インドのグリッド形成インバータ市場：動作モード・定格電力・用途・地域別の機会および予測 (2019-2033年)

インドのグリッド形成インバータの市場規模は、予測期間中にCAGR 9.87％で推移し、2025年の7,818万米ドルから、2033年には1億6,602万米ドルに成長すると予測されています。

グリッド形成インバータ市場は、近年著しい成長を遂げています。これは、エネルギーミックスにおける再生可能エネルギー部門の拡大が起因しており、グリッドの信頼性を維持するために、人工慣性やFFR (高速周波数応答) を提供できる技術の導入が求められているためです。また、インド政府はグリーンエネルギー回廊の整備や電力系統の近代化への投資を優先事項として掲げており、電力変動を制御しグリッドのレジリエンスを強化できる高度なインバータの導入が進むことで、今後グリッド形成インバータ市場の成長が期待されています。さらに、グリッド形成インバータは、再生可能エネルギーをバッテリーエネルギーシステム（BES）に統合・送電する上で重要な役割を果たしており、その需要を押し上げています。

さらに、分散型エネルギーシステムの導入が進んでいることや、太陽光発電と蓄電池を組み合わせたマイクログリッドやハイブリッドプロジェクトの増加により、高効率なグリッド形成インバータの需要が高まっています。加えて、スマートシティミッションや、複数の州で進行中の大規模な太陽光発電プロジェクトといった政府主導の取り組みも、グリッド形成インバータの需要拡大を一層際立たせています。さらに、エネルギー貯蔵設備への投資の増加もグリッドフォーミングインバータの統合を促進する要因となっています。

当レポートでは、インドのグリッド形成インバータの市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分別の詳細分析、ケーススタディ、市場成長への影響因子の分析、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 顧客の声

• 購入決定時に考慮される要素
  • グリッド形成能力とパフォーマンス
  • 運用と統合に関する考慮事項
  • 価格
  • アフターサポート

第6章 インドのグリッド形成インバータ市場の展望

• 市場規模の分析・予測
• 市場シェアの分析・予測
  • 動作モード別
    • ドループ制御
    • 階層的制御
    • 仮想同期
  • 出力定格別
    • 50KW未満
    • 50～100kW
    • 100KW超
  • 用途別
    • マイクログリッド
    • 大規模グリッド
    • 再生可能エネルギーの統合
    • エネルギー貯蔵システム
  • 地域別
    • 北部
    • 南部
    • 東部
    • 西部・中央部
  • 企業シェア分析（上位5社およびその他）
• 市場マップ分析

第7章 輸出入分析

第8章 バリューチェーン分析

第9章 ポーターのファイブフォース分析

第10章 PESTLE分析

第11章 価格分析

第12章 市場力学

• 市場促進要因
• 市場の課題

第13章 市場動向と発展

第14章 政策と規制状況

第15章 競合情勢

• 上位5社の競合マトリックス
• 上位5社のSWOT分析
• 上位8社の情勢
  • SMA Solar India Private Limited
  • Siemens Energy Limited
  • ABB India Limited
  • Schneider Electric India Private Limited
  • Ksolare Energy Private Limited
  • Sungrow Power Supply Co., Limited
  • Hitachi Hi-Rel Power Electronics Private Limited
  • Numax Energy Solutions Limited

第16章 戦略的提言

第17章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Grid-Forming Inverters Market, By Value, In USD Million, FY2019-FY2033F
• Figure 2. India Grid-Forming Inverters Market, By Volume, In Thousand Units, FY2019-FY2033F
• Figure 3. India Grid-Forming Inverters Market Share (%), By Operating Mode, FY2019-FY2033F
• Figure 4. India Grid-Forming Inverters Market Share (%), By Power Rating, FY2019-FY2033F
• Figure 5. India Grid-Forming Inverters Market Share (%), By Application, FY2019-FY2033F
• Figure 6. India Grid-Forming Inverters Market Share (%), By Region, FY2019-FY2033F
• Figure 7. By Operating Mode Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 8. By Power Rating Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 9. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 10. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2025

India grid-forming inverters market is projected to witness a CAGR of 9.87% during the forecast period FY2026- FY2033F, growing from USD 78.18 million in FY2025 to USD 166.02 million in FY2033. The grid-forming inverter market has experienced significant growth in recent years due to the growing penetration of renewable energy in the energy mix which necessitates the deployment of technologies which could provide synthetic inertia and fast frequency response to maintain grid reliability. In addition, the Indian government is prioritizing establishing green energy corridors and grid modernization investment which would support the growth of advanced inverters that can manage power fluctuations and enhance grid resilience, thereby creating a grid-forming inverter market opportunity in the coming years. Moreover, grid-forming inverters help in integrating and transmitting of renewable energy in the battery energy systems which drive its demand in the market.

