The global solar PV tracker market grew by 20% last year, and the US and Latin America remained the largest markets for tracker technology, according to a new report by Wood Mackenzie Power & Renewables.
“PV tracker shipments exceeded expectations and surpassed 20 gigawatts last year, with 36% year-over-year growth since 2017 in terms of shipments,” said Molly Cox, one of the authors of the report.
According to Wood Mackenzie, the new solar PV tracker leaderboard confirms the ongoing dominance of NEXTracker, which has more than twice the market share of its closest competitors globally. The tier under NEXTracker is crowded with ambitious tracker companies that currently rival each other in size, give or take a few percentage points.
