India Solar Market Leaderboard 2024

Executive Summary

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Key Findings
❑ The top 10 developers accounted for 88.2% of all utility-scale solar project installations in the
calendar year (CY) 2023.

❑ Adani Green Energy was the developer with the most utility-scale solar installations in CY
2023.

❑ Tata Power Solar was the largest rooftop solar installer. Top 10 installers accounted for
55.7% of all rooftop solar additions in CY 2023.

❑ O2 Power was the leading solar open access developer in CY 2023.

❑ In CY 2023, Oriano was the top EPC company. The top 10 EPC companies contributed to
85% of the large-scale solar projects commissioned during the year.

❑ Jinko Solar led solar module shipments to India during the year. The top ten module suppliers
accounted for nearly 73% of the shipments in CY2023.

❑ Sungrow Power Supply was the leading central inverter supplier in CY 2023. TBEA Energy
India topped the string inverter shipments.

❑ Goodluck India was the top solar module mounting structure supplier, and Arctech was the
leading solar tracker supplier in CY 2023.

❑ Aegeus Technologies led the robotic module cleaning equipment supplies in CY 2023.

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 India Solar Market Leaderboard 2024
Mercom India’s India Solar Market Leaderboard 2024 provides the
most comprehensive information on the market leaders and
The report includes:
competitive landscape in the Indian solar sector.
• Top Utility-Scale Solar Developers
• Top Rooftop Solar Developers
The report delivers high-quality research and analysis, facts, and • Top Large-Scale Solar EPC
figures, about the top players in the Indian solar sector for global solar Companies
• Top Solar Inverter Suppliers
professionals. • Top Solar Module Suppliers
• Top Solar Module and Cell
The report offers details such as market share rankings for the year Manufacturers
• Top Solar Tracker Suppliers
and cumulative, total installations by developers, installers, and EPCs, • Top Solar Module Mounting Structure
shipments by top players, and more. Suppliers
• Top Open Access Solar Developers
Click here for more information or to receive a copy of • Top Robotic Solar Module Cleaning
Equipment Suppliers
the India Solar Market Leaderboard 2024

Who Needs to Purchase this Report?

• Project Developers • EPC Companies • Investors, Banks, and Financial Institutions
• Component Manufacturers • BOS Suppliers • Installers
• Utility/IPPs • Investment Firms/Funds • Foreign Entrants

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