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Worldwide single-axis tracker revenues to grow 120% by 2019

Posted: 25 Mar 2015     Print Version  Bookmark and Share

Keywords:IHS  single-axis tracker  balance of system  PV  Sunpower 

Global single-axis tracker revenues will climb 120 per cent, to approach nearly $2 billion in 2019, according to the latest IHS report. The total global ground-mount solar photovoltaic (PV) installations are estimated to increase an average of 7 per cent per year, reaching 33GW in 2019, while utility-scale installations will account for 73 per cent of the total.

For the first time, single-axis trackers will be the preferred type of structural balance of system (BoS) ground mount in the Americas in 2015, noted the market research firm.

"The United States leads growth in the single-axis tracker market," said Cormac Gilligan, senior analyst, solar supply chain, IHS Technology. "Chile, Mexico and other emerging markets that have high irradiation are also favouring single-axis trackers, especially as prices have fallen rapidly in recent years."

According to the IHS report, "PV Balance of System Equipment - 2015," the global market for ground-mount structural BoS will be dominated by fixed-tilt structures, which will account for 67 per cent of total installations. Single-axis tracker installations are forecast to provide just over 9GW in 2019 driven mainly by the growth of utility-scale installations.

Global PV ground mount structural BoS revenues by product

The United States will be the largest global market for single-axis trackers in 2019, accounting for 36 per cent of all global installations. China and India are forecast to rank second and third, comprising almost 2GW of single-axis tracker installations in 2019.

In the United States, Sunpower, First Solar and other leading engineering, procurement and construction companies (EPCs), along with Nextracker, Clavijo and other pure-play suppliers, are promoting single-axis trackers in large utility-scale installations. "When single-axis trackers are installed in high irradiation locations, the additional energy yield means that customers can generate a higher return on investment," Gilligan said.

While Chile and other emerging markets favour single-axis trackers, larger Asian markets, such as China and India, prefer fixed-tilt trackers, due to the abundance of large domestic steel manufacturers that can manufacture them cheaply. In India and other markets with low labour costs, suppliers such as Tata International are installing seasonally adjusted trackers, which allow the angle of trackers to be changed seasonally by humans, rather than with motors. As these large Asian markets develop, IHS expects installations with single-axis trackers to increase rapidly, as existing suppliers develop new products and as new suppliers enter the market.

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