Five major manufacturers such as ABB account for 70% of the Indian PV inverter market

According to Mercom India Research, as of the second quarter of 2017, over 70% of the Indian PV inverter market was controlled by the top five manufacturers.

Five major manufacturers such as ABB account for 70% of the Indian PV inverter market

Swiss power and automation group ABB leads the market with a market share of 20%, followed by German inverter manufacturer Esma Solar Technology with a market share of about 15%. To date, ABB has supplied a total of 5 GW of photovoltaic inverters to the Indian market, while Esma's delivery capacity exceeds 3 GW.

The remaining major suppliers are Toshiba Mitsubishi Electric Industrial Systems, China Chint, Schneider Electric of France, and Hitachi of Japan.

According to the 2017 quarterly report of the Indian solar energy market released by Mercom India Research Corporation in the second quarter, ABB added over 450 MW of photovoltaic inverter capacity, followed by Hitachi with 300 MW, respectively. Added over 150 MW.

Mercom India Research said that as the Indian solar market grows, more and more inverter manufacturers are grabbing market share. Enphase Energy and SolarEdge Technologies have recently opened offices in India.

Based on data from Mercom, as of June 2017, India has 14.7 GW of photovoltaic capacity, including rooftop photovoltaic capacity.

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