Global Solar Tracker Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023

  • ID: 4279518
  • Report
  • Region: Global
  • 140 Pages
  • Occams Business Research and Consulting
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The Global Solar Tracker Market is Expected to Grow With the CAGR of Approximately 18.3% During 2016-2023

FEATURED COMPANIES

  • First Solar, Inc. (U.S.)
  • Grupo Clavijo (Spain)
  • Mecasolar (U.S.)
  • Mechatron (U.S.)
  • Nextracker, Inc. (U.S.)
  • Optimum Tracker (France)
  • MORE

The global solar tracker market is expected to grow with the CAGR of approximately 18.3% during the forecast period (2016-2023). The factors that are supporting to drive the growth of the solar tracker market are increasing smart city projects, innovations in solar trackers, increasing awareness regardingrenewable energy sources and reducing cost of solar energy. According to Eurostat, the gross electricity generation from renewables in 2015 grew by 4.0 % as compared to 2014. In 2015, the renewable electricity generation held to 29 % of overall gross electricity generation. Solar power electricity generation has grown rapidly in the recent years. In 2015, it has accounted for 12 % of total renewable electricity. The primary production of renewables in 2015 increased by 3.8 % as compared to 2014. Renewables generate over 20% of the UK’s electricity and EU targets signify that it is expected to rise to 30% by 2020. Since 2020, renewable energy will remain to be a vital part of the strategy in order to decline carbon emissions.

Current installed capacity of solar PV surpasses 8.7GW and is growing rapidly, with Year-Over-Year (YOY) growth increasing 80% in 2015. In the UK, several schemes that offer financial support for renewable energy. Such schemes support technological development and broad adoption of renewables as a result which leads to high economies of scale and lower costs. For example: The Feed-in Tariff (FiT) is intended to encourage small-scale renewable installations which are up to 5MW. By FiTs, the generators are funded a tariff for each unit of electricity they generate. Thus, such rise in renewable power generation leads to high growth in solar industry, which in turn aids in the growth of solar tracker market. Geographically, in 2015, Europe occupied major share due to increasing use of renewable energy sources along with increasing solar PV installations in the region.

However, Asia Pacific is expected to be the fastest growing region due to increasing government support to renewable energy sources in the China & India along with increasing demand for electricity in these countries. The presence of major players such as Abengoa Solar S.A. (Spain), Array Technologies Inc. (U.S.), First Solar Inc. (U.S.), GrupoClavijo Spain, Mechatron (U.S.), NEXTracker Inc. (U.S.) etc. Mergers & Acquisitions, product launches etc. are increasing opportunities for high number of innovations in the region.

The global solar tracker market is segmented on the basis of product, technology and application. The product segment is further classified into single axis and dual axis.The technology segment is further classified into solar photovoltaic (PV), Concentrated Photovoltaic (CPV) and Concentrated Solar Power (CPV).The application segment is further classified into utility and non-utility.



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FEATURED COMPANIES

  • First Solar, Inc. (U.S.)
  • Grupo Clavijo (Spain)
  • Mecasolar (U.S.)
  • Mechatron (U.S.)
  • Nextracker, Inc. (U.S.)
  • Optimum Tracker (France)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Solar Tracker Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360 Degree Industry Analysis
2.7.3. Porters 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share Analysis
2.8.3. Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities in Emerging Applications
2.9.3. Investment Opportunity in Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Increasing Smart City Projects
3.1.2. Innovations in Solar Trackers
3.1.3. Increasing Awareness Regarding Renewable Energy Sources
3.1.4. Reducing Cost of Solar Energy
3.2. Market Restraints
3.2.1. High Cost of Solar Trackers
3.2.2. Declining Subsidies for Solar Power
3.3. Market Opportunities
3.3.1. Growth in Solar Industry
3.3.2. Increasing Demand for Electricity Across the Globe
3.4.   Market Challenges
3.4.1. Lack of Skilled Professionals

