Solar Market Leader 2024
Solar Market Leader 2024
Solar Market Leader 2024
Executive Summary
www.mercomindia.com
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.
❑ 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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