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Daily News Wrap-Up: Leading Solar Inverter Suppliers in 2023

MNRE clarifies applicability of ALMM order for solar projects

May 22, 2024

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Sungrow Power Supply (Sungrow), FIMER India (ABB), Sineng Electric, TBEA Energy India, and Ginlong (Solis) Technologies were the leading inverter suppliers in India for the calendar year (CY) 2023, according to Mercom’s recently released India Solar Market Leaderboard 2024. Sungrow was the top solar inverter supplier in CY 2023, garnering a 32% market share. FIMER India and Sineng Electric followed with 17% and 16%, respectively. TBEA Energy India and Ginlong (Solis) Technologies ranked fourth and fifth, accounting for 12% and 5% of the total market share, respectively.

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