Global PV tracker shipments grow 28% in 2023

In Asia, China's PV tracker market fell to 4.

In Asia, China'sPV tracker market fell to 4.3 GWdc.

The latest report from Wood Mackenzie showed that the global shipments for photovoltaic tracker increased by 28% in 2023 to 92 gigawatts direct current (GWdc).

In a statement, Wood Mackenzie said this is “reflecting a strong year for utility-scale solar in most regions across the world.”

The United States, the largest individual market for PV trackers, saw a 10% year-over-year (YoY) increase to over 37 GWdc of shipments last year. This was supported by Inflation Reduction Act incentives which kickstarted construction for many new large-scale projects across the country, the report said.

In Europe, Spain was the largest market, accounting for more than 50% of the continent’s demand.

Meanwhile, the PV tracker market in China fell to 4.3 GWdc in 2023, despite the country exceeding 140 GWdc of utility-scale solar installations last year.

“Instead, Chinese manufacturers experienced much higher demand for fixed-tilt products, as low installation costs were a main driver for developers in China,” Wood Mackenzie noted.

Wood Mackenzie

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