S&P Global’s Solar Tracker Market Report Highlights
The latest S&P Global Solar Tracker Market Report reveals that global solar tracker shipments reached 94GW in 2023, marking a 29% increase from 2022. The market distribution shifted significantly, with the United States’ share falling from 47% to 38%, while emerging markets like Saudi Arabia, India, and Uzbekistan saw notable growth. TrinaTracker secured the sixth spot globally in 2023 and ranked third in key regions, with a global market share of 6%, doubling from the previous year.
TrinaTracker’s Performance in South America
In South America, TrinaTracker’s shipments ranked third, totaling approximately 1.5GW. The company became the largest Chinese solar tracker provider in the region by shipment volume. Significant projects like the 520MW Santa Luzia Complex and the 210MW Mauriti PV project in Brazil have bolstered its presence. Brazil’s CEMIG SIM PV power station, utilizing Trina Solar’s Vertex modules and Vanguard trackers, exemplifies innovative solar energy developments in the region. TrinaTracker also saw substantial shipments to Argentina, Chile, and Colombia.
Expansion in the Middle East
The Middle East market expanded significantly, a trend expected to continue until 2030. TrinaTracker leads in delivery volume in this region. Notably, it exclusively supplied solar trackers for Qatar’s 875M industrial city solar power project, a major development by Qatar Energy with Samsung C&T as the EPC. With over 2GW of orders scheduled for the Middle East, TrinaTracker anticipates continued business growth this year.
Global Reach and Future Goals
By the end of 2023, TrinaTracker had delivered smart tracker solutions to more than 700 solar plants across 60 countries, with cumulative shipments exceeding 20GW. This year, the company aims to strengthen its global presence further and provide localized, lower LCOE solar tracker solutions. TrinaTracker expects a steady increase in business, reinforcing its position in the global solar energy market.
In conclusion, TrinaTracker’s remarkable growth and strategic positioning in key markets underscore its pivotal role in the evolving solar energy market. As energy storage and solar technology developments advance, the company’s contributions to global renewable energy trends remain significant.
Source：taiwannews.com.tw
