In 2023, the global market share of the tracking bracket system reached 9%, ranking fifth in the world.

Kunshan, July 30, 2024 / PRNewswire/ - Recently, the Global Solar PV Tracker Market Share Report 2024 published by the international well-known energy consulting firm Wood Mackenzie showed that Arctech Solar Holding's global market share of tracking bracket system shipments in 2023 reached 9%, ranking fifth in the world. It is the only Chinese company among the top five in the world and continues to lead the global tracking bracket market.

• Leading the market, business continues to grow.

As a global leading photovoltaic tracking system enterprise, Arctech Solar Holding has maintained continuous growth in global shipments in recent years. In 2023, the global tracking system shipments reached 7.64 GW, a year-on-year increase of 129.47%, and the operating income of tracking business was 3.598 billion, a year-on-year increase of 124.13%.

In the first half of 2024, Arctech Solar Holding maintained strong momentum and rapid growth. As of June 30, the company had approximately 6.669 billion yuan (exclusive of tax) in hand orders, of which tracking brackets accounted for approximately 5.549 billion yuan, a year-on-year increase of approximately 183.11%. It also saw a comprehensive increase in market share in regions such as India and the Middle East. In the first half of 2024, new orders in India exceeded 6GW and in the Middle East exceeded 3.7GW, including several GW-level projects such as Khavda II 4.3GW, Rajasthan 1.8GW, Saudi Arabia REPDO4 AHK 1.2GW, and Dubai DEWA6 1.2GW.

• Leading strength, building global competitiveness.

In the fiercely competitive global market, with continuous orders and expanding business, Arctech Solar Holding's source of growth comes from high recognition from its customers. Arctech Solar Holding has always put customers at the center and provided them with differentiated leading product solutions and services.

The three flagship products of the tracking bracket, Tianji II, Tianzhi II, and Tianshuang, are equipped with Arctech Solar Holding's globally first multi-point parallel driving technology, which improves the ability to resist harsh weather conditions and achieve efficient and stable power generation. With the second-generation intelligent algorithm, it can achieve an additional increase of 8%, improving the power generation capacity of the power station and the overall life cycle yield.

Arctech Solar Holding has three overseas regional headquarters, four service centers, and seven branch institutions worldwide. It also has five production bases at home and abroad, including India and Saudi Arabia. Its localized operation provides customized solutions, quick service response, and efficient quality delivery, further enhancing the company's customer recognition worldwide.

"Technology empowerment, leading industry development." Arctech Solar Holding will continue to take it as its mission, uphold the concept of "not forgetting the original intention, and forging ahead", create value for customers and the industry, and provide competitive differentiated products and services in the global market, making contributions to global green energy transformation and sustainable development.