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Market Outlook
The global dual-axis solar tracker market size will expand at a CAGR of 15% over the forecast period of 2020-2025. 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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Properties and Applications
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.
The dual-axis solar tracker market can be divided based on application segments into:
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.
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:
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.
Key Questions Answered in the Report:
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Dual-Axis Solar Tracker Market Analysis
6.1 Global Dual-Axis Solar Tracker Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Global Dual-Axis Solar Tracker Market Breakup by Application
6.2.1 Utility
6.2.2 Non-Utility
6.3 Global Dual-Axis Solar Tracker Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Utility
6.3.2 Non-Utility
6.4 Global Dual-Axis Solar Tracker Market by Region
6.4.1 North America
6.4.1.1 United States of America
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 Germany
6.4.2.2 United Kingdom
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 ASEAN
6.4.3.5 Others
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Others
6.4.5 Middle East & Africa
6.4.5.1 Saudi Arabia
6.4.5.2 United Arab Emirates
6.4.5.3 Nigeria
6.4.5.4 South Africa
6.4.5.5 Others
6.5 Global Dual-Axis Solar Tracker Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
6.5.1.1 United States of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 Germany
6.5.2.2 United Kingdom
6.5.2.3 France
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East & Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 AllEarth Renewables, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 DEGERenergie GmbH & Co. KG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Mechatron SA
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Qingdao Eternal Electronic Co. Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Titan Tracker SL
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Others
10 Events and Developments
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