As of Q2 2017, the top five solar inverter manufacturers accounted for over 70 percent of India’s solar inverter market, led by ABB India with a 20 percent market share and SMA with a market share of approximately 15 percent, according to the Q2 2017 India Solar Quarterly Market Update by Mercom India Research. To date, ABB has cumulatively supplied about 5 GW of inverters and SMA has supplied over 3 GW, followed by TMEIC, Chint, Schneider Electric, and Hitachi which have supplied over 2 GW, says Mercom.
Recently, ABB entered into a partnership with Azure Power that will have it providing solar inverters to support rooftop systems in 750 railway stations across India (as reported). According to Mercom’s India Solar Project Tracker, cumulative solar installations including rooftop reached 14.7 GW as of June 2017.
Solar projects under development now total approximately 12.2 GW with 6.3 GW of tenders awaiting auction.
In the past weeks, more inverter companies increase their presence in India. In August 2017, Enphase Energy expanded into India and established offices in Chennai. In April 2017, Solaredge opened an office in Bangalore and it has also created a new entity called Solaredge Technologies (India) Private Limited.
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