+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Dual Axis Solar Trackers - Global Market Trajectory & Analytics

  • ID: 5029918
  • Report
  • January 2021
  • Region: Global
  • 142 pages
  • Global Industry Analysts, Inc
Global Dual Axis Solar Trackers Market to Reach US$ 10.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Dual Axis Solar Trackers estimated at US$ 4.2 Billion in the year 2020, is projected to reach a revised size of US$ 10.7 Billion by 2027, growing at a CAGR of 14.3% over the period 2020-2027.Utility, one of the segments analyzed in the report, is projected to grow at a 14.6% CAGR to reach US$ 8.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Utility segment is readjusted to a revised 13.2% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Dual Axis Solar Trackers market.



The U.S. Accounts for Over 21.2% of Global Market Size in 2020, While China is Forecast to Grow at a 18.1% CAGR for the Period of 2020-2027

The Dual Axis Solar Trackers market in the U.S. is estimated at US$ 885 Million in the year 2020. The country currently accounts for a 21.17% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 2.2 Billion in the year 2027 trailing a CAGR of 18.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 13% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR while Rest of European market (as defined in the study) will reach US$ 2.2 Billion by the year 2027.The publisher brings years of research experience to this 5th edition of the report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 78 Featured):
  • AllEarth Renewables
  • Array Technologies, Inc.
  • DEGERenergie GmbH & Co. KG
  • Energia Ercam S.A.
  • First Solar, Inc.
  • Mecasolar (Mecanizados Solares S.L.)
  • Mechatron Solar
  • Powerway Renewable Energy Co., Ltd.
  • SmartTrak Solar Systems Pvt., Ltd.
  • Soitec Group
  • SunPower Corporation
  • Titan Tracker SL

