market Update</a></em></p>
<p>Image Credit: Flickr</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/priya-sanjay/" class="vcard author" rel="author"><span class="fn">Priya Sanjay</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Priya Sanjay,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/priya-sanjay/" target="_blank" rel="noopener">More articles from Priya Sanjay.</a></p>
</div>
<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" alt="Wendy Prabhu" />Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. <a href="https://mercomindia.com/author/priya-sanjay/">More articles from Priya Sanjay.</a></div>
</div></div><div class="clearfix"></div></div></div>

Top Five Inverter Manufacturers Accounted for Over 70 Percent of the Indian Solar Market as of Q2 2017

chintastroenergy

Get the most relevant India solar and clean energy news.

RECENT POSTS