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<p><a href="https://en.sungrowpower.com/" target="_blank" rel="noopener">Sungrow</a>, <a href="https://www.huawei.com/en/" target="_blank" rel="noopener">Huawei</a>, and <a href="https://en.si-neng.com/" target="_blank" rel="noopener">Sineng Electric </a>were the top solar inverter suppliers to the Indian solar market in the calendar year (CY) 2020, according to Mercom’s recently released report <a href="https://mercomindia.com/product/mercom-india-solar-market-leaderboard-2021-market-shares-profiles/" target="_blank" rel="noopener">India Solar Market Leaderboard 2021</a>.</p>
<p>Mercom’s latest report provides insight into the industry leaders’ market share and shipment rankings across the Indian solar supply chain.</p>
<p>The top three companies accounted for 56% of the total market share in CY 2020. The top five solar inverter suppliers accounted for almost 80% of the total inverter supplies to the country in 2020.</p>
<p style="text-align: center;"><strong><a href="https://mercomindia.com/wp-content/uploads/2021/05/Inverters.png"><img decoding="async" loading="lazy" class="alignnone wp-image-26224 size-full" src="https://mercomindia.com/wp-content/uploads/2021/05/Inverters.png" alt="Inverters" width="390" height="254" srcset="https://cms.mercomindia.com/wp-content/uploads/2021/05/Inverters.png 390w, https://cms.mercomindia.com/wp-content/uploads/2021/05/Inverters-300x195.png 300w" sizes="(max-width: 390px) 100vw, 390px" /></a></strong></p>
<p><strong>String Inverters</strong></p>
<p>String inverters have made rapid inroads into the Indian solar market over the past two years. In the string inverters category, Huawei led the way with 37% of the market share, followed closely by Sungrow and Growatt with 19% and 13%, respectively. Other names in the list included Goodwe and Solis.</p>
<p style="text-align: center;"><strong><a href="https://mercomindia.com/wp-content/uploads/2021/05/String-Inverters.png"><img decoding="async" loading="lazy" class="alignnone wp-image-26225 size-full" src="https://mercomindia.com/wp-content/uploads/2021/05/String-Inverters.png" alt="String Inverters" width="395" height="264" srcset="https://cms.mercomindia.com/wp-content/uploads/2021/05/String-Inverters.png 395w, https://cms.mercomindia.com/wp-content/uploads/2021/05/String-Inverters-300x201.png 300w" sizes="(max-width: 395px) 100vw, 395px" /></a></strong></p>
<p><strong>Central Inverters</strong></p>
<p>Central inverters accounted for about 51% of the total shipments. Sungrow, Sineng Electric, and FIMER India (formerly ABB) were the top suppliers with 29%, 26%, and 20%, respectively. Kehua Tech and TMEIC were the other leading suppliers on the list.</p>
<p style="text-align: center;"><a href="https://mercomindia.com/wp-content/uploads/2021/05/Central-Inverters.png"><img decoding="async" loading="lazy" class="alignnone wp-image-26228 size-full" src="https://mercomindia.com/wp-content/uploads/2021/05/Central-Inverters.png" alt="Central Inverters" width="410" height="282" srcset="https://cms.mercomindia.com/wp-content/uploads/2021/05/Central-Inverters.png 410w, https://cms.mercomindia.com/wp-content/uploads/2021/05/Central-Inverters-300x206.png 300w" sizes="(max-width: 410px) 100vw, 410px" /></a></p>
<p>Sungrow, FIMER, and Sineng Electric <a href="https://mercomindia.com/sungrow-fimer-sineng-major-solar-inverter/" target="_blank" rel="noopener">were</a> the top inverter suppliers in the first half (1H) of CY 2020.</p>
<p>In the Budget 2021, the Finance Minister proposed to <a href="https://mercomindia.com/budget-2021-%e2%82%b910-billion-seci/" target="_blank" rel="noopener">raise</a> the customs duty on solar inverters from 5% to 20% to encourage domestic production. The government believes that by hiking the duties and increasing the cost of imports, manufacturers will be incentivized to manufacture in India. Recognizing the growing demand for inverters, Chinese manufacturers, including <a href="https://mercomindia.com/sungrow-3-gw-solar-inverter-manufacturing-unit-india/" target="_blank" rel="noopener">Sungrow</a>, and <a href="https://mercomindia.com/chinas-tbea-launch-2-gw-inverter-factory-bengaluru/" target="_blank" rel="noopener">TBEA</a> have already opened manufacturing units in India.</p>
<p>In December last year, Mercom <a href="https://mercomindia.com/developers-prefer-string-inverters-mercom-webinar/" target="_blank" rel="noopener">hosted</a> a webinar to discuss how solar inverter technologies impact project performance. The webinar shed light on the technological trends pushing the market and how Indian developers decide which inverters would be used for their projects. Although inverters account for 5% of the total project cost, their impact on project performance, stability, and the levelized cost of energy is substantial, making quality and technology the prime movers. Developers who participated in the webinar commented that bifacial modules with string inverters are the future trend.</p>
<p>A complete list of the inverter suppliers and their market share is available through Mercom’s <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener">India Solar Market Share Tracker</a>.</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/rakesh-ranjan-parashar/" class="vcard author" rel="author"><span class="fn">Rakesh Ranjan</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/2022/02/Rakesh-Headshot-crop-2.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Rakesh Ranjan,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener">More articles from Rakesh Ranjan.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="77" height="102" /><a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener"><strong style="color: #00b451">Rakesh Ranjan</strong></a> is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). <a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" rel="noopener noreferrer">More articles from Rakesh Ranjan.</a></p>
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Sungrow, Huawei, and Sineng Electric: Top Solar Inverter Suppliers to India in CY 2020

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