Sungrow, Sineng, FIMER, Solis Top Solar Inverter Companies in 1H 2022
The top three companies accounted for 68% of the market share
Sungrow, Sineng Electric, FIMER India, Ginlong (Solis) Technologies, and SOFARSOLAR were the leading solar inverter suppliers in India in the first half (1H) of the calendar year (CY) 2022, according to Mercom’s recently released India Solar Market Leaderboard 1H 2022.
The report provides insights into the industry leaders’ market share and shipment rankings across the Indian solar supply chain.
Sungrow was the top solar inverter supplier in 1H 2022 and is also the leading solar inverter company cumulatively.
Sungrow inaugurated a 10 GW solar inverter manufacturing facility in New Delhi earlier this year. The company also has a 3 GW facility in Bangalore. Sungrow has over 269 GW of solar inverters installed worldwide.
In September, Sungrow surpassed 14 GW inverter shipments to the Indian market. Sungrow’s inverters are in many key projects, including the 400 MW project in Bhadla Solar Park of Rajasthan, the 250 MW Ayana Project in Andhra Pradesh, and the 70 MW Kayamkulam floating solar project.
Sungrow, Sineng Electric, and FIMER India accounted for 68% of the market share in 1H 2022.
Solis has supplied its 255 kW three-phase string inverter to NTPC’s 30 MW Rihand solar project in Uttar Pradesh. Entering India with a focus on residential and C&I markets, the company plans to capture a greater share of the utility-scale solar market.
Growatt unveiled its X Series solar inverters with 0.75-253kW power capacity range. Growatt’s X Series inverter features a higher power density and a higher input string current of up to 22.5A that makes it compatible with high power modules. It can be used in residential, commercial and industrial, and large-scale solar projects.
Sineng Electric, Sungrow, FIMER India, and TMEIC were the top solar central inverter suppliers. Central inverters represented the majority of solar inverters supplied during the period.
Sineng Electric supplied its flagship 3.125MW central inverter solution to the 200 MW Raghanesda Solar Park in Banaskantha District of Gujarat. The inverter solution is tailored for 1500V solar project. It is suitable for the arid environment as there is no derating up to 50℃. The 3.125MW central inverter solution is also used at the 300 MW Pokhran Solar Park.
As of June, GoodWe announced that it had shipped over 2 GW of solar inverter shipments to India.
FIMER supplied its 1MVA inverters to the Integrated Solar Energy Project in Modhera, Gujarat. This project features a 6 MW grid connect system with 6MVA inverters and an 18 MWh battery energy storage system.
In February this year, the Ministry of New and Renewable Energy extended the deadline for self-certification of solar PV inverters under the Bureau of Indian Standards until June 30, 2022. The extension was granted after the industry sought more time for compliance, considering the testing issues and the test labs’ level of preparation.
A complete list of the solar inverter suppliers and their market share is available through Mercom’s India Solar Market Share Tracker.