1. Executive Summary 1.1 Indian Economy Snapshot 1.2 Market Overview 1.3 Research Scope and Objectives 1.

4 Competitive Analysis 1.5 Major Research Findings 1.6 Conclusion 2. Total Indian Power Inverter Market 2.1 Market Overview and Definitions 2.2 Market Engineering Measurement Analysis 2.3 Industry Challenges 2.4 Market Drivers and Restraints 2.5 Total Market Analysis 2.6 Demand Analysis 2.7 Market and Technology Trends 2.8 Pricing Trends 2.9 Market Share Analysis 2.10 Distribution Channel Analysis 2.11 End-user Analysis 2.12 Conclusion and Recommendations 3. Less-than-1 kVA Power Inverter Market 3.1 Market Overview 3.2 Market Engineering Measurement Analysis 3.3 Market Drivers and Restraints 3.4 Revenue Forecasts 3.5 Demand Analysis 3.6 Distribution Channel Analysis 4. 1-5 kVA Power Inverter Market 4.1 Market Overview 4.2 Market Engineering Measurement Analysis 4.3 Market Drivers and Restraints 4.4 Revenue Forecasts 4.5 Demand Analysis 4.6 Distribution Channel Analysis 5. 5.1-30 kVA Power Inverter Market 5.1 Market Overview 5.2 Market Engineering Measurement Analysis 5.3 Market Drivers and Restraints

5.4 Revenue Forecasts 5.5 Demand Analysis 5.6 Distribution Channel Analysis 6. More-than-30 kVA Power Inverter Market 6.1 Market Overview 6.2 Market Engineering Measurement Analysis 6.3 Market Drivers and Restraints 6.4 Revenue Forecasts 6.5 Demand Analysis 6.6 Distribution Channel Analysis 7. Appendix 7.1 Abbreviation 7.2 Glossary List of Figures : Total Power Inverter Market: Total Market Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: Percent of Revenues by Power Ranges (India), 2006-07 to 2016-17 Total Power Inverter Market: Percent of Revenues by Distribution Channel (India), 2006-07 to 2016-17 Total Power Inverter Market: Percent of Revenues by End User type (India), 2009-10 Total Power Inverter Market: Less-than-1 kVA, Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: 1-5 kVA, Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: 5.1-30 kVA, Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: More-than-30 kVA, Revenue Forecasts (India), 2006-07 to 2016-17 List Of Charts: Total Power Inverter Market: Foreign Direct Investment Inflows (India), 2005-06 to 2009-10 Total Power Inverter Market: GDP Growth Rate (India), 2005-06 to 2009-10 Total Power Inverter Market: Total Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: Market Engineering Measurement (India), 2009-10 Total Power Inverter Market: Revenue Split by Power Range (India), 2009-10 Total Power Inverter Market: Market Share by Revenues (India), 2009-10 Total Power Inverter Market: Revenue by Distribution Channel (India), 2009-10 Total Power Inverter Market: Revenue by End-Users (India), 2009-10 Total Power Inverter Market: Less-than-1kVA, Market Engineering Measurement, 2009-10 Total Power Inverter Market: Less-than-1 kVA Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: 1-5kVA, Market Engineering Measurement, 2009-10 Total Power Inverter Market: 1-5 kVA Revenue Forecasts (India), 2006-07 to 2016-17

Total Power Inverter Market: 5.1-30kVA, Market Engineering Measurement, 2009-10 Total Power Inverter Market: 5.1-30 kVA Revenue Forecasts (India), 2006-07 to 2016-17 Total Power Inverter Market: 5.1-30kVA, Market Engineering Measurement, 2009-10 Total Power Inverter Market: More-than-30 kVA Revenue Forecasts (India), 2006-07 to 2016-17

