The 2nd place, however, saw an interesting twist, with However, the market declined by about 9% year over year, marking a rare contraction after several years Array Technologies and Arctech swapping ranks. Array, which was placed 2nd in 2023, is now ranked of sustained growth. In Europe, Spain recorded its 5"h, as Arctech makes a big leap from 5th to 2nd. The highest tracker demand ever during the year. 3.2 Market Positioning of Leading Tracker 15% and 9%, respectively, in 2024, in line with their revised rankings. Array's fall, according to Wood In addition to analyzing demand-side trends, both Mackenzie, also widened the gap between the 2 major US-based suppliers, Nextpower and Array. the market positioning of individual companies. The 3'"d and 4" ranks, however, were retained by According to both reports, Nextpower (formerly Solar with a 12% market share and PVH 9%. of the segment. According to Wood Mackenzie's Among the top 5 suppliers, only the market leader Global Solar PV Tracker Market Share 2024 Report, Nextpower and PVH participated in the survey, while of the global rankings. The company shipped 28.5 GW, a 39% year-on-year increase, and captured In fact, PVH is a new entrant to our survey. 26% of the global market, while S&P Global estimates its share at 25%. Wood Mackenzie states manufacturer headquartered in Spain. The trackers worldwide, delivering systems for more is among the leading suppliers in Europe, alongside than 500 PV plants across 45 countries, according to company disclosures. According to S&P Global,