In a new report, GTM Research finds that never before has the global tracker market “seen installations at this scale and such consistent growth.”
According to the The Global PV Tracker Landscape 2016: Prices, Forecasts, Market Shares and Vendor Profiles, by the end of 2016, 23% of ground-mount PV systems around the world will employ trackers. GTM Research expects that number to grow to 49% by 2021, when annual tracker installations will value $4.9 billion.
The United States will remain the leading market for trackers through 2021, the report finds, but stresses that China and India will experience the most significant growth. Trackers in China and India currently make up only a respective 6% and 7% of ground mount installations. Declining costs and improved technology and investor sentiment will contribute to growth in these markets, the report adds.
In its study, GTM Research profiles such leading companies as Array Technologies, Convert Italia, Exosun, GameChange Solar, Grupo Clavijo, Ideamatec and NEXTracker. It also looks at Optimum Tracker, Soltec, STi Norland, Sun Action Trackers, SunLink and Solar FlexRack.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.