What's Happening?
US-based NextPower has achieved the top position in Wood Mackenzie’s global photovoltaic (PV) tracker manufacturer rankings for the first half of 2025. This ranking places NextPower ahead of Chinese manufacturer Trina Tracker and another US-based company, Array. The evaluation included 24 leading manufacturers from five countries, highlighting a market increasingly defined by operational excellence and technological innovation. According to Timothy Shen, Senior Research Analyst at Wood Mackenzie, the competitive advantage in this sector is now determined by capabilities across Environmental, Social, and Governance (ESG) initiatives, service quality, and resilient supply chains. The ranking methodology is based on eight weighted criteria, including
ESG adherence, aftersales service, research and development, and supply chain stability. Notably, 99 percent of global tracker shipments now come from Grade A manufacturers, which meet Wood Mackenzie’s benchmark for industry best practices.
Why It's Important?
The prominence of NextPower in the global PV tracker rankings underscores the growing importance of ESG initiatives and operational resilience in the renewable energy sector. As the industry consolidates around Grade A manufacturers, companies that excel in these areas are likely to gain a competitive edge. This shift reflects broader trends in the energy market, where sustainability and long-term risk mitigation are becoming critical factors for success. The emphasis on ESG and service quality not only enhances the reputation of leading manufacturers but also provides assurance to investors and developers about the reliability and sustainability of their projects. This development could influence future investment decisions and policy-making in the renewable energy sector, potentially accelerating the transition to more sustainable energy sources.
What's Next?
As the global PV tracker market continues to consolidate, leading manufacturers are expected to further enhance their operational efficiency and ESG adherence. Geographic diversification is likely to accelerate as companies seek to mitigate trade risks and supply chain disruptions. This could involve expanding overseas production to maintain supply reliability and strengthen market access in North America, Europe, and emerging economies. Additionally, ongoing investments in AI-integrated control systems and high-strength materials are expected to meet evolving requirements for wind performance and complex terrain conditions. These advancements could set new standards for the next phase of growth in the renewable energy sector, influencing both market dynamics and regulatory frameworks.
