Solar Inverter Market in India An Overview with Facts and Figure

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Solar inverter is a device convert DC {direct current} output into AC {alternative current} that can be used into commercial electrical grid or by local, off line network. Solar energy is converted to electrical energy by photovoltaic cells. This energy is stored in daytime so that it can be used whenever it is required.

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Solar Inverter Market in India: An Overview with Facts and Figure Solar inverter is a device convert DC direct current output into AC alternative current that can be used into commercial electrical grid or by local off line network. Solar energy is converted to electrical energy by photovoltaic cells. This energy is stored in daytime so that it can be used whenever it is required. With the increase in electricity bill power shortage and “GoGreen” initiatives the use of solar inverter India has increased. The popularity of solar technologies both rural and urban India is driving the trend for solar hybrid inverters that combine solar panels with an inverter to address power requirements due to which solar inverter market in India is getting greater acceptance. “Solar Power is not about fashion it’s about survival.” - Sir Norman Foster There are various companies which provide solar inverters in India with perfect quality and price. With increase in usage of solar inverter and increased purchasing power demand for solar inverter has also increased. Consumers are focusing more on quality product instead of going reasonable because quality will be long-term beneficial which can help them to achieve their goals. Market in India is expanding dye to increase in income level expansion of industries and accepted to reach new heights till 2019 to 2020. The solar market in India is expected to grow at 70 to 80 for the next few years and there is much scope for new companies to enter market in this segment. In India a lot a people want to be independent of grid therefore in inverter segment people interest has shifted towards solar Inverters which has led to increase in market of solar inverter in India.

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According to Research Analyst at Ken Research The majority of revenues in future would be derived from on grid inverters that enable the electricity generated through PV panels and stored in solar inverters to be fed into the main power grid. India has better solar resources than countries that currently lead in the PV sector. India is pushing forward a strong solar regulation schemes at national and regional levels. The market of solar inverters in India is highly fragmented and has rapidly grown from 2011 to 2015. Due to technological improvement and also increase in numbers of solar inverters companies in India.

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