In India, there are more than 30 photovoltaic inverter suppliers to meet the needs of the rapidly growing solar energy market. In 2017, the top ten photovoltaic inverter suppliers accounted for more than 85% of the demand, providing about 11 GW of photovoltaic inverter. Device.
The newly released Mercom India Solar Market Ranking report reveals the leaders of the Indian market. The report covers the 2017 market share and shipment ranking of India's solar energy supply chain.
ABB leads India's photovoltaic inverter market, which accounts for 19% of the market share, followed by sunlight, which accounts for 16%, and Huawei, which accounts for 13%.
In 2017, ABB, Solar Power, Huawei, Toshiba Mitsubishi and SMA all provide over 1GW of PV inverter in India.
For the cumulative shipments as of the end of 2017, ABB is also the largest supplier of photovoltaic inverter suppliers, followed by SMA and Toshiba Mitsubishi.
According to the product type, the central inverter occupies more than 90% of the market share, and the rest is composed of string inverters. In 2017, China's supply of inverters to India grew rapidly.
In 2017, inverter suppliers set a record for supply to India, but since the component prices have not changed much since the third quarter of 2017, suppliers have also suffered huge price pressure from developers. These developers Winning projects and actively bidding. However, if the latest Chinese solar energy policy goes into effect, China's PV module prices and inverter prices may start to decline, which will bring additional price pressure to other suppliers. 'The CEO of Mercom Capital Group, Raj Prabhu said .
Since last December, Siemens, Solar Power, Enphase and others have announced that they manufacture photovoltaic inverters in India to take advantage of the growing market.
India will continue to be the main market for PV inverter suppliers. It is expected that approximately 8-9 GW of photovoltaic capacity will be installed in 2018. The Indian solar market is expected to increase at a higher rate of growth from 2019 onwards as India is eager to achieve 2022 installed target of 100 GW.
