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Solar Tracker Market Size, Share & Trends Analysis Report By Technology (Solar PV, Concentrator PV), By Product (Single Axis, Dual Axis), By Application, By Region, And Segment, Forecasts 2019 - 2025

  • ID: 4031942
  • Report
  • 120 pages
  • Grand View Research
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FEATURED COMPANIES

  • Abengoa Solar S.A.
  • AllEarth Renewables Inc.
  • Array Technologies Inc.
  • DEGERenergie GmbH
  • Energia Ercam SL
  • First Solar Inc.
  • MORE
The global solar tracker market is anticipated to reach USD 7.35 billion by 2025, according to this report. It is anticipated to expand at a CAGR of 14.1% during the forecast period. Increasing demand for photovoltaic cells and favorable government regulations in most regions across the globe is expected to drive the growth. Rising prices of electricity are also anticipated to fuel the growth in the forthcoming years.

North America and Europe held considerable market share in the past and are expected to drive the growth in the future as well due to growing installed capacities. Moreover, supportive regulations for installation and increasing R&D for improvement of the technology are also projected to propel the market.

Growing purchase rate of solar trackers is an opportunity for the manufacturers to achieve economies of scale. Moreover, increasing efforts by the producers to expand product portfolio and strengthen their market is anticipated to create more opportunities for the market players.

Increasing favorable investment on unconventional energy source like FIT schemes by Spain is trending in the market. Moreover, increasing use of Concentrator Photovoltaic (CPV) in solar trackers for more efficiency and due to less cost of CPV systems is another trend observed in the market. These trends are expected to contribute significantly to the market growth.

Further key findings from the report suggest:
  • Demand for solar trackers is expected to grow significantly during the forecast period due to supportive regulations from the government, growing installation capacities, and strict regulations for controlling environmental emissions
  • Photovoltaic cells segment is expected to propel at a CAGR of 18.4% in terms of installed capacity from 2019 to 2025 due to increasing demand and supply gap for electricity and better compatibility of photovoltaic cells with the photovoltaic modules technologies
  • Utility segment accounted for a considerable market share and is expected expand at a CAGR of 18.8% from 2019 to 2025 due to rising electricity prices and demand for renewable energy source
  • Single axis tracker is also expected to expand at a CAGR of 13.7% in terms of revenue in the forthcoming years owing to increasing preference for residential and commercial use and high performance of solar trackers due to single axis tracker in high resolution areas
  • Manufacturers in the solar tracker market focus on shifting their manufacturing bases in emerging economies like China and India due to low production and labor cost in these regions

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abengoa Solar S.A.
  • AllEarth Renewables Inc.
  • Array Technologies Inc.
  • DEGERenergie GmbH
  • Energia Ercam SL
  • First Solar Inc.
  • MORE
Chapter 1 Methodology and Scope
1.1 Market Definition, Segmentation & Scope
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR's Internal Database
1.2.3 Secondary Sources
1.2.4 Third Party PeRspective
1.2.5 Primary Research
1.3 Information Analysis & Data Analysis Models
1.4 List of Data Sources
1.5 List of Abbreviations

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage
3.1.1 Global Solar Tracker Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Technology Overview
3.4.1 Solar Photovoltaic
3.4.2 Concentrator Photovoltaic (CPV)
3.4.3 Concentrated solar power (CSP)
3.4.4 Single axis solar tracker
3.4.5 Dual axis solar tracker
3.4.6 DEGER Tracking Systems
3.4.7 Altitude/elevation Tracking
3.4.8 Chronological Solar Tracker
3.4.9 Active tracker
3.5 Regulatory Framework
3.5.1 Standard & Compliances
3.6 Market Dynamics
3.6.1 Market Driver analysis
3.6.1.1 Increasing demand for photovoltaic cells
3.6.1.2 Solar tracker increases the efficiency of solar cells
3.6.1.3 Government incentive schemes and Feed-in Tariff’s (FITs)
3.6.2 Market restraint analysis
3.6.2.1 Capital intensive technology
3.7 Business Environment Analysis: Solar Tracker Market
3.7.1 Industry Analysis - Porters Model
3.7.1.1 Supplier Power
3.7.1.2 Buyer Power
3.7.1.3 Substitution Threat
3.7.1.4 Threat from New Entrant
3.7.1.5 Industry Rivalry
3.7.2 PESTEL ANALYSIS
3.7.2.1 Political Landscape
3.7.2.2 Economic Landscape
3.7.2.3 Social Landscape
3.7.2.4 Technology Landscape
3.7.2.5 Environmental Landscape
3.7.2.6 Legal Landscape

Chapter 4 Solar Tracker Market: By Technology Estimates & Trend Analysis
4.1 Solar tracker Market: Technology Movement Analysis
4.2 Market, by Technology, 2014 - 2025 (Megawatts)
4.2.1 Market estimates & forecasts, by Technology, 2014 - 2025
4.3 Solar PV
4.3.1 Market estimates and forecasts,in Solar PV, 2014 - 2025 (Megawatts)
4.3.2 Market estimates and forecasts, in Solar PV, by region, 2014 - 2025 (Megawatts)
4.4 Concentrator Photovoltaic (CPV)
4.4.1 Market estimates and forecasts, in Concentrator Photovoltaic (CPV), 2014 - 2025 (Megawatts)
4.4.2 Market estimates and forecasts, in Concentrator Photovoltaic (CPV), by region 2014 - 2025 (Megawatts)
4.5 Concentrator Photovoltaic (CPV)
4.5.1 Market estimates & forecasts, in Concentrator Photovoltaic (CPV), 2014 - 2025 (Megawatts)
4.5.2 Market estimates & forecasts, in Concentrator Photovoltaic (CPV), by region, 2014 - 2025 (Megawatts)

