In 2020, global PV tracking bracket shipments will increase to 44GW, a year-on-year increase of 26%

2021-06-21 14:21
According to the latest research statistics of Wood Mackenzie, despite the impact of the new crown epidemic in 2020, the global solar mounting structure shipments have increased to 44GW, a year-on-year increase of 26%. NEXTracker continues to top the list, followed by Array Technologies and PV Hardware.

In 2020, global PV tracking bracket shipments will increase to 44GW, a year-on-year increase of 26%
Global Market
Compared with 2019, the market share of the world's top ten suppliers has further expanded to 90%, a year-on-year increase of 2 points. The total market share of the top five suppliers remained relatively stable, reaching 69%, an increase of 1 point year-on-year.
In 2020, NEXTrackers will continue to lead the global market with a 29% market share. Array Technologies' market share increased slightly from the previous year, rising from 16% to 17%. Although PV Hardware's shipment data has increased, its market share in the general environment has declined, from 10% in 2019 to 9%.
FTC solar, which was recently listed on NASDAQ, has a market share of 3% for solar tracker energy system, making it one of the top ten.
Except for Africa and Latin America, in 2020, the shipment volume of the photovoltaic tracking bracket market in other regions will still maintain a positive growth year-on-year.
US market shipments once again accounted for more than half of the global total. The shipment of photovoltaic tracking brackets driven by the U.S. federal ITC policy accounts for about 15%-20% of the total U.S. total.
The Asia-Pacific market has become the world's second largest regional market
The Asia-Pacific region surpassed Latin America and became the world's second largest solar tracking system market with a total shipment of 6.8GW. CITIC Solar (Arctech Solar), NEXTracker and Trina Tracker (NClave) are ranked in the top three regions respectively, and the total shipment volume of these three companies accounts for approximately 59% of the total regional total. CITIC Bo’s shipments have increased, and its market share has soared from 24% in 2019 to 35% in 2020. The rookies GameChange Solar and Soltec also have a 2% share in the region.

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