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					</table><a href="https://en.sungrowpower.com/" target="_blank" rel="noopener">Sungrow Power Supply</a>, <a href="https://en.si-neng.com/">Sineng Electric</a>, <a href="https://www.ginverter.com/?gclid=Cj0KCQiAr8eqBhD3ARIsAIe-buPEA4Nbi-RpySfgTF0v1I4Y_ySbTPEAiqGntDwgqHncXyEpbLap2X8aAvZ5EALw_wcB" target="_blank" rel="noopener">Growatt New Energy</a>, <a href="https://www.ginlong.com/global" target="_blank" rel="noopener">Ginlong (Solis) Technologies</a>, and <a href="https://www.goodwe.com/" target="_blank" rel="noopener">GoodWe</a> emerged as the leading solar inverter suppliers in India in the first half (1H) of 2023, according to Mercom&#8217;s recently released <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2023-market-shares-profiles" target="_blank" rel="noopener">India Solar Market Leaderboard 1H 2023.</a>
The Market Leaderboard provides insights into the industry leaders&#8217; market share and shipment rankings across the Indian solar supply chain.
For 1H 2023, the report captured notable shifts in market share rankings, with three new players making it to the top ten list.
Sungrow was the top solar inverter supplier, accounting for 35% of the market share. It was followed by Sineng Electric and Growatt New Energy with 22% and 7%, respectively. Ginlog (Solis) Technologies and GoodWe rounded off the top five with 5% each.
The top two inverter suppliers remain unchanged from 2022 to 2023 as the demand for their inverters in the Indian solar market continues to be strong.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60372 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-1.png" alt="" width="562" height="380" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-1.png 562w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-1-300x203.png 300w" sizes="(max-width: 562px) 100vw, 562px" />
Sungrow, the top supplier to India in 1H 2023, has reached a cumulative supply of 19.2 GW at the end of June 2023.
Second on the list, Sineng Electric has three manufacturing facilities in Wuxi, China, Wuzhong, China, and Bangalore, India, with a 40 GW annual production capacity.
Third on the list was Growatt New Energy, which has moved up from sixth to third position in 1H 2023.
The fourth spot went to Ginlong (Solis) Technologies, retaining its position in 1H 2023.
String Inverters
Sungrow, Growatt New Energy, GoodWe, Ginlong Solis, and <a href="https://www2.sofarsolar.com/" target="_blank" rel="noopener">SOFAR</a> were the top solar string inverter suppliers, accounting for 69% of the market share.
Sungrow led with 22% of the total shipments, followed by Growatt, which accounted for 15%.
GoodWe, Ginlong (Solis), and SOFAR rounded off the top five with 12%, 11%, and 9%, respectively.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60373 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture2.png" alt="" width="602" height="357" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture2.png 602w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture2-300x178.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture2-600x356.png 600w" sizes="(max-width: 602px) 100vw, 602px" />
Central Inverters
Central inverter supplies surpassed string inverters for the first time in two years in 1H 2023, accounting for approximately 56% of the total shipments during the period. Due to performance and supply issues, developers favored central inverters over string inverters in the first half of the year.
Sungrow, Sineng Electric, <a href="https://www.fimer.com/" target="_blank" rel="noopener">FIMER India</a>, Ginlong (Solis), and <a href="https://www.hitachi-hirel.com/" target="_blank" rel="noopener">Hitachi Hi-Rel</a> were the top solar central inverter suppliers for 1H 2023.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60374 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture3.png" alt="" width="521" height="345" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture3.png 521w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture3-300x199.png 300w" sizes="(max-width: 521px) 100vw, 521px" />
Sungrow and Sineng Electric accounted for 45% and 34% of the market share, respectively, followed closely by FIMER with 18%. Ginlong (Solis) Technologies and Hitachi Hi-Rel each accounted for 1% of central inverter shipments in 1H 2023.
Mercom&#8217;s Market Leaderboard report, published twice a year, covers the market landscape across the entire supply chain. For the detailed and comprehensive report, click <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2023-market-shares-profiles" target="_blank" rel="noopener">here</a>.
Our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener">Market Share Tracker</a> also gives insights into the solar market competitors and their growth rates quarterly.

