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Global Dual-Axis Solar Tracker Market 2019-2023 - Product Image

Global Dual-Axis Solar Tracker Market 2019-2023

  • ID: 4790993
  • Report
  • June 2019
  • Region: Global
  • 118 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • AllEarth Renewables, Inc.
  • Mechatron SA
  • Titan Tracker SL
  • MORE
Global Dual-Axis Solar Tracker Market: About this market

Dual-axis solar tracker enables two degrees of movement to solar PV modules for efficient tracking of sun throughout the day. The dual-axis solar tracker market analysis considers sales generated from the adoption of dual-axis solar tracker for non-utility and utility applications. Our analysis also considers the sales of dual-axis solar tracker in the Americas, APAC, and EMEA. In 2018, the utility segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing focus on a clean and sustainable form of energy generation will play a significant role in the utility segment to maintain its market position. Also, our global dual-axis solar tracker market report looks at factors such as the declining cost of solar power generation, supportive government policies, and regulations about solar installations, and growing adoption of renewable energy. However, competition from alternatives of dual-axis solar trackers, challenges associated with solar PV modules and their disposal, and challenges posed by alternative sources of energy may hamper the growth of the dual-axis solar tracker industry over the forecast period.

Global Dual-Axis Solar Tracker Market: Overview

Growing adoption of renewable energy

Globally, the renewable energy sector is growing significantly due to the competitive price of power generation, subsidies provided by various governments, and favorable regulations. Also, the capital costs of solar PV declined. This decrease in capital costs spurred the number of solar PV installations and contributed to 25% year-over-year expansion in terms of installations in 2017. This trend was observed in several countries that are investing significantly in renewables, including solar PVs. These factors will boost the demand for solar PV panels and dual axis solar trackers across countries and consequently lead to the expansion of the global dual-axis solar tracker market at a CAGR of about 14% during the forecast period.

Rising installations of CSP and CPV solar plants

The solar industry is adopting new solar energy technologies such as CSP and CPV because they have high electricity production efficiency. This is encouraging an increase in investments in several new CSP and CPV projects around the globe. Consequently, the demand for dual axis solar trackers will increase as it is extensively used in CSP and CPV. In addition, rising investments will have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global dual-axis solar tracker market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dual-axis solar tracker manufacturers, that include AllEarth Renewables, Inc., DEGERenergie GmbH & Co. KG, Mechatron SA, Qingdao Eternal Electronic Co. Ltd., and Titan Tracker SL.

Also, the dual-axis solar tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AllEarth Renewables, Inc.
  • Mechatron SA
  • Titan Tracker SL
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Utility - Market size and forecast 2018-2023
  • Non-utility - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Rising installations of CSP and CPV solar plants
  • Advances in power electronics used in solar PV systems
  • Increasing adoption of microgrids
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AllEarth Renewables, Inc.
  • DEGERenergie GmbH & Co. KG
  • Mechatron SA
  • Qingdao Eternal Electronic Co. Ltd.
  • Titan Tracker SL
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global renewable energy market
Exhibit 02: Segments of global renewable energy market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Utility - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Utility - Year-over-year growth 2019-2023 (%)
Exhibit 21: Non-utility - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Non-utility - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 29: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 31: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 33: Key leading countries
Exhibit 34: Market opportunity
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Vendor landscape
Exhibit 37: Landscape disruption
Exhibit 38: Vendors covered
Exhibit 39: Vendor classification
Exhibit 40: Market positioning of vendors
Exhibit 41: AllEarth Renewables Inc. - Vendor overview
Exhibit 42: AllEarth Renewables Inc. - Key offerings
Exhibit 43: DEGERenergie GmbH & Co. KG - Vendor overview
Exhibit 44: DEGERenergie GmbH & Co. KG - Organizational developments
Exhibit 45: DEGERenergie GmbH & Co. KG - Key offerings
Exhibit 46: Mechatron SA - Vendor overview
Exhibit 47: Mechatron SA - Key offerings
Exhibit 48: Qingdao Eternal Electronic Co. Ltd. - Vendor overview
Exhibit 49: Qingdao Eternal Electronic Co. Ltd. - Key offerings
Exhibit 50: Titan Tracker SL - Vendor overview
Exhibit 51: Titan Tracker SL - Key offerings
Exhibit 52: Validation techniques employed for market sizing
Exhibit 53: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AllEarth Renewables, Inc.
  • Mechatron SA
  • Titan Tracker SL
  • MORE
The following companies are recognised as the key players in the global dual-axis solar tracker market: AllEarth Renewables, Inc., DEGERenergie GmbH & Co. KG, Mechatron SA, Qingdao Eternal Electronic Co. Ltd., and Titan Tracker SL.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising installations of CSP and CPV solar plants.”

According to the report, one of the major drivers for this market is the growing adoption of renewable energy.

Further, the report states that one of the major factors hindering the growth of this market is the competition from alternatives of dual-axis solar trackers.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • AllEarth Renewables, Inc.
  • DEGERenergie GmbH & Co. KG
  • Mechatron SA
  • Qingdao Eternal Electronic Co. Ltd.
  • Titan Tracker SL
Note: Product cover images may vary from those shown
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