The global Solar Trackers market size was valued at US$ 207.4 million in 2023. With growing demand in downstream market, the Solar Trackers is forecast to a readjusted size of US$ 691 million by 2030 with a CAGR of 18.8% during review period.
The research report highlights the growth potential of the global Solar Trackers market. Solar Trackers are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Solar Trackers. 麻豆原创 players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Solar Trackers market.
Solar trackers are utilized to move photovoltaic panels toward the sun to utilize more sunlight. They enable solar modules to remain in the best position to accumulate maximum energy from the sun. The application of tracking technology allows solar panels to follow the movement of the sun and increase electricity production as compared to a stationary array. Solar trackers are attached to solar panels to adjust their positioning against the daily passage of the sun throughout the year as the weather and seasons change.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.320 GW.
Key Features:
The report on Solar Trackers market reflects various aspects and provide valuable insights into the industry.
麻豆原创 Size and Growth: The research report provide an overview of the current size and growth of the Solar Trackers market. It may include historical data, market segmentation by Type (e.g., Single Axis, Dual Axis), and regional breakdowns.
麻豆原创 Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Solar Trackers market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Solar Trackers market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Solar Trackers industry. This include advancements in Solar Trackers technology, Solar Trackers new entrants, Solar Trackers new investment, and other innovations that are shaping the future of Solar Trackers.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Solar Trackers market. It includes factors influencing customer ' purchasing decisions, preferences for Solar Trackers product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Solar Trackers market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Solar Trackers market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Solar Trackers market.
麻豆原创 Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Solar Trackers industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Solar Trackers market.
麻豆原创 Segmentation:
Solar Trackers market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Single Axis
Dual Axis
Segmentation by application
Utility
Non-Utility
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Soitec SA
Arctech
Array Technologies
Convert Italia
First Solar
NEXTracker
Abengoa
AllEarth Renewables
Edisun Microgrids
Exosun
GameChange Solar
Haosolar
Mahindra Susten
Scorpius Trackers
Solar FlexRack
Sun Action Trackers
SunLink
SunPower
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Trackers market?
What factors are driving Solar Trackers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Trackers market opportunities vary by end market size?
How does Solar Trackers break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Solar Trackers Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar Trackers by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar Trackers by Country/Region, 2019, 2023 & 2030
2.2 Solar Trackers Segment by Type
2.2.1 Single Axis
2.2.2 Dual Axis
2.3 Solar Trackers Sales by Type
2.3.1 Global Solar Trackers Sales 麻豆原创 Share by Type (2019-2024)
2.3.2 Global Solar Trackers Revenue and 麻豆原创 Share by Type (2019-2024)
2.3.3 Global Solar Trackers Sale Price by Type (2019-2024)
2.4 Solar Trackers Segment by Application
2.4.1 Utility
2.4.2 Non-Utility
2.5 Solar Trackers Sales by Application
2.5.1 Global Solar Trackers Sale 麻豆原创 Share by Application (2019-2024)
2.5.2 Global Solar Trackers Revenue and 麻豆原创 Share by Application (2019-2024)
2.5.3 Global Solar Trackers Sale Price by Application (2019-2024)
3 Global Solar Trackers by Company
3.1 Global Solar Trackers Breakdown Data by Company
3.1.1 Global Solar Trackers Annual Sales by Company (2019-2024)
3.1.2 Global Solar Trackers Sales 麻豆原创 Share by Company (2019-2024)
3.2 Global Solar Trackers Annual Revenue by Company (2019-2024)
3.2.1 Global Solar Trackers Revenue by Company (2019-2024)
3.2.2 Global Solar Trackers Revenue 麻豆原创 Share by Company (2019-2024)
3.3 Global Solar Trackers Sale Price by Company
3.4 Key Manufacturers Solar Trackers Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Trackers Product Location Distribution
3.4.2 Players Solar Trackers Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solar Trackers by Geographic Region
4.1 World Historic Solar Trackers 麻豆原创 Size by Geographic Region (2019-2024)
4.1.1 Global Solar Trackers Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar Trackers Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar Trackers 麻豆原创 Size by Country/Region (2019-2024)
4.2.1 Global Solar Trackers Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar Trackers Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar Trackers Sales Growth
4.4 APAC Solar Trackers Sales Growth
4.5 Europe Solar Trackers Sales Growth
4.6 Middle East & Africa Solar Trackers Sales Growth
5 Americas
5.1 Americas Solar Trackers Sales by Country
5.1.1 Americas Solar Trackers Sales by Country (2019-2024)
5.1.2 Americas Solar Trackers Revenue by Country (2019-2024)
5.2 Americas Solar Trackers Sales by Type
5.3 Americas Solar Trackers Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Trackers Sales by Region
6.1.1 APAC Solar Trackers Sales by Region (2019-2024)
6.1.2 APAC Solar Trackers Revenue by Region (2019-2024)
6.2 APAC Solar Trackers Sales by Type
6.3 APAC Solar Trackers Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar Trackers by Country
7.1.1 Europe Solar Trackers Sales by Country (2019-2024)
7.1.2 Europe Solar Trackers Revenue by Country (2019-2024)
7.2 Europe Solar Trackers Sales by Type
7.3 Europe Solar Trackers Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar Trackers by Country
