Goodluck India, Arctech, Strolar Mounting Systems, Raydean Industries, and Metalkraft Forming Industries were the top five module mounting structure suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2024, according to Mercom’s India Solar Market Leaderboard 1H 2024.

Goodluck India led the solar module mounting structure shipments with a market share of 25.5%. Arctech and Strolar Mounting Systems followed with 15.5% and 14.9% of the shipments. Raydean Industries and Metalkraft Forming Industries rounded off the top five with markets share of 13.7% and 11.9%.

Mounting structures in ground-mounted or rooftop solar projects ensure optimum energy generation. They carry the weight of solar modules and are built to withstand high wind speeds. These structures must endure seasonal variations and the challenging conditions typical of solar power project sites in India.

As of June 2024, Goodluck India had a production capacity of 412,000 metric tons per annum. In January 2024, the company raised nearly ₹2 billion (~$24.1 million) through a qualified institutional placement.

Arctech has a combined annual production capacity of 13 GW, which includes a 3 GW manufacturing facility in Mundra, Gujarat. The company is also planning to expand by adding a 3 GW production unit in Saudi Arabia.

Strolar Mounting Systems operates with a production capacity of 5,000 MT per month for steel-based solar module mounting structures and 45 MW per month for aluminum-based mounting structures at its facilities in Taloja and Greater Noida, Uttar Pradesh.

Raydean Industries produces module mounting structures for rooftop solar installations, with a manufacturing capacity of 3,800 MT per month, equivalent to about 10 MWp.

Metalkraft Forming Industries, based in Hyderabad, Andhra Pradesh, has a production capacity of 4,500 MT per month.

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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