The global solar PV tracker market grew by 20 percent last year, and the U.S. and Latin America remained the largest markets for tracker technology.
The global solar PV tracker market grew by 20 percent last year, and the U.S. and Latin America remained the largest markets for tracker technology. Wood Mackenzie Power & Renewables breaks down the global tracker market by megawatts shipped and by region in a new report.”
PV tracker shipments exceeded expectations and surpassed 20 gigawatts last year, with 36 percent year-over-year growth since 2017 in terms of shipments,” said Molly Cox, one of the report authors.
The new solar PV tracker leaderboard confirms the ongoing dominance of Nextracker, which has more than twice the market share of its closest competitors globally.
Source: Wood Mackenzie Power & Renewables
The tier under Nextracker is crowded with ambitious tracker companies that currently rival each other in size, give or take a few percentage points.
PV trackers continue to be the fastest growing of all racking segments, and the space is expected to continue on an upward trajectory as the global solar market surpasses 100 gigawatts by the end of 2019.
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