Sungrow, FIMER, Sineng Had been Main Solar Inverter Suppliers to India in 1H 2020

Sungrow, FIMER, Sineng Were Major Solar Inverter Suppliers to India in 1H 2020

According to Mercom’s India Solar Market Leaderboard for 1H 2020, Sungrow, FIMER India (formerly ABB) and Sineng Electric were the most important suppliers of solar inverters for the Indian solar market in the first half of the (1H) of the calendar year (CY) 2020.

The latest report from Mercom offers an insight into the market shares and shipping rankings of the industry leaders in the Indian solar supply chain.

The three largest companies accounted for around 57% of solar inverter deliveries in the first half of 2020. The ten largest suppliers delivered around 93% of the solar inverters sold in the half-year, while other smaller companies only made up 7% of the deliveries.

String inverter:

Huawei, Sungrow and Kehua Hengsheng were the three leading suppliers of string inverters with a market share of 56% in the first half of the year. The five largest suppliers had a market share of 72% for string inverters during this period.

Leading Solar String Inverter Suppliers in India 1H 2020 (Jan-Jun)

Central inverter:

Sungrow, FIMER India and Sineng Electric were the three largest suppliers of central inverters between January 2020 and June 2020. Together they supplied around 87% of all central inverters delivered in the reporting period. The five largest companies had a 97% market share in central inverters in terms of shipping.

Leading Solar Central Inverter Suppliers in India 1H 2020 (Jan - Jun)

The report showed that FIMER India was the largest solar inverter supplier cumulatively as of June 2020.

The government has announced plans to curb solar imports to save foreign exchange and attract foreign direct investment to boost domestic production by imposing a basic tariff (BCD) on solar cells, modules and solar inverters.

When it comes to solar inverters, however, most of the current suppliers are global players who have established production facilities in India. In contrast to module manufacturers, there are hardly any local Indian manufacturers of solar inverters with a considerable market share. Mercom recently wrote about how the government must incentivize domestic component manufacturing before tariffs are imposed.

In July, the Ministry of New and Renewable Energy extended the deadline for self-certification of solar inverters to December 31, 2020 in view of the disruption caused by the COVID-19 crisis.

One of the key points discussed in Mercom’s recent webinar was the Indian Government’s Bureau of Indian Standards (BIS) certification mandate, which has weighed on the industry. Participants felt that this mandate left the Indian solar sector behind at least three or six months in adopting the latest technology. They agreed that this has hindered technological innovation and that the government needs to encourage industry to be less concerned about costs and focus on adopting the latest technology. Click here to listen to the recording of the webinar.

Nithin is a reporter at Mercom India. Previously, he worked for Reuters News on the oil, metals and agricultural commodity markets in the world markets. He has also covered refinery and pipeline explosions, oil and gas leaks, hurricane developments in the Atlantic region, and other natural disasters. Nithin holds a master’s degree in applied economics from Christ University in Bangalore and a bachelor’s degree in commerce from Loyola College, Chennai. More articles from Nithin.


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