Global solar PV tracker sales jumped over 40% in 2018: IHS Markit

By on March 26, 2019

Global solar PV tracker shipments exceeded 20 GW for the first time in 2018, with NEXTracker leading the market. While the Americas accounted for more than half of global PV tracker demand, the growth rate was strongest in the Middle East and North Africa. 

| Uma Gupta 

Global unit shipments of single-axis solar photovoltaic (PV) trackers increased by over 40% in 2018, surpassing 20 GW globally for the first time. While the United States continued to be the largest individual market for single-axis trackers last year, shipments also increased in Mexico, Australia, Egypt, Spain and other large utility-scale markets, according to IHS Markit.

The Americas was the largest regional market, accounting for more than half of global PV tracker demand. However, the growth rate was the strongest in the Middle East and North Africa. PV trackers accounted for over 25% of global ground-mount installations for the first time, it added. 

NEXTracker continued to lead

The top 10 suppliers continued to benefit from greater adoption of PV tracker technology, and all of them achieved higher year-over-year shipment volumes in 2018. US-based manufacturer NEXTracker continued to lead the market, for the fourth year in a row, accounting for 29% of global PV tracker shipments. As was the case last year, US-based rival Array Technologies was the second largest supplier in the market, followed by PV Hardware, Arctech Solar and Soltec.

Read more from pv magazine here.