Indian Solar Market as of Q2 2017

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 Q2 2017 India Solar Quarterly Market Update by Mercom India Research.

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 5 GW solar inverter shipment milestone in India.

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.

Top 5 Solar Inverter Suppliers in India by Shipments

Recently, 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.



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.

According to Mercom’s India Solar Project Tracker, 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.

Market Expansion:

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.

In August 2017, Enphase Energy expanded into India and established offices in Chennai.

In April 2017, SolarEdge opened an office in Bangalore and it has also created a new entity called SolarEdge Technologies (India) Private Limited.

To read the complete market share list and the full report, visit: Q2 2017 India Solar Quarterly Market Update

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