L R AS Published on Saturday 25 April 2020 - n° 319 - Categories:followers
The solar tracker market in 2019
NEXTracker remains the world leader in tracker deliveries, as in 2018. It is followed by Array Technologies, and now by PV Hardware. Together, they represent
80% of global sales, according to Wood Mackenzie. The market would have grown by 20% between 2018 and 2019.
Sales in the United States accounted for 50% of global tracker shipments in 2019, with year-on-year growth of 226%. This is the strongest growth recorded in any region. This is largely due to the admission of trackers to the federal tax credit. 35 and 40% of facilities in the United States use this tax credit.
Latin America was the world's second largest market for trackers last year, led by Mexico, Brazil and Chile. Soltec, STI Norland and NEXTracker were the main suppliers of trackers.
Arctech Solar, NEXTracker and Array Technologies were the top three in Asia-Pacific. Australia, the largest market in the region, experienced a 10% contraction in 2019. This is the result of fewer installations by power companies. This trend is expected to continue in 2020. As a result, the Australian tracker market will represent a smaller percentage of the APAC region market.
Most major suppliers shipped 1.5 to 2 times as many trackers last year as in 2018. Globally, the supplier market was slightly less concentrated in 2019 compared to 2018, although the top 10 suppliers still account for 88% of the market and the top three suppliers still account for 80%.
Prices for photovoltaic trackers are not expected to fall significantly as the market grows. This provides an incentive for the best suppliers to diversify into software and services to maintain a competitive advantage.
GreenTech Media of 21 April
Editor's note Wood Mackenzie does not publish the size of the U.S. or global market, or even the market share of the first two.
What is impressive is the concentration of the market. The top three account for 80% of the market. This leaves little room for other manufacturers. Should we imagine that there is a volume premium for each manufacturer, or is there an advantage for American producers?