Furthermore, rising adoption of decentralized energy systems and rising solar-plus-storage microgrids and hybrid projects driving the demand for efficient grid-forming inverter solutions in the market. In addition, rising government initiatives such as Smart Cities Mission and large-scale solar projects in several states further highlight the growing demand for grid-forming inverters. Additionally, rising investment in the energy storage plant further boosts the integration of grid-forming inverters in the market.

As of March 2025, India's installed renewable capacity reached to 220.10 GW, which comprises of both solar and wind energy. With the government incentives and sustainable goal, India is scaling up the solar and wind capacity at a rapid rate. This development will increase the demand of grid-forming inverters in the market.

Inclination Towards Urbanization and Smart Cities Propelling the Market Growth

With the rise in urbanization in the country, a corresponding rise in energy demand is expected in the coming years. The country is encountering population growth, industrialization, and commercialization which is resulting in excessive usage of renewable energy. Additionally, increasing energy demands, decarbonization targets, and the demand for resilient power infrastructure caused the increasing need for utility grid-forming inverters. Grid-forming inverters help deal with the enhanced requirement by feeding supplied energy stored up and maintaining an assured supply power. Additionally, the country is looking to upgrade grids which could tolerate variance linked to green energy resources and maintain stable supply power against poor or weak grid conditions.

Smart city development entails the integration of innovative technology into power infrastructure to make the sector more efficient and sustainable. IoT-enabled smart inverter innovations improve real-time grid management, which is in line with the digital transformation of smart cities. The grid-forming inverters also facilitate improved energy resource management, enhance demand response, and facilitate electric vehicle (EV) charging infrastructure in the nation. Grid-forming inverter integration into the utility system is important to help meet the aims of smart city projects, therefore increasing its demand in the market. Moreover, large utility companies in the country are looking to invest in renewable energy generation which boosts the demand for grid forming inverters in the market.

For instance, in February 2025, Indian state-owned power company National Thermal Power Corporation (NTPC) announced its plan to invest around USD 23.07 billion in renewable energy projects such as solar, wind, pumped hydro, and other carbon-neutral sectors in Madhya Pradesh. This development highlights the rising investment in renewable energy which drive the demand for grid-forming inverters in the market.

Rapid Growth of Renewable Energy Integration Creates Market Opportunity

The growing investment towards renewable energy integration projects in India creates an opportunity for grid-forming inverter market growth. The country is looking to increase the share of renewable energy in the energy mix and create ambitious clean energy targets which drive the demand for grid-forming inverters in the energy sector. Innovative technologies are required for proper integration of renewable energy sources in the grid which could increase the efficiency of the grid. Grid-forming inverters assist in the integration of renewable energy sources in the grid and help in overcoming the issues related to unstable voltage and frequency of the renewable energy sources.

In addition, the country is looking for the adoption of decentralized renewable energy systems such as solar and hybrid renewable energy projects with battery storage, which will increase the demand for grid-forming inverters market size in the forecast period. In addition, the Indian government is investing in new renewable energy power plants and modernizing the grid infrastructure which supports the growth of grid-forming inverters, thereby creating market opportunity in the coming years. Moreover, grid-forming inverters will play a significant role in integrating battery systems with renewables which creates upward momentum in the market.

For instance, as of June 2024, India was gearing up for a major investment influx in the energy storage and advanced battery sector with over USD 232 million expected channelized into various smart projects thereby driving the demand for grid-forming inverters in the coming years.

