India industrial inverter market is expected to grow at a steady CAGR during the forecast period. An inverter is an electronic device that converts direct current into alternating current. An industrial inverter can be used whenever DC power is present and AC loads are not outgrowing the DC needs. These are the most cost-effective solution to secure critical AC applications.

Increasing demand for standby sources of power across industrial and commercial applications is one of the key factors driving India industrial inverters market. Additionally, factors such as increasing electrification rates, growing urbanization, demand and supply gap between electric energy in India, among others are further propelling the market. Moreover, government’s initiatives to improve electrification rate in India is further expected to spur the market.

India industrial inverter market is segmented based on type, product type, capacity, sales channel, region and company. Based on type, the market can be fragmented into pure sine wave, modified sine wave and square wave. The square wave inverters are expected to hold a significant market share during the forecast period since they convert a straight DC signal to a phase shifting AC signal. Additionally, they are easily available and cost effective. Based on product type, the market can be bifurcated into single phase and three phase. The three-phase segment dominates the market owing to their higher efficiency and ease of operation.

The major players operating in India industrial inverter market are Luminous Power Technologies Pvt. Ltd., V-Guard Industries, Microtek International Private Limited, Su-Kam Power Systems Limited, Exide Industries Limited, Amara Raja Batteries Limited, Genus Innovation Limited, Arise India Limited, Consul Neowatt Power Solutions Private Limited, Uniline Energy Systems Private Limited and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

• To analyze and forecast the market size of India industrial inverter market.
• To classify and forecast India industrial inverter market based on type, product type, capacity, sales channel, company and regional distribution.
• To identify drivers and challenges for India industrial inverter market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India industrial inverter market.
• To conduct pricing analysis for India industrial inverter market.
• To identify and analyze the profile of leading players operating in India industrial inverter market.

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 TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India industrial inverter market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Industrial inverter manufacturers and suppliers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to industrial inverter

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India industrial inverter market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Type:
• Pure sine wave
• Modified sine wave
• Square wave
• Market, By Product Type:
• Single Phase
• Three Phase
• Market, By Capacity:
• Up to 2kVA
• 2-10kVA
• Above 10kVA
• Market, By Sales Channel:
• Direct
• Indirect
• Regions:

o   North

o   South

o   East

o   West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India industrial inverter market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).