Solar Tracker Market Trend Analysis By Technology, By Product, By Application And Segment Forecasts, 2014 - 2025

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

  • Abengoa Solar, S.A.
  • All Earth Renewables, Inc
  • Array Technologies, Inc.
  • DEGERenergie GmbH
  • Energia Ercam SL
  • First Solar, Inc.
  • MORE
The global solar tracker market is expected to reach 14.62 GW installed capacity by 2025, according to this new report. Rising demand for renewable energy in developing countries is expected to drive demand for the solar tracker. The product exhibits the ability to generate electricity in the same amount of space needed for fixed-tilt systems which make them an ideal product for optimum land usage. Solar trackers have the ability to increase the direct exposure by around 20% - 30% as they improve the precision in sunlight tracking. The major restraining factor is the high costs involved in the installation of solar trackers.

Prevalence of supporting regulations in North America is expected to be a key factor responsible for the high growth. Reduction in feed-in tariff rate has hampered market growth, however, the incentive schemes under the Italian legislative regime, highest global subsidies for RES (Renewable Energy Sources) is expected to drive market demand.

Further key findings from the report suggest:

Solar PV is the largest segment in the market growing at CAGR of 18% in terms of capacity from 2016 to 2024 on account of simplicity in design and cost-effectiveness of the technology

The demand for dual axis trackers is expected to grow rapidly at a CAGR of 18.1% from 2016 to 2024. The demand is driven by their ability follow the sun both horizontally and vertically.

The demand from utility application is expected to grow at a CAGR of 18.2%. These trackers are majorly used in wide areas, and therefore, it is more favorable to install them for large scale projects.

The European capacity was 1.06 GW in 2015 and is anticipated to witness significant rise on account of numerous installations in France, Spain, Italy, Greece, and Germany.

In April 2015, SunPower Corporation announced its plans to partner with Apple to construct two solar power projects totaling 40 MW in Qiang Autonomous Prefectures and ABA Tibetan, Sichuan Province in China.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Abengoa Solar, S.A.
  • All Earth Renewables, Inc
  • Array Technologies, Inc.
  • DEGERenergie GmbH
  • Energia Ercam SL
  • First Solar, Inc.
  • MORE
1. Methodology & Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

2. Executive Summary
2.1. Market Snapshot

3. Solar Tracker Market Variables, Trends and Scope
3.1. Market segmentation & scope
3.2. Penetration & growth prospect mapping
3.3. Value Chain Analysis
3.4. Technology Overview
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.6. SWOT Analysis, By Factor (political & legal, economic and technological)
3.7. Industry Analysis - Porter’s

4. Solar Tracker Market: Technology Estimates & Trend Analysis
4.1. Global solar tracker market share, by technology, 2015 & 2025
4.2. Solar Photovoltaic (PV)
4.2.1. Market estimates and forecasts, 2014 - 2025 (MW)
4.2.2. Market estimates and forecasts, by region, 2014 - 2025 (MW)
4.3. Concentrated Solar Power (CSP)
4.3.1. Market estimates and forecasts, 2014 - 2025 (MW)
4.3.2. Market estimates and forecasts, by region, 2014 - 2025 (MW)
4.4. Concentrated Photovoltaic (CPV)
4.4.1. Market estimates and forecasts, 2014 - 2025 (MW)
4.4.2. Market estimates and forecasts, by region, 2014 - 2025 (MW)

5. Solar Tracker Market: Product Estimates & Trend Analysis
5.1. Global solar tracker market share, by product, 2015 & 2025
5.2. Single axis
5.2.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
5.2.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
5.3. Dual axis
5.3.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
5.3.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)

6. Solar Tracker Market: Application Estimates & Trend Analysis
6.1. Global solar tracker market share, by application, 2015 & 2025
6.2. Utility
6.2.1. Market estimates and forecasts, 2014 - 2025 (MW)
6.2.2. Market estimates and forecasts, by region, 2014 - 2025 (MW)
6.3. Non-utility
6.3.1. Market estimates and forecasts, 2014 - 2025 (MW)
6.3.2. Market estimates and forecasts, by region, 2014 - 2025 (MW)