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Pandemic Impact on Solar Power Market
  • EXHIBIT 2: COVID-19 Impact on Solar Power Market: Solar PV Installed Capacity (in GW) in China for the Period Q1 2019 to Q1 2020
  • COVID-19 Pandemic Chokes Supply from China
  • EXHIBIT 3: Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Impact of the COVID-19 Pandemic on the Global and Regional Solar Markets
  • Solar Trackers: A Prelude
  • Introduction to Dual Axis Solar Trackers
  • Rotation Axes
  • Application Markets
  • An Overview of the Solar Trackers Market
  • Global Market Prospects & Outlook for Dual Axis Solar Trackers
  • Utility Application Sector to Spearhead Market Growth
  • EXHIBIT 4: World Dual Axis Solar Trackers Market by Application (2020 & 2027): Percentage Breakdown of Sales for Utility and Non-Utility
  • Regional Analysis: Developed Regions Lead Dual Axis Solar Trackers Market, Developing Nations Promise Future Growth
  • EXHIBIT 5: World Dual Axis Solar Trackers Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • EXHIBIT 6: Global Dual Axis Solar Trackers Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Increasing Solar Power Capacity Augurs Well for Market Expansion
  • EXHIBIT 7: Top 10 Countries Worldwide by Annual PV Installed Capacity (2019)
  • EXHIBIT 8: Top 10 Countries Worldwide by Cumulative PV Installed Capacity in GW (2019)
  • EXHIBIT 9: Global Cumulative PV Installation by Region/Country for 2019
  • EXHIBIT 10: Solar PV Capacity Additions (in GW) by Sector for China, Europe, USA and India: 2019
  • Rising Global Electricity Demand Creates Conducive Environment for Solar Power Industry
  • EXHIBIT 11: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • EXHIBIT 12: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • EXHIBIT 13: Global Energy Consumption (in Billion toe) by Country/Region (1995, 2017 and 2040)
  • EXHIBIT 14: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Emphasis on Renewable Energy Sources Bodes Well for the Market
  • Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
  • EXHIBIT 15: Global CO2 Emissions: Percentage Breakdown of Volume Emissions by Fuel Type (2015, 2020, 2040 & 2050)
  • EXHIBIT 16: Global Investments (US$ Billion) in Renewable Energy by Source: 2018
  • EXHIBIT 17: Leading Countries with Renewable Energy as % of Total Energy
  • EXHIBIT 18: Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Government Boost to Solar Energy Adoption to Spur Market Momentum
  • Demographic Trends & Urbanization Drive Favor Growth
  • EXHIBIT 19: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • EXHIBIT 20: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Non-Utility Segment Offers Robust Opportunities
  • Growing Opportunities in Utility Vertical
  • Uptrend in Commercial Solar Power Sector Enhances Demand
  • Technology Advancements & Innovations
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 2: World 7-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • TABLE 3: World Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 4: World 7-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 5: World Current & Future Analysis for Non-Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 6: World 7-Year Perspective for Non-Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • The United States: A Key Market for Solar Modules and Trackers
  • EXHIBIT 21: Cumulative Installed Solar PV Capacity (in MWdc) in the US for Years 2014, 2017 and 2020
  • EXHIBIT 22: US Annual Solar PV Installations (in MWdc) for Years 2010, 2015 and 2020
  • EXHIBIT 23: Electricity Generating Capacity in the US: Percentage Breakdown of Annual Additions by Type for 2010, 2015 & 2020
  • COVID-19 Crisis Puts Tremendous Pressure on the US Solar Industry
  • Residential Segment Characterized by Continued Diversification
  • EXHIBIT 24: Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
  • Utility Investments on Solar PV to Drive Dual Axis Solar Trackers Market
  • EXHIBIT 25: Utility Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
  • Corporate Procurement and Community Solar Model Amplify Non-Utility and Non-Residential Dual Axis Solar Trackers Market
  • EXHIBIT 26: Non-Residential Solar PV Installations (in MWdc) for Years 2015, 2020 and 2025
  • EXHIBIT 27: Corporate Solar Capacity in the US: Installed Capacity (in MW) for Select Companies in H1 2020
  • Falling Prices Accelerate Market Expansion of Solar Trackers
  • EXHIBIT 28: Solar PV Prices (in $/Watt) in the US for Years 2010 through 2020
  • EXHIBIT 29: Prices of Residential Solar PV System by Segment (in $/Watt) for 2014, 2017 and 2020
  • Market Analytics
  • TABLE 7: USA Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 8: USA 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • CANADA
  • TABLE 9: Canada Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 10: Canada 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • JAPAN
  • Market Overview
  • EXHIBIT 30: Average Generation Costs of Residential Solar PVs and Average Residential Electricity Rates in Japan (JPY/kWh) (As of Aug 2020)
  • Market Analytics
  • TABLE 11: Japan Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 12: Japan 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • CHINA
  • China: Most Vibrant Market for Solar Modules and Trackers
  • EXHIBIT 31: China’s Solar Power Installed Capacity in GW for the Years 2019 and 2025
  • Market Analytics
  • TABLE 13: China Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 14: China 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • EUROPE
  • Market Overview
  • EXHIBIT 32: Cumulative Installed Solar PV Capacity (in GW) in EU for Years 2010, 2015, 2020, 2025 and 2030
  • EXHIBIT 33: Cumulative Grid-Connected PV Capacity (in GWp) in EU for Years 2010, 2015, and 2020
  • Favorable Policy Framework to Stimulate Adoption of PV Systems, Driving Demand for Solar Trackers
  • Market Analytics
  • TABLE 15: Europe Current & Future Analysis for Dual Axis Solar Trackers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 16: Europe 7-Year Perspective for Dual Axis Solar Trackers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • TABLE 17: Europe Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 18: Europe 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • FRANCE
  • TABLE 19: France Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 20: France 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • GERMANY
  • Germany: A Prelude to the Solar Market
  • Market Analytics
  • TABLE 21: Germany Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 22: Germany 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • ITALY
  • TABLE 23: Italy Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 24: Italy 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • UNITED KINGDOM
  • TABLE 25: UK Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 26: UK 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • REST OF EUROPE
  • TABLE 27: Rest of Europe Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 28: Rest of Europe 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • ASIA-PACIFIC
  • Asia-Pacific Leads Solar PV Installations, Driving Dual Axis Solar Trackers Market
  • Focus on Renewable Energy Mix and Favorable Government Policies Bodes Well for Market Growth
  • COVID-19 Impact on Indian Solar Industry
  • Lockdowns Help Produce More Solar Power
  • Market Analytics
  • TABLE 29: Asia-Pacific Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 30: Asia-Pacific 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
  • REST OF WORLD
  • TABLE 31: Rest of World Current & Future Analysis for Dual Axis Solar Trackers by Application - Utility and Non-Utility - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 32: Rest of World 7-Year Perspective for Dual Axis Solar Trackers by Application - Percentage Breakdown of Value Sales for Utility and Non-Utility for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 94
Note: Product cover images may vary from those shown
Adroll
adroll