Pro
Energy & Utilities
India Solar PV Mounting Systems Market
| Label | PV modules (panels) | Inverters | Racking | Batteries | Other Components |
|---|---|---|---|---|---|
| 2019 | 359.08 USD Mn | 155.41 USD Mn | 71.8 USD Mn | 263.63 USD Mn | 32.94 USD Mn |
| 2020 | 334.9 USD Mn | 145.64 USD Mn | 67.12 USD Mn | 246.6 USD Mn | 30.83 USD Mn |
| 2021 | 352.53 USD Mn | 154.05 USD Mn | 70.82 USD Mn | 260.34 USD Mn | 32.56 USD Mn |
| 2022 | 378 USD Mn | 165.98 USD Mn | 76.12 USD Mn | 279.96 USD Mn | 35.03 USD Mn |
| 2023 | 402.78 USD Mn | 177.71 USD Mn | 81.3 USD Mn | 299.2 USD Mn | 37.46 USD Mn |
| 2024 | 429.44 USD Mn | 190.38 USD Mn | 86.89 USD Mn | 319.94 USD Mn | 40.08 USD Mn |
| 2025 | 458.07 USD Mn | 204.05 USD Mn | 92.9 USD Mn | 342.27 USD Mn | 42.9 USD Mn |
| 2026 | 488.92 USD Mn | 218.85 USD Mn | 99.39 USD Mn | 366.41 USD Mn | 45.95 USD Mn |
| 2027 | 521.95 USD Mn | 234.76 USD Mn | 106.36 USD Mn | 392.31 USD Mn | 49.23 USD Mn |
| 2028 | 557.42 USD Mn | 251.91 USD Mn | 113.86 USD Mn | 420.21 USD Mn | 52.75 USD Mn |
| 2029 | 595.51 USD Mn | 270.42 USD Mn | 121.93 USD Mn | 450.25 USD Mn | 56.55 USD Mn |
| 2030 | 636.44 USD Mn | 290.39 USD Mn | 130.62 USD Mn | 482.62 USD Mn | 60.65 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The India Solar PV Mounting Systems Market By Component market is on a steady long-term growth path. Segment value stands at roughly USD 1220 Mn in 2026 and is projected to reach USD 1601 Mn by 2030 — a gain of about 31% over the forecast period, translating to a CAGR in the high single digits.
- PV modules (panels) is the biggest of 5 groups as of 2030, at 636. 44M USD (40% of the combined total).
- What the regional split looks like (2026): PV modules (panels) leads, holding roughly 40% of segment value — the single largest regional share. Batteries is the second-largest contributor. Inverters, Racking and Other Components make up the remainder, in descending order.
- By 2030, PV modules (panels) alone is expected to reach USD 636 Mn, with Batteries at USD 483 Mn.
Market Dynamics
PV modules (panels) is the biggest of 5 groups as of 2030, at 636.44M USD (40% of the combined total).
Batteries follows at 482.62M USD, 24% smaller than PV modules (panels).
PV modules (panels) grows to 636.44M USD by 2030, from 359.08M USD in 2019 — 77% up.
Batteries: 263.63M USD to 482.62M USD, 83% higher by 2030.
Inverters: 155.41M USD in 2019 to 290.39M USD by 2030, up 87%.
Racking climbs from 71.80M USD (2019) to 130.62M USD (2030), a 82% gain.
Other Components: up 84% over the period, 32.94M USD to 60.65M USD.
Inverters grows fastest of the group, 87% from 2019 to 2030 — starting smaller doesn't mean staying smaller at this pace.
The 5-group total: 882.86M USD in 2019, 1.60B USD by 2030, 81% overall.
Reading This As A Comparison
There are 5 separate series stacked into this one chart. Look at relative size and relative movement, not just whichever line sits highest.
A group with a small share can still matter most for the story — it is often the rate of change, not the current level, that is worth the closer look.
Treat these values as a directional estimate of the India Solar PV Mounting Systems market. They are most useful for comparing segments and regions against each other, and for spotting where demand is expected to build fastest.
Figures before the 2018 base year are historical estimates; the years through 2030 are projections built from industry data, company revenues, and primary interviews. Forecasts are revised as new data comes in, so check the full report for the latest assumptions.
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Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.