CHANGZHOU, China, July 15,
2024 /PRNewswire/ -- The renowned research
institution S&P Global has published the Solar Tracker Market
Report 2024, which says global shipments of solar trackers reached
94GW in 2023, 29% more than in 2022. Global market distribution
began to shift last year, with the market share of the United States, traditionally the largest
market for solar trackers, falling from 47% to 38%. In contrast,
emerging markets grew markedly, with notable increases in
Saudi Arabia, India and Uzbekistan.
TrinaTracker ranked sixth in global shipments in 2023, and
third in key countries and regions, S&P Global said.
TrinaTracker's global market share reached 6%, double that of
the previous year. Its business growth ranked second worldwide,
making it one of the fastest-growing companies.
According to the report, TrinaTracker's shipments ranked third
in South America, with volume of
about 1.5GW, TrinaTracker became the largest Chinese solar tracker
company in the region by shipment volume. The 520MW Santa Luzia
Complex, one of the largest solar projects in Brazil, was officially put into operation at
the beginning of the year. The 210MW Mauriti PV project in
Brazil has also been successfully
delivered. Brazil's CEMIG SIM PV
power station uses Trina Solar's
integrated delivery solution of Vertex modules + Vanguard trackers,
pioneering a new business model in South
America. In addition, TrinaTracker set the pace with
significant shipments to Argentina Chile and Colombia.
The Middle East market expanded
significantly and that trend is expected to continue until 2030.
TrinaTracker is one of the pioneer suppliers in the Middle East with its leading position in
delivery volume. TrinaTracker exclusively supplied solar trackers
for Qatar's 875M industrial city solar power project, one of
the most significant projects in the region. This project was
developed by Qatar Energy, and Samsung C&T was the EPC.
Furthermore, TrinaTracker has more than 2GW orders scheduled for
the Middle East, and business
volume is expected to continue to grow this year.
By the end of 2023 TrinaTracker had delivered smart tracker
solutions to more than 700 solar plants in more than 60 countries,
with cumulative shipments exceeding 20GW. This year TrinaTracker
aims to further strengthen its global presence, provide localized
lower LCOE solar tracker solutions, and expects a further steady
increase in business.
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SOURCE TrinaTracker