EQ iSearch Presents Data on Solar Panels & Inverters Import in India in Q1 of CY2021…With Most Authentic Methodology
EQ iSearch is happy to present the most authentic data related to Imports of Modules and Inverter in India. The methodology of our research is totally independent and backed by all proofs and 3rd party independent assessment. Our research is not based on what these suppliers claim. Hence our research and data is the most authentic in the market today.
Solar Panels Imports into India in Q1 of CY2021 is around USD 630 million. The top 2 suppliers of Solar Panels to India are neck and neck with a small difference in market share. JinkoSolar Holding Co., Ltd Leads with a market share of 27.8 per cent, followed by LONGi Solar at No.2 with 24.8 per cent market share. The difference between top two is very small. The third major supplier is Risen Energy Co., Ltd with a market share of 12.5 per cent.
Out of the total inverter imports in India, String Inverter import value is around USD 21.66 million. Import in this category is led by Sofar with a market share of 26.9 per cent followed by Sungrow and Growatt with market shares of 19.9 per cent and 11 per cent. GoodWe and Foxess have a market share of 8.7 per cent and 7.7 per cent.
Out of the total inverter imports in India, the central inverter imports into India excluding Made in India Products is worth around USD 24.9 million in Q1 of CY2021. In this, Kehua Tech has a 44.3 per cent market share followed by Sungrow and TBEA. Sungrow has a market share of 43.5 per cent and TEBA has a 12.1 per cent market share.
The total value of combined String and Central Inverter imports into India excluding Make in India products in Q1 of CY2021 are around INR 344 crore or USD 46.5 Million. The top supplier in this category is Sungrow Power Supply Co., Ltd. with a market share of 32.6 per cent. Kehua Tech is the second top supplier in this category with 23.7 per cent followed by Shenzhen SOFARSOLAR Co., Ltd with a 12.5 per cent market share.
Information in this article is based on the most authentic data from independent third-party sources. All the information provided above is very well verified.