Mercom's India Solar Market Leaderboard 2025: Market Shares and Profiles
Mercom’s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year (CY) 2024. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
The report outlines significant changes in the market share of solar companies during CY 2024, driven by the reimposition of the Approved List of Models and Manufacturers (ALMM) order, which influenced supply dynamics in CY 2024. Additionally, domestic solar module manufacturers expanded their production capacity, further reshaping the competitive landscape.
In CY 2024, thirty companies entered the top ten rankings across various categories. These companies did not feature among the top ten in CY 2023, underscoring a highly competitive solar market with substantial opportunities for growth.
Also, our Market Share Tracker, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
- Top Utility-Scale Solar Developers
- Top Rooftop Solar Installers
- Top Large-Scale Solar EPC Companies
- Top Solar Inverter Suppliers
- Top Solar Module & Cell Suppliers
- Top Domestic Solar Module and Cell Manufacturers
- Top Solar Module and Cell Exporters
- Top Solar Tracker Suppliers
- Top Solar Module Mounting Structure Suppliers
- Top Open Access Solar Developers
- Top Robotic Solar Module Cleaning Equipment Suppliers
Companies covered in the report include:
Adani Green Energy | NTPC Renewable Energy | Avaada Energy | ReNew | JSW Energy | ACME Solar | SJVN Green Energy | Tata Power Company | Juniper Green Energy | NLC India Green Energy | O2 power | Ayana Renewable Power | Aditya Birla Renewables | Essel Saurya Urja Company of Rajasthan | Torrent Power | Azure Power | Shell | SAEL Industries | Tata Power Solar | Roofsol Energy | Mahindra Solarize | Amplus Solar | Kalpa Power | Evolve Solar | Hartek Group | Enerparc Energy | Orb Energy | B. U. Bhandari Energy | Fourth Partner Energy | CleanMax Enviro Energy | Sunsure Energy | Gensol Engineering | Candi Solar | Hinduja Renewables | AMPIN Energy Transition | Jakson Green | L&T Construction | Sterling and Wilson | Rays Power Infra | Prozeal Green Energy | Essens Renewable | InSolare Energy | Waaree Renewable Technologies | Vikram Solar | Bharat Heavy Electricals | Sungrow Power Supply | TBEA Energy India | Sineng Electric | FIMER India | Ginlong (Solis) Technologies | Growatt New Energy | SOFARSOLAR | Ningbo Deye Inverter Technology | SolaX Power | GoodWe | Shenzhen Hopewind Electric Corporation | Huawei Technologies | TMEIC | Hitachi Hi-Rel Power Electronics | Jinko Solar | Waaree Energies | LONGi Green Energy Technology | Trina Solar | Adani Solar | Premier Energies | GCL System Integration Technology | Saatvik Green Energy | Rayzon Solar | JA Solar | Canadian Solar | Goldi Solar | Gautam Solar | Emmvee Photovoltaic Power | Econess Energy | Astronergy (CHINT Group) | SolarSpace | Lianyungang Shenzhou New Energy | Grew Energy | REC Solar | Dongguan Sunworh Solar | Pixon Energy | Alpex Solar | Senza Solar | Innovative solar solutions | ZNSHINE PV-TECH | First Solar | Aiko Solar | Jietai New Energy Technology | Tongwei Solar | Anhui Yingfa Desheng Technology | DMEGC Magnetics | Solar N Plus | Gokin Solar | FS Solar India (First Solar) | RenewSys India | Avaada Electro | Indosolar (Waaree) | KOSOL Energie (SunRay) | Jakson Solar | Cosmic PV Power | Future Solar | Luminous Power Technologies | Greentek | H R Solar Solution | Jupiter International | Webel (Websol) Energy System | Euro Multivision | ARCTECH | GameChange Solar | Sunchaser Structures | Scorpius Tracker | Nextracker | Mahindra Susten | SmartTrak | Strolar Mounting Systems | Photon Energy Systems | Ganges Internationale | Goodluck India | Raydean Industries | Metalkraft | MTE Structures | ISHKON Industries | SMS Solutions | IndiaRack Solar Technologies | RPK Green | Purshotam Profiles | SNS Corporation | Bhavita Engineering | AM Green Energy | Serentica Renewables | Brookfield Renewable Partners | Continuum Green Energy | Radiance Renewables | Cleantech Solar | Langfang Sol-Bright New Energy Technology | Taypro | Aegeus Technologies | Airtouch Solar | Solabot Technologies | Vayu Solar | LEAPTING | Eco-Ops (Ecoppia) | Skilancer Solar | Solar-LIT | Restech Technologies |
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