Sungrow, Sineng, Growatt, Solis Top Solar Inverter Suppliers in 1H 2023

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					</table><a href="https://en.sungrowpower.com/" target="_blank" rel="noopener">Sungrow</a>, <a href="https://en.si-neng.com/" target="_blank" rel="noopener">Sineng Electric</a>, <a href="https://www.fimer.com/" target="_blank" rel="noopener">FIMER India (ABB)</a>, <a href="https://www.ginlong.com/global" target="_blank" rel="noopener">Ginlong (Solis) Technologies</a>, and <a href="https://www.sofarsolar.com/" target="_blank" rel="noopener">SOFAR</a> emerged as the leading solar inverter suppliers in India in the calendar year (CY) 2022, according to Mercom&#8217;s recently released <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-2023-market-shares-and-profiles" target="_blank" rel="noopener">India Solar Market Leaderboard 2023</a>.
The report provides insights into the industry leaders&#8217; market share and shipment rankings across the Indian solar supply chain. The report captured notable shifts in market share rankings, with three new players making it to the top ten list. SOFAR, <a href="https://www.deyeinverter.com/" target="_blank" rel="noopener">NingBo Deye Inverter Technology</a>, and <a href="https://www.fox-ess.com/" target="_blank" rel="noopener">Fox ESS</a> were the new entrants in the top ten list.
Sungrow was the top solar inverter supplier in CY 2022, accounting for 29% of the market share. It was followed closely by Sineng Electric and FIMER India (ABB) with 20% and 17%, respectively. Ginlog (Solis) Technologies and SOFAR rounded off the top five with 9% and 6%, respectively.
The top four inverter suppliers remain unchanged from 2021 to 2022 as the demand for their inverters in the Indian solar market continues to be strong.
<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_20_529Z.png"><img loading="lazy" decoding="async" class="alignnone wp-image-54734 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_20_529Z.png" alt="Top Solar Inverter Suppliers 2022" width="527" height="351" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_20_529Z.png 527w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_20_529Z-300x200.png 300w" sizes="(max-width: 527px) 100vw, 527px" /></a>
Among the top four, FIMER India&#8217;s shipments increased 117.3%, while Sungrow, Sineng Electric, and Ginglong (Solis) Technologies shipments were down 26.6%, 33.9%, and 5.7% compared to 2021.
Sungrow Power Supply (Sungrow), the top supplier to India in 2022, has an installed capacity of over 340 GW globally as of December 2022. Sungrow <a href="https://www.mercomindia.com/daily-news-wrap-up-sungrow-10-gw-solar-inverter-manufacturing" target="_blank" rel="noopener">has</a> a 10 GW manufacturing facility in New Delhi and a 3 GW facility in Bangalore.
Second on the list, Sineng Electric has three manufacturing facilities in Wuxi, China, Wuzhong, China, and Bangalore, India, reaching 30 GW annual production capacity.
Third on the list is FIMER India (ABB) has been operating in India since 2010. Its factory in Bangalore has an annual production of more than 5 GW with the latest infrastructure as well as testing facilities.
In April last year, FIMER supplied its 1 MVA inverters to Mahindra Susten for the battery energy storage system (BESS) project and successfully executed the integrated solar energy project at Sun Temple Town of Modhera, District Mehsana, Gujarat.
Next on the list is Ginlong (Solis) Technologies. During 2022, Solis supplied its 255 kW three-phase string inverter to NTPC&#8217;s 30 MW Rihand solar project in Uttar Pradesh. During the second half of 2022, the company released its sixth-generation energy storage inverters for European markets.
Rounding off the top five is SOFAR.
String Inverters
String inverters supply surpassed central inverters, accounting for approximately 53% of the total shipments in CY 2022 for the second consecutive year.
Sungrow, Ginlong Solis, SOFAR, <a href="https://www.ginverter.com/" target="_blank" rel="noopener">Growatt</a>, and <a href="https://en.goodwe.com/" target="_blank" rel="noopener">GoodWe</a> were the top solar string inverter suppliers, accounting for 74% of the market share.
Sungrow led the market share with 30% of the total shipments, followed by Solis, which accounted for 16%.
SOFARSOLAR, Growatt, and GoodWe rounded off the top five with 11%, 9%, and 8%, respectively.
<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_51_031Z.png"><img loading="lazy" decoding="async" class="alignnone wp-image-54735 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_51_031Z.png" alt="Top Solar String Inverter Suppliers 2022" width="562" height="335" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_51_031Z.png 562w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_57_51_031Z-300x179.png 300w" sizes="(max-width: 562px) 100vw, 562px" /></a>
Central Inverters
FIMER India (ABB), Sineng Electric, Sungrow, and <a href="https://www.tmeic.com/" target="_blank" rel="noopener">TMEIC</a> were the top solar central inverter suppliers for 2022.
<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_58_15_532Z.png"><img loading="lazy" decoding="async" class="alignnone wp-image-54736 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_58_15_532Z.png" alt="Top Solar Central Inverter Suppliers 2022" width="556" height="342" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_58_15_532Z.png 556w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/image_2023_05_31T07_58_15_532Z-300x185.png 300w" sizes="(max-width: 556px) 100vw, 556px" /></a>
FIMER India (ABB) and Sineng Electric accounted for 34% of the market share each, followed closely by Sungrow with 28% and TMEIC India with 4%.
The report covers the market landscape across the entire supply chain. For the detailed and comprehensive report, click <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-2023-market-shares-and-profiles" target="_blank" rel="noopener">here</a>. Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener">Market Share Tracker</a> gives insights into the solar market competitors and their growth rates on a quarterly basis.

Leading Solar Inverter Suppliers in 2022: Sungrow, Sineng, FIMER, Solis

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