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Global solar PV tracker shipments exceeded 20 GW for first time in 2018, with NEXTracker leading the marketMarch 19, 2019Global unit shipments of single-axis solar photovoltaic (PV) trackers increased by over 40 percent in 2018, surpassing 20 gigawatts-dc (GW) globally for the first time.
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SolarEdge acquires UPS supplier Gamatronic, signaling race for PV inverter suppliers to diversify business modelsMay 17, 2018Leading solar inverter supplier SolarEdge announced on May 9, 2018, its intention to acquire Gamatronic, a manufacturer of uninterruptible power supply (UPS) systems. This move is a clear indication of SolarEdge’s plans to diversify its business outside of solar, and to expand into new large revenue industries with potential for disruption. This asset purchase agreement will enable SolarEdge to build a presence in the UPS market, which will reach nearly $8 billion globally in 2018.
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NEXTracker and Array Technologies Reign Supreme in Global PV Tracker Market, IHS Markit SaysMarch 30, 2017NEXTracker and Array Technologies remain far and away the leading suppliers of PV tracker systems globally, in addition to being leading suppliers of PV structural equipment in general. Vertically integrated suppliers First Solar and SunPower notably lost market share in 2016. This has coincided with First Solar’s announcement to downsize its EPC business and to exit the structures market in 2016. Convert Italia and Arctech have risen into the top five, finding success in emerging tracker markets outside of the United States in Latin America, the EMEA region, and India. In the United States -- the largest market for PV tracker products globally -- Soltec, GameChange Solar, and Sunlink were the winners in terms of growth in the market outside of the big two (NEXTracker and Array Technologies).
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Solar Microinverter and Power Optimizer Market to Break $1 Billion Barrier in 2018September 18, 2014The market for global photovoltaic (PV) solar microinverters and power optimizers is forecast to more than triple in the coming years, rising to more than $1 billion in 2018, as both established and new regions increase their adoption of the emerging technology, according to IHS Technology (NYSE: IHS).