7. Solar Tracker Market: Regional Estimates & Trend Analysis
7.1. Global solar tracker market share, by region, 2015 & 2025
7.2. North America
7.2.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.2.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.2.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.2.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.2.5. U.S.
7.2.5.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.2.5.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.2.5.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.2.5.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.2.6. Canada
7.2.6.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.2.6.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.2.6.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.2.6.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.3. Europe
7.3.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.3.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.3.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.3.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.3.5. Spain
7.3.5.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.3.5.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.3.5.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.3.5.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.3.6. Germany
7.3.6.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.3.6.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.3.6.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.3.6.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.4.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.4.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.4.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.4.5. China
7.4.5.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.4.5.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.4.5.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.4.5.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.4.6. India
7.4.6.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.4.6.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.4.6.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.4.6.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.4.7. Japan
7.4.7.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.4.7.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.4.7.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.4.7.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.5. Central & South America
7.5.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.5.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.5.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.5.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.5.5. Brazil
7.5.5.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.5.5.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.5.5.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.5.5.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)
7.6. Middle East & Africa
7.6.1. Market estimates and forecasts, 2014 - 2025 (MW)
7.6.2. Market estimates and forecasts, by technology, 2014 - 2025 (MW)
7.6.3. Market estimates and forecasts, by product, 2014 - 2025 (MW) (USD Million)
7.6.4. Market estimates and forecasts, by application, 2014 - 2025 (MW)

8. Competitive Landscape
8.1. Market Share Analysis
8.2. Vendor Landscape
8.3. Competitive Environment- Snapshot
8.4. Company Market Positioning
8.5. Strategic & Enabling Pillars

9. Company Profiles
9.1. Wuxi Hao Solar Technology Co. Ltd.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Abengoa Solar, S.A.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.3. All Earth Renewables, Inc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Array Technologies, Inc.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. DEGERenergie GmbH
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. SunPower Corporation
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Grupo Clavijo Elt SL
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Titan Tracker SL
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Powerway Renewable Energy Co., Ltd.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Energia Ercam SL
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.11. Mecasolar España SL
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. First Solar, Inc.
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives

List of Tables

1. Solar PV solar tracker market capacity estimates & forecasts, 2014 - 2025 (Megawatts)
2. Solar PV solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
3. Solar CPV solar tracker market capacity estimates & forecasts, 2014 - 2025 (Megawatts)
4. Solar PV solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
5. Solar CSP solar tracker market capacity estimates & forecasts, 2014 - 2025 (Megawatts)
6. Solar PV solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
7. Single axis solar tracker market capacity estimates & forecasts, 2014 - 2025 (Megawatts)
8. Single axis solar tracker market estimates & forecasts, 2014 - 2025 (USD Million)
9. Single axis solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
10. Single axis solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (USD Million)
11. Dual axis solar tracker market capacity estimates & forecasts, 2014 - 2025 (Megawatts) (USD Million)
12. Dual axis solar tracker market estimates & forecasts, 2014 - 2025 (USD Million)
13. Dual axis solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
14. Dual axis solar tracker market capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
15. Solar tracker market in utility application capacity estimates & forecasts, 2014 - 2025 (Megawatts)
16. Solar tracker market in utility application capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
17. Solar tracker market in non-utility application capacity estimates & forecasts, 2014 - 2025 (Megawatts)
18. Solar tracker market in non-utility application capacity estimates & forecasts, 2014 - 2025, by region (Megawatts)
19. North America solar tracker market, by technology, 2014 - 2025 (Megawatts)
20. North America solar tracker market, by product, 2014 - 2025 (Megawatts)
21. North America solar tracker market, by product, 2014 - 2025 (USD Million)
22. North America solar tracker market, by application, 2014 - 2025 (Megawatts)
23. U.S solar tracker market, by technology, 2014 - 2025 (Megawatts)
24. U.S solar tracker market, by product, 2014 - 2025 (Megawatts)
25. U.S solar tracker market, by product, 2014 - 2025 (USD Million)
26. U.S solar tracker market, by application, 2014 - 2025 (Megawatts)
27. Canada solar tracker market, by technology, 2014 - 2025 (Megawatts)
28. Canada solar tracker market, by product, 2014 - 2025 (Megawatts)
29. Canada solar tracker market, by product, 2014 - 2025 (USD Million)
30. Canada solar tracker market, by application, 2014 - 2025 (Megawatts)
31. Europe solar tracker market, by technology, 2014 - 2025 (Megawatts)
32. Europe solar tracker market, by product, 2014 - 2025 (Megawatts)
33. Europe solar tracker market, by product, 2014 - 2025 (USD Million)
34. Europe solar tracker market, by application, 2014 - 2025 (Megawatts)
35. Spain solar tracker market, by technology, 2014 - 2025 (Megawatts)
36. Spain solar tracker market, by product, 2014 - 2025 (Megawatts)
37. Spain solar tracker market, by product, 2014 - 2025 (USD Million)
38. Spain solar tracker market, by application, 2014 - 2025 (Megawatts)
39. Germany solar tracker market, by technology, 2014 - 2025 (Megawatts)
40. Germany solar tracker market, by product, 2014 - 2025 (Megawatts)
41. Germany solar tracker market, by product, 2014 - 2025 (USD Million)
42. Germany solar tracker market, by application, 2014 - 2025 (Megawatts)
43. Asia Pacific solar tracker market, by technology, 2014 - 2025 (Megawatts)
44. Asia Pacific solar tracker market, by product, 2014 - 2025 (Megawatts)
45. Asia Pacific solar tracker market, by product, 2014 - 2025 (USD Million)
46. Asia Pacific solar tracker market, by application, 2014 - 2025 (Megawatts)
47. China solar tracker market, by technology, 2014 - 2025 (Megawatts)
48. China solar tracker market, by product, 2014 - 2025 (Megawatts)
49. China solar tracker market, by product, 2014 - 2025 (USD Million)
50. China solar tracker market, by application, 2014 - 2025 (Megawatts)
51. India solar tracker market, by technology, 2014 - 2025 (Megawatts)
52. India solar tracker market, by product, 2014 - 2025 (Megawatts)
53. India solar tracker market, by product, 2014 - 2025 (USD Million)
54. India solar tracker market, by application, 2014 - 2025 (Megawatts)
55. Japan solar tracker market, by technology, 2014 - 2025 (Megawatts)
56. Japan solar tracker market, by product, 2014 - 2025 (Megawatts)
57. Japan solar tracker market, by product, 2014 - 2025 (USD Million)
58. Japan solar tracker market, by application, 2014 - 2025 (Megawatts)
59. Central & South America solar tracker market, by technology, 2014 - 2025 (Megawatts)
60. Central & South America solar tracker market, by product, 2014 - 2025 (Megawatts)
61. Central & South America solar tracker market, by product, 2014 - 2025 (USD Million)
62. Central & South America solar tracker market, by application, 2014 - 2025 (Megawatts)
63. Brazil solar tracker market, by technology, 2014 - 2025 (Megawatts)
64. Brazil solar tracker market, by product, 2014 - 2025 (Megawatts)
65. Brazil solar tracker market, by product, 2014 - 2025 (USD Million)
66. Brazil solar tracker market, by application, 2014 - 2025 (Megawatts)
67. MEA solar tracker market, by technology, 2014 - 2025 (Megawatts)
68. MEA solar tracker market, by product, 2014 - 2025 (Megawatts)
69. MEA solar tracker market, by product, 2014 - 2025 (USD Million)
70. MEA solar tracker market, by application, 2014 - 2025 (Megawatts)

