Market Overview: Global Shipments Exceed 100GW for the First Time, Reshaping the Landscape
The global tracking bracket market hit a new record in 2024. According to multiple authoritative research agencies, total global shipments grew by approximately 20% year-on-year, surpassing the 100GW milestone for the first time, reaching 111GW. The global market size also grew steadily, with an estimated total market value of approximately $44.5 billion in 2024.
In terms of market structure, the global competitive landscape is being reshaped, with three Chinese companies ranking among the global top ten.
Arctech: Rose from 5th to 2nd globally, increasing market share from 9% to 16%, with shipments reaching 17.41GW, a year-on-year increase of 127.93%.
TrinaTracker: Ranked 6th globally, maintaining a stable 6% market share, and was among the top five in key markets such as Europe, Latin America, and the Middle East.
Antaisolar: Made its debut on the list at 9th with shipments of 2.55GW, growing faster than the industry average.
Regional market highlights: Overseas markets remained the core growth driver.
Middle East: Market shipments surged 205% to 15.4GW, with Arctech taking the top spot.
India: Shipments reached 15.8GW, dominating the Asia-Pacific region, where Arctech held a 48% market share.
Europe: Shipments grew steadily to 22.95GW, with TrinaTracker entering the top four for the first time.
USA: Although still the world's largest single market (33GW), it experienced its first decline in eight years.
Technological Innovation: Moving Towards Standardization and Intelligence
2024 was a pivotal year for smart tracking technology to mature and become standardized.
Standardization milestone: The China Photovoltaic Industry Association released the country's first standard for intelligent tracking brackets, providing a unified benchmark for technology evaluation.
Clear intelligent trend: The industry reached a consensus on three key technologies: optimizing high-diffuse irradiance (cloudy days), optimizing backtracking on complex terrain (reducing shading), and optimizing optimal tracking angles for bifacial modules.
AI and algorithms: The use of AI intelligent algorithms can increase power generation by an additional 2%-4% compared to conventional tracking, while also effectively ensuring the safety of PV power plants in extreme weather conditions like strong winds.
Policy and Market: Domestic Readiness, Overseas Drivers
Policy incentives and market demand are the two engines driving industry growth.
China's policy support: The National Energy Administration encouraged the application of large-span flexible brackets in photovoltaic desert control projects. Meanwhile, new regulations for "agrivoltaics" projects have created new opportunities for tracking brackets.
Global market demand: The boom in large-scale ground-mounted power plant construction is the core driver. Benefiting from this, the industry forecasts that the Chinese market's compound annual growth rate will remain at over 20% for the next five years.
Leading Manufacturers' Moves: Deepening Global Layout
To seize market opportunities and circumvent trade barriers, leading companies are accelerating their global expansion.
Arctech: Advanced construction of its Jeddah (Saudi Arabia) and Brazil factories, and signed large projects totalling over 6.7GW in India. During the SNEC exhibition, it also launched the world's first "Tianrou" flexible tracking bracket, applicable in agrivoltaic and aquavoltaic scenarios.
TrinaTracker: Promoted local manufacturing in Saudi Arabia and Brazil. Deep integration with TOPCon modules enables smoother power output curves.
Antaisolar: Built a global production network by partnering with Saudi industrial giant Bahra Electric for local manufacturing, as well as facilities in India and Indonesia.
