Market Report

The Global PV Tracker Landscape 2018: Prices, Forecasts, Market Shares and Vendor Profiles

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The global inverter market continues to concentrate. The top-20 vendors accounted for 93% of shipments in 2017, the highest since GTM began to keep track in 2010. Three-phase string inverter shipments grew 59% year-over-year and exceeded central inverter shipments by nearly 7 gigawatts. However, inverter shipments will fall 22% in 2018 due to the Chinese market downturn.

Inverter prices show no sign of stabilizing, current technology trends have not exhausted their cost-reduction potential, and many markets are still extremely fragmented.

This report provides detailed, country-specific pricing and forecasts for microinverters, single-phase string inverters, three-phase string inverters, central inverters and DC optimizers. The report also profiles and provides current and historical shipment totals for 23 of the world’s largest inverter suppliers. 

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Vendors profiled:

ABB | APsystems | Chint Power Systems | Delta Energy Systems | Enphase Energy | Fimer | Fronius | General Electric | Ginlong Solis | Huawei | Ingeteam | KACO New Energy | Omron | Power Electronics | Schneider Electric | Sineng | SMA | SolarEdge Technologies | Sungrow Power Supply | Tabuchi Electric | TBEA Sunoasis | TMEIC | Yaskawa-Solectria Solar

PV trackers continue to be the fast growing of all racking segments. The share of trackers among ground mount solar projects will jump to 42% by 2023, with significant near-term installation increases expected in 2018 and 2019. This report provides a comprehensive overview of the global PV tracker market. It details the market as it exists today, analyzes economic drivers for PV trackers, highlights new technologies and vendor service offerings, forecasts pricing and growth by region, and profiles and ranks leading tracker vendors. Our Power & Renewables reports and data provide deep insight into the current and future state of electricity generation.

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