India Industrial Inverter Market, By Type (Pure Sine Wave, Modified Sine Wave & Square Wave), By Product Type (Single Phase & Three Phase), By Capacity (Up to 2kVA, 2-10kVA & Above 10kVA), By Sales Channel (Direct & Indirect), Competition, Forecast & Opportunities, 2025

The Indian Industrial Inverter Market is projected to cross $ 102 million by 2025. An inverter is an electronic device that converts direct current into alternating current, and thereby offers an 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 the Indian Industrial Inverter Market. Additionally, factors such as growing urbanization and the rising demand and supply gap of electricity are further propelling the market. Government initiatives to improve electrification rate in India is further expected to spur the market. However, outbreak of COVID-19 pandemic will cause a huge drop in the market growth of industrial inverters in India in the year 2020, and the market is expected to regain its growth momentum by 2021 and then continue the growth trajectory during 2022-2025.

The Indian Industrial Inverter Market is segmented based on type, product type, capacity, sales channel, and region. Based on type, the market can be fragmented into pure sine wave, modified sine wave and square wave. The pure sine wave industrial inverter segment is expected to remain the largest segment through 2025, followed by square wave and modified sine wave segments. 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 market is dominated by direct sales channel as most of the users prefer to buy industrial inverters directly from the manufactures.

Major players operating in the Indian Industrial Inverter Market include 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.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021–2025

Objective of the Study:

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

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

Researchers calculated the market size of the Indian Industrial Inverter Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The author 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.

Key Target Audience:

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

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 the market opportunities.

Report Scope:
In this report, the Indian 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:
• North
• South
• East
• West

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Industrial Inverter Market.

Available Customizations:
With the given market data, the author offers customizations according to a client's specific needs.