Arctech Leads Top 5 Solar Tracker Suppliers with 131 percent YoY Growth

In terms of market share, Arctech holds the No. 1 position in India with an impressive share of 45 percent, significantly surpassing other suppliers. Additionally, it has captured a substantial market share of 21 percennt in the Middle East region with a portfolio exceeding 10GW. Meanwhile, Arctech has maintained its position as the top solar tracker supplier in APAC for years and secured a market share of 36 percent in 2023. Its dominance extends to burgeoning Central Asian markets such as Uzbekistan.

One key factor contributing to Arctech's success is its signature solar tracking systems that demonstrate high adaptability across various topographies and economic environments. With a long-term strategic vision focused on entering high-potential markets early on, Arctech has established a strong foundation for sustained future growth in the APAC market.

In 2023, Arctech implemented tailored localization strategy focusing on Middle Eastern & Southwestern European markets while successfully penetrating into the fast-growing Middle European & mature Southwest European regions. Notably, it achieved significant milestones by winning nearly 350 MW solar projects in Europe in 2023 alone.  

Furthermore, with a proven track record of successfully executing large utility-scale projects such as the 365 MW project in Mexico, and by offering region-specific solutions and robust localization strategies, Arctech is among the Top 5 solar tracker suppliers in Latin America.