Global PV tracker shipments will develop by 28% in 2023 to 92 GWdc, in response to Wood Mackenzie’s Global photo voltaic PV tracker market share report 2024.
WoodMac’s evaluation discovered that the highest 10 distributors accounted for 90% of the worldwide market share. For the ninth yr in a row, US-based producers Nextracker and Array Technologies took first and second place, with the previous increasing its main place with 20% annual progress.
GameChange Solar, one other US producer, reached third within the rankings for the primary time because of 55% year-on-year progress. Together, the three corporations account for greater than 50% of worldwide tracker shipments and 90% of the US market.
The US is the world’s largest particular person marketplace for PV trackers. It skilled 10% year-on-year progress final yr, to over 37 GWdc in shipments. WoodMac stated the market was boosted by Inflation Reduction Act incentives that began development for a number of new main initiatives throughout the nation.
In distinction, the tracker market in China has fallen to 4.3 GWdc in 2023. WoodMac says that Chinese producers are experiencing increased demand for fixed-tilt merchandise, as a result of the decrease prices of set up are the primary drivers for builders in China. Despite the decline in demand, Chinese producers TrinaTracker and Archtech have climbed to the highest six in international tracker shipments, as they increase their presence within the Middle East, central Asia and Latin America areas.
The largest market in Europe is Spain, which represents greater than 50% of the continent’s demand. Spanish producers PV Hardware, Solar Steel, Soltec and Axial all have a part of the world’s prime ten tracker shippers.
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