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Global Solar Tracker Market: By Technology: Solar PV, Concentrator Photovoltaic (CPV), Concentrated Solar Power (CSP), Others; By Application: Utility, Non-Utility; By Product: Single Axis, Dual Axis; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Solar Tracker Market Outlook

The global solar tracker market was estimated at 27 GW in 2020 and is expected to grow at a CAGR of 30% in the forecast period of 2021-2026.

 

Global Solar Tracker Market

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The solar tracker market is driven by the increasing need for solar cells or photovoltaic cells and solar tracker benefits such as improved cell performance. Photovoltaic cells are used with the help of sunlight to transform solar energy into a flow of electrons.

 

Properties and Applications

A solar tracker is a device directed toward the sun by a payload. Trackers are used to enable optical components in CPV and CSP systems in concentrator photovoltaics (CPV) and concentrated solar power (CSP) applications.

 

Global Solar Tracker Market By Application

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The solar tracker market can be segmented into technology, applications, and products. The industry can be broadly categorised based on technology into:

  • Solar PV
  • Concentrator Photovoltaic (CPV)
  • Concentrated Solar Power (CSP)
  • Others

The industry can be divided based on applications as:

  • Utility 
  • Non-Utility
  • Others

Based on the products, the industry can be divided into:

  • Single Axis
  • Dual Axis

The EMR report looks into the regional solar tracker markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

 

Global Solar Tracker Market By Region

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Market Analysis

The solar tracker market is driven by the rapid increase in the use of solar trackers. Solar monitor in the direction of the sun guides solar panels or modules. The two types of material used for this purpose are the single axis and dual axis. The former product category is commonly used as it is fairly cost-effective and easy to install and run. Due to the increasing number of installed capacities, Europe and North America had a significant market share in the past years and are projected to increase impressively during the forecast period. In addition, one of the key drivers of consumer demand in these regions is the favourable legislation for installing solar trackers. It is predicted that the involvement of well-established companies in North America, increasing R&D programs, strict regulations for regulating environmental emissions, and the increased funding, feed-in tariffs, and government subsidies will further push the solar tracker market over the forecast period. Favourable government regulations are projected to have a positive impact on the industry growth in most regions around the globe. In addition, the increasing numbers of government incentives to encourage the value and use of solar panels are also projected to boost the solar tracker market development.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global solar tracker market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • SunPower Corporation (NASDAQ: SPWR)
  • Abengoa S.A.
  • Array Technologies Inc.
  • AllEarth Renewables
  • DEGERenergie GmbH & Co. KG
  • 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.

 

Key Questions Answered in the Report

  • How has the global solar tracker market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industry for 2021-2026?
  • What are the major drivers of the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints of the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major demand indicators of the global industry?
  • Who are the key manufacturers in the global solar tracker market?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the global industry?

*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
    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    Key Industry Trends
    3.3    Market Scope and Segmentation
    3.4    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 Solar Tracker Market Analysis
    6.1    Global Solar Tracker Historical Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Solar Tracker Market Breakup by Technology
        6.2.1    Solar PV
        6.2.2    Concentrator Photovoltaic (CPV)
        6.2.3    Concentrated Solar Power (CSP)
        6.2.4    Others
    6.3    Global Solar Tracker Market Breakup by Technology: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Solar PV
        6.3.2    Concentrator Photovoltaic (CPV)
        6.3.3    Concentrated Solar Power (CSP)
        6.3.4    Others
    6.4    Global Solar Tracker Market Breakup by Application
        6.4.1    Utility  
        6.4.2    Non-Utility
        6.4.3    Others
    6.5    Global Solar Tracker Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Utility  
        6.5.2    Non-Utility
        6.5.3    Others
    6.6    Global Solar Tracker Market Breakup by Product
        6.6.1    Single Axis
        6.6.2    Dual Axis 
    6.7    Global Solar Tracker Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Single Axis
        6.7.2    Dual Axis 
    6.8    Global Solar Tracker Market Breakup by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    Germany
            6.8.2.2    United Kingdom
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    Japan
            6.8.3.3    India
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.4.4    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Global Solar Tracker Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    Germany
            6.9.2.2    United Kingdom
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    Japan
            6.9.3.3    India
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.4.4    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    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    SunPower Corporation (NASDAQ: SPWR)
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Abengoa S.A.
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3    Array Technologies Inc.
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    AllEarth Renewables
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    DEGERenergie GmbH & Co. KG
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    Others
10    Industry Events and Developments 

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