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The Bureau of Energy Efficiency (BEE), a part of the Ministry of Power in India, has recently introduced a Standards and Labeling Program specifically for Grid-Connected Solar Inverters. This new initiative, unveiled by Union Power and New & Renewable Energy Minister Shri R. K. Singh, in New Delhi, aims to guide consumers towards making more informed choices regarding the energy efficiency and overall performance of solar inverters. By doing so, the program not only seeks to promote energy conservation and reduce electricity consumption but also supports India’s transition to more sustainable energy solutions.
The program, which is set to operate on a voluntary basis until the end of December 2025, focuses on grid-connected solar inverters without storage, with a maximum capacity of 100 kW. To qualify, the inverters must be BIS-certified and adhere to the safety standard IS 16221-2:2015. The labeling criteria are based on the minimum overall efficiency standards established by IS 17980:2022 / IEC 62891:2020, subject to amendments.
During the launch, Shri R. K. Singh highlighted the significant impact of the Standards and Labeling Programs by the BEE on reducing carbon dioxide emissions, amounting to a decrease of 60 million tonnes per annum. He underscored the importance of such initiatives in ensuring product quality, saving costs, and enhancing global competitiveness of Indian products. The minister also pointed to the potential of the new program to complement the government’s rooftop solar initiative, notably boosted by the PM-Surya Ghar: Muft Bijli Yojana, which has already contributed to substantial reductions in transmission and distribution losses and carbon emissions.
India’s solar inverter market is witnessing robust growth, with the grid-connected segment leading the way. According to the latest market assessment by the Bureau of Energy Efficiency (BEE), the overall market size for solar inverters was approximately 2,520 MW in the fiscal year 2022-23, with grid-connected solar inverters accounting for 80% of the total market share. This dominance underscores the crucial role these inverters play in the country’s shift towards renewable energy sources.
The market is on an upward trajectory, anticipated to reach a value of Rs. 9,352 crores by 2026. This growth represents a compound annual growth rate (CAGR) of 14.4% from 2020 to 2026, reflecting increasing investments and the expanding adoption of solar energy solutions across the nation.
BEE’s detailed market analysis reveals a significant preference for solar inverters with a rated output power capacity ranging from 1 kW to 10 kW, which hold nearly 63% of the grid-connected solar inverter market. Meanwhile, inverters with a capacity of 11 kW to 20 kW account for 13% of the market, and those with more than 20 kW capacity make up 24%. This distribution indicates a diverse demand for solar inverters, catering to various applications from residential to larger commercial and industrial installations.
The addition of grid-connected solar inverters to the BEE’s Standards and Labeling Program is expected to bring about significant energy savings and further reduce carbon dioxide emissions, marking a crucial step towards achieving a more sustainable and energy-efficient future for India. |
