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Global Dual-Axis Solar Tracker Market: By Application: Utility, Non-Utility; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments
Global Dual-Axis Solar Tracker Market Outlook
The global dual-axis solar tracker market size will expand at a CAGR of 15% over the forecast period of 2022-2027.
The high efficiency of electricity generation generated by new solar technologies, including CSP and CPV, is enhancing the popularity of the solar industry. Due to their ability to generate electricity from stored thermal energy during nights, along with the hours of low solar radiation, CSP plants are favoured over conventional solar PV plants.
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Market Segmentation
Usually, dual-axis tracking is used to align a mirror and guide sunlight to a stationary receiver along a fixed axis. Due to the nature of trackers to follow the sun vertically and horizontally, they help to achieve optimum production of solar energy.
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The dual-axis solar tracker market can be divided based on application segments into:
- Utility
- Non-Utility
The EMR report looks into the regional markets of dual-axis solar tracker like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Market Analysis
For CSP and CPV, the dual-axis solar trackers are commonly used as the mirrors, and modules used in these technologies allow an ideal angle of continuous exposure to sunlight. As a result, the rising CSP and CPV solar plant installations will be a crucial factor driving the market demand for dual-axis solar trackers. The increasing component production scale and intense competition between players in the solar power market have helped to reduce solar power generation costs. The adoption of solar technology has been boosted by the growth of ESS, which during non-productive hours, has bridged the gap between production and supply of solar PV systems. It is expected that the rising demand for clean and sustainable energy will fuel the demand for solar PV panels in countries like India, China, Germany, and the United States. Due to the higher production output provided by dual-axis solar trackers in comparison to the other alternatives, the increasing use of solar energy for generating power will boost the growth of the dual-axis solar tracker market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global dual-axis solar tracker market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- AllEarth Renewables, Inc.
- DEGERenergie GmbH & Co. KG
- Mechatron SA
- Qingdao Eternal Electronic Co. Ltd.
- Titan Tracker SL
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Utility, Non-Utility |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | AllEarth Renewables, Inc., DEGERenergie GmbH & Co. KG, Mechatron SA, Qingdao Eternal Electronic Co. Ltd., Titan Tracker SL, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Dual-Axis Solar Tracker Market Analysis
8.1 Key Industry Highlights
8.2 Global Dual-Axis Solar Tracker Historical Market (2017-2021)
8.3 Global Dual-Axis Solar Tracker Market Forecast (2022-2027)
8.4 Global Dual-Axis Solar Tracker Market by Application
8.4.1 Utility
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Non-Utility
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Dual-Axis Solar Tracker Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 AllEarth Renewables, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Degerenergie GmbH & Co. KG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Mechatron Solar
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Haosolar Co. Ltd
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 InfiniteERCAM SA
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Dual-Axis Solar Tracker Market: Key Industry Highlights, 2017 and 2021
2. Global Dual-Axis Solar Tracker Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Dual-Axis Solar Tracker Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Dual-Axis Solar Tracker Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Dual-Axis Solar Tracker Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Dual-Axis Solar Tracker Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Dual-Axis Solar Tracker Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Dual-Axis Solar Tracker Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Dual-Axis Solar Tracker Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Dual-Axis Solar Tracker Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Dual-Axis Solar Tracker Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Dual-Axis Solar Tracker Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Dual-Axis Solar Tracker Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Dual-Axis Solar Tracker Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Dual-Axis Solar Tracker Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Global Dual-Axis Solar Tracker Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 15% between 2022 and 2027.
The major drivers of the market include the increasing component production scale, growth of ESS, rising demand for clean and sustainable energy and increasing use of solar energy for generating power.
The high efficiency of electricity generation generated by new solar technologies and rising CSP and CPV solar plant installations are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific.
The major applications of the market includes utility and non-utility.
The major players in the industry are AllEarth Renewables, Inc., DEGERenergie GmbH & Co. KG, Mechatron SA, Qingdao Eternal Electronic Co. Ltd., and Titan Tracker SL, among others.
Analyst Review
The global dual-axis solar tracker market has been driven by the high efficiency of electricity generation generated by new solar technologies. Aided by rising demand for clean and sustainable energy and rising CSP and CPV solar plant installations, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 15%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major applications of the market includes utility and non-utility. The major regional markets for dual-axis solar tracker market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The major players in the industry are AllEarth Renewables, Inc., DEGERenergie GmbH & Co. KG, Mechatron SA, Qingdao Eternal Electronic Co. Ltd., and Titan Tracker SL, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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