4. Market Segmentation
4.1. Global Solar Tracker Market By Product
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4.  Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Single Axissolar Tracker Market
4.1.5.1.1. Adoption Scenario & Market Determinants
4.1.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.1.3. Top Players & Key Products
4.1.5.1.4. Key Conclusions
4.1.5.2. Global Dual Axis Solar Trackermarket
4.1.5.2.1. Adoption Scenario & Market Determinants
4.1.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.2.3. Top Players & Key Products
4.1.5.2.4. Key Conclusions
4.2. Global Solar Tracker Market By Technology
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4.  Opportunity Matrix
4.2.5. Market Segmentation
4.2.5.1. Global Solar Tracker Market for Solar Photovoltaic (Pv)
4.2.5.1.1. Adoption Scenario & Market Determinants
4.2.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.1.3. Top Players & Key Products
4.2.5.1.4. Key Conclusions
4.2.5.2. Global Solar Tracker Marketfor Concentrated Photovoltaic (Cpv)
4.2.5.2.1. Adoption Scenario & Market Determinants
4.2.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.2.3. Top Players & Key Products
4.2.5.2.4. Key Conclusions
4.2.5.3. Global Solar Tracker Marketfor Concentrated Solar Power (Csp)
4.2.5.3.1. Adoption Scenario & Market Determinants
4.2.5.3.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.3.3. Top Players & Key Products
4.2.5.3.4. Key Conclusions
4.3. Global Solar Tracker Market By Application
4.3.1. Market Definition And Scope
4.3.2. Decision Support Database & Estimation Methodology
4.3.3. Comparative Analysis Across Market Segments
4.3.4.  Opportunity Matrix
4.3.5. Market Segmentation
4.3.5.1. Global Solar Tracker Market in Utility
4.3.5.1.1. Adoption Scenario & Market Determinants
4.3.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.1.3. Top Players & Key Products
4.3.5.1.4. Key Conclusions
4.3.5.2. Global Solar Tracker Market in Non-Utility
4.3.5.2.1. Adoption Scenario & Market Determinants
4.3.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.2.3. Top Players & Key Products
4.3.5.2.4. Key Conclusions

5. Competitive Landscape
5.1. Key Strategies
5.1.1. List of Mergers & Acquisitions
5.1.2. List of Joint Ventures
5.1.3. List of Product Launches
5.1.4. List of Partnerships
5.2. Top 10 Company Analysis

6. Geographical Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4.  Global Solar Tracker Market By Region 2014-2023 ($ Million)
6.4.1. North America
6.4.1.1. Industrial Analysis 2014-2023 ($ Million)
6.4.1.2. Top Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.1.2. Top Players & Key Products
6.4.1.2.1.3. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.2.2. Top Players & Key Products
6.4.1.2.2.3. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Analysis 2014-2023 ($ Million)
6.4.2.2. Top Country Analysis
6.4.2.2.1. Uk
6.4.2.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.1.2. Top Players & Key Products
6.4.2.2.1.3. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.2.2. Top Players & Key Products
6.4.2.2.2.3. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.3.2. Top Players & Key Products
6.4.2.2.3.3. Key Conclusions
6.4.2.2.4. Spain
6.4.2.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.4.2. Top Players & Key Products
6.4.2.2.4.3. Key Conclusions
6.4.2.2.5. Rest of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.5.2. Top Players & Key Products
6.4.2.2.5.3. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Analysis 2014-2023 ($ Million)
6.4.3.2. Top Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.1.2. Top Players & Key Products
6.4.3.2.1.3. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.2.2. Top Players & Key Products
6.4.3.2.2.3. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.3.2. Top Players & Key Products
6.4.3.2.3.3. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.4.2. Top Players & Key Products
6.4.3.2.4.3. Key Conclusions
6.4.3.2.5. Rest of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.5.2. Top Players & Key Products
6.4.3.2.5.3. Key Conclusions
6.4.4. Row
6.4.4.1. Industry Analysis 2014-2023 ($ Million)
6.4.4.2. Top Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.1.2. Top Players & Key Products
6.4.4.2.1.3. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.2.2. Top Players & Key Products
6.4.4.2.2.3. Key Conclusions

7. Company Profiles
7.1. Abengoa Solar S.A. (Spain)
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Key Innovation Sector
7.1.4. Strategic Initiatives
7.1.5. Scot Analysis
7.1.6. Strategic Analysis
7.2. Allearth Renewables (U.S.)
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Key Innovation Sector
7.2.4. Strategic Initiatives
7.2.5. Scot Analysis
7.2.6. Strategic Analysis
7.3. Array Technologies,  Inc. (U.S.)
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Key Innovation Sector
7.3.4. Strategic Initiatives
7.3.5. Scot Analysis
7.3.6. Strategic Analysis
7.4. Degerenergie Gmbh & Co. Kg (Germany)
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Key Innovation Sector
7.4.4. Strategic Initiatives
7.4.5. Scot Analysis
7.4.6. Strategic Analysis
7.5. Energia Ercam S.A. (Spain)
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Key Innovation Sector
7.5.4. Strategic Initiatives
7.5.5. Scot Analysis
7.5.6. Strategic Analysis
7.6. First Solar, Inc. (U.S.)
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Key Innovation Sector
7.6.4. Strategic Initiatives
7.6.5. Scot Analysis
7.6.6. Strategic Analysis
7.7. Grupo Clavijo (Spain)
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Key Innovation Sector
7.7.4. Strategic Initiatives
7.7.5. Scot Analysis
7.7.6. Strategic Analysis
7.8. Mecasolar (U.S.)
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Key Innovation Sector
7.8.4. Strategic Initiatives
7.8.5. Scot Analysis
7.8.6. Strategic Analysis
7.9. Mechatron (U.S.)
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Key Innovation Sector
7.9.4. Strategic Initiatives
7.9.5. Scot Analysis
7.9.6. Strategic Analysis
7.10. Nextracker, Inc. (U.S.)
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Key Innovation Sector
7.10.4. Strategic Initiatives
7.10.5. Scot Analysis
7.10.6. Strategic Analysis
7.11. Optimum Tracker (France)
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Key Innovation Sector
7.11.4. Strategic Initiatives
7.11.5. Scot Analysis
7.11.6. Strategic Analysis
7.12. Powerway Renewable Energy Co. Ltd. (China)
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Key Innovation Sector
7.12.4. Strategic Initiatives
7.12.5. Scot Analysis
7.12.6. Strategic Analysis
7.13. Soitec (France)
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Key Innovation Sector
7.13.4. Strategic Initiatives
7.13.5. Scot Analysis
7.13.6. Strategic Analysis
7.14. Sunpower Corporation (U.S.)
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Key Innovation Sector
7.14.4. Strategic Initiatives
7.14.5. Scot Analysis
7.14.6. Strategic Analysis
7.15. Titan Tracker Sl (Spain)
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Key Innovation Sector
7.15.4. Strategic Initiatives
7.15.5. Scot Analysis
7.15.6. Strategic Analysis

