I. Market Overview: Strong Global Demand, High Potential in China

In 2024, the global solar PV mounting system market demonstrated strong growth momentum. According to research by QYResearch, the global solar PV mounting system market was valued at approximately RMB 117.71 billion. Other data shows that the ground-mounted segment alone reached USD 37.3 billion. Research institutions forecast that the global solar PV mounting system market will continue to grow at a CAGR of 4.4% to 7.9%, potentially reaching several hundred billion RMB by 2030-2034.

China, as one of the world’s largest PV markets, also saw explosive growth in the PV mounting market in 2024. The China Commercial Industry Research Institute predicts that the full‑year market size will increase to RMB 25.3 billion, a year‑on‑year growth of over 20%. Huabao Securities estimates the 2024 PV mounting market space at RMB 86.15 billion, a growth rate of 18.5% year‑on‑year. Global tracker shipments reached 111 GW (up 20% YoY), surpassing 100 GW for the first time. China’s tracker market was valued at RMB 23.96 billion, up 20.48% YoY.

This growth is mainly driven by the significantly improved economics of PV power generation, continued high installation volumes, and global “carbon neutrality” policies.

II. Technological Innovation & Standards: Trackers Lead, Intelligent Control & Standards Drive Development

(A) Continuous breakthroughs in tracker technology – higher power yields

Compared to fixed‑tilt structures, trackers can increase energy generation by 15% to 40% by continuously following the sun’s path. More than 40% of global ground‑mount PV systems now use trackers, with penetration exceeding 80% in markets like the US, Middle East, and Latin America.

For example, Trina Solar’s latest smart control system integrates intelligent electronic controls, a cloud platform, and SuperTrack algorithms, achieving up to 8% additional generation gain. Arctech’s “SkyWing 2” dual‑row multi‑point drive system, deployed at the 3 GW Mengxi Blue Sea PV plant, increased annual energy output by 7.41%.

(B) Rapid rollout of industry standards – promoting standardization

2024 became a crucial year for setting mounting system standards. In April, the China Photovoltaic Industry Association released the first domestic smart tracker standard “T/CPIA 0082—2024”. In August, the national standard “Technical requirements for sun tracking system of photovoltaic power station” (GB/T 29320-2024) was officially issued. In October, IEC international standard meetings further advanced standardization of trackers both domestically and globally. These standards lay a solid foundation for industry regulation and technology improvement.

III. Key Players: Accelerated Global Expansion, Strong Financial Results

Arctech: Overseas leader, global ranking leaps. Arctech’s 2024 revenue grew 41.3% year‑on‑year to RMB 9.026 billion, with net profit attributable to shareholders up 83% to RMB 632 million. Its global tracker shipment market share rose to 16%, lifting its ranking from fifth to second globally. Overseas revenue exceeded 80%, and Arctech ranks first in the Middle East market. It also completed a 15 GW annual capacity plant in Saudi Arabia and set up a third overseas production base in Brazil.

Trina Solar: Standard‑setter. Trina Solar led the drafting of China’s first smart tracker standard (“T/CPIA 0082—2024”), which came into force on September 15, 2024, further solidifying its industry leadership. The company supplied 400 MW of its TrinaTracker Vanguard 2P smart tracking solutions to a fishery‑PV complementary project in Dongying, Shandong – fully demonstrating product innovation and project delivery capabilities.

Antai New Energy: Accelerating global footprint. By end‑2024, Antai New Energy’s cumulative global shipments reached 41.7 GW, making it a top‑10 global tracker supplier, with business covering over 80 countries.

IV. Major Project Case Studies – from Fishery‑PV to Coal Subsidence Areas

Representative projects include:

The world’s largest single coal subsidence area PV base (3 GW) fully connected to the grid, 620 MW of which use Arctech’s SkyWing 2 tracking systems.

A 400 MW capacity expansion project in the Dongying National Large‑Scale Wind‑Solar Base, adopting a fishery‑PV complementary model.

A 10 MW project in Gujarat, India, successfully deployed, showcasing the strength of advanced technology solutions in overseas markets.

The successful implementation of these projects marks a shift toward more diverse, application‑specific PV mounting solutions.

V. Material & Technology Innovation: Zinc‑Aluminum‑Magnesium Coatings Drive Cost & Efficiency Gains

In materials, Zn‑Al‑Mg coated steel has become the mainstream choice for PV mounts (over 90% share) thanks to excellent corrosion resistance, formability, and self‑healing properties. Technology breakthroughs continued in 2024 – for example, Shangtuobiya’s 8 GW Zn‑Al‑Mg PV mounting project was put into operation in May 2024. The mounting systems also saw more customized and lightweight designs to adapt to different terrains and climates, such as foldable column foundations for debris flow‑prone areas and modular quick‑assembly designs – helping to improve installation efficiency and project ROI.