Indian Power Inverter Market Frost & Sullivan, Dec 2010, Pages: 108 Description Table of Contents Enquire before Buying
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The Indian Power Inverter market is a highly competitive, fragmented, and growing one with several organized and unorganized suppliers competing for space. A large number of suppliers operate in the market, primarily in the Less-than-1kVA and, to some extent, in the 1-5kVA segment. Several consumer durables suppliers have entered the market during the last few years, primarily due to the robust demand in the domestic/SOHO segments. This research service titled Indian Power Inverter Market highlights opportunities and industry challenges present in the Indian power inverter market. The study assesses the competitive landscape and analyses market shares of major suppliers at an overall level. Market Overview The Indian Power Inverter Market Expected to Experience Double-digit Growth Rates till 2017 The increased purchasing power of the Indian consumers has paved the way for the power inverter market in the country to grow. Inverters that were initially used to only fulfill the primary demands such as powering a few fans and lights are now being used to run desktops, air conditioners, and many other household appliances during power cuts. As a result, the Indian power inverter market is expected to witness robust growth up to 2016-17. Highly competitive, fragmented, and growing with several organized and unorganized suppliers, the Indian power inverter market is projected to exhibit doubledigit growth rates during the forecast period of 2011-2017, says the analyst of this research service. Along with the commercial and industrial sectors, steady demand is expected from the domestic, small office home office (SOHO)/ small and medium enterprise (SME) segments, which are likely to be the main end-user markets.

The key differentiating factors among the market participants are price, after-sales service, and availability across the country. The major challenges for the industry are price pressure, inferior quality of battery used, lack of technological innovation, and underrated inverters of some suppliers. There is a considerable amount of price pressure in the power inverter market, observes the analyst. The presence of a large number of unorganized suppliers with lower priced product offerings compared to several organized inverter suppliers has resulted in stiff competition in the domestic/SOHO segments, especially in the less-than-1 kVA and 1-5 kVA segment. The organized inverter suppliers are targeting new end-user market segments to reduce the competition they face from the unorganized suppliers, thereby increasing their margins, which have taken a hit. Overall, the market holds great potential considering the increasing power deficit throughout the country, burgeoning demand from customers, and frequent planned and unplanned power cuts across most of the states. The demand for power inverters is expected to be robust especially from the rural and semi-urban areas due to power cuts and load shedding, sums up the analyst. Quality and reliable products at a competitive price made available through a wide distribution network and backed up by prompt service support will be the key to success. Market Sectors Expert analysts thoroughly examine the following market sectors in this research: By Inverter Power Range: - Less than 1 kVA - 1-5 kVA - 5.1-30 kVA - More than 30 kVA

2.Power Backup Market in India 2010

3. Date: Feb, 2010 Pages: 26 Price: US$ 475.00 Publisher: Netscribes (India) Pvt. Ltd. Report type: Brief Review Formats of Delivery: E-mail Delivery (PDF) ID: PC233F82B90EN 4. Download PDF Leaflet

6. 8. 9. 10. Power backup market in India is growing at an annual rate of 15-20% varying within the three different segments. With increasing power deficit and about 17% of demand supply gap in power generation, the power backup sector is crucial for business continuity of Indian corporates. The report begins with an introduction to the power backup market covering the segmentation of market based on end-user and product. The overview section covers the market size and growth rates of each segment namely generators, UPS and inverters. It also includes figures for the share of various sub-segments, the price of products in these segments and the export and import figures for each segment. An analysis of the drivers explains factors contributing to the growth of the power backup market based chronic power deficit and widening supply-demand gap, demand from the telecom sector and growth in desktop user base. The key challenges discussed are increasing cost of raw materials, competition from the unorganised sector and the lack of consumer awareness. Competition section provides the details of major players including their sales, market share and revenues. The profiles of major players are also provided along with private equity investments and key developments in the industry. 11. Contents 12. Page 1: Executive Summary MARKET OVERVIEW Page 2: Market size segment-wise Page 3: Market Segmentation - End-user based Page 4: Market Segmentation - Product based SEGMENTS Page 5: Generator Market Overview, Size and Growth, Segment Share, Product Pricing Page 6: UPS market overview - Overview, Size and Growth, Segment Share, Product Pricing Page 7: Inverter market overview - Overview, Size and Growth, Segment Share, Product Pricing

