Top 10 Solar Inverter Manufacturers in India

Overview: Solar Inverter Industry in India

India’s solar inverter industry is rapidly expanding as the nation accelerates its transition to renewable energy, with the market valued at around USD 519.6 million in 2024 and forecast to nearly double by 2032 due to rising residential, commercial, and utility-scale solar adoption. Solar inverters—crucial for converting DC power into usable AC electricity—are key in rooftop, industrial, and grid-connected systems, driving sustained growth under supportive policies.

Top 10 Solar Inverter Manufacturers in India

1. Luminous Power Technologies Private Limited

Luminous Power Technologies, founded in India in 1988, is a leading manufacturer of power backup and Solar Inverters along with UPS, batteries and residential solar solutions for homes and commercial applications. With extensive distribution across 36+ countries and 7 manufacturing units supporting residential and industrial energy needs, Luminous is considered a top player due to its innovation-driven products, strong channel network, and trusted brand reputation in the energy sector.

2. Sungrow India Private Limited

Sungrow, founded in China in 1997, is a global leader in Solar Inverters and energy storage solutions catering to residential, commercial & industrial, and utility-scale solar projects. With one of the largest dedicated R&D teams and bankable PV inverter technology deployed across 170+ countries, Sungrow’s broad product portfolio, innovation focus, and strong global installations make it a top player in the renewable energy sector.

3. Delta Electronics India Private Limited

Delta Electronics, headquartered in Taiwan and founded in 1971, operates in India through Delta Electronics India Pvt. Ltd. (since 2003), offering advanced Solar Inverters and power conversion solutions for residential, commercial, industrial, and utility-scale renewable applications. With a comprehensive PV inverter portfolio, strong manufacturing and R&D footprint, and proven efficiency and reliability across diverse solar projects, Delta is regarded as a top player in the energy sector.

4. Sineng Electric India Private Limited

Sineng Electric, founded in China in 2012, is a global leader in Solar Inverters and energy storage inverter solutions serving residential, commercial & industrial, and utility-scale solar projects. With multiple R&D centers and manufacturing bases including in India, a broad PV product range, and recognition as a BloombergNEF Tier 1 inverter supplier with significant global shipments, Sineng is regarded as a top player for its innovation, quality, and widespread deployment.

5. Hitachi Hi-Rel Power Electronics Private Limited

Hitachi Hi-Rel Power Electronics, originally founded in India in 1983 and now a wholly owned subsidiary of Hitachi, Japan, manufactures advanced Solar Inverters alongside UPS systems and drives for industrial, commercial, and utility-scale renewable energy applications. With over 3 GW installed in India and more than 5.5 GW globally, its efficient, reliable inverters and robust R&D and manufacturing make the company a top sector player.

6. UTL Solar (Fujiyama Power Systems Private Limited)

UTL Solar, an Indian power electronics company established in 1996, manufactures a wide range of products including Solar Inverters, solar panels, UPS systems, batteries and complete solar power solutions for residential, commercial and industrial applications. With four manufacturing units, high production capacity, an extensive dealer network across India, and a strong focus on innovation and quality, UTL is recognized as a top player in the solar energy sector.

7. Servotech Renewable Power System Limited

Servotech Renewable Power System Limited., established in India in 2004, is a clean-energy manufacturer offering Solar Inverter solutions alongside solar panels, batteries, and electric vehicle charging systems. The company serves residential, commercial, and industrial sectors across India. Backed by in-house manufacturing, a wide distribution network, and a strong focus on innovation and sustainability, Servotech is regarded as a leading player in the Indian solar power market.

8. Statcon Energiaa Private Limited

Statcon Energiaa Private Limited., founded and headquartered in India, brings over 35 years of power electronics expertise with its Solar Inverters and related energy solutions for residential, commercial, and industrial applications. Known for a comprehensive range of robust MPPT and hybrid solar inverter products, in-house R&D, and strong deployment with 800 + MW of installations, the company’s quality, innovation, and extensive support network make it a leading player.

9. PowerOne Micro Systems Private Limited

Power-One Micro Systems Private Limited, founded in India in 1992, manufactures a wide range of power solutions including Solar Inverters (on-grid, off-grid and hybrid), UPS systems, energy storage and EV chargers for residential, commercial, industrial and institutional applications. With extensive in-house technology, 37 branch offices, over 10,000 solar installations and a strong service network nationwide, Power-One is recognized as a leading Indian solar inverter manufacturer.

10. FIMER India Private Limited

FIMER, founded in Italy in 1942, is a global power electronics manufacturer offering advanced Solar Inverter solutions for utility-scale, commercial, and industrial renewable energy applications. With decades of engineering expertise, a strong international presence including India, and a broad portfolio of high-efficiency photovoltaic inverters, FIMER is recognized as a top player for its technological innovation, reliability, and contribution to large-scale solar power deployment worldwide.

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