Xiamen Jinmega Solar Technology Co., Ltd is the world''s leading manufacturer and solution provider for solar tracking brackets, fixed brackets, and BIPV systems, including solar
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This report provides a comprehensive overview of the global PV tracker market. It details the market as it exists today, analyzes economic drivers for PV trackers, highlights new technologies and vendor service offerings,
The top ten vendors accounted for 90% of the global market share, according to Wood Mackenzie’s ‘ Global solar PV tracker market share’ report 2024. For the ninth consecutive year, Nextracker and Array Technologies continued to lead the market, taking the first and second positions in the global tracker market, respectively.
Shipments are determined by the date on which product is delivered to the project site, title/risk is transferred, and revenue is recognized by the vendor. Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world.
These three US-based manufacturers combined for more than 50% of global tracker shipments and 90% of the United States market. The United States, the largest individual market for PV trackers, experienced a 10% year-over-year (YoY) increase to over 37 GWdc of shipments in 2023.
The United States, the largest individual market for PV trackers, experienced a 10% year-over-year (YoY) increase to over 37 GWdc of shipments in 2023. This was helped by Inflation Reduction Act incentives which kickstarted construction for many new large-scale projects across the country, according to the report.
The US region saw 10% YoY increase to more than 37 GWdc of shipments in 2023 Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world.
By contrast, the PV tracker market in China fell to 4.3 GWdc in 2023, despite the country exceeding 140 GWdc of utility-scale solar installations in 2023. Instead, Chinese manufacturers experienced much higher demand for fixed-tilt products, as low installation costs were a main driver for developers in China.
