Top 10 solar inverter company in India | Manufacturers & Suppliers 2024

Top 10 Companies in India Solar Inverter Market

India solar inverter market has witnessed substantial growth in recent years, driven by the rising demand for renewable energy sources. As one of the major markets for solar energy globally, India has seen a prominent contribution from key players in this market. The players in the market play a crucial role in stimulating market growth through their technological advancements, product innovation as well as strategic partnerships. They have also been instrumental in encouraging the adoption of solar energy and decreasing its overall cost.

Furthermore, the market players have been actively involved in developing customized solutions in order to meet the diverse requirements of different end-users. This has enabled them to cater to a broad range of customers, from small-scale residential installations to large utility-scale projects. The contribution of key players in the India solar inverter industry is not limited to just technological innovations and product advancement. They have also been actively engaged in raising awareness about solar energy and its advantages, as well as delivering after-sales support and maintenance services. As per 6Wresearch, India Solar Inverter Market is projected to grow at a CAGR of 14.4% during 2020-2026F.

List of Leading Companies in the India Solar Inverter Market

1. Huawei Technology Co Ltd

The company is a global provider of information and communications technology (ICT) infrastructure and smart devices. The company operates in more than 170 countries. In India, the company is present through a vast network of sales offices and several partners across different verticals

2. Toshiba Mitsubishi-Electric Industrial Systems Corporation

TMEIC is a global industrial system integrator, providing cutting-edge technologies, products and automation systems for a wide range of industrial applications. TMEIC was formed through alignment of global leaders: Toshiba, Mitsubishi-Electric and GE.

3. Sungrow Power Supply Co., Ltd

Sungrow Power Supply Co., Ltd specializes in the manufacturing & supply of solar inverters and a broad product portfolio offering PV solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions.

4. FIMER Ltd.

FIMER Ltd. Is a global manufacturer of photovoltaic inverters ranging from small single-phase and three-phase string inverters up to megawatt-sized central inverters. The company completed the acquisition of ABB’s solar inverter business in early 2020. The company operates in India through its office in Bangalore.

5. TBEA Energy (India) Pvt. Ltd.

TBEA Energy (India) Pvt. Ltd. is a subsidiary of TBEA group, headquartered in China. The company specialises in manufacturing and supply of power transmission products, advance material industry and PV inverters.

6. Sineng Electric Co Ltd

Sineng Electric Co., Ltd. headquartered in Wuxi, specialises in the R&D, manufacturing and marketing of power & electronic products. The company marks its presence in India through its offices and manufacturing plants in the country.

7. Kehua Technology Pvt Ltd.

Kehua Hengsheng Co., Ltd. headquartered in China, is a provider of power solutions, which includes critical power solution, renewable energy solution, data center solution, and monitoring solution. The company operates its India through its offices and a wide network of distributors.

8. Delta Electronics India Pvt. Ltd.

Delta Electronics Ltd. Is a subsidiary of Delta Electronics Inc., headquartered in Taiwan. The company started its operations in India in 2003. Delta is a power and energy management company offering several products in industrial automation, building automation and renewable energy. In India, the company has its head office in Gurugram, Haryana along with other regional offices in Uttranchal and New Delhi.

9. Hitachi Hi-Rel Power Electronics Power Ltd.

Hitachi Hi-Rel Power Electronics Pvt. Ltd. Is a subsidiary of Hitachi Group, headquartered in Tokyo, Japan. The company is engaged in the business of power electronics products & complete customized solutions including UPS, drives, solar inverters, and railway products. The company has its registered office in India in the state of Gujarat along with several regional offices across the country.

10. Medha Servo Drives Pvt. Ltd.

Medha Servo Drives Ltd. is headquartered in India. The company is an R&D-focused company and specialises in designing and manufacturing components and systems in power electronics ranging from 1 kW to 4500 kW (4.5 MW).

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