Chapter 5 Solar Tracker Market: By Product Estimate & Trend Analysis
5.1 Solar tracker Market: Product Movement Analysis
5.2 Market, by Product, 2014 - 2025 (Megawatts) (USD Million)
5.2.1 Market estimates & forecasts, by Product, 2014 - 2025
5.3 Single axis
5.3.1 Market estimates and forecasts,in Single axis, 2014 - 2025 (Megawatts) (USD Million)
5.3.2 Market estimates and forecasts, in Single axis, by region, 2014 - 2025 (Megawatts) (USD Million)
5.4 Dual axis
5.4.1 Market estimates and forecasts, in Dual axis, 2014 - 2025 (Megawatts) (USD Million)
5.4.2 Market estimates and forecasts, in Dual axis, by region 2014 - 2025 (Megawatts) (USD Million)

Chapter 6 Solar Tracker Market: By Application Estimates & Trend Analysis
6.1 Solar tracker Market: Application Movement Analysis
6.2 Market, by Technology, 2014 - 2025 (Megawatts)
6.2.1 Market estimates & forecasts, by Application, 2014 - 2025
6.3 Utility
6.3.1 Market estimates and forecasts,in Utility, 2014 - 2025 (Megawatts)
6.3.2 Market estimates and forecasts, in Utility, by region, 2014 - 2025 (Megawatts)
6.4 Non-utility
6.4.1 Market estimates and forecasts, in Non-utility, 2014 - 2025 (Megawatts)
6.4.2 Market estimates and forecasts, in Non-utility, by region 2014 - 2025 (Megawatts)

Chapter 7 Solar Tracker Market: Regional Estimates & Trend Analysis
7.1 Market, by Region, 2014 - 2025
7.1.1 Market estimates & forecasts, 2014 - 2025
7.2 North America
7.2.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts)
7.2.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts)
7.2.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million)
7.2.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts)
7.2.5 U.S.
7.2.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.2.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.2.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.2.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.2.6 Canada
7.2.6.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.2.6.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.2.6.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.2.6.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.3 Europe
7.3.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts)
7.3.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts)
7.3.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million)
7.3.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts)
7.3.5 Spain
7.3.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.3.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.3.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.3.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.3.6 Germany
7.3.6.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.3.6.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.3.6.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.3.6.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.4 Asia Pacific
7.4.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts)
7.4.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts)
7.4.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million)
7.4.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts)
7.4.5 China
7.4.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.4.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.4.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.4.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.4.6 India
7.4.6.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.4.6.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.4.6.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.4.6.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.4.7 Japan
7.4.7 1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.4.7.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.4.7.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.4.7.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.5 Central & South America
7.5.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts)
7.5.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts)
7.5.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million)
7.5.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts)
7.5.5 Brazil
7.5.5.1 Market estimates & forecasts, 2014 - 2025 (Megawatts)
7.5.5.2 Market estimates & forecasts, by technology, 2014 - 2025 (Megawatts)
7.5.5.3 Market estimates & forecasts, by product, 2014 - 2025 (Megawatts) (USD Million)
7.5.5.4 Market estimates & forecasts, by application, 2014 - 2025 (Megawatts)
7.6 Middle East & Africa
7.6.1 Market estimates & forecasts, 2014 - 2025 (MEgawatts)
7.6.2 Market estimates & forecasts, by Technology, 2014 - 2025 (Megawatts)
7.6.3 Market estimates & forecasts, by Product, 2014 - 2025 (Megawatts) (USD Million)
7.6.4 Market estimates & forecasts, by Application, 2014 - 2025 (Megawatts)

Chapter 8 Solar Tracker Market: Competitive Landscape
8.1 Competitive Environment
8.2 Strategy Framework
8.3 Vendor Landscape
8.4 Public Companies
8.4.1 Company Market position analysis
8.4.2 SWOT ANALYSIS
8.5 Private Companies

Chapter 9 Solar Tracker Market: Company Profiles
9.1 SunPower Corporation
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Recent Developments
9.2 Wuxi HaoSolar Technology
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Recent Developments
9.3 Abengoa Solar S.A.
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Recent Developments
9.4 Array Technologies Inc.
9.4.1 Company overview
9.4.2 Financial performance
9.4.4 Product benchmarking
9.4.5 Recent Developments
9.5 AllEarth Renewables Inc.
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Recent Developments
9.6 DEGERenergie GmbH
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Recent Developments
9.7 Grupo Clavijo
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.7.4 Recent Developments
9.8 Titan Tracker SL
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.8.4 Recent Developments
9.9 Powerway Renewable Energy Co.
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Product benchmarking
9.9.4 Recent Developments
9.10 Energia Ercam SL
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Product benchmarking
9.10.4 Recent Developments
9.11 Mecasolar España SL
9.11.1 Company overview
9.11.2 Financial performance
9.11.3 Product benchmarking
9.11.4 Recent Developments
9.12 First Solar Inc.
9.12.1 Company overview
9.12.2 Financial performance
9.12.3 Product benchmarking
9.12.4 Recent Developments
Note: Product cover images may vary from those shown
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  • SunPower Corporation
  • Wuxi HaoSolar Technology
  • Abengoa Solar S.A.
  • Array Technologies Inc.
  • AllEarth Renewables Inc.
  • DEGERenergie GmbH
  • Grupo Clavijo
  • Titan Tracker SL
  • Powerway Renewable Energy Co.
  • Energia Ercam SL
  • Mecasolar España SL
  • First Solar Inc.
Note: Product cover images may vary from those shown
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