Goodluck India, Strolar Mounting Systems, Raydean Industries, Metalkraft, and MTE Structures were the top five module mounting structure suppliers to the Indian solar market in 2024, according to Mercom’s India Solar Market Leaderboard 2025 report.

Goodluck India led the solar module mounting structure shipments with a market share of 25.3%. Stolar Mounting Systems and Raydean Industries followed, accounting for 17% and 13.8% of the shipments in 2024, respectively. Metalkraft and MTE Structures rounded off the top five, comprising 13.7% and 12.1%, respectively.

Mounting structures with proper alignment and tilt ensures optimal energy generation, maximizes sunlight capture and improves overall efficiency across rooftop solar and ground-mounted projects.

In India, these structures must endure seasonal variations and the challenging conditions typical of solar power project sites.

Various initiatives, including government-supported solar programs such as Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) and Pradhan Mantri Surya Ghar Muft Bijli Yojana (PM Surya Ghar), as well as solar parks and city projects, and other utility-scale installations, drove the demand for mounting structures.

The increase in rooftop solar installations across residential, commercial, and industrial segments also pushed the demand for module mounting structures. Solar carports are gaining traction in housing complexes and commercial buildings, requiring robust mounting systems with an aesthetic appeal.

The importance of mounting systems designed to withstand wind and snow-induced loads is especially amplified during rainy seasons accompanied by heavy winds and thunderstorms. A well-built mounting system should be able to withstand these harsh conditions.

Goodluck India retained its top position in 2024. In January 2024, the company raised nearly ₹2 billion (~$23.9 million) through a qualified institutional placement.

Strolar Mounting Systems moved up two spots to the second position in 2024.

Raydean Industries remained in third position in 2024.

Mercom’s India Solar Market Leaderboard report covers the market landscape across the entire supply chain. For the detailed and comprehensive report, click here.

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