Page 8: Export and Import data: Generators and Inverter DRIVERS & CHALLENGES Page 9: Summary Page 10-11: Drivers Page 12-13: Challenges COMPETITION Page 14: Generator competition - Overview Page 15: UPS competition - Overview Page 16: Inverter competition - Overview Page 17-24: Profiles of major players - Overview
13. PV Inverter Market to Fall Below $6bn in 2011, But Exceed $10bn by 2015 Despite the analyst firm predicting global installations to grow this year, inventory overhang from 2010 and high price pressure will drive industry revenues down this year the report reveals. IMS Researchs report The World Market for PV Inverters which relies on revenue and shipment data from more than 100 suppliers revealed a very mixed outlook for the PV inverter industry this year. We predict that installations will grow by 16% in 2011, driven by demand in Asia and Americas, however shipments of PV inverters will in fact fall by around 5% due to the oversupply into the market towards the end of 2010. In addition, both like-for-like and average prices will fall resulting in a decline in industry revenues, commented Ash Sharma, Senior Research Director for PV at IMS Research and co-author of the reports 4th edition. Suppliers of inverters have faced intense pricing pressure in 1H11 and like-for-like prices have fallen already by 10-15% in some cases, Some major suppliers have made even steeper cuts particularly in emerging markets to buy market share. However product mix change caused by new markets gaining share, introductions of new models, such as those with reactive power capability, and shifts in some segments to smaller inverters will help maintain average prices. added Sharma. As such the research firms report predicts that overall inverter prices will fall by only 8% in 2011. Despite the outlook for industry revenues looking bleak, it is not all bad news according the report and industry revenues in 2011 will still be significantly higher than 2009. 2011 will still be a good year for the PV inverter industry, but of course not so good when compared to the phenomenal 2010. Shipments will still exceed 20 GW again and revenues around $6bn more than double the amount generated back in 2009, commented Sharma. Whilst total PV inverter industry revenues may fall this year, major growth opportunities are still possible for some suppliers: Despite a major slowdown in some European markets in 2011, we predict robust growth in many Asian countries as well as the USA which will benefit some suppliers more than others. Furthermore were forecasting excellent growth for large inverters used in MW-scale installations as well as small 3-phase string inverters for commercial applications commented Sharma. Small 3-phase string inverters grew by a massive 560% in 2010 driven by high demand in commercial systems due to their ease of installations and

scalability. Their penetration is forecast to increase further in almost every geographic market, concluded Sharma. Although it predicts industry revenues will decline this year, the report from IMS Research shows a very positive long-term outlook for the industry with revenues exceeding $10bn by 2015.

14. Small and medium enterprises (also SMEs, small and medium businesses, SMBs, and variations thereof) are companies whose headcount or turnover falls below certain limits.

15.