List of Figures

1. Market summary
2. Market trends & outlook
3. Market segmentation & scope
4. Penetration & growth prospect mapping
5. Solar Tracker Value Chain Analysis
6. Market driver relevance analysis (Current & future impact)
7. Market restraint relevance analysis (Current & future impact)
8. SWOT Analysis, By Factor (political & legal, economic and technological)
9. Porter’s Five Forces Analysis
10. Solar Tracker market technology outlook key takeaways
11. Solar Tracker market: Technology movement analysis
12. Solar TrackerSolar PV Market, 2014 - 2025 (Megawatts)
13. Solar TrackerCSP Market, 2014 - 2025 (Megawatts)
14. Solar Tracker CPV Market, 2014 - 2025 (Megawatts)
15. Solar Tracker market product outlook key takeaways
16. Solar Tracker market: product movement analysis (USD Million)
17. Single axis Solar TrackerMarket, 2014 - 2025 (Megawatts) (USD Million)
18. Dual axis Solar TrackerMarket, 2014 - 2025 (Megawatts) (USD Million)
19. Solar Tracker market application outlook key takeaways
20. Solar Tracker market: application movement analysis
21. Solar Tracker Market in utility application, 2014 - 2025 (Megawatts)
22. Solar Tracker Market in non-utility application, 2014 - 2025 (Megawatts)
23. Regional Solar Tracker market: Key takeaways
24. Regional outlook, 2015 &2025
25. U.S. country outlook, 2014 to 2025 (Megawatts) (USD Million)
26. Canada country outlook, 2014 to 2025 (Megawatts) (USD Million)
27. Spain country outlook, 2014 to 2025 (Megawatts) (USD Million)
28. Germany country outlook, 2014 to 2025 (Megawatts) (USD Million)
29. China country outlook, 2014 to 2025 (Megawatts) (USD Million)
30. India country outlook, 2014 to 2025 (Megawatts) (USD Million)
31. Japan country outlook, 2014 to 2025 (Megawatts) (USD Million)
32. Brazil country outlook, 2014 to 2025 (Megawatts) (USD Million)
Note: Product cover images may vary from those shown
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  • Wuxi Hao Solar Technology Co. Ltd.
  • Abengoa Solar, S.A.
  • All Earth Renewables, Inc
  • Array Technologies, Inc.
  • DEGERenergie GmbH
  • SunPower Corporation
  • Grupo Clavijo Elt SL
  • Titan Tracker SL
  • Powerway Renewable Energy Co., Ltd.
  • Energia Ercam SL
  • Mecasolar España SL
  • First Solar, Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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