Outlook on the High-Capacity Inverter Market in India to 2030 - Featuring Huawei Technologies, Microtek International and Delta Electronics Among Others - ResearchAndMarkets.com
The "India High-Capacity Inverter Market Size and Share Analysis by Wave, Phase, Operational Mode, Sales Channel, End-use, Application - Industry Development and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering
By AP News
Published - Oct 12, 2022, 05:58 AM ET
Last Updated - Jun 13, 2024, 07:22 AM EDT
DUBLIN--(BUSINESS WIRE)--Oct 12, 2022--
The "India High-Capacity Inverter Market Size and Share Analysis by Wave, Phase, Operational Mode, Sales Channel, End-use, Application - Industry Development and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The size of the Indian non-solar high-capacity inverter market was over $391 million in the year 2021, and it will reach more than $760 million by 2030, advancing at a growth rate of 7.7%.
This is credited to the snowballing requirement for power backup solutions in industrial, commercial, and residential areas, accompanied by the increasing need for inverters in the tier II and tier III cities of the country.
