The global renewable energy transition is accelerating driven by decarbonization mandates, falling solar PV technology costs, and grid expansion. Global solar PV capacity additions are projected to reach 660 GW annually by CY2030, with solar tracker penetration increasing to 65% of annual capacity additions. In India, installed solar tracking products market reached USD 2,819 million in Fiscal 2026 and is projected to expand to USD 4,544 million by Fiscal 2031 at a 10.0% CAGR. Concurrently, expanding transmission infrastructure and wind power installations drive sustained demand for lattice towers, tubular wind towers, and specialized industrial fasteners. [1]
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