International usage

16. The abbreviation SME occurs commonly in the European Union and in international organizations, such as the World Bank, the United Nations and the WTO. The term small and medium businesses or SMBs is predominantly used in the USA. 17. EU Member States traditionally have their own definition of what constitutes an SME, for example the traditional definition in Germany had a limit of 255 employees, while, for example, in Belgium it could have been 100. But now the EU has started to standardize the concept. Its current definition categorizes companies with fewer than 10 employees as "micro", those with fewer than 50 employees as "small", and those with fewer than 250 as "medium".[1] By contrast, in the United States, when small business is defined by the number of employees, it often refers to those with fewer than 100 employees, while medium-sized business often refers to those with fewer than 500 employees. 18. Both the US and the EU generally use the same threshold of fewer than 10 employees for small offices (SOHO). 19. In most economies, smaller enterprises are much greater in number. In many sectors, SMEs are also responsible for driving innovation and competition. 20. In India, the Micro and Small Enterprises (MSEs) sector plays a pivotal role in the overall industrial economy of the country. It is estimated that in terms of value, the sector accounts for about 39% of the manufacturing output and around 33% of the total export of the country. Further, in recent years the MSE sector has consistently registered higher growth rate compared to the overall industrial sector. The major advantage of the sector is its employment potential at low capital cost. As per available statistics, this sector employs an estimated 31 million persons spread over 12.8 million enterprises and the labour intensity in the MSE sector is estimated to be almost 4 times higher than the large enterprises.[2] 21. In South Africa the term is SMME for Small, Medium and Micro Enterprises. Elsewhere in Africa, MSME is used for Micro, Small and Medium Enterprises. 22. Industry Canada defines a small business as one that has fewer than 100 employees (if the business is a goods-producing business) or fewer than 50 employees (if the business is a service-based business), and a medium-sized business as fewer than 500. In New Zealand a SME has to be 19 people or fewer. uture of Indian Solar PV Industry Date Published: 25 Jan 2010

by Lakshman Rao R Sutrave, Senior Research Analyst Energy and Power Systems - South Asia and Middle East In recent times, India has been under the radar of western countries for its high and increasing greenhouse gas emissions. Thanks to increasing pressure from the West, the Indian Government is looking to explore opportunities in alternative energy to reduce greenhouse gases. While countries such as China and United States have ambitious targets to reduce greenhouse gases, India has just started laying foundation for reducing emissions. Due to increasing demand for electricity and widening gap between demand and supply, India has targeted 20GW of Solar Power by 2022 in its Jawaharlal Nehru National Solar Mission (JNNSM) Huge potential in the Indian Solar Power Industry: Even though wind technology is well established compared to Solar, there are a few limitations in deploying wind energy sources. Due to uncertain monsoon patterns and constraints in availability of Transmission and Distribution (T&D) networks near the site, penetration of wind energy has remained low to date. India a tropical country, on an average has 300 sunny days per year that can be used to efficiently harness solar power for a minimum of six hours per day. However, to date solar power potential has not been exploited to the fullest, mainly due to high CAPEX cost involved during installation of Solar Photovoltaic (PV) or Solar thermal systems. In the recent times, apart from Government entities several private and corporate firms have started showing interest in going green. Due to technical potential of 5,000 trillion kWh per year and minimum operating cost, Solar Power is considered the best suited energy source for India. Opportunities for Solar PV manufacturers in India: Indian Solar PV manufacturing sector is much bigger than the country's total installed capacity. The installed capacity of Solar Power in India was estimated between 100 and 120 MW as of 2009, whereas, the overall manufacturing capacity of Solar PV modules is close to 1,000 MW, ten times more than the cumulative installed capacity. While a few participants such as Bharat Heavy Electricals Ltd and Bharat Electronics Ltd cater to the demand from Government projects like remote electrification and so on, many other companies such as XL Telecom and Solar Semiconductor sell a major share of their products to export markets. Lucrative profits and huge order quantities in exports coupled with lack of attractive policies in domestic market historically made most of the private companies opt for export opportunities rather than cater to domestic needs. However, with the Government's initiatives, new schemes such as, Generation Based Incentive (GBI) and Semiconductor policy were announced, which have made the export oriented units look into domestic opportunities for long-term prospects. Many companies are bullish and proactively planning and implementing their expansion strategies. Creation of Fabcity in Hyderabad has made companies like Surana Ventures and Solar Semiconductor establish new facilities. New entrants like Signet Solar and Euro Multivision are also expected to establish huge facilities. Many states like Gujarat and West Bengal have introduced attractive state level policies for the Solar Power Industry. Considering the above mentioned factors, Frost & Sullivan expects the manufacturing capacity of Solar PV modules to grow at a rate of 20 to 25 percent up to 2015 from 1000 MW as of 2009.

