Pictured is a 50 MW solar plant in Vietnam for which Germany’s Ideematec supplied its PV trackers. The German company registered the biggest YoY growth in 2019 in its tracker shipments among all vendors covered by the Wood Mackenzie report. (Photo Credit: Ideematec)
- NEXTracker sold the largest number of trackers in 2019, as per Wood Mackenzie
- Together with Array Technologies and PV Hardware, NEXTracker accounted for four-fifths of the global solar PV tracker market last year
- US was the largest market for trackers as it accounted for 50% of all shipments reported last year
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American solar PV tracker supplier NEXTracker has kept the top spot among global PV tracker vendors on Wood Mackenzie Power & Renewables’ 2019 tracker vendor supplier list. As per the Global Solar PV Tracker Market Share 2020 report by the market research firm, NEXTracker was followed by Array Technologies of the US and PV Hardware of Spain.
Together, the trio accounted for four-fifths of the market, reported Greentech Media (GTM) referring to the report, while the top 10 vendors last year claimed 88% of the market.
Overall, the US market accounted for 50% of total tracker shipments in 2019, that represents an annual growth of 226%. The strength of the US market was partly due to companies safe harboring equipment to qualify for the federal Investment Tax Credit (ITC). The ITC safe harboring provision pulled tracker shipments into 2019, accounting for 35% to 40% of total shipments in the US last year. However, Wood Mackenzie said tracker market shipments to the US doubled even excluding safe-harboring.
After the US, it was Latin America led by Mexico, Brazil and Chile to take the position of the world’s second-largest tracker market, dominated by trackers supplied by Soltec, STI Norland and NEXTracker.
In the Asia Pacific, Australia was the largest market last year even though the market contracted 10% YoY. In this region, the largest suppliers were Arctech Solar, NEXTracker and Array Technologies. The biggest YoY growth among all vendors was reported by Germany’s Ideematec whose shipments grew by a factor of 3.
For NEXTracker, 2019 was the fourth consecutive year to feature at the top of Wood Mackenzie’s global PV tracker companies list.
Wood Mackenzie’s Global Solar PV Tracker Market Share 2020 report can be purchased on its website.