Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Global single-axis tracker revenues expected to reach nearly $2 billion in 2019, IHS says

By Steven Bushong | March 23, 2015

Share

Global single-axis tracker revenues are expected to grow 120%, to reach nearly $2 billion in 2019, according to IHS, a global source of critical information and insight. 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. Overall global ground-mount solar photovoltaic (PV) installations are forecast to increase an average of 7% per year, reaching 33 gigawatts (GW) in 2019; utility-scale installations will account for 73% of the total.

“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 favoring single-axis trackers, especially as prices have fallen rapidly in recent years.”

According to the IHS “PV Balance of System Equipment – 2015” report, the global market for ground-mount structural BoS will be dominated by fixed-tilt structures, which will account for 67 percent 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.

The United States will be the largest global market for single-axis trackers in 2019, accounting for 36 percent 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 currently 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 favor single-axis trackers, larger Asian markets, such as China and India, currently 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 labor costs, suppliers like 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.

 Source: IHS “PV Balance of System Equipment – 2015”

The scope of the IHS “PV Balance of System Equipment – 2015” report is segmented into electrical BoS products, such as DC cabling, combiner box, connectors, inverters and system monitoring hardware, as well as structural BoS products, such as rooftop and ground-mount structural mounting products. The report covers the total market for PV BoS equipment, which is defined as any part of a PV system’s hardware excluding the PV module. The report does not analyze components on the AC side of the inverter (e.g., AC cabling or AC combiner boxes). For more information about this report, visit here.

Solar Power World


Filed Under: Renewable energy

 

Related Articles Read More >

Solar Atmospheres partners with energy storage company
Material simulation, testing improve lifespan of offshore wind turbines
TEGAM announces the ultimate handheld meter – the Display Probe
Harting presents new wind solutions at HUSUM Wind

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Global supply needs drive increased manufacturing footprint development
  • How to Increase Rotational Capacity for a Retaining Ring
  • Cordis high resolution electronic proportional pressure controls
  • WAGO’s custom designed interface wiring system making industrial applications easier
  • 10 Reasons to Specify Valve Manifolds
  • Case study: How a 3D-printed tool saved thousands of hours and dollars

Design World Podcasts

May 17, 2022
Another view on additive and the aerospace industry
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings