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<p>India emerged as the third largest solar market in the world behind China and the United States after a record 9.6 GW of solar installations in 2017 &#8211; more than double the 4.3 GW installed in 2016.</p>
<p>The newly released Mercom India’s <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-report/" target="_blank" rel="noopener noreferrer"><em>India Solar Market Leaderboard 2018</em></a> report reveals the market leaders that emerged from a record year for the solar industry. The report covers market share and shipment rankings across the Indian solar supply chain in 2017.</p>
<p><a href="https://mercomindia.com/india-solar-market-leaderboard-2018/"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-7054" src="https://mercomindia.com/wp-content/uploads/2017/05/Button2-1.png" alt="" width="175" height="50" /></a></p>
<p>According to the report, the top 10 solar photovoltaic (PV) project developers in the country accounted for over 62 percent of all large-scale project installations in calendar year 2017.  There were also approximately 200 utility-scale project developers in the country with projects of at least 5 MW or more in operation.</p>
<p>Mercom’s <a href="https://mercomindia.com/solar-auctions-india-larger-developers/" target="_blank" rel="noopener noreferrer">detailed analysis</a> of the winners of major solar auctions held across the country over the past 12 months also clearly indicated that bidding has been dominated by larger, more established companies.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-9978" src="https://mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1.png" alt="Indian Solar Market Leaders" width="1156" height="573" srcset="https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1.png 1156w, https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1-600x297.png 600w, https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1-300x149.png 300w, https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1-768x381.png 768w, https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1-1024x508.png 1024w, https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1-650x322.png 650w, https://cms.mercomindia.com/wp-content/uploads/2018/05/Indian-Solar-Market-Leaders-1-624x309.png 624w" sizes="(max-width: 1156px) 100vw, 1156px" /></a></p>
<p><a href="http://www.adanirenewables.com/" target="_blank" rel="noopener noreferrer">Adani</a> emerged as the largest project developer in terms of total cumulative installations through the end of 2017, but <a href="http://www.greenkogroup.com/" target="_blank" rel="noopener noreferrer">Greenko</a> grabbed the spot for top installer in 2017.</p>
<p><a href="https://nlcindia.com" target="_blank" rel="noopener noreferrer">NLC</a> had the largest pipeline of utility-scale projects under development followed by <a href="https://www.acme.in/" target="_blank" rel="noopener noreferrer">ACME</a>. India’s pipeline of utility-scale projects under development stood at approximately 10.6 GW at year-end 2017, with another 4.3 GW of tenders pending auction.</p>
<p>Cumulative solar rooftop installations in India totaled 1.6 GW at the end of 2017, of which 995 MWs were installed last year. In 2017, the top 10 installers made up only 26 percent of all rooftop projects installed in India, leaving all other rooftop developers with almost 75 percent of the market share and showing the fragmented nature of the sector. <a href="https://www.tatapower.com/" target="_blank" rel="noopener noreferrer">Tata Power</a> emerged with the largest rooftop portfolio, followed by <a href="https://cleanmaxsolar.com/" target="_blank" rel="noopener noreferrer">CleanMax</a>.</p>
<p>“In 2017, larger players started consolidating their positions at the top as India has quickly emerged as one of the most important solar markets in the world for suppliers and vendors,” said Raj Prabhu, CEO of Mercom Capital Group.</p>
<p>In an extremely competitive market where margins are getting slimmer every day, <a href="http://sterlingandwilson.com/" target="_blank" rel="noopener noreferrer">Sterling and Wilson</a> was the leading engineering procurement construction (EPC) company.</p>
<p>As of last December, <a href="http://new.abb.com/" target="_blank" rel="noopener noreferrer">ABB</a> was the top inverter supplier both cumulatively and in 2017 even with Chinese inverter suppliers growing at a fast pace.</p>
<p><a href="http://www.trinasolar.com/en-glb/index" target="_blank" rel="noopener noreferrer">Trina Solar</a> was the top module supplier in 2017.</p>
<p>Over 30 companies supplied trackers to the Indian solar market in 2017 with NEXTracker emerging as the top supplier.</p>
<p>“A common theme in the report was that most of the top companies in their categories were well established players, but there are other companies with high year-over-year growth rates that are competing hard in this highly competitive market,” added Prabhu.</p>
<p><a href="https://mercomindia.com/product/mercoms-india-solar-market-share-report/" target="_blank" rel="noopener noreferrer"><em>Get the complete list of market leaders with installation and supply figures in the full report</em></a></p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/priya-sanjay/" class="vcard author" rel="author"><span class="fn">Priya Sanjay</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Priya Sanjay,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/priya-sanjay/" target="_blank" rel="noopener">More articles from Priya Sanjay.</a></p>
</div>
<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" alt="Wendy Prabhu" />Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. <a href="https://mercomindia.com/author/priya-sanjay/">More articles from Priya Sanjay.</a></div>
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2017 India Solar Market Share Leaders Revealed After a Record Year

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