The Solar Tracker For Power Generation Global Market Report 2023, provides comprehensive information on the solar tracker for power generation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Solar Tracker For Power Generation Market’s Growth:
As per The Business Research Company’s Solar Tracker For Power Generation Global Market Report 2023, the market size is expected to grow from $6.07 billion in 2022 to $6.72 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of solar tracker for power generation is expected to grow to $9.92 billion in 2027 at a CAGR of 10.2%.
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The development of innovative products is the key trend gaining popularity in the solar tracker for the power generation market. Major companies operating in the solar tracker for power generation market are focused on developing innovative products to strengthen their position in the market. For instance, in June 2021, Soltec, a Spain-based single-axis solar tracker manufacturer, launched the SFOne solar tracker. The new SFOne solar tracker is a highly adaptable solar tracker and can be used for any type of project across the globe. The stone now has a double row 1P configuration as well as Dy wind technology.
The solar tracker for power generation market is segmented:
1) By Product: Single Axis, Dual Axis
2) By Technology: PV, CSP
3) By Application: Residential Solar Tracker, Commercial and Industrial, Utility
North America was the largest region in the solar tracker for power generation market in 2022.
The table of contents in TBRC’s solar tracker for power generation market report includes:
- Executive Summary
- Solar Tracker For Power Generation Market Characteristics
- Solar Tracker For Power Generation Market Trends And Strategies
- Solar Tracker For Power Generation Market – Macro Economic Scenario
- Solar Tracker For Power Generation Market Size And Growth
- Solar Tracker For Power Generation Market Segmentation
- Solar Tracker For Power Generation Market Regional And Country Analysis
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- Solar Tracker For Power Generation Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Solar Tracker For Power Generation Market
- Solar Tracker For Power Generation Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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