Arctech Secures Second Place in Solar Tracker Market
Arctech's recent surge in the solar tracker market has been remarkable. According to the latest report by Wood Mackenzie, Arctech has reached the impressive milestone of becoming the second largest player globally, boasting a substantial 16% market share. This achievement reflects not only the company’s dedication but also its robust strategies that have established its presence in crucial regions.
Exceptional Growth in a Competitive Industry
Over the past year, Arctech has experienced a staggering growth rate of 113%, making it the only manufacturer in the top ten to achieve over 100% year-on-year increase. This phenomenal growth far exceeds the industry's average, indicating that Arctech is not just keeping pace but is ahead of the curve.
Strength in Key Markets
Leadership Across Regions
Arctech has fortified its leadership position in several pivotal markets:
- Middle East: Arctech has consistently topped the market, becoming the region’s preferred tracker supplier.
- India and Asia-Pacific: The company has maintained its number one position for two consecutive years, reinforcing its dominance.
- Europe, Saudi Arabia, and Emerging Markets: Continuous growth in these regions showcases the effectiveness of its global expansion strategy.
During the last fiscal year, Arctech’s tracker shipments globally reached an impressive 17.41 GW. This achievement was made possible via a robust network of production, sales, and service facilities across three continents, paired with four service centers, six production bases, and 17 branches. This extensive setup ensures seamless end-to-end solutions for customers worldwide, from design to operation & maintenance.
Innovative Global Strategy
Tracker+ Strategy Enhancing Global Presence
With strategically placed production bases in Saudi Arabia and Brazil, as well as a logistics hub in Europe, Arctech is enhancing its globally integrated supply chain. The strategy has significantly differentiated Arctech from its competitors and has secured several multi-gigawatt projects across locations such as India, the UAE, and Argentina, providing a testament to the strength of its innovative research and development as well as localized operations.
Upcoming Showcase at SNEC 2025
Arctech is excited to announce its participation in the upcoming SNEC event from June 11th to 13th. The company will be unveiling its comprehensive range of Tracker+ and Green Power+ solutions, designed to offer smart energy options for complex energy scenarios. This showcase at Booth 3H-A110 will not only highlight technological advancements but also demonstrate Arctech’s commitment to driving the global energy transition forward.
Frequently Asked Questions
What position did Arctech recently achieve in the market?
Arctech became the second largest player in the solar tracker market, holding a 16% market share.
What growth rate did Arctech experience?
Arctech reported a growth rate of 113%, outpacing most competitors in the solar industry.
In which regions has Arctech established leadership?
Arctech has established leadership in the Middle East, India, Asia-Pacific, Europe, and other emerging markets.
What is the Tracker+ strategy?
The Tracker+ strategy integrates global supply chains and innovative practices to secure large-scale projects and enhance operational efficiency.
What will Arctech showcase at SNEC 2025?
At SNEC 2025, Arctech will unveil its Tracker+ and Green Power+ solutions aimed at fostering smart energy transitions.