8.1.1 Middle East & Africa Solar Trackers Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar Trackers Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar Trackers Sales by Type
8.3 Middle East & Africa Solar Trackers Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar Trackers
10.3 Manufacturing Process Analysis of Solar Trackers
10.4 Industry Chain Structure of Solar Trackers
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Trackers Distributors
11.3 Solar Trackers Customer
12 World Forecast Review for Solar Trackers by Geographic Region
12.1 Global Solar Trackers 麻豆原创 Size Forecast by Region
12.1.1 Global Solar Trackers Forecast by Region (2025-2030)
12.1.2 Global Solar Trackers Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solar Trackers Forecast by Type
12.7 Global Solar Trackers Forecast by Application
13 Key Players Analysis
13.1 Soitec SA
13.1.1 Soitec SA Company Information
13.1.2 Soitec SA Solar Trackers Product Portfolios and Specifications
13.1.3 Soitec SA Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Soitec SA Main Business Overview
13.1.5 Soitec SA Latest Developments
13.2 Arctech
13.2.1 Arctech Company Information
13.2.2 Arctech Solar Trackers Product Portfolios and Specifications
13.2.3 Arctech Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Arctech Main Business Overview
13.2.5 Arctech Latest Developments
13.3 Array Technologies
13.3.1 Array Technologies Company Information
13.3.2 Array Technologies Solar Trackers Product Portfolios and Specifications
13.3.3 Array Technologies Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Array Technologies Main Business Overview
13.3.5 Array Technologies Latest Developments
13.4 Convert Italia
13.4.1 Convert Italia Company Information
13.4.2 Convert Italia Solar Trackers Product Portfolios and Specifications
13.4.3 Convert Italia Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Convert Italia Main Business Overview
13.4.5 Convert Italia Latest Developments
13.5 First Solar
13.5.1 First Solar Company Information
13.5.2 First Solar Solar Trackers Product Portfolios and Specifications
13.5.3 First Solar Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 First Solar Main Business Overview
13.5.5 First Solar Latest Developments
13.6 NEXTracker
13.6.1 NEXTracker Company Information
13.6.2 NEXTracker Solar Trackers Product Portfolios and Specifications
13.6.3 NEXTracker Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 NEXTracker Main Business Overview
13.6.5 NEXTracker Latest Developments
13.7 Abengoa
13.7.1 Abengoa Company Information
13.7.2 Abengoa Solar Trackers Product Portfolios and Specifications
13.7.3 Abengoa Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Abengoa Main Business Overview
13.7.5 Abengoa Latest Developments
13.8 AllEarth Renewables
13.8.1 AllEarth Renewables Company Information
13.8.2 AllEarth Renewables Solar Trackers Product Portfolios and Specifications
13.8.3 AllEarth Renewables Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 AllEarth Renewables Main Business Overview
13.8.5 AllEarth Renewables Latest Developments
13.9 Edisun Microgrids
13.9.1 Edisun Microgrids Company Information
13.9.2 Edisun Microgrids Solar Trackers Product Portfolios and Specifications
13.9.3 Edisun Microgrids Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Edisun Microgrids Main Business Overview
13.9.5 Edisun Microgrids Latest Developments
13.10 Exosun
13.10.1 Exosun Company Information
13.10.2 Exosun Solar Trackers Product Portfolios and Specifications
13.10.3 Exosun Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Exosun Main Business Overview
13.10.5 Exosun Latest Developments
13.11 GameChange Solar
13.11.1 GameChange Solar Company Information
13.11.2 GameChange Solar Solar Trackers Product Portfolios and Specifications
13.11.3 GameChange Solar Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 GameChange Solar Main Business Overview
13.11.5 GameChange Solar Latest Developments
13.12 Haosolar
13.12.1 Haosolar Company Information
13.12.2 Haosolar Solar Trackers Product Portfolios and Specifications
13.12.3 Haosolar Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Haosolar Main Business Overview
13.12.5 Haosolar Latest Developments
13.13 Mahindra Susten
13.13.1 Mahindra Susten Company Information
13.13.2 Mahindra Susten Solar Trackers Product Portfolios and Specifications
13.13.3 Mahindra Susten Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Mahindra Susten Main Business Overview
13.13.5 Mahindra Susten Latest Developments
13.14 Scorpius Trackers
13.14.1 Scorpius Trackers Company Information
13.14.2 Scorpius Trackers Solar Trackers Product Portfolios and Specifications
13.14.3 Scorpius Trackers Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Scorpius Trackers Main Business Overview
13.14.5 Scorpius Trackers Latest Developments
13.15 Solar FlexRack
13.15.1 Solar FlexRack Company Information
13.15.2 Solar FlexRack Solar Trackers Product Portfolios and Specifications
13.15.3 Solar FlexRack Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Solar FlexRack Main Business Overview
13.15.5 Solar FlexRack Latest Developments
13.16 Sun Action Trackers
13.16.1 Sun Action Trackers Company Information
13.16.2 Sun Action Trackers Solar Trackers Product Portfolios and Specifications
13.16.3 Sun Action Trackers Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Sun Action Trackers Main Business Overview
13.16.5 Sun Action Trackers Latest Developments
13.17 SunLink
13.17.1 SunLink Company Information
13.17.2 SunLink Solar Trackers Product Portfolios and Specifications
13.17.3 SunLink Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 SunLink Main Business Overview
13.17.5 SunLink Latest Developments
13.18 SunPower
13.18.1 SunPower Company Information
13.18.2 SunPower Solar Trackers Product Portfolios and Specifications
13.18.3 SunPower Solar Trackers Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 SunPower Main Business Overview
13.18.5 SunPower Latest Developments
14 Research Findings and Conclusion
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*If Applicable.