The figures from GTM Research show that NEXTracker was responsible for 30% of tracker shipments in 2016, a 6% increase on the previous year. U.S. manufacturers continued to lead in terms of volume, however GTM’s figures also showed that the market became less concentrated in 2016, with the top four suppliers responsible for 64% of global shipments, down from 74% in 2015.
“This milestone furthers NEXTrackers global leadership position,” says NEXTracker CEO Dan Shugar. “We’ve been able to achieve this position by continuously listening to customers and incorporating their objectives into the product. By applying data science, we can maximize energy yield and optimize operations. Through our parent company Flex, we have been able to quickly expand into complex markets like India and Brazil.”
According to a NEXTracker press release, 7.4 GW of its NX Horizon PV systems have been sold, with installations in more than 11 countries.
The figures released by GTM also show NEXTracker as the market leader in the United States, with a 41% share of total single axis tracker shipments. NEXTracker says that more than 3 GW of its 2016 installations are located in the nation.
The company also supplied major projects in India, a market which is expected to see dramatic expansion over the coming years. Last month, NEXTracker announced that it had expanded deals with local manufacturing partners, increasing the volume of locally produced steel for its Indian operations to 80%. The company says this move will reduce it shipment times by up to 50%.
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: editors@pv-magazine.com.
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.