Solar Tracker Market Scope
The report includes the adoption of major Solar Tracker market trends influencing the market and factors that hamper the growth of the market. Understanding these factors is very essential in planning and designing the product as well as business strategies. The report gives a detailed analysis of these trends and challenges to help you understand the Solar Tracker market. The report provides the market size and share of the Solar Tracker market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Solar Tracker market.
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Solar Tracker Market size reached USD 13.30 billion in 2021 and is expected to reach USD 54.19 billion by 2029, growing at a CAGR of 19.2 % during the forecast period.
Solar Tracker Market Overview
The new market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Solar Tracker Market suppliers in the forecast period through 2029. The Maximize Market Research, an Solar Tracker market research firm, has served more than 600 clients across the world since 2017.
Segmentation
Single-axis trackers are now very common in utility-scale installations. Single axis trackers are now almost universal in utility-scale installations. In 2021, single-axis tracking technology will be used in approximately 72% of utility-scale installations. The single-axis solar tracker costs 50% more than a fixed PV panel setup, but it provides an additional 25-35% capacity surge. Horizontal single-axis trackers (HSAT) are now the most popular tracker choice because they can provide 20-30% more energy without the added cost and complexity of dual-axis tracking systems. The North American single-axis Solar Tracker Market is expected to grow rapidly because of its low cost, reliability, and longer lifespan as compared to other segments.
Key Players
• Array Technologies, Inc. (U.S.)
• NEXTracker (U.S.)
• Array Technologies (U.S.)
• Trina Solar (China)
• SunPower Corporation (U.S.)
• ArcelorMittal Projects (Luxemburg)
• Soltec (Spain)
• Convert Italia (Italy)
• PV Hardware (Spain)
• Arctech Solar (U.S.)
• Solar Steel (Spain)
• Ideematec (Germany)
• Scorpius Trackers (India)
• Sun Action Trackers (U.S.)
• DEGERENERGIE GMBH & CO. KG (Germany)
• GameChange Solar (New York)
• STI Norland (Spain)
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Regional Analysis
The reports include Regional Insights that ensure the Solar Tracker market on a regional level. Understanding local, economic, political, and geographic variables are critical for the analysis of Solar Tracker market change regional-wise. The functioning of the Solar Tracker market has a significant impact on local development plans. The report enables the analysis of regional factors that affect the Solar Tracker market and local growth in domestic countries.
Key Questions answered in the Solar Tracker Market Report are:
Key offerings:
Table Of Content:
1. Global Solar Tracker Market: Research Methodology
2. Global Solar Tracker Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Solar Tracker Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Solar Tracker Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Global Solar Tracker Market Segmentation
4.1. Global Solar Tracker Market, by Type (2021-2029)
• Single Axis
• Dual Axis
4.2. Global Solar Tracker Market, by Application (2021-2029)
• Residential
• Commercial
• Utility
5. North America Solar Tracker Market(2021-2029)
5.1 North American Solar Tracker Market, by Type (2021-2029)
• Single Axis
• Dual Axis
5.2 North America Solar Tracker Market, by Application (2021-2029)
• Residential
• Commercial
• Utility
5.3 North America Solar Tracker Market, by Country (2021-2029)
• United States
• Canada
• Mexico
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Maximize Market Research has also published the following reports:
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