Solar Tracker Market Status, Growth Opportunity, Size, Trends, Key Industry Outlook 2022 – 2028

Posted on Jun 23 2022 4:23 AM

"Leading Companies in Solar Tracker Market are NEXTracker, Array Technologies, Soltec, Arctech Solar, Convert Italia, PV Hardware, STi Norland, Ideematec, Solar Steel, SunPower, Scorpius Trackers, Exosun, Sun Action Trackers "

The global solar tracker market size is expected to gain momentum by reaching USD 54.23 billion by 2028 while exhibiting an impressive CAGR of 16.3% between 2021 to 2028.

The Solar Tracker Market 2022 | Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights.The Solar Tracker Market Growth rate or CAGR exhibited by a market for a given forecast period is calculated based on various factors and their level of impact on the market.

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                           Solar Tracker Market

Key Industry Development: 

April 2021- After the launch of the Vanguard series in December 2020, Trina Solar announced the launch of TrinaTracker Agile 1P Dual Row. It is a dual-row, one-in-portrait and shows compatibility with single-axis tracker modules from 400 W to 670 W.

Solar Tracker Market Report Scope: 

Market size available for years 2022-2028
CAGR Value  16.3%
Base year considered 2021
Historical data 2018-2020
Forecast Period 2022-2028
Quantitative units Revenue in USD million and CAGR from 2022-20281
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options


Industry Globalization Drivers:

Rising Demand for Renewable Energy Sources to Fuel Market Growth

The rising demand for renewable energy sources to reduce carbon emissions is driving the solar tracker market growth. In the present situation, renewable sources account for around 29% of the total electricity generation across the globe. This is expected to see a considerable rise in the upcoming years. For instance, in 2015, global solar energy accounted for 217.34GW, increasing to 578.55 GW in just four years.

On the other hand, factors such as the initial requirement of heavy capital investments and lack of required infrastructure are slowing down the market growth.

The Solar Tracker Market COVID-19 influence analysis:

  • Pre & post COVID-19 market size
  • A qualitative investigation of the long-term & short term influence of COVID-19 on the industry
  • The analysis provides the main approaches adopted by competitors to minimize the impact of the epidemics on their enterprise activities & scope for future developments.

Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy

The study provides analysis on market participants including:

  • NEXTracker (United States)
  • Array Technologies (United States)
  • Soltec (Spain)
  • Arctech Solar (China)
  • Convert Italia (Italy)
  • PV Hardware (Spain)
  • STi Norland (Spain)
  • Ideematec (Germany)
  • Solar Steel (UK)
  • SunPower (United States)
  • Scorpius Trackers (India)
  • Exosun (Russia)
  • Sun Action Trackers (United States)


Segmental Outlook

Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2028).

Highlights of the Report:

Industry Overview: The first section of the research study covers an overview of the global Solar Tracker Market,market status and prospects,and product range. In addition,it provides highlights of the major segments of the global Solar Tracker Market,i.e. region, type and application segments.

 Competitive Analysis:This report illuminates important mergers and acquisitions,business expansion,product or service differences,market concentration,competitive status of the global Solar Tracker Market, and market size by player.

Company Profiles and Key Data:This section covers companies profiling the major players in the global Solar Tracker Market based on the aforementioned revenue,products,business and other factors.

 Market size by type and application:In addition to providing in-depth analysis of the global Solar Tracker Market size by type and application,this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends and opportunities of the global Solar Tracker Market. This section also includes Porter's analysis of five forces.

 Findings and Conclusions:It provides strong recommendations for new as well as established players for securing a position of strength in the global Solar Tracker Market.

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Detailed TOC of Global Solar Tracker Market Report 2022

Solar Tracker Market Introduction and Market Overview

  • Objectives of the Study
  • Overview of Solar Tracker Market
  • Solar Tracker Market Market Scope and Market Size Estimation
  • Market Concentration Ratio and Market Maturity Analysis
  • Global Solar Tracker Market Revenue and Growth Rate

 Market Segmentation

  • Types of Solar Tracker Market
  • Applications of Solar Tracker Market
  • Research Regions
  • Market Dynamics
  • Solar Tracker Market Industry Trends
  • Solar Tracker Market Drivers
  • Solar Tracker Market Market Challenges
  • Solar Tracker Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Solar Tracker Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Solar Tracker Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Solar Tracker Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Solar Tracker Market
  • Major Players Manufacturing Base of Solar Tracker Market in 2028
  • Major Players Market Distribution in 2028
  • Solar Tracker Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Solar Tracker Market
  • Market Channel Analysis of Solar Tracker Market
  • Major Down Stream Customers by Application


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