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I. Market Size Forecast
"Overall market growth
The global photovoltaic bracket market size is expected to be 16.28 billion US dollars (approximately 128.7 billion yuan) in 2024 and will increase to 154.13 billion yuan (approximately 21.78 billion US dollars) by 2025, with a compound annual growth rate (CAGR) of 19.8%.
In the long term, the market size is expected to further expand to 34.95 billion US dollars by 2031, with a CAGR of 11.7% (2025-2031).
2. ** Market Segment Performance **
- ** Tracking brackets ** : The market size is expected to reach ** 65.1 billion yuan ** (approximately 9.2 billion US dollars) in 2025, with an average annual growth rate of **20%**, significantly higher than that of fixed brackets. Its penetration rate will increase from less than 20% in 2023 to over 30% in 2025, mainly benefiting from improved power generation efficiency and cost optimization.
- ** Dual-axis tracking system ** : The market size was 1.2 billion US dollars in 2022 and is expected to increase to 3 billion US dollars by 2030, with a CAGR of **12.2%**. It is mainly applied in large ground-mounted power stations and areas with high radiation.
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Ii. ** Core Driving Factors **
1. Policy Support and Energy Transition
The global carbon neutrality goal is driving the demand for photovoltaic installations. For instance, the European Union plans to have renewable energy account for 45% by 2030, and the solar capacity in the United States is expected to increase from 100GW in 2020 to 300GW in 2030.
China's 14th Five-Year Plan clearly states the construction of large-scale wind and solar bases and the accelerated application of tracking brackets in ultra-high voltage supporting projects.
2. Technological Progress and Cost Reduction
- ** Intelligence and Electrification ** : For instance, Trina Tracking has launched an AI-driven control system (SuperTrack algorithm + Smart cloud platform), which can increase power generation by up to 8%.
- ** Material lightweighting ** : Carbon fiber and fiberglass reinforced plastic replace traditional steel, reducing weight by 30%, enhancing corrosion resistance, and extending the service life of the support frame to over 30 years.
- Decline in raw material costs: In 2023, the prices of steel and aluminum materials dropped, and the gross profit margin of the support segment increased to 16%-20%.
3. The economic advantage is prominent
The tracking bracket can increase power generation by 25%-45% compared with the fixed bracket, reduce the cost of electricity per kilowatt-hour (LCOE) over the entire life cycle by 10%-15%, and offer a higher return on investment.
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Iii. Regional Market Trends
1. China and Europe dominate the market
China and Europe together account for 80% of the global market share. The Chinese tracking bracket market is expected to exceed 4.3GW in 2025 (based on the 2023 base). Europe is accelerating photovoltaic installations due to the energy crisis, and Germany has continuously led the EU in new installations.
- ** Middle East and Latin America ** : Emerging markets such as Saudi Arabia and Brazil have become growth engines. Enterprises like Zhongxinbo and Guoruineng have seized market share through local factories (such as the 3GW capacity in Jeddah, Saudi Arabia).
2. ** The potential of North America and Asia-Pacific **
The demand for tracking brackets in the United States is strong, and it is expected that the cumulative installation capacity will exceed 660GW by 2030.
Due to high electricity prices and the promotion of distributed photovoltaic policies in India and Southeast Asia, the average annual growth rate of support brackets has exceeded 15%.
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Iv. Competitive Landscape and Leading Enterprises
1. "The global tripartite pattern
Nextracker, Zhongxinbo and Array Technologies rank among the top three globally, with a combined market share of 25%. As the only Chinese enterprise to enter the top five, Zhongxinbo accounted for 9% of the global shipment volume of tracking brackets in 2023.
Trina Solar, Guorui Energy and others have expanded their differentiated advantages through technological innovation, such as Trina's "Tianrou" wireless drive technology.
2. Chinese enterprises are accelerating their overseas expansion
Zhongxinbo's overseas revenue accounted for 83% (in 2024), Guoruineng's European market target was Japan (with a cumulative shipment of 33GW), and Meibate's Middle East products were adapted to desert climates.
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V. Risks and Challenges
"Trade Barriers and Policy Fluctuations
The United States has imposed a 245% tariff on Chinese photovoltaic products. The re-export trade of Indonesia and Saudi Arabia is restricted. Enterprises need to build factories overseas to avoid risks.
2. ** Technology and Cost Pressure **
The initial cost of the dual-axis tracking system is high (40%-60% more expensive than the fixed bracket), and the complexity of maintenance restricts its application in small and medium-sized projects.
Fluctuations in raw material prices (such as steel and aluminium) and risks of supply chain disruptions still exist.
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Vi. Future Outlook
- ** Technology Integration ** : AI algorithms and the Internet of Things (IoT) are deeply integrated to achieve dynamic optimization of brackets and remote operation and maintenance, reducing the need for manual intervention.
- **BIPV and Energy Storage Synergy ** : The market for building-integrated photovoltaics (BIPV) is on the rise. Companies like Zhongxinbo and Qingyuan Co., Ltd. are making investments in roof and carport brackets. It is estimated that the BIPV market size will exceed 10 billion yuan by 2025.
- ** Emerging Market Opportunities ** : In regions rich in irradiation resources such as Africa and Latin America, the penetration rate of tracking stents is expected to increase from less than 10% to 20%.
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Summary
In 2025, the global photovoltaic bracket market will witness a dual-wheel growth of "technology-driven + global layout", with tracking the increase in bracket penetration rate and intelligent upgrade as the core trends. Enterprises need to deal with trade frictions and cost pressures, and consolidate their competitiveness through technological innovation and in-depth regional development.
