first emphasizes the potential for trackers, estimated nearly the same; the global tracker market reached 111 GW DC in 2024, marking a 20% increase over mounted installations. However, more than 90% the previous year and the strongest year on record. of these still use fixed-tilt systems, with only 7 to 8% employing trackers. Shu attributes the low of tracker uptake. The S&P report notes that growth was driven primarily by India and Saudi Arabia, while generation regions and eastern load centers, as most other regions showed relatively flat demand. well as extreme price sensitivity. In some cases, The top 5 markets are the US, India, Saudi Arabia, developers selected low-cost, low-reliability products, Spain, and Brazil, which together account for about leading to early technical issues, reinforcing the 70% of the market size (see graph for details). perception that trackers are complex and risky. While continues to lead in terms of growth, supported cost pressure on developers, it might also provide an utility-scale demand, which is expected to further Providing a global perspective, 2 leading market accelerate shipments in the coming years. India also research firms, S&P Global and Wood Mackenzie, have released reports on the trackers segment. Both between major suppliers and local EPC companies. - in fact, nearly identical. S&P Global's analysis, released in September 2025, estimated that global deployment. Wood Mackenzie noted that the US over year to 112 GW, up from 94 GW in 2023. Wood in 2024, with deployment of around 33 GW DC. Regional Share: Tracker shipments hit 112 GW in 2024. The US led with 29%, as India and Saudi