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India Solar Microinverter Market Insights

This document discusses solar microinverters and the solar inverter market in India. It provides information on types of solar inverters including microinverters, market share of top players, market size and growth rates. The document also discusses key players in the solar energy sector for low-income populations in India and the status of grid-connected solar projects by state.

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Aatish Koul
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0% found this document useful (0 votes)
86 views28 pages

India Solar Microinverter Market Insights

This document discusses solar microinverters and the solar inverter market in India. It provides information on types of solar inverters including microinverters, market share of top players, market size and growth rates. The document also discusses key players in the solar energy sector for low-income populations in India and the status of grid-connected solar projects by state.

Uploaded by

Aatish Koul
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Low cost and rugged solar

PV microinverter
MADE BY
AATISH KOUL
What is Solar inverter?
Solar inverter is a device which converts
DC into AC
Types of Solar inverter
1)Conventional, Central (string)
inverters
2) Microinverter
TYPES OF MICRO INVERTER

 Off-Grid Microinverter
 On-Grid Microinverter
 Market share of
Top Players.
Price Comparison of existing players
Segment
Analysis
Market Size

 The Total Installed Capacity of Solar Inverters Inclined at a CAGR of


53.7% During FY'2011-FY'2015
 The market for solar inverter has been growing at healthy rate over
the years at an annualized rate of 61.9% during FY’2011-FY’2015 last
five years
 The residential solar inverter market contributed 2-3%of the overall
solar inverter market revenues
 industrial/commercial solar inverters accounted for 30- 33% of the
overall solar inverter market in FY’2015
Market Evolution and Current Size

 Demand-supply gap urged the government to open the energy


sector to the private players in the market.
 Two business models prevailing in the rooftop market for solar
inverter in India
 First model includes installing the solar PV and inverter at own cost
and in the second business model a third party owns, develops,
operates and maintains the rooftop solar PV array and inverters i.e.
“third party financing”.
Market Scenario.

 The market for solar inverters in India is projected to incline at a


CAGR of 76.9% during FY’2016-FY’2020
 Keeping in mind the shortage of coal in the country and significantly
rising power requirements. Companies have also been adopting
efficient green technology methods in order to conserve
environment and produce energy efficient products.
 The market for India solar inverter in future has been projected to
be dominated by utility sector, followed by industrial and
commercial sector
Challenges to reach Base of
Pyramid
 The dealers/retailers demand margins of about 20 – 25% to sell solar
products. The distributor undoubtedly demands about 35 – 40%
gross.
 Rural population don’t have money to buy.
 Who will be the distributer?
Recommendations

 Models to reach is:


 By Cash
 By credit ( Banks )
 By rental services
ORGANISATIONS WORKING ON
SOLAR PROJECTS FOR BOP
SELCO
 Click Aim: To break the myth
related to poor people that they
cannot afford and maintain
sustainable energy resources and
also social enterprises cannot act
like a commercial entity.
 Product: Apart from products like
Solar lighting (CFL and LED), Special
Projects (like DC TV Solar Micro Grid
etc), Solar Thermal (Water heaters),
Solar Inverter, it extends financial
aid to the farmers through banks.
 Impact: Selco was established
when solar energy was not known
much by the rural India. It was them
who made the rural mass trust solar
power. Since then they have
developed the living standards of
the rural mass by increasing their
productivity.
oNergy
 Aim: To provide access to
energy to BoP.
 Product: Solar lanterns, solar home
systems, solar water heating
systems, solar inverters, solar street
lighting, cookstoves, KW
installations, solar TV, solar
computer, solar microgrids and
solar irrigation systems.
 Impact: ONergy has impacted
250,000 lives by providing products
which are of high-quality, high-
standard and are innovative and
affordable.
Urja Unlimited
 Aim: To provide clean energy to
all the people across the globe.

 Product: Solar Lanterns, Solar


Irrigation, Solar Hot Water
Systems, Solar Rooftop Power
Plants, Solar Charge
Controllers, Solar Inverters, Solar
Home Lighting Systems, Solar Task
lights / Desklamps, Solar LED
Signages, Solar Garden Lights.

 Impact: It has impacted over


22,000 families. Also, helped in
generating solar entrepreneurs.
Moreover, Urja has partnered with
CSR projects to have a clean and
green impact on the society.
Frontier Markets
 Aim: It targets to provide clean
energy in rural and urban areas to
enhance health, wealth and
productivity.

 Product: Solar Rooftop Systems,


Solar Garden Lights, Solar Street
Lights, Solar Water Heaters, Solar
Lanterns, Solar Torch, Solar
Homelighting Systems.

 Impact: It has impacted 145,000


households with clean energy
solutions. Moreover, it has created
part-time employment for 250 rural
women and has partnered with
1700 rural retailers.
Pollinate Energy
 Aim: It aims to uplift the living
conditions of India’s urban poor.
Moreover, it supports local
entrepreneurs, especially social
entrepreneurs.

 Product: Sunking Lanterns, Envirofit


Cookstove, Sunking Home,
Lifestraw Water Filter, Sunking Wind
Fan, Infocus Smartphone, Nokia
130.

 Impact: It has installed 17,107


systems, reached 77,989 people
and served 1,977 communities. It
saves Rs. 95.7 million, 1.82 million
litres of kerosene and 4.39kg of
CO2 emissions.
Mera Gao Power
 Aim: It aims to bring microgrid to
off-grid zones of India to provide
energy at low cost.

 Product: Solar Powered


Microgrid which provides high-
quality lighting and mobile phone
charging.

 Impact: By September 2015, Mera


Gao was radiating 20,000
households from 1,500 villages of
northern India.
DESI Power/Decentralised Energy
Systems (India) Pvt. Ltd
 Aim: DESI Power is an independent
rural power producer which aims to
provide green, clean and
affordable energy in rural areas.
Hence, creating job opportunities
and constant income generation.

 Product: Power stations are


developed which are illuminating
lives of many rural people.

 Impact: The plants are successfully


running in 3 villages. It has also
developed 9 pilot power stations in
different parts of India.
STATE WISE STATUS OF GRID CONNECTED
SOLAR PROJECTS
Take aways

 Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, , Rajasthan


, Tamil Nadu, Telangana are states where cumulative solar
installation capacity is above 1000 Mw.
 Maharashtra, Punjab , Uttar Pradesh , Bihar , Chattisgarh are some
of growing states in solar installation capacity.

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