Global solar PV tracker market continues growing

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According to GTM Research’s latest report, The Global PV Tracker Landscape 2016: Prices, Forecasts, Market Shares and Vendor Profiles, 12.6 GW of PV trackers are expected to be installed globally this year, up from 5 GW in 2015. By 2021, PV tracker installations will grow to 37.7 GW and account for nearly half of all ground-mount solar systems.

While solar tracking systems have been around for years and many companies have come and gone, never before has the global PV tracker market seen installations at this scale and such consistent growth. By the end of 2016, 23 percent of ground-mount PV systems globally will use trackers, with that number expected to grow to 49 percent by 2021. In 2021, annual PV tracker installations will value $4.9 billion.

 

Though the United States will remain the leading market for PV trackers through 2021, China and India will experience the most significant growth, given that PV trackers make up only six and seven percent, respectively, of ground mount installations in those countries in 2016. Falling costs and improving technology and investor sentiment will contribute to growth in these markets.

The report has profiled several companies with activity in this market: Array Technologies, Convert Italia, Exosun, GameChange Solar, Grupo Clavijo, Ideamatec, NEXTracker, Optimum Tracker, Soltec, STi Norland, Sun Action Trackers, SunLink and Solar FlexRack, and gives the following clasification:

Source: GTM Research

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