Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, June 01 2021 - 18:23
AsiaNet
Arctech Remained World's 4th Largest Solar Tracker Supplier in 2020
SHANGHAI, June 1, 2021 /PRNewswire-AsiaNet/ --

Arctech, a leading manufacturer and supplier of solar trackers, fixed-tilt 
structures and BIPV systems, remained the fourth place in the global PV tracker 
market share rankings in 2020 with a market share of 8%, according to new data 
from Wood Mackenzie. The ranking is the recognition of Arctech's 
industry-leading 1P and 2P trackers, as well as its quality services.

Wood Mackenzie's new report shows that Arctech maintained strong momentum in 
China, India, the Asian Pacific region and the Middle East in 2020, and 
expansion in Latin America and North America also started to bear fruit.

According to the report, Arctech topped the ranking in the Asian Pacific region 
with a 35% market share, aided by the unparalleled leadership in the Indian 
solar market. The company maintained the number 1 tracker supplier in the 
region for three consecutive years. 

Despite the pandemic disruption in India, Arctech struck a deal with one 
leading Indian developer to supply 1.7 GW of 1P SkyLine trackers to two 
projects in Rajasthan. In particular, the 860MW AEML solar power plant is the 
largest bifacial+tracker power generation project in India. 

In the Middle East, Arctech rose to the second largest tracker supplier with a 
33% market share, up a whopping 25% from 2019, according to Wood Mackenzie. The 
firm supplied 575 MW of SkyLine to the largest bifacial+tracker solar park in 
Oman last year. 

Arctech ranked as the top tracker supplier in LATAM for the third year, and it 
continued to take the third spot in the Mexican market ranking in 2020. The 
sales momentum for Arctech's signature 2P tracker, SkySmart II, remains strong 
in the region, especially in Chile, Colombia and Argentina.

The report notes that Arctech was still the unchallenged leader in China's 
solar tracker sector, claiming a dominant market share of 46% in 2020.  The 
company delivered SkyLine to a 3.2GW solar park, the world's largest solar PV 
plant in Qinghai province. Compared with some rivals who outsource 
manufacturing, Arctech boasts the combination of in-house product design, 
development and manufacturing, enabling it to have an edge in the 
cost-controllable production, quality control and delivery process. 

"While the global solar market kept growing in 2020, we could still feel the 
impact of the pandemic. The fact that Arctech remained as the world's 
fourth-largest tracker vendor justifies our global initiatives and highlights 
the competitiveness of Arctech's trackers in the global market. The ranking 
speaks to our culture of innovation and technical leadership, and is also the 
result of our valued customer-first approach," said Guy Rong, President of 
Global Business. "But we still have a long way to go. We will unwaveringly push 
ahead with the global strategy and continue to establish competitive strengths 
in the talent pool, supply chain, branding, service networks, among others. By 
pushing boundaries, Arctech is looking forward to building further on this 
success in 2021."

SOURCE  Arctech

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   Link: https://iop.asianetnews.net/view-attachment?attach-id=392781

   Caption: Source: Wood Mackenzie Power& Renewables

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