Goodluck, Arctech, GameChange Solar: Top Module Mounting Firms in 2023

The top five companies accounted for 67% of the market share


Goodluck India, Arctech, and GameChange Solar were the top three module mounting structure suppliers to the Indian solar market in the calendar year (CY) 2023.

Raydean Industries and Strolar Mounting Systems rounded off the top five, according to Mercom’s recently released report, India Solar Market Leaderboard 2024.

The top five companies shipped 67% of the mounting structures used in the country’s solar projects during the year.

Mounting structure leaderboard 2023

Mounting structures in a ground-mounted or rooftop solar project helps maintain the optimum generation and endure the weight of solar modules and strong wind speeds.

The conditions in India demand mounting structures that withstand the seasonality and rough conditions in the areas where solar power projects are deployed.

Goodluck India ranked first, accounting for 17% of the total module mounting structures shipped in 2023.

Goodluck India supplies module mounting structures to grid-connected solar projects and solar carports. According to its nine-month financial year 2023-24 results, the company had a production capacity of 4,12,000 metric tons per annum across six manufacturing facilities and five in-house hot dip galvanizing plants in India.

Arctech ranked second, accounting for 14% of the module mounting structures supplied in 2023. It has a combined production capacity of 13 GW, including a 3 GW manufacturing facility in Mundra, Gujarat.

GameChange Solar entered the top ten list in 2023 in the third position, accounting for 13% of solar module mounting structures supplied during the year. The company had an annual production capacity of 55 GW for key systems.

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

The Market Share Tracker, which gives data insights into your competitors and their growth rates every quarter, is now available.