The Indian high-capacity inverter sector is experiencing growth and is projected to reach USD 760.1 million in 2030. This growth can be credited to the snowballing need for power backup solutions across residential, commercial, and industrial areas, coupled with the rising requirement for inverters in tier II and tier III cities of the country.

The government of the nation aims to surge its solar power size to 288 GW by 2030 from around 50 GW increasing installed solar capacity as of February 28, 2022, which indeed will increase the need for solar high-capacity inverters.

The Indian government launched new guidelines for solar energy in 2011. Karnataka has helped the guidelines by starting the Arunodaya Programme, under which a 14MW solar PV plant was manufactured. Because of this, in 2021, 20% of Karnataka’s daily electricity needs were satisfied by solar power. Furthermore, Karnataka has the largest installed size of solar power in India, with 7,346 MW, and the largest solar plant is situated in Pavagada Tumakuru.

The Increasing Demand for High-Capacity Inverters
India, a nation of various cultures and changing electricity supply situations, poses a unique set of difficulties when it comes to power. Regular power cuts, voltage variations, and the growing requirement for constant energy are some of the problems that have made the way for high-capacity inverters.

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Empowering Businesses
Businesses throughout the nation are also enjoying the advantages of high-capacity inverters. Such devices offer a lifeline for businesses that need constant power, like IT services, manufacturing, and healthcare. Continuous power supply is essential for upholding efficiency and avoiding losses caused by power disturbances.

Cost and Accessibility
Price remains a substantial reason for numerous consumers. High-capacity inverters, mainly those fortified with progressive features, can be costly. However, government steps and enticements are inspiring more individuals to spend on these devices, indeed making them more available.

Tamil Nadu held a 14.3% market share, as Tamil Nadu is the biggest industry for non-solar high-capacity inverters in the country. This is because of the existence of the biggest wind farm located in Kanyakumari, which brings a 1,500-megawatt power supply, and the state has approximately 3,000 wind turbines.

Hence, the snowballing need for power backup solutions across residential, commercial, and industrial areas, coupled with the rising requirement for inverters in tier II and tier III cities of the country will drive the Indian non-solar high-capacity inverter industry.