North American PV tracker market increased by 135 percent, reaching 5.5 GW last year
ENGLEWOOD, Colo. (May 16, 2016) – The photovoltaic (PV) tracker market in North America increased by 135 percent year over year to reach 5.5 gigawatt (GW) shipments in 2015. Raising its market share by 22 percentage points over 2014, NEXTracker moved ahead of Array Technologies, becoming the leading supplier of PV trackers last year. Despite Array Technologies dropping to second place in the rankings, the company increased its market share and continued to increase unit shipments by a factor of 2.5, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
“Leading module producers like First Solar and SunPower remained in the top five rankings in 2015, thanks to their large ground-mount utility-scale pipeline,” said Camron Barati, North America Solar Analyst for IHS Technology. “SunPower’s market share loss can be attributed to lumpiness of the company’s utility-scale development business, which greatly affected its single-axis tracker shipments.”
Because of its involvement in the large OCI Solar Power PV project in Texas, Sun Action Trackers was the only leading dual-axis tracker supplier to enter the top-five ranking in 2015. However, in response to the rapid adoption of single-axis trackers, the company also released a single-axis tracker in 2015.
Due to this explosive growth in the North American tracker market, further mergers and acquisitions are expected in 2016 and 2017, as leading engineering, procurement and construction companies seek to become more vertically integrated, and as other balance of system and component suppliers seek to gain access to this fast-growing segment. Further adding to this growth is the extension to the U.S. investment tax credit (ITC), which gives suppliers a clear roadmap for utility-scale development with full ITC support in the United States until 2020.
For information about the IHS Solar Intelligence Service – North America, contact the sales department at IHS in the Americas at (844) 301-7334 or AmericasLeads@ihs.com; in Europe, Middle East and Africa (EMEA) at +44 1344 328 300 or firstname.lastname@example.org; or Asia-Pacific (APAC) at +604 291 3600 or technology_APAC@ihs.com.
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