List of Tables
1. Global Solar Tracker Market By Product 2014-2023 ($ Million)
2. Global Single Axis Solar Tracker Marketby Geography 2014-2023 ($ Million)
3. Global Dual Axis Solar Tracker Market By Geography2014-2023 ($ Million)
4. Global Solar Tracker Market By Technology 2014-2023 ($ Million)
5. Global Solar Tracker Market for Solar Photovoltaic (Pv) By Geography 2014-2023 ($ Million)
6. Global Solar Tracker Market for Concentrated Photovoltaic (Cpv) By Geography2014-2023 ($ Million)
7. Global Solar Tracker Market for Concentrated Solar Power (Csp) By Geography 2014-2023 ($ Million)
8. Global Solar Tracker Market By Application 2014-2023 ($ Million)
9. Global Solar Tracker Market in Utilitygeography 2014-2023 ($ Million)
10. Global Solar Tracker Market in Non-Utilityby Geography 2014-2023 ($ Million)
11. North America Solar Tracker Market 2014-2023 ($ Million)
12. Europe Solar Tracker Market 2014-2023 ($ Million)
13. Asia Pacific Solar Tracker Market 2014-2023 ($ Million)
14. Rest of the World Solar Tracker Market 2014-2023 ($ Million)

List of Figures
1. Global Solar Trackermarket By Single Axis 2014-2023 ($ Million)
2. Global Solar Tracker Market By Dual Axis 2014-2023 ($ Million)
3. Global Solar Tracker Market Bysolar Photovoltaic (Pv) 2014-2023 ($ Million)
4. Global Solar Tracker Market By Concentrated Photovoltaic (Cpv) 2014-2023 ($ Million)
5. Global Solar Tracker Market By Concentrated Solar Power (Csp) 2014-2023 ($ Million)
6. Global Solar Tracker Market By Utility2014-2023 ($ Million)
7. Global Solar Tracker Market By Non-Utility2014-2023 ($ Million)
8. United States (U.S.) Solar Tracker Market 2014-2023 ($ Million)
9. Canada Solar Tracker Market 2014-2023 ($ Million)
10. United Kingdom (Uk) Solar Tracker Market 2014-2023 ($ Million)
11. France Solar Tracker Market 2014-2023 ($ Million)
12. Germany Solar Tracker Market 2014-2023 ($ Million)
13. Spainsolar Tracker Market 2014-2023 ($ Million)
14. Roe Solar Tracker Market 2014-2023 ($ Million)
15. India Solar Tracker Market 2014-2023 ($ Million)
16. China Solar Tracker Market 2014-2023 ($ Million)
17. Japan Solar Tracker Market 2014-2023 ($ Million)
18. Australiasolar Tracker Market 2014-2023 ($ Million)
19. Roapac Solar Tracker Market 2014-2023 ($ Million)
20. Latin America Solar Tracker Market 2014-2023 ($ Million)
21. Mena Solar Tracker Market 2014-2023 ($ Million)

Note: Product cover images may vary from those shown
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  • Abengoa Solar S.A. (Spain)
  • Allearth Renewables (U.S.)
  • Array Technologies,  Inc. (U.S.)
  • Degerenergie Gmbh & Co. Kg (Germany)
  • Energia Ercam S.A. (Spain)
  • First Solar, Inc. (U.S.)
  • Grupo Clavijo (Spain)
  • Mecasolar (U.S.)
  • Mechatron (U.S.)
  • Nextracker, Inc. (U.S.)
  • Optimum Tracker (France)
  • Powerway Renewable Energy Co. Ltd. (China)
  • Soitec (France)
  • Sunpower Corporation (U.S.)
  • Titan Tracker Sl (Spain)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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