NEXTracker, a Flex company, has attained the number one global market share position for the second consecutive year among PV solar tracker manufacturers in 2016. According to GTM Research’s upcoming Global PV Tracker Landscape Report 2017, NEXTracker captured 30 percent of the global PV tracker market share by megawatts (MWdc) shipped in 2016.
Scott Moskowitz, senior analyst at GTM Research, reports that NEXTracker grew its lead of the global tracker market from 24 percent to 30 percent, with specific market share lead in India, Asia Pacific, Chile, and Australia. The Company’s products have been installed in more than 11 countries with a total of 7.4 GW of NX Horizon PV systems sold.
The report finds that NEXTracker, in addition to capturing the number one global market share, also led the U.S. tracker market capturing 41 percent of 7,385 megawatt (MWdc) shipments. The company also continued to make headway in Asia-Pacific, particularly India and Australia, as the leader in those markets.
Recent NEXTracker global milestones include:
• United States: NEXTracker supplied over 3 GW of its NX Horizon single-axis trackers in 2016 to some of the largest utility-scale plants in the United States, such as Blythe, Comanche, and Three Peaks to name a few. Most notably, the Company increased its U.S. market share 13 points, representing 41 percent of all single-axis trackers shipped in 2016.
• India: The company has over 20 projects delivered or under fulfillment with seven of India’s largest developers and engineering procurement contractor companies (EPCs). As demand rapidly expands in the region NEXTracker will localize steel pipe manufacturing in India which is expected to reduce shipment time by up to 50 percent.
Last month, NEXTracker was also named the number one leading supplier of global PV tracker market share systems and a leading supplier of PV structural equipment by IHS Research. According to IHS Markit, the Company continues to retain its lead in shipped products among distributed and centralized tracker systems.