Chinese Firms Dominate Indian Solar Market

In Clean News, Renewable Energy, Solar

Analysts firm “Bridge To India” findings see a relative consolidation of solar suppliers and developers in Indian solar market.

On the module supply side, China’s Trina Solar has a 25.7% share, with South Korean-headquartered Hanwha Q Cells is the second-largest module supplier with 10% of the market.

In third place is China’s Risen, with a 7.6% market share, which leaves just 10.6% of India’s solar module market for domestic manufacturers and suppliers, so its no surprise that non of the Indian firm made it into the top ten module companies list in terms of shipments.

Swiss firm ABB remains the inverter market leader with 28.6% of the market share, followed by TMEIC, Hitachi and SMA – each of which have around a 16% market share. Germany’s SMA was the big gainer over the past 12 months, upping its share from 11.4% in 2016 thanks to a supply deal with local development firm Greenko.

Greenko was joined by ReNew Power and NTPC as India’s largest developers based on volumes commissioned in the past year. Adani remains the largest developer with more than 2 GW of solar deployed or in the pipeline (780 MW commissioned and 1,250 MW on the way).

Join Our Newsletter!

Love Clean Future? We love to tell you about our new stuff. Subscribe to newsletter!

Mobile Sliding Menu

Do NOT follow this link or you will be banned from the site!