Recently, Mercom India Research released its latest report, India Solar Market Rankings 2022, which released the industry leaders, competitive landscape, market share and shipment rankings of the entire solar supply chain in India.

India’s installed PV capacity in 2021 will reach a new high of 10 GW, a 210% increase from 3.2 GW in the same period last year.

India has a strong pipeline of utility-scale PV projects, with a total installed capacity of 47.5 GW of utility-scale PV projects by the end of 2021, with another 24.5 GW of installed capacity under auction.

Large-scale photovoltaic project developer

The report shows that the newly installed capacity of large-scale photovoltaic projects in India is 8.3GW, accounting for 83% of the total installed capacity of new photovoltaic systems, and the development scale of the top ten utility-scale photovoltaic project developers accounts for 68% of the total installed capacity in 2021. Of these, ReNew Power is the largest utility-scale developer in 2021, with most projects coming on stream that year.

Engineering, Procurement and Construction (EPC) Service Providers

Indian engineering, procurement and construction (EPC) service providers have delayed the development of many photovoltaic projects until 2021 due to the spread of the epidemic, evacuation issues, and land acquisition issues. Many projects for companies providing engineering, procurement and construction (EPC) services move to 2021. Sterling & Wilson is the top EPC player for utility-scale PV projects in 2021.

Rooftop PV Project Installer

India installed 1.7GW of rooftop PV in 2021, a 138% increase from the previous year. In 2021, projects installed by the top ten rooftop PV system installers in India accounted for 43% of the rooftop PV market share. Tata Power Solar leads the list of rooftop PV installers, accounting for 20% of total installations.

Open PV System Installer

In 2021, the installed capacity of open photovoltaic systems will increase by 222% compared to the previous year, making it the second highest year on record. First Partner Energy is the largest open PV system installer in 2021.

PV module supplier

Compared to last year, India's PV module imports in 2021 have surged by 641%. LONGi has been the leading module supplier in the Indian market for two consecutive years, with only one Indian PV module manufacturer making the top five.

Chinese PV module prices have risen for seven consecutive quarters, a trend not seen in the past decade, the report said. In the past five years, PV module prices have risen only in the two quarters before the COVID-19 outbreak.

PV Inverter Supplier

In 2021, string inverters will overtake central inverters in the Indian PV market. Sungrow will be the No. 1 supplier of string inverters in India in 2021, and Shangneng Electric will be No. 1 in centralized inverter suppliers.

India’s Ministry of New and Renewable Energy (MNRE) recently issued a new circular extending the certification deadline for PV inverters set by the Bureau of Indian Standards from December 31, 2021 to June 30, 2022. The extension was granted as the industry sought more time to ensure compliance, given testing-related issues and the level of readiness of testing laboratories.

PV Mount and PV Tracker Supplier

For the second year in a row, SNS topped the list of PV mounting suppliers with a 30% share of the total market.

Arctech was the largest supplier of PV trackers this year.

Installers of PV modules face a severe shortage of steel, a key raw material.

PV Robot Cleaning System Supplier

The demand for photovoltaic robotic cleaning systems in India is growing over time and there is a greater emphasis on water conservation in energy production. Sol-Bright Photovoltaic is the top supplier of robotic cleaning systems for photovoltaics in the Indian market in 2021.

(This article is compiled from MERCOM,)