Google- The global solar tracker market reached 94 GW in shipments in 2023, up from 73 GW in 2022, with significant growth outside the United States, Spain, and Brazil.
- Saudi Arabia and India saw the highest year-on-year growth, becoming the fourth- and fifth-largest markets for tracker shipments, driven by increased demand and utility-scale installations.
- Technological innovations such as 2P-oriented trackers and terrain-following designs are helping to overcome land constraints and challenging terrain.
- The market is expected to expand to 752 GW between 2024 and 2030, with the United States accounting for 39% of installations due to incentives under the Inflation Reduction Act (IRA).
- Tracker manufacturers are also focusing on U.S. manufacturing to meet new IRA requirements and qualify for tax credits, driving further innovation and growth in the industry.
Source:PV Magazine