• In the Solar Tracker Market Report 2024 published by S&P Global, TrinaTracker ranked sixth in global shipments in 2023

• TrinaTracker's global market share was 6%, double what it was in 2022

• TrinaTracker ranked third for shipments to emerging markets such as South America and the Middle East

The renowned research institution, S&P Global, has published the Solar Tracker Market Report 2024, which states global shipments of solar trackers reached 94GW in 2023, 29% more than in 2022. Global market distribution began to shift last year, with the market share of the United States, traditionally the largest market for solar trackers, falling from 47% to 38%. In contrast, emerging markets grew markedly, with notable increases in Saudi Arabia, India and Uzbekistan.

TrinaTracker ranked sixth in global shipments in 2023, and third in key countries and regions, reported by S&P Global. TrinaTracker's global market share reached 6%, double that of the previous year. Its business growth ranked second worldwide, making it one of the fastest-growing companies. 

According to the report, TrinaTracker's shipments ranked third in South America, with volume of about 1.5GW, TrinaTracker became the largest Chinese solar tracker company in the region by shipment volume. The 520MW Santa Luzia Complex, one of the largest solar projects in Brazil, was officially operational at the beginning of the year. The 210MW Mauriti PV project in Brazil has also been successfully delivered. Brazil's CEMIG SIM PV power station uses Trina Solar's integrated delivery solution of Vertex modules + Vanguard trackers, pioneering a new business model in South America. In addition, TrinaTracker set the pace with significant shipments to Argentina, Chile, and Colombia.

The Middle East market expanded significantly and that trend is expected to continue until 2030. With its leading position in delivery volume, TrinaTracker is one of the pioneer suppliers in the Middle East. TrinaTracker exclusively supplied solar trackers for Qatar’s 875M industrial city solar power project, one of the most significant projects in the region. This project was developed by Qatar Energy, and Samsung C&T was the EPC. Furthermore, TrinaTracker has more than 2GW orders scheduled for the Middle East, and business volume is expected to continue to grow this year.

By the end of 2023, TrinaTracker had delivered smart tracker solutions to more than 700 solar plants in more than 60 countries, with cumulative shipments exceeding 20GW. This year, TrinaTracker aims to further strengthen its global presence, provide localized lower LCOE solar tracker solutions, and expect a further steady increase in business.

About Trina Solar 

Trina Solar was founded in 1997. As a global leading provider of photovoltaic (PV) modules and smart energy solutions, Trina Solar delivers PV products, applications, and services to promote sustainable development for the benefit of all humanity. By the end of March 2024, Trina Solar has shipped more than 205GW of modules. The company is currently developing a 5GW manufacturing base in Wilmer, Texas. Trina Solar has obtained extensive technical and brand recognition from renowned independent institutes worldwide, demonstrating the PV market's strong confidence in Trina’s product value, technological innovation, and financial performance. It has scored 100% in the BNEF Bankability Survey 7 years in a row, has won “Overall Highest Achiever” by RETC for 4 consecutive years, was awarded the highest ranking, AAA, 5 times in a row in the PVTech Bankability Ratings report, and has been awarded “Top Performer” by PVEL for 10 consecutive years. 

Trina Solar’s global business footprint has delivered clean energy to more than 170 countries and regions. With its mission of “Solar energy for all,” Trina Solar is committed to working with others to create a net-zero future. For more information, please visit www.trinasolar.com.