Policy Initiatives and National Solar Mission: Since solar power is at the introductory stage of its life cycle, Government initiatives are expected to drive it until 2012. The Government of India realizing the need for alternate sources of energy other than coal and oil has introduced many schemes and incentives to support the growth of the Solar Energy Sector. Some remarkable policies and targets are:

11th five year plan targets 50 MW of grid interactive solar power by 2012, however, this target has been revised to 1000 MW by 2013 Power for all by 2012 20 GW of Solar Power by 2022 according to JNNSM Increasing domestic photovoltaic module production to 4 5 GW by 2020 according to JNNSM Achieving grid parity for solar power in 2020 according to JNNSM Funding of 20-25 percent of capital expenditure under the semiconductor policy Generation based incentive at a tariff rate of approximately INR 15 per kWh Fund allocation for R&D activities and rural electrification programs

Apart from the above, state level targets and schemes are also expected to benefit the solar power sector. Market Attractiveness: New entrants and existing PV suppliers in the Indian Solar Power industry have the following attractive parameters: Solar PV Manufacturers - With competition from local players and imported panels from China, the market will become very competitive for module manufacturers. However, by optimizing the costs, utilizing Government subsidies and selling panels at competitive prices, both locally and abroad, the returns are expected to be lucrative. Solar PV Installers - The choice for panels are multiple, with different technologies like monocrystalline/ polycrystalline/ thin-film, and a large number of suppliers are willing to offer lower prices. Availability of Balance of Systems such as batteries and invertors for Solar Power is currently a restraint with the optimal technology not readily available in India. The Return on Investment (RoI) for Mega Watt scale plants in India is around 6 years after availing Government incentives that makes it an ideal avenue for individuals or corporations with deep pockets and Corporate Social Responsibility (CSR) requirements. The only drawback is the excessive dependence on Government sources for revenues. With the JNNSM looking promising with lofty targets, a number of grid-connected and off-grid installations are expected to go online in the next 3-4 years. Solar Photovoltaic Market: Market Attractiveness Matrix (India), 2008

Issues of concern: The Government is striving to push the Solar Power industry to make India a global leader; however, initial challenges are inevitable. The first and the foremost challenge is the cost of installation of grid connected solar PV and thermal power plants: currently ten times the installation cost of coal-based power plants. Adding to the cost are T&D losses that at approximately 40 percent make generation through solar energy sources highly unfeasible. However, the Government is supporting R&D activities by establishing research centers and funding such initiatives. The Government has tied up with world-renowned universities to bring down the installation cost of solar power sources and is focusing on upgradation of substations and T&D lines to reduce T&D losses. Funding of initiatives like JNNSM is a constraint given India's inadequate financing capabilities. The finance ministry has explicitly raised concerns about funding an ambitious scheme like JNNSM. The state electricity boards, which are facing financial losses and who have framed their own policies should bear the cost of purchasing solar power at rate of INR 13-15 per kWh. Manufacturers are mostly focused on export markets that buy Solar PV cells and modules at higher prices thereby increasing their profits. Many new suppliers have tie-ups with foreign players in Europe and United States thereby prioritizing export demand However, the Government is exploring ways to overcome these challenges and deploy solar power at least as a modular source of Power. Conclusion:

Considering all the above Government initiatives and policies, manufacturers are bullish on the prospects of the solar power market. The first phase of JNNSM is considered to be of utmost importance, as it will form the foundation of the solar industry. The Government's effort to bring grid connected solar power into the commercial market has pushed many companies to become turnkey solution providers and solar farm operators. Rural electrification under the scheme of "Power for all by 2012" is an encouraging initiative for solar power system manufacturers. Private companies' support for achieving future targets is a necessity. Manufacturers should prioritize domestic demand over exports.