Indian power inverter market stood at a value of USD 5.52 billion in the year 2024 and is expected to reach USD 19.39 billion by the year 2034 with a CAGR of 15% in the 2025-2034 period. Rising demand for high-capacity inverters along with technological advancements are fuelling the growth of the Indian power inverter industry. Increased rural electrification is also leading to demand for inverters in rural areas, thereby positively impacting the inverter market. Power inverters convert direct current into alternating current and ensure seamless supply of electricity to gadgets and equipment. They are designed to handle high power requirements in residential, commercial and utility sectors. Here is a list of the top 10 inverter companies in India for the year 2025.
1. Luminous Power Technologies
Luminous Power Technologies, established in the year 1988, manufactures a wide range of products in the power backup and residential solar segment. It offers both high-capacity inverters in the range of 2 KVA to 10 KVA for heavy duty and sensitive appliances in residential and commercial spaces, and home inverters. The inverters are compatible with all battery types, such as tubular, SMF and flat. Apart from inverter units, the company also provides BIS certified batteries for home inverters.
Luminous operates 7 manufacturing facilities and has over 28 sales offices in India. The company is also present in 36 countries worldwide.
2. Demuda Optoelectronics Company Limited
Demuda Optoelectronics Company Limited, established in the year 2003, is a Chinese company specialising in solar inverters and other solar products with a presence in over 150 countries, including India. Its portfolio of solar inverters includes pure sine wave solar inverters, modified sine wave power inverters, off-grid solar pure sine wave inverters, hybrid solar power inverters and micro inverters. Other products in its offerings include solar panels, portable power stations and batteries.
Demuda has extensive research and development capabilities. Each of its inverter units and other products pass through 38 quality inspections.
3. Microtek
Microtek, founded in the year 1988, has 37 years of experience in manufacturing a wide range of technologically advanced products in various segments, such as power backup, solar and electrical solutions. It offers a wide range of home inverters equipped with pure sine wave and digital and sine wave technology in the range of 700 VA to 2000 VA. The inverter portfolio also includes high-capacity or jumbo inverters in the range of 2 KVA to 9 KVA for powering heavy-duty appliances.
Microtek has 4 manufacturing facilities in India. It is present in 29 countries across the world, apart from India.
4. Exide Industries
Exide Industries started operations in the year 1947 and is among the largest producers of lead acid storage batteries in India. However, it is also a major manufacturer of home inverters, offering three state-of-the-art models suited for multiple load requirements, operating conditions, applications and budgets. The inverters feature pure sine wave technology, square wave technology, 90-300 input mains voltage and LCD/LED panels.
Exide operates 10 manufacturing facilities across India with 2 factories dedicated to the manufacturing of home inverter systems.
5. Livguard
Livguard, a brand of the SAR Group established in the year 1988, offers a wide range of energy storage products, including inverters, automotive batteries and residential solar solutions. Its range of inverters are available in the 600 VA-1500 VA range and are equipped with a number of features, such as 20A charging current to charge the batteries quickly, SuperTuff 3D grid technology for longer life and power backup, and artificial intelligent charging.
Livguard has a network of over 30,000 dealers across India. The company is also present in over 35 countries.
6. Su-Kam Power Systems Limited
Su-Kam Power Systems Limited, founded in the year 1988, features among the leading players in the power solutions market. It manufactures a wide range of products in various categories, including inverters, solar panels and batteries. The company is credited with the development of first sine wave UPS which provides high-quality power without the humming sound produced by traditional UPS units. Other types of inverters in its portfolio include HUPS square wave inverters, DSP sine wave inverters and Intelli-Q inverters for sensitive equipment.
Su-Kam holds more than 100 patents and exports its products to more than 100 countries. The company has several awards and recognitions to its credit.
7. V-Guard
V-Guard started in the year 1977 as a manufacturing company for voltage stabilizers but soon diversified into a number of other power products, such as inverters, inverter batteries, electric water heaters, solar water heaters, pumps, wiring cables and more. Some of the major features of the inverters manufactured by the company include digital controller based design for pure sinewave output, selectable charging modes for different battery types, solar panel compatibility and voice control using Google Assistant and Alexa.
8. Genus Innovation Limited
Genus Innovation, established in the year 1998 as a part of the Kailash Group, designs, develops and manufactures a wide range of products, such as inverters, batteries, solar panels and more. Its high-capacity inverters run on DSP chips and are equipped with Auto Sense Intelligent Control technology which enhances battery life and facilitates noiseless operation. The company operates two manufacturing facilities in India.
9. Okaya Power Group
Okaya Power Group, established in year 1985, provides a wide range of power solutions for various applications, including inverters/UPS. Its home inverters/UPS are available in 600 VA-1600 VA range and are equipped with Smart Wave and Ultra Pure technologies. The company also manufactures high-capacity inverters/UPS in the range of 2000 VA to 5200 VA.
10. Delta Electronics
Delta Electronics, founded in the year 1971, is a Taiwanese company with global reach, including India. It is known for its energy efficient power products, including PV inverters with 99.2% efficiency. The high efficiency inverters are designed to operate in economy mode to optimise the energy efficiency of the establishment and also protect the auxiliary AC-powered systems from fluctuations.
Conclusion
Leading inverter manufacturers in India are constantly coming up with newer technologies and features. Moreover, consumers are increasingly opting for smart power inverters that deliver energy more efficiently. Both factors are playing an important role in the growth of inverter market in India.
