Arctech ranks 4th in the global photovoltaic tracker market in 2020.
Wood Mackenzie’s report estimates the Chinese company’s market share at 8%.
Arctech in the photovoltaic panel race in Asia
With over a third of the Asian market share, Arctech is undaunted in its race for global leadership.
Recently, for example, the company signed a contract with Indian developers.
It will supply 1.7 GW of trackers for two projects in Rajasthan, including the 860 MW AEML solar power plant.
An undisputed Chinese leader
Despite strong competition in China, the company dominates with a 46% share of the country’s solar tracker market.
For example, Arctech supplied SkyLine to the world’s largest photovoltaic power plant in Qingha province.
Unlike its competitors, Arctech does not delegate, and manages design and development as well as manufacturing.
A considerable advantage.
Arctech exports to the Middle East and Latin America
Arctech’s market share in the Middle East rose from 25% in 2019 to 33% in 2020.
That year, the company supplied 575 MW of SkyLine trackers to Oman’s largest solar park.
Arctech is also the 3rd largest supplier of trackers in Mexico since 2020.
The trajectory that is taking shape bodes well for the company, which has managed to hold on to its 4th position.
The company has developed further with a clear strategy: to establish itself in Asia and expand into other regions of the world.
