Read the full article published in Greentech Media here.
PV tracker vendors are seeking to differentiate themselves from the competition in an increasingly global market.
Lindsay Cherry | December 05, 2019
The single-axis tracker market has long been dominated by the United States. However, over the next five years, the global tracker market is expected to expand significantly, driven by growth in Europe, the Middle East and Africa.
The tracker market will grow 62 percent this year, reaching 23 gigawatts (DC) of installations, Wood Mackenzie predicts in a new report. While this year has seen an exceptionally large jump, the tracker market will grow on average by 11 percent annually from 2019 through 2024. The U.S. will remain the country with the most cumulative tracker installations during that timeframe.
As Wood Mackenzie noted in April, NexTracker is the world’s leading tracker vendor, claiming one-third of global market share by shipments in 2018. Other top firms claim roughly between 8 percent and 12 percent of the market each, including Array Technologies, PV Hardware, Arctech Solar and Soltec.