Market leaders include Adani, Tata Power Solar, Mahindra Susten, Sineng Electric, Huawei, LONGi, Arctech Solar, Purshotam Profiles, CleanMax Enviro, Sol-Bright, and more

Mercom Communications India, a subsidiary of global clean energy communications and consulting firm Mercom Capital Group, has released its report, India Solar Market Leaderboard 1H 2021. The report unveils the Indian solar industry’s market share leaders and shipment rankings in the first half (1H) of 2021.

During 1H 2021, India installed approximately 4.6 GW of solar projects, a 251% increase compared to the same period last year. India also had a robust pipeline of utility-scale projects under development amounting to 52.8 GW at the end of 1H 2021 and another 27.8 GW of project tenders pending auction.

The report reveals that the top ten large-scale project developers accaount for 67% market share in 1H 2021. Adani was the leading utility-scale solar project developer during 1H 2021. Adani’s portfolio almost doubled after acquiring four operational and under-development assets in the first half of 2021.


Large-scale installations in 1H 2021 accounted for 81% of overall solar installations with 3.7 GW. Solar accounted for 53% of total power capacity additions in 1H 2021, the highest amount for any year.

In 1H 2021, India installed 862 MW of rooftop solar, a 210% increase compared to the 279 MW installed in 1H 2020. Tata Power Solar had the largest rooftop installations in 1H 2021, followed by Fourth Partner. The top ten installers represented 34% of the rooftop solar market share.

Mahindra Susten was the top EPC service provider in 1H 2021, followed by Vikram Solar and Belectric.

Sungrow led the solar inverter market in India in 1H 2021, closely followed by Sineng Electric and TBEA Energy. Five inverter suppliers shipped over 1 GW to India during the period.

LONGi Solar was the top module supplier to India in the first half of the year. The top ten module suppliers accounted for over 77% of the market in 1H 2021. The market is steadily shifting to monocrystalline technology, which accounted for almost two-thirds of the modules shipped in 1H 2021.

Purshotam Profiles was the top supplier of solar mounting structures in 1H 2021 as well as cumulatively. Other leading suppliers of mounting structures included SNS Corporation, ISHKON Industries, Strolar, and Ganges Internationale.

In 1H 2021, the top five open access solar developers accounted for 66% of the market share. CleanMax Solar led in terms of installations.

Sol-Bright was the top supplier of solar robotic cleaning systems in 1H 2021.

For the detailed and comprehensive report, click here.
Advertisements

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.