LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

The top three suppliers accounted for 33% of the total market share in 2020


In the calendar year (CY) 2020, the top ten module suppliers accounted for nearly 68% of the market share. LONGi Solar, Jinko Solar, and Adani Solar were the top three module suppliers to the Indian solar market in 2020 with 13%, 11%, and 9% of the market share, respectively, according to Mercom’s recently released report India Solar Market Leaderboard 2021.

Mercom’s latest report provides insight into the industry leaders’ market share and shipment rankings across the Indian solar supply chain.

The top three module suppliers accounted for 33% of the total market share. Adani Solar, Waaree, Vikram Solar, and RenewSys were the Indian players in the top 10 list.

LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

LONGi Solar registered the biggest jump in growth compared to 2019 and climbed from the eighth position in 2019 to settle at the first spot in 2020.

In 2020, module imports were affected negatively because of the impact of the Covid-19 pandemic and travel restrictions. However, the top 10 module suppliers delivered over 7 GW of modules to the Indian solar market in 2020.

According to the report, polycrystalline modules led the way with over 59% of the total modules supplied to the country, while mono modules constituted 41% of the overall supply of modules.

The government is bringing in initiatives to promote domestic manufacturing that can compete with the Chinese supplies.

Recently, the President of India approved the production-linked incentive (PLI) program, which aims to promote the manufacturing of high-efficiency solar PV modules in India and reduce dependence on imports. Manufacturers propose setting up a fully integrated solar manufacturing plant using silicon-based technology (starting from the stage of manufacturing of polysilicon to ingot/wafer to solar cell and module) or fully integrated thin-film technology or any other technology will get preference.

Waaree, Adani Solar, and Risen Energy had emerged as the top three suppliers of solar modules in India in terms of shipments in CY 2019. The three manufacturers had accounted for approximately 25% of the total market share.

A complete list of module suppliers and their market share is available through Mercom’s India Solar Market Share Tracker.