China-based Arctech, a global leader in solar tracking and racking solutions, has achieved a remarkable 131% annual growth rate, according to Wood Mackenzie's 2024 report. As per Arctech, this growth is driven by strategic globalization and localization, including manufacturing facilities in India with 3 GW capacity and the Middle East. Arctech dominates the Indian market with a 45% share, holds a significant 21% market share in the Middle East, along with a 36% market share in the APAC region. Arctech has generated 21.1 GWh of solar power and surpassed 68 GW in total installations. The company boasts a backlog worth RMB 6.669 billion for 2024 and a 183.11% increase in tracking system orders, solidifying its position as a leading player in the solar industry.