Droop Control to Dominate the India Market

The droop control segment experienced a high adoption rate in the forecast period due to rising investment in the energy control system which makes the segment dominate the market. The droop control is able to regulate grid voltage and frequency which makes the technology essential for managing and integrating renewable energy sources into the electric grid. Furthermore, the increasing penetration of intermittent renewable energy sources in the energy sector has created a need for technologies in the forecast period. The rise of decentralized energy systems and microgrids, especially in regions with weak or underdeveloped grids which require a grid for maintaining stability and reliability thus creating the opportunity for droop control grid-forming inverters in the market.

Furthermore, droop control is a well-established method with extensive field validation in multi-inverter setups. Droop control allows seamless integration with existing grid infrastructure which drives its demand in the market.

West and Central Region Leads the Grid-Forming Inverters Market Share in India

In India, the west and central region is dominating the renewable projects, which led to the dominance of west and central region in the grid-Forming inverter market. The is high penetration of the solar projects in the region which makes it ideal for renewable energy generation. States like Rajasthan, Gujarat and Maharashtra are contributing the highest due to the high solar project setup. Furthermore, the state governments provide various incentives such as subsidies, tax incentives, and net metering policies which increase the economic feasibility of solar installations in the region. In addition, western India has witnessed high investment in utility-scale solar projects like the Rajasthan-based Bhadla Solar Park and solar farms in Gujarat. Grid-forming inverters are necessary in these large-scale applications to ensure a stable power supply and grid connection.

For instance, in January 2024, Asian Development Bank (ADB) and SAEL industries Limited has signed a loan of USD 147 million for the development of 400-megwatt solar power plant in Gujarat. The investment is made through the subsidiary and support the country's aim towards the clean energy and carbon emission target.

Future Market Scenario (FY2026 - FY2033F)

The push towards advanced solar and wind technologies is significant trend which drives the demand for the grid-forming inverters market.

Government policies aimed at promoting renewable energy production are set to boost the demand for grid-forming inverters in the country.

Integration of renewable energy sources in large-scale power plants creates the opportunity for grid-forming inverters market growth in coming years.

Grid-forming inverters align with government goals regarding energy efficiency and sustainability energy policies which drive its market in the forecast period.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of grid-forming inverters, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for the integration of renewable energy and automation in the industrial sector. Grid-Forming Inverters players are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customer

• 5.1. Factors Considered in Purchase Decisions
  • 5.1.1. Grid-Forming Capabilities and Performance
  • 5.1.2. Operational and Integration Considerations
  • 5.1.3. Price
  • 5.1.4. After-Sales Support

6. India Grid-Forming Inverters Market Outlook, FY2019-FY2033F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Operating Mode
    • 6.2.1.1. Droop Control
    • 6.2.1.2. Hierarchical Control
    • 6.2.1.3. Virtual Synchronous
  • 6.2.2. By Power Rating
    • 6.2.2.1. Below 50 KW
    • 6.2.2.2. 50-100 KW
    • 6.2.2.3. Above 100 KW
  • 6.2.3. By Application
    • 6.2.3.1. Microgrids
    • 6.2.3.2. Large Scale Grids
    • 6.2.3.3. Renewable Energy Integration
    • 6.2.3.4. Energy Storage Systems
  • 6.2.4. By Region
    • 6.2.4.1. North
    • 6.2.4.2. South
    • 6.2.4.3. East
    • 6.2.4.4. West and Central
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2025)
• 6.3. Market Map Analysis, FY2025
  • 6.3.1. By Operating Mode
  • 6.3.2. By Power Rating
  • 6.3.3. By Application
  • 6.3.4. By Region

All segments will be provided for all regions covered

7. Import and Export Analysis

8. Value Chain Analysis

9. Porter's Five Forces Analysis

10. PESTLE Analysis

11. Pricing Analysis

12. Market Dynamics

• 12.1. Market Drivers
• 12.2. Market Challenges

13. Market Trends and Developments

14. Policies and Regulatory Landscape

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 8 Market Players
  • 15.3.1. SMA Solar India Private Limited
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. Siemens Energy Limited
  • 15.3.3. ABB India Limited
  • 15.3.4. Schneider Electric India Private Limited
  • 15.3.5. Ksolare Energy Private Limited
  • 15.3.6. Sungrow Power Supply Co., Limited
  • 15.3.7. Hitachi Hi-Rel Power Electronics Private Limited
  • 15.3.8. Numax Energy Solutions Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer