Arctech Solar Tops the GTM Asia-Pacific PV Tracker Market Share List, Also Leads Indian and Chinese Markets in 2016

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Arctech Solar

12 May, 2017, 11:57 IST

SHANGHAI, May 12, 2017 /PRNewswire/ -- According to the recent Global PV Tracker Landscape 2017 report published by GTM Research, Arctech Solar, a leading manufacturer and solution provider of solar tracking and racking systems, was ranked No. 1 on the Asia-Pacific PV tracker supplier market share list with a total market share of 30%. This market share ratio has far exceeded other manufacturers in this region in 2016. Meanwhile, Arctech was also the No.1 leader in China and India. Being the only Chinese PV tracking manufacturer on the global list, these rankings are testimonials to Arctech Solar's outstanding performance.

In recent years, the Asia-Pacific region is home to Arctech Solar's gradual expansion in establishing its global market portfolio. Thanks to the Indian and Chinese markets' increasing demands, Arctech Solar's sales volume has increased dramatically in 2016. This also prompted Arctech Solar to climb to the Top 5 global PV tracker suppliers of the year. Furthermore, in the same report by GTM, Arctech Solar ranked No. 7 on the cumulative shipments of global PV tracker suppliers as of the end of 2016. The global rank indicates Arctech's strong development in the global market.

Mr. Guy Rong, President of Arctech Solar's international business division indicated that just last month, Arctech Solar was ranked Top 5 by IHS for tracker performance in 2016. "The rankings by these international research institutions show the competitiveness of Arctech Solar in an objective way. These rankings reflect that the tracker products made in China has gradually obtained attention and trust from global customers. Certainly, we realize that we still have a huge room for improvement. We will quickly carry out our internationalization process and put more efforts in other important markets."

Almost halfway through 2017, Arctech Solar's orders for trackers and fixed mounting structures have already surpassed last year's total sales volume, meaning the company is making history once again with good performance this year, and is moving ever closer to its desired goals of being a leading tracking and racking systems manufacturer.

About Arctech Solar

Arctech Solar is one of the world's leading manufacturers and solution providers of solar tracking and racking systems. Through 8 years of development, Arctech Solar has set up manufacturing bases in Kunshan and Changzhou in China and also set up subsidiaries and service centers in many country regional markets such as America, Japan, India, Europe and Shanghai. Arctech Solar has cumulatively installed 10GW and completed almost 600 projects in more than 10 countries. With a production capacity of 6GW and 3GW respectively in fixed mounting structure and tracker fields (a total annual capacity of 9GW), Arctech Solar has grown into a reliable partner in the global PV tracking and racking system field.