Solar Power In India is seeing massive growth driven by favorable government subsides,India’s rising Energy Demand and Declining Costs of Solar Energy.PV Solar Systems not only consist of Solar Panels but also of Solar Inverters,Wires,Junction Boxes and other Balance of System Equipment.Solar Inverters are the most important part of a Solar Panel after Solar Panels and form around 10-15% of the Solar System Cost though it can be more or less depending on the type of technology,vendor etc.Solar Inverters in India are mostly imported though a few domestic and interanational manufacturers have set up manufacturing operations.Note Solar Inverters had been in shortage in 2010 due to a shortage of IGBTs which are semicondutor components.However a rapid capacity expansion by major solar inverter manufacturers like SMA,Power-One has led to a glut in solar inverters.Solar Inverters can cost between 30-60c/watt depending on the type,size,vendor etc.The ~$2.1 billion market in 2009 with 7 GW of installations has increased by more than 130% to around $5 billion in 2010 as the solar panel demand globally increased to around 17 GW.Note Solar Inverter Companies have done much better as competition is much lower and the annual price declines in solar inverters has been much lower at around 10% compared to the 50% decline in solar panel in the last 2-3 years..Note Solar Inverters are required for all types of Solar PV applications like Thin Film,CPV and Crystalline.
Solar Inverter Companies have much higher margins than the normal Solar Panel Companies as their costs are much lower than their prices.Solar Inverters have a cost beween 10-25c/watt while the wholesale selling Price can range between 30-40c/watt.However with the entry of Asian manufacturers,the margins and the prices of Solar Inverters are expected to come down rapidly.The current glut in the Solar Inverter Market indicates that prices may come down soon.
SMA Solar – The Big Daddy of the Solar Inverter Market with a 40% Marketshare of the Global Market.This Germany company has become the most valued solar company in Germany beating out the old stalwarts like Q-Cells and Solarworld.SMA Solar has managed to maintain its marketshare and grow as fast with the global solar demand unlike some of its competitors.SMA Solar faces tough times ahead as the growing inverter industry attracts numerous competitors and it remains to be seen whether it can avoid the fate of Q-Cells.
2) Power-One – The US power management company has shown the fastest growth in 2010 and has increased its marketshare to around 13% to become the No.2 global player. Power-One is mainly concentrated in Europe and is now expanding to Asia and its home market of USA.
3) Kaco New Energy – Like SMA, this is also a German company though privately held.It too benefited from the strong growth in the German solar market in 2009 and 2010 to become large players. It has not grown as fast as SMA but is still a big player.
Other major global solar inverter manufacturers are also setting up base in India
Compare and buy best selling Solar Inverters in India here.
Indian Solar Inverter Companies don’t have the Technology and Sophistication of the Foreign Manufactures. Not Efficiency of Solar Inverters is a very important buying factor and domestic companies can’t match the reliability and efficiency of the foreign ones. For example SMA Solar the world’s leading manufacturer has solar efficiency in the 98% and higher range while domestic companies struggle in the 90-95% range. Given the massive differences in profits that each percentage of efficiency can make, buying higher efficiency inverters at a higher cost is not an issue.
Sukam – Sukam is one of the largest battery manufactures in India supplying a wide range of applications.
Luminous – The company is similar to Sukam supplying inverters and batteries to homes and commercial buildings as power reliability is a big issue in India. The company sells both grid-tied inverters as well as inverters for off-grid solar applications.
Hykon India – Hykon makes Solar Inverters in the 75-300 KW range.
16 Comments
Dear Sir/Ma’am
plz send complete information and quotation of solar inverter and solar lamp posts
Thanks,
Regards,
Sunil Makkar
Regional Head
Ozone Builders & Developers (P) Ltd
09258323200
What is life of Solar Inverter vis a vis micro inverter/battery type inverter. In a residential are which type of product is to be used .Detailed information shall be highly appreciated. Thanks
Joginder Singh
Hi Joginder
Please read this post for information http://greenworldinvestor.com/2011/04/14/solar-central-grid-tie-inverters-vs-microinverters-advantages-and-disadvantages/
Abhishek
How can you do grid tie inverters in India
a) the grid fluctuates a lot. Can you actually sync-up
b) is net metering allowed
Is anyone aware of any solar installs in India where they have used grid tie inverters. And I am not talking solar farms but more like residential/commercial etc.
i want to start solar inverter solar product business in delhi pls inform which company is better and sales service is good. email anandddxn@gmail.com tel 9312233042
I too have to buy solar inverter, need price listing regarding this. Plz provide ASAP.
Please send me the best solar inverter product details and price list
Good evening,
I need to know me the best solar inverter products details and price list.
want the quotations for stand alone inverter…can i get any help?
i want to establish a solarplant is there any donations for us?
Yes,Solar is a massive energy.I agree with you.
i want to start solar inverter business please give me full detail and information about this my mail id is atulsharma222@hotmail.com
I want to price list for both on grid and off grid inerter ASPS
Please send me the best solar company and the price list of mwt wise
Hi,
This is amol anand from loomsolar.com. I am the creator of the website, To promote solar in India, we have launched this website.
To know more about solar panels, call + 8750 77 88 00 or reach us at hello@loomsolar.com
Very nice and informative article. You have nicely explained about solar invertor guide to solar inverter manufacturers price. I agree with you, we should be committed to a better sustainable future. And I am glad that I came across such post