Press release
India Power Inverter Market: Trends, Share, Size, Opportunities, Growth, Forecast, Outlook, 2023
India is the world’s third-largest producer of electricity, after China and the US. Even as demand grows some 10% a year, the country is on track to produce more power than it consumes. Still, power outages are a way of life for the average Indian. Many Indians have limited or no access to electricity. On other hand, increasing disposable income is the primary factor that has enables people to consider loT based devices to make their homes smart with complete power back up solution.
According to recently published report of Bonafide Research "India Power Inverter Market Outlook, 2023" India power inverters market is expected to grow with a CAGR of more than 8.5 % from 2012-17. The extending procuring vitality of consumer and what's more openness of unassuming varieties has been a basic factor towards the advancement of power inverter exhibit in India. Initially, inverters were used tier-1 cities to control basic electronic kinds of apparatus, while the necessity of Indian customers has changed today. Inverters are at present used to give support vitality to work regions, ACs, and other family machines. Aside from residential, an enduring interest has been contributed by the industrial, commercial, and small enterprises. Furthermore, the India Power inverter advertises is divided with various chaotic players offering sub-standard items.
Report Link: https://www.bonafideresearch.com/product/180330011/India-Power-Inverter-Market-Outlook,-2023
"In last few years, smart home market has gain colossal momentum in India. Increasing awareness of smart homes among users is key growth driver for smart home and power back up industry. The awareness is high in metros but slightly lower in non-metros. On other hands, Power shortage concerns in country have pulled the demand of power inverters in tier-II and tier III cities." said Dhwipal Shah, Director with Bonafide Research
The penetration of inverters in rural areas has mainly been facilitated by rising electrification initiatives of the government. Additionally, the rising standard of living of Indian consumers, growing awareness of smart homes has acted as a catalyst behind the increasing sales of inverters in India in semi-urban and rural parts of the nation. The market has witnessed huge demand of power inverters from north and south region.
Power inverter market has an immense potential taking into consideration the power shortage in India, increasing demand from industries and unplanned power cuts. A shift towards better quality and reliable products at competitive prices will lead to technology innovations as well as the need to conserve energy will drive manufacturing companies to produces efficient products. Expansion of distribution and service network will supplement the growth of the market.
Geography: India
Base Year: 2017
Estimated Year: 2018, Forecast Year: 2023
Pages: 111, Figures: 21, Tables: 19
Objective of the study:
• To present an overview on power inverter industry of India.
• To analyze and forecast the market size of Power inverter market, Square wave, Modified/quasi wave, pure sine wave, in terms of value as well as volume.
• To define, classify and forecast Power inverter market on the basis of segments (Square wave, Modified/quasi wave, and pure sine wave) and low (0.6kVA to 1.5kVA), mid (2kVA to 4kVA), and high (more than 5kVA) market segment.
• To further classify and forecast all the product types into various sub-segments (organised/ unorganised).
• To strategically profile leading players, which are operating in the power inverter industry in India.
"India Power inverter Market Outlook, 2023" discusses the following aspects of power inverter in India.
- Global Power inverter Market Size By value & Forecast
- Global Power inverter Market Size By volume & Forecast
- India Power inverter Market size By Value & forecast
- India Power inverter Market Size By Volume & forecast
- Square wave power inverter Market Size By Value & Forecast
- Square wave power inverter Market Size By Volume & Forecast
- Modified/quasi wave power inverter Market Size By Value & Forecast
- Modified/quasi wave power inverter Market Size By Volume & Forecast
- Pure Sine wave Power inverter Market Size By Value & Forecast
- Pure sine wave power inverter Market Size By Volume & Forecast
- Key Vendors in this market space
Download Page: https://www.bonafideresearch.com/download_page.php?product_code=180330011
Major companies operating in the power inverter market of India are Swelect Energy Systems Limited, Luminous Power Technologies Private Limited, Microtek International private limited, Su-Kam Power Systems Limited, Genus innovation Limited, Consul Neowatt Power solutions Private Limited, Tritronics India Private Limited, True power international Limited, Uniline Energy Systems Private Limited, Arise India Limited.
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to Power Inverter industry or Power back up OEMs, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Bonafide Research is one of the fastest growing market research and consulting company. Our report store have collection of 30,000 premium research reports for variety of industrial verticals. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Our client base consists of BCG, Ernst & Young, PwC, Inflexion, Nestle, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.
Steven Thomas
Bonafide Research & Marketing Pvt. Ltd.
Address: T-13/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Phone: +91 265 6551309 / +91 7878231309
Email: sales@bonafideresearch.com
Linkedin: https://www.linkedin.com/company/bonafide-research/
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