India Solar Inverter Market Size & Outlook, 2025-2033

India Solar Inverter Market Highlights

Market Strides analysis indicates that the India Solar Inverter Market size, valued at USD 525.9 Million in 2024, is expected to expand to USD 1,211.96 Million by 2033.
The India market is forecasted to expand at a CAGR of 9.69% spanning 2025–2033.
Central Inverter held the leading position among Product Type segments in 2024, based on market size.
String Inverter is projected to post the fastest growth rate, sustaining its position as the most attractive Product Type segment during the forecast horizon.

Source: MS Analysis Company Publications, Primary Interviews.

India accounted for 4.33% of the global Solar Inverter Market size in 2024.
By 2033, United States is expected to remain the top global market in terms of size.
Within Asia Pacific, China is forecasted to dominate the regional Solar Inverter Market size by 2033.
Singapore will be the fastest-growing market in Asia Pacific, projected to achieve USD 134.17 Million by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 525.9 Million
Market Size In 2033	USD 1,211.96 Million
Largest segment	Central Inverter
Units	Revenue in USD Million
CAGR	9.69% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Segments	Sub Segments
Product Type	Central Inverter String Inverter Micro Inverter Others
Connection	On-grid Off-grid
Phase	Single Phase Three Phase
End User	Residential Commercial Industrial Utilities
Nominal Power Output	Less than or equal to 0.5 kW 0.5 - 3 kW 3 - 33 kW 33 - 110 kW 110 kW
Nominal Output Voltage	Less than or equal to 230 V 230 - 400 V 400 